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 ensure that we provide reliable and effective solutions for your business. We recognize 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 also 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
• Participation in Board of Director Meetings/Annual General Meetings (AGMs)
• Handling of Official Correspondence and Legal Documents
• Monitoring and Ensuring Compliance with All Relevant Laws and Regulations