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.
What is a Nominee Director?
A nominee director stands in as a director for a company to fulfil statutory requirements, especially useful for foreign entrepreneurs or investors. 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. While the nominee director holds an official position, the actual control and decision-making powers rest with the executive directors appointed by the business owners.
What is the Role of a Nominee Director?
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 company operations may be limited, their role is pivotal in maintaining the legal and ethical standing of the business.
How Do You Engage a Nominee Director Service?
Engaging a nominee director service in Singapore is simple, with numerous firms like OneStop Professional offering this service. It is essential to choose a provider that understands the legal landscape and values your business’s privacy and control. The process typically involves a consultation to understand your business needs, followed by the appointment of a suitable nominee director who aligns with your company’s objectives and values.
How Do You Know If Your Company Needs One?
If you are a foreign entrepreneur without a Singaporean residency or lack a local partner, a nominee director is essential for your business to comply with the Companies Act. Additionally, if anonymity or the need to maintain control without local presence is a priority, nominee director services offer a strategic solution, providing the necessary legal cover while you focus on growing your business.
Why Choose Us?
Engaging our nominee director service in Singapore may benefit your business in the following ways:
- Professional and Affordable: We offer professional nominee director services at reasonable fees, ensuring your business complies with Singaporean laws without breaking the bank.
- Efficient Process: Our streamlined process ensures the quick and hassle-free appointment of a nominee director, allowing you to focus on what matters most – your business.
- Industry Experience: With years of experience in the Singaporean corporate landscape, we understand the intricacies of appointing the right nominee director for your business needs.
- One-Stop Solution: Beyond nominee director services, we offer a suite of services, including accounting and secretarial services, making us a preferred firm for all corporate needs.
- Local Office Address: We provide a local office address for your business, further establishing your presence in Singapore and ensuring compliance with local regulations.
Pricing
Our nominee director services will cost S$2,400 for 12 months. 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.
Free Consultation !
Receive a call or whatsapp from us for appointment within a day.
10 Anson Road,
#13-09 International Plaza,
Singapore 079903
Email: contact@onestop-ca.com
Phone: + (65) 9644 9531
Hear from Our Satisfied Clients
As Featured On
Blogs
Incorporating a business in Singapore marks the beginning of a thrilling adventure toward realising entrepreneurial ambitions. It’s a critical step that transforms an idea or concept into […]
In the heart of Asia, Singapore presents itself as a seedbed for entrepreneurs and businesses, offering a fertile ground enriched by its pro-business policies and strategic global […]
Singapore has a longstanding reputation as an economic hub in Southeast Asia. Ranked as the second-easiest place to do business globally by the World Bank, the tropical […]
Singapore has emerged as a global hub for businesses thanks to its legislative practices that align with international commerce policies, enticing companies to set up shop on […]
In today’s business world, the backbone of a thriving enterprise lies not just in the brilliance of its services or the innovation of its products, but equally […]
In the heart of Singapore’s dynamic business ecosystem, a medium-sized enterprise embarked on a journey of transformation, discovering the pivotal role that secretarial services play in modern […]
2023 is just more or less a month away from ending. For businesses, this means preparing to get busy during the year-end close. Year-end closing is the […]
Are you a foreigner looking to start a business in Singapore? If that’s the case, you’ll want to familiarise yourself with the concept of nominee directors. While […]
