As per Singapore Company laws, responsibilities of directors are onerous for all directors including the nominee director. The nominee director is required to pay for the company liquidation charges in case the foreign client is no longer reachable. Our nominee director service is provided by reputable and trustworthy professionals and…Read More
Business Support FAQs / Singapore Nominee Director Services
The Singapore Companies Act requires every Private Limited company to have a minimum of one local Singapore resident director. However, if you do not know any one in Singapore who can become a director of your company, we will provide you with a reliable Singapore local director to be your…Read More
The Nominee Director is considered to be a full director and responsible for the actions of the company even though he has no role in managing the company. Therefore you will need to: Satisfy our “Client Risk Assessment Certificate” requirements Appoint at least two foreign directors to run the business…Read More
The directors’ duties, responsibilities, and liabilities specified in the Act as well as under the common law where applicable, include the following key administrative and substantive duties, that is, to: discharge their responsibilities in the company; ensure that they have a reasonable degree of skill and knowledge to handle the…Read More
Directors have a fiduciary duty to their company whereby they must be loyal to the company and must act honestly and in good faith when exercising their powers.
A security deposit should not be confused with our Service Fee or some other fee. It’s your money that is temporarily in our custody for the duration of our nominee director service. We will refund the security deposit back to you immediately upon termination of our nominee director service.