It is required under the law in Singapore that when incorporating a company, there must be at least one shareholder and one director. The director gets listed on the official company records and his/her name is used to officiate formal proceedings regarding the company. The director has to be a Singaporean citizen or someone who resides in Singapore.
Thus, in some cases, appointing a director becomes a challenge. Nominee director services allow you to appoint a director in a name for your company, and you can arrange it such that the nominee director holds no decision-making powers in the company. Thereafter, you can appoint your own executive directors to manage the company.
Nominee director services in Singapore come in handy when one is considering forming a company and wish to remain anonymous. There are a number of reputable firms that provide local director services and consulting them when in need of such services can be a great source of help. When you engage nominee director services, the company can use the local director’s registered office as an address if necessary and gives access to a range of other services that can only be performed when there is a director. Even with the engagement of local director services, the business owner still gets to retain complete control over the company.
If you intend to start a business in Singapore and you are a non-citizen, then you will also need to look for a local director. This is where nominee director services can help you. For a fee, you can nominate a director who will act under the express written instructions of the business owner. There are limits to the tasks that can be executed by the nominee director, so the emphasis should be put on engaging a nominee director who has a vast understanding of the required services.
Finding reputable nominee director services in Singapore is quite critical considering the level of tasks that they are to engage in. Although they may not have a say in your company’s decisions, they still have to act in compliance with the law for the interests of the company. By engaging a reputable nominee director in Singapore, you can be assured that all of the statutory requirements that companies are required can be effectively executed.
There are legal formalities that should be met when looking for local director services. When in need of nominee director services in Singapore, ensure that you work with a reputable firm that has the capability of undertaking the necessary legal formalities in a timely and effective way. Such a firm can help non-citizens seek trusted nominee directors, and handle all the necessary processes like incorporation, tax filing, and accounting. Onestop Assurance is a reputable company that provides a wide range of professional services in Singapore for reasonable fees.
Here at Onestop Assurance, you can receive help in appointing a nominee director for your company. Our professional services ensure an efficient and hassle-free process, so you can get your business up and running in the shortest possible time. Gain peace of mind to handle your company’s primary activities when you leave the task of sourcing for reliable nominee directors to us. If you are in need of other professional services, we also offer secretarial services, accounting, auditing, and more, for a one-stop solution.