To incorporate a company in Singapore, Companies Act requires a local resident director. You will need to appoint a trusted contact or engage our nominee director to satisfy the act requirements.
Company Setup RequirementsMinimum 1 Shareholder + 1 Resident Director + 1 Company SecretaryMinimum paid-up capital of S$1A local registered office addressSingapore Nominee DirectorThe Singapore Companies Act requires all Singapore Private Limited companies to have at least one individual director who has to be an ‘ordinarily’ resident of Singapore. A Singapore resident can be one of the following: Singapore CitizenSingapore Permanent ResidentSingapore Employment Pass/EntrePass/Dependant Pass holder If you do not have a local Singapore resident director to meet the requirement of the Singapore Companies Act, you can engage our Nominee Director Service. We will provide you with a local Nominee Director for your company provided the followings conditions are met: The service is offered for statutory compliance only. The Nominee Director will not be involved in any management, financial, or operational matters of the company.You must appoint one or more individuals (normally the company shareholders) to be the directors that are responsible for running the company operations.You must satisfy our initial and ongoing KYC requirements.Execute our Nominee Director Indemnity Agreement. We will also require a refundable security deposit for the provision of the Nominee Director Service. The service can be terminated any time at your convenience. You, however, must appoint a new Singapore resident director to meet the statutory requirement.Note: Security Deposit is in addition to the Service Fees. The security deposit is refundable and it is held for the duration of the service. It will be refunded to you upon termination of the Nominee Director Service.
Required Registration Documents
For Directors/Shareholders:Copy of NRIC/FIN/Passport personal page of Directors/ShareholdersCompleted/signed KYC FormBank Reference LetterProof of Address (e.g. bank statement, utility bill not older than 3 months)
For Corporate Shareholders:Copy of the Certificate of Incorporation of the holding companyCopy of business profile "Extract" of the holding companyCopy of passport personal page of Parent Company's representative who will be signing the incorporation documents
for more detailed information you can visit http://www.rikvin.com/incorporation/singapore-company-registration-nominee-director/
Singapore Business Article by Rikvin
Singapore Company Registration or Apply for a Singapore Entrepass
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Tuesday, 06 April 2010 22:32
Singapore Company Setup with Nominee Director ServiceWritten by John Media
If you are a foreign individual who wish to incorporate a company and do not need to relocate to Singapore to run your company operations, you must do the following:
Published in Business Skills
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