Nominee Director services in Singapore

Yes, it is mandatory to have at least one resident Director at any point of time and this role can be fulfilled by a Nominee Director. Upon obtaining Employment Pass approval and completing all formalities, you have the option to serve as the sole resident Director and the Nominee Director can resign. This flexibility ensures compliance with regulatory requirements while facilitating a seamless transition for foreigners who are interested in an Employment Pass.

Initially, a Nominee Director may be appointed to meet statutory requirements, especially if all directors are foreign residents without the necessary work passes. Once the company is operational and has local resident directors who meet the residency criteria, the Nominee Director can be removed.

A resident director in Singapore is required to ensure compliance with local laws, facilitate accessibility for official matters, and maintain accountability. They play a vital role in representing the company locally, always staying abreast of the business environment, and keeping operations running smoothly. This requirement is mandated by the Companies Act to uphold corporate integrity and government oversight within the country.

A Nominee Director is essential for overseeing the Company's adherence to regulatory and legal standards, despite limited operational authority. While their powers are constrained in day-to-day management, their accountability is comprehensive. In the event of breach of law, Nominee Directors can face prosecution. This underscores their pivotal role in ensuring the Company's compliance with all legal and regulatory obligations.

Our Nominee Director service comes with the Company Secretary in a package. The Secretary ensures that your company meets the required standards by ensuring compliance. This package eliminates the need for additional insurances such as a deposit and allows you to keep your costs down. You only have to pay for the service itself with Osome.