Expert tips to choosing local director services
A Company Director holds the critical responsibility of managing company affairs and providing the required directions. A company director should be able to objectively make decisions and also act in the interest of the company. When operating an offshore company in Singapore, a director can consider seeking for local director services to help in executing tasks that he may not be able to execute personally. According to legal requirements, a company should have at least one director, and unless stated otherwise, a company should have one local director who is a resident of Singapore.
When seeking for local director services, there are several factors that should be taken into consideration as a single mistake made can have a negative impact on the company and attract legal consequences.
Here are some of the expert tips for choosing resident director services:
Local director services is not a service that can be delivered by any individual, and there are specific qualifications that the individual should attain. When operating an offshore company that demands the nomination of a local director, it is important that you work with a company that offers professional local director services along with other services. Engaging an individual when, as a director, you are not within the country can be a challenge and does not provide you with that sense of accountability.
When you work with a professional firm that provides local director services such as onestop-ca.com, you can be assured of having skilled professionals to work with. They can understand the scope of the tasks at hand and also possess the level of professionalism and qualification required to execute the tasks.
If in case you decide on hiring the individual, he or she should be above 18 years of age and should have the full legal capacity to deliver local director services. The person should not have any disqualification order raised against him.
Understanding of the statutory duties
When engaging a professional company for local director services, the firm should display a high level of professionalism and understanding of the statutory duties that the local director nominee is expected to deliver. Working with a firm such as onestop-ca.com exposes one to a team of professionals who can effectively work as local directors. The local director is expected to be well-conversant with the statutory requirements and should be able to act honestly according to the Companies Act.
How the local director manages the information, should be given priority as all the information should be taken care of with great discretion. As you choose for director services, engaging a professional company or individual who has the best interest for the business is crucial.
Watch out for conflict of interest
Moreover, ensure that you check out if the nominee has some conflict of interest as this might compromise on service delivery. You certainly wouldn’t want to engage an individual who might use the confidential information they get to sabotage the success of your company.