NOMINEE SERVICES

    What? 
    Who Need this? 
    How to find the right one? 
    Responsibility
    Expected
    Involvement


FAQ


1. What is nominee service? 
    Nominee service is required during company registration in Singapore to satisfy a minimum of one resident director. 
    
Directors.  
A minimum of one resident director (a resident is defined as a Singapore Citizen, a Singaporean Permanent 
Resident, or a person who has been issued an EntrePass, Employment Pass, or Dependent Pass) 
is mandatory. There is no limit on the number of additional local or foreign directors a Singapore Company can 
appoint. Directors must be at least 18 years of age and must not be bankrupt or convicted for any malpractice 
in the past. There is no requirement for the directors to also be shareholders,  i.e. non-shareholders can be 
appointed directors.


2. Who needs nominee services? 
    Foreign companies who do not have a local resident director need to engage nominee services. 
    You are exempted from nominee services when you satisfy one of the following:
        1. one of your non-Singaporean director are willing to relocate and getting either EntrePass, Employment Pass, or Dependent Pass.
        2. one of your director is a local resident of Singapore, that is Singapore Citizen and Singaporean Permanent Resident. 


3. How to find the right nominee? 
    Professionalism is the key factor when finding a right nominee. You need to appoint professional firm with expertise and dedicated in
    handling 
your business matters.  


4. What is the responsibility of a nominee? 
    Many people know that nominee services will satisfy one resident director to incorporate a company in Singapore. 
    Many have undermine the importance of nominee services. 
    
    A nominee is also required to sign important corporate documents pertaining to Annual General Meeting and other important docs required
    by 
the law.  
    You need a professional to advise you on the related matters and keep the confidentiality of your company. 
     

5. What to expect from nominee? 
    A nominee is expected to show professionalism and accuracy in their works as required by the law. 


6. How nominee will involve in company operation? 
    Nominee will not involve in the daily company operation but administrative part of the company that required their services. 


7. How long does it take to get nominee service? 
    The whole process will take about 1 hour to 24 hours to complete. 

8. How the process going to be look like? 
    Once you engaged us as a nominee, you are required to fill out minimum paperwork and submit certain document. 
    After that, you may proceed with payment and get our nominee services. 


9. What do I need to know about nominee service? 
    Nominee service is important for a company who expect to have professional handling, maintain confidentiality, and
    abide with the law.


10. How nominee will benefit my company? 
      More and more people realize that nominee will benefit the company by ensuring them to follow all Government rules. 
      As a result, nominee with accounting, tax, and corporate law are preferable. They can give advise and provide money
      saving for your business.

      You are out of the spotlight, out of public eye, and out of the monitoring of your business competitors because your personal details are  
      not 
readily available to anyone. Nominee service can be your cover up from being known to the public that you are the real person
      managing the 
business. 

      You do not need to deal with advertising and marketing calls ever again because your name and contact information are not listed. 


12. What are the considerations for foreigner registering a Singapore company? 
     Foreigners wishing to open a Singapore company, must take into consideration the following points:
  • You must engage a professional firm to register a Singapore company. Singapore law does not allow foreign 
    individuals or entities to self-register a company.
  • There is no requirement for you to obtain any special Singapore visa if you merely want to incorporate a private 
    limited company but have no plans to relocate to Singapore. You are free to operate your company from overseas 
    as well as free to visit Singapore on a visitor visa whenever required to attend to company matters on a short-term 
    basis. But keep in mind that in such cases, you will need to find a local resident director since each company must 
    have at least one local director. Professional service firms offering Singapore incorporation services often offer the 
    services of a local nominee director for this purpose.
  • If you plan to relocate to Singapore to operate your company, you are required to obtain an Employment Pass or 
    Entrepreneur Pass type of work pass. Once you have obtained your work permit, you can act as the local resident 
    director of your company.
  • All Singapore company incorporation formalities (as well as work permit formalities, if applicable) can be handled 
    without your having to visit Singapore. The only exception may be opening a bank account, depending upon the 
    bank you choose.