Hire a nominee director in Singapore so you can continue growing your business from anywhere in the world.
Not physically present in Singapore for your business?
According to the Singapore Companies Act, every registered company in Singapore must appoint one local director.
Furthermore, the Act requires every foreign business owner or foreign entity in the country to employ a Singaporean citizen or permanent resident of Singapore to hold a nominee director role.
At Gateway of Asia, our nominee director services make business easy for you.
With our knowledge of the regulatory requirements by Singapore law, your company in Singapore will flourish.
That’s the Gateway of Asia promise.
So, if you’re a foreigner who wants to incorporate your business in Singapore but does not necessarily want to relocate your company operations, why not utilize our nominee director service?
Appoint a nominee director for your company now!
What Are Nominee Directors/Resident Directors?
In simpler terms, a nominee director is an individual that has a permanent registered address in Singapore who holds a director role in a company.
This individual can be a Singapore citizen, a permanent resident of Singapore or a Singapore employment pass holder.
It is a non-executive role, so you remain in control of the affairs of the company.
For a non-Singaporean resident to carry out company incorporation in the country, the Singapore Companies Act requires them to employ a Singaporean resident for the local resident director role in the board of company directors.
What is the Singapore Companies Act?
The Singapore Companies Act was first established in 1967, with further amendments in 2014 and 2017.
Every company in Singapore is subject to this Companies Act as it oversees all business operations from incorporation to management.
In other words, Singapore’s company act is the corporate regulatory authority within the country.
Some of the requirements and obligations all companies in Singapore must take include:
- displaying company registration numbers in all business letters
- financial and account statements in accordance with the prescribed accounting standards by the Accounting Corporate Regulatory Authority (ACRA)
- the employment of a Singapore resident to hold the local director role.
Non-compliance to the Companies Act can set many company owners in Singapore in a dire financial state.
Companies found to be non-compliant may face a hefty fine of SGD$100,000 and offenders may also be imprisoned for up to 3 years if charged with intent to defraud.
At Gateway of Asia, we worry about all that, for you.
We take care of regular business tasks so you can achieve the spectacular.
Contact us now to learn more about what we can do together.
The Benefits of Nominee Director Services
Super flexible in terms of cost and time
Waiting for your work visa to be approved in Singapore?
Not planning to relocate to Singapore but still want to carry out your company incorporation here?
Appointing a nominee director is a good idea to get your business up and running while you are preoccupied or simply don’t wish to relocate to Singapore.
With a local director, you can speed up the company registration process while ensuring legal compliance with Singapore’s Companies Act and ACRA.
If you’re a foreigner, finding a trusted nominee director for your Singapore company may prove difficult.
We understand that the issues your company faces are unique.
That’s why our nominee director services are bespoke.
All you need to do is schedule an appointment with us.
Together, we can lift your company to be one of the best in Singapore.
Our nominee director services terms can be based on:
Short term (3 months)
If you are applying for an employment pass, you will need our nominee director service on a temporary basis.
Once your employment pass is approved, you will be able to take over as the local resident director.
Long term (6 months)
We also provide a 6-month term.
This is also a temporary service and will be tailored to your company’s exact needs.
If you are not relocating to Singapore, you will need our nominee director service on an annual basis.
Not to worry, our nominee director will have none of the financial, operational or management responsibilities of the company.
Ensure strict compliance with the law
A nominee director is strictly there to ensure statutory compliance to the Singapore Companies Act.
This nominee director does not have an active, permanent role within the company’s business operations and does not have a direct influence in making management, financial and operational decisions within the company.
You may wonder: “So why can’t I just hire a local friend to take on the nominee director role?”
Nominee directors still require experience with local laws, as they can still be prosecuted if found breaching the law.
Therefore it is extremely important to hire a nominee director in Singapore that is knowledgeable and experienced with Singapore’s legal requirements.
Gateway of Asia ensures compliance of your company with the law, without you needing to lift a finger.
Our flexible nominee director services can be short term or long term.
We ensure that both you and the nominee director are aware of the responsibilities and boundaries of the role and remain strictly in compliance with Singapore’s labour laws.
Outsource your Nominee Director with Gateway of Asia
Staying on top of Singapore’s laws while running a business can be hard.
But it doesn’t need to be.
With Gateway of Asia’s nominee director services, your company remains compliant with Singapore’s Companies Act.
Our experienced resident directors are well versed with the standards set by Singapore.
Perfection is hard to achieve, but Gateway of Asia comes pretty close to it.
At Gateway of Asia, our resident director package is bespoke.
Our tailored service ensures that your nominee director in Singapore is someone you can work with seamlessly.
This allows you to pick what best suits your business needs.
We take pride in being a quality service provider to our clients that ensures we’re available anytime, anywhere when you need it.
When you appoint a resident director from Gateway of Asia, you can have peace of mind knowing that your company is in accordance with good corporate governance practices.
We have the knowledge of Singapore requirements to meet the regulatory demands and the experience of dealing with different structures.
Our expertise. Your company. A match made in business heaven.
Need professional advisory solutions about hiring a nominee director in Singapore?
Contact us now!