Nominee Director

A foreigner can’t set-up a company in Singapore without a local/nominee director. At HeySara, we offer flexible nominee director services to operating companies so that you can run your business at ease.

Enquire Now

What Is Nominee Director?

A nominee director helps foreign individuals or foreign companies in the incorporation of a Singapore company, and function as a company director merely to meet the legal requirement of having at least 1 local director.

Our nominee director will act passively and will not be involved in the operations of your business. He will NOT possess any authority power and hold any bank signatory authorities within the company as well. Nevertheless, our Nominee Director will ensure that the company’s compliance with the legal requirement as well as ensuring that the annual returns of the company are filed on a timely manner.

Nominee director is an acceptable practice according to Part IXA of Singapore’s Companies Act.

Our service as a nominee director will be appointed with a legal written arrangement to safeguard you as a business owner and your company as a legal entity. HeySara, as a nominee director, will be excluded from your business operations and will have no signatory authority in your bank transactions, legal decisions, or any other business decisions you make.

Do we need any security deposit?

It is a common industry standard in Singapore to take a security deposit when providing nominee director services. This is because although a nominee director lacks authority, the same liability applies and can still be prosecuted for the company’s breaches of the law.

At HeySara, we will normally require an additional security deposit of S$2,000 for any nominee director services. This security deposit will be refundable back to you, once you no longer requires our services.

Nevertheless, we will waive-off the need of security deposit if you engage our secretarial and book-keeping services altogether. Our role as a secretary and your accountant will ensure that all compliance activities of your company are being performed accurately and in time. As such, no additional insurances such as a deposit is required.

Our fees

We charge our clients an addordable fee of S$2,000 per year for Nominee Director services. If you would like to apply for Employment Pass, so that you could qualify for being the local director yourself, we can offer our nominee director service on a half-yearly basis at S$1,200 per half year.

Start Your Company with HeySara

Our online incorporation package includes corporate secretary, registered address and nominee director so that you can spend less time on administration and more time on your business.

Check Our Online Incorporation Package

FAQ

According to the Companies Act, all Singapore companies must have at least one local director. If you do not have any one locally, hiring one from a professional firm is the easiest and can safeguard you as a business owner and your company as a legal entity.

Foreigners who are starting a business in Singapore and intending to relocate here can apply for a Employment Pass (EP). Upon receiving an EP, you would be able to appoint yourself as the ‘local’ director. Thus, you may have the convenience and elect to use our local nominee director services during your EP application process. We are able to provide short term services at a pro-rated fees.

To learn more on HeySara’s work pass applications, click here.

Have More Questions? Ask Sara Now

Other Services You May Need

Get a Free Consultation Now

Get a Callback
 
Chat with Us Now