Affordable High-Quality Nominee Director Services in Singapore

Singapore Companies Act mandated all the Companies in Singapore must have a local resident director. Appointing a Singapore Citizen or a Singapore Permanent Resident as Nominee Director can solve this issue. Once you hire a local nominee, you can act as a director or engage someone else from overseas. IMC provides high-quality affordable Nominee Director Services both for newly incorporated companies as well as the existing ones.

Affordable High-Quality Nominee Director Services in Singapore

Singapore Companies Act mandated all the Companies in Singapore must have a local resident director. Appointing a Singapore Citizen or a Singapore Permanent Resident as Nominee Director can solve this issue. Once you hire a local nominee, you can act as a director or engage someone else from overseas. IMC provides high-quality affordable Nominee Director Services both for newly incorporated companies as well as the existing ones.

Affordable High-Quality Nominee Director Services in Singapore

What is a Nominee Director (ND)?

If you are looking for a company set up in Singapore but do not have a local person (Singapore Citizen or Singapore PR) to act as a resident director of the new company, then you can appoint a person to act as a director for a fee.

There is no role of ND in the company’s operation and only appointed to comply with the regulatory requirements. If you do not have any plan to relocate to Singapore then you will need to have an ND for your company.

Why does your Company need a Nominee Director?

The Singapore government stipulates the regulation of ND for ensuring the company’s continued compliance with the country’s laws and enacts similar responsibilities on an ND as those imposed on a regular director. In case of any serious violation or non-compliance with the laws, a company can not just leave the country and remain answerable through the ND.

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Affordable High-Quality Nominee Director Services in Singapore

How can you hire a Nominee Director for your company?

The best way to hire a Nominee Director is through a corporate services provider.

Does hiring a Nominee Director to involve any risk for your company?

A nominee director as per law can not interfere with the company’s policies and decisions and is not a regular employee coming to the company every day and attending meetings. The ND can not take part in any business negotiations and pass decisions in any company meetings. The ND is only responsible for ongoing compliance with the laws while regular directors run the company.

Why should you engage a Corporate Services Provider for appointing a Nominee Director?

A Nominee Director’s authorities are limited however the responsibilities and liabilities are not. He/She can be liable for prosecution in the event of any non-compliance with the laws and regulations of Singapore. So it becomes crucial to engage a reputable corporate services provider to appoint the Nominee Director as the service provider besides appointing a professional local director can cap the powers of a nominee director through a service agreement. As an owner, you need to focus more on your business and should not unnecessarily worry about appointing a nominee local director. A service provider based in Singapore can offer you complete peace of mind.

Why choose IMC for hiring a Nominee Director?

You should choose IMC over other service providers due to the following

We carry out a complete and thorough background verification process for the Nominee Director
We ensure that the Nominee Director is prohibited from doing any acts deemed harmful for the company
We do not charge any security deposit
We are affordable and one of the most cost-competitive service providers
We offer packaged services and also provide business advice and suggestions as you may need from time to time

What are the Nominee Director services offered by IMC?

Our Nominee Director services include a standard annual service fee with no security deposit.

We also offer annual packaged services that include company secretary, registered address, tax filing, bookkeeping and accounting.

As both the Nominee Director and Company Secretary are responsible for regulatory compliance, a packaged service can ensure a better functionally aligned company.

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