The Companies Act requires all Singapore private limited companies to have at least one shareholder who is either an individual or a corporation. It is not necessary for the shareholder to be a Singapore resident as 100% foreign shareholding of a company is allowed in the republic.
When incorporating your Singapore or offshore company, you can become the shareholder of the company. Alternatively, we can provide you with a Nominee Shareholder which in turn, will help you secure your corporate privacy.
Why take up a Nominee Shareholder Service?
It is not uncommon for clients to engage our Nominee Shareholder Service for the purpose of confidentiality. Our service entails the Nominee Shareholders holding the shares on trust for the beneficial owners. Only the Nominee Shareholder’s name will be identified on the Register of Shareholders.
3 Things You Need to Know About our Nominee Shareholder Agreement
- Our Nominee Shareholder Service provides each client with a signed declaration of trust in which the appointed Nominee Shareholder holds shares on behalf of the beneficial owner.
- The Nominee Shareholder is not the legal owner of the shares and the shares shall be returned to the beneficial owner when the service is terminated or transferred to another party as per beneficial owner’s request.
- All income and capital gains on the shares held belong to the beneficial owner.
Our Nominee Shareholder Service guarantees complete confidentiality. Your identity as Beneficial Owner(s) is only known to us and not placed on public record at the Company’s Registry.