Company Incorporation with Nominee Director for Foreign Individuals
As per Singapore’s Companies Act, all Singapore incorporated companies must have at least one resident director on their company’s board at all times, including at the date of incorporation.
For individuals who wish to start a company in Singapore but with no long terms plans to relocate here to run company operations, you need to:
- Appoint your own local resident contact as a director who you trust; OR
- Use Inctro’s nominee director service in order to fulfill the Singapore companies’ statutory requirement of a resident director. The use of such as service is stipulated under Section IXA of Singapore’s Companies Act
Requirements to Register a Singapore Company:
1 Local Resident Director
At least 1 Shareholder
1 Company Secretary
Minimum paid-up capital of S$1
A local registered office address
Appoint a Singapore resident director or engage our Nominee Director Service.
Package Includes:
- Incorporation of Singapore company
- Company Secretary
- Singapore Nominee Resident Director Service
- Registered Address
FAQ's
Classified as a person who is physically residing in Singapore and who has not been disqualified from holding a directorship. Local resident director role can only be held by a Singapore Citizen, Permanent Resident or a person holding the Entrepass work visa.
This role is strictly a non-executive role in companies, with no direct involvement and risks in the operational aspects of the business.
Since every director in Singapore has to abide by a general duty with regards to company compliance, the nominee director position name does carry a general responsibility and liability to the potential risks. Therefore, Inctro will take refundable deposits from our clients, and sign indemnity agreements.