Nominee Director Service in Singapore
In the bustling business landscape of Singapore, setting up a new company comes with its unique set of legal requirements. Among these is the mandate that each company must appoint at least one director and one shareholder, with the director’s name appearing on official company records for formal proceedings. The challenge arises when finding a suitable individual to fulfil the director’s role, especially for those not residing in Singapore or Singaporean citizens.
Enter the solution: nominee director services. These services allow businesses to appoint a nominee director, a director in name only, without decision-making powers within the company. This arrangement allows businesses to maintain control while meeting legal requirements, offering solutions for those seeking to navigate the complexities of Singaporean corporate law.
Why Do You Need a Nominee Director?
A nominee director stands in as a director for a company to fulfil statutory requirements. This role is crucial in ensuring companies comply with Singaporean laws, stipulating that at least one resident director must be on the company’s board. Although the nominee director holds an official position, the actual control and decision-making powers rest with the executive directors appointed by the business owners.
Despite being a director in name, nominee directors are bound by the same legal responsibilities and duties as any other director in Singapore. This includes ensuring compliance with all relevant laws and regulations, acting in the company’s best interest, and participating in crucial corporate decisions. While their day-to-day involvement in the company’s operations may be limited, their role is pivotal in maintaining the legal and ethical standing of the business.
If you’re a foreign entrepreneur without Singaporean residency or lack a local partner, a nominee director is essential for your business to comply with the Companies Act. Additionally, if the need for a local presence, maintaining control, or prioritising compliance is crucial, nominee director services offer a strategic solution, providing the necessary legal cover while you focus on growing your business.
Local Nominee Director Services
OneStop Professional is a renowned and dependable nominee director service provider that has been serving businesses since 2011. Our deep understanding of Singaporean corporate law and our commitment to excellence ensures that we provide reliable and effective solutions for your business. We recognise the importance of compliance and the need for a resident director in Singapore, and we are dedicated to helping you meet these statutory requirements without compromising control.
Alongside our nominee director services, we offer comprehensive company incorporation services and professional company secretarial services in Singapore to further support your business needs. Our services are designed to offer you peace of mind, knowing that your company is in safe hands.
Nominee Director Services Offered
Our nominee director services encompass a range of essential tasks to ensure your company remains compliant and operationally efficient.
- Appointments and Resignations of a Resident Nominee Director
- Fulfilment of Statutory Compliance Requirements
- Representation in Official Company Records and Filings
- Participation in Board of Director Meetings and Annual General Meetings (AGMs)
- Handling of Official Correspondence and Legal Documents
- Ongoing Monitoring and Ensuring Compliance with All Relevant Laws and Regulations
Our Nominee Director Packages
Our nominee director services will cost S$2,400 for 12 months with a deposit of S$2,000 (refundable). For more information on our packages or to view additional pricing and services, please click here. Alternatively, you may customise your package to suit your business needs:
| Services Included | Starter S$600 | Standard S$980 | Premier S$3,100 |
|---|---|---|---|
| ACRA Fee for Name Application & Company Incorporation (S$315) | ✅ | ✅ | ✅ |
| Company Business Profile and Constitution (Including Memorandum and Articles of Association) | ✅ | ✅ | ✅ |
| First Board of Director Meeting | ✅ | ✅ | ✅ |
| One Round Company Stamp (Self-Inking) | ✅ | ✅ | |
| Email reminder for statutory deadlines | ✅ | ✅ | |
| 12 months company secretary services | ✅ | ✅ | |
| ND Services For 12 Months | ✅ | ||
| 12 months registered address services | ✅ |
*Prices may vary based on transaction complexity and the specific needs of your business. Monthly, quarterly, semi-annual, and annual packages are available for greater flexibility.
Hear from Our Satisfied Clients
As Featured On
Our nominee director services and expertise have been recognised and featured in various renowned publications, such as ACCA, ACRA, IRAS, and more:
Frequently Asked Questions About Nominee Director Services
Nominee Director FAQs
While nominee directors help companies fulfil legal requirements, they also face potential risks. They can be held liable for the company's actions, especially if they don't meet their legal duties. Their reputation might be harmed if the company does something wrong, even if they weren't involved. Being a nominee director requires time for meetings and paperwork. Conflicts of interest might also arise if the director has ties to other companies or personal interests that clash with the company's.
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