Every company that is registered in Singapore must have at least one director who is locally resident (Singapore Citizen, Permanent Resident or Entre Pass holder) in Singapore. This is a regulation of the Singapore Companies Act. If a foreigner incorporates a company in Singapore but does not have a local person who can act as a resident director of the new company, then the foreigner can “hire” a person to act as a director for a fee. Such a director is called a Nominee Director.
We can help you fulfil this requirement by appointing one of our team members to act as the nominee resident director for your Singapore company, on a short-term or annual basis. The Nominee Director is highly competent and has the required skill set needed to discharge his duties as a local director and to assist companies in fulfilling the requirements and guidelines as set out in the Companies Act and by the local Authorities. Contact us for more details.