It is required under the law in Singapore that when incorporating a company, there must be at least one shareholder and one director. The director gets listed on the official company records and his/her name is used to officiate formal proceedings regarding the company. The director has to be a Singaporean citizen or someone who resides in Singapore.
If you intend to start a business in Singapore and you are a non-citizen, you will need to look for a local director. This is where nominee director services can help you. For a fee, you can nominate a director who will act under the express written instructions of the business owner. Although they may not have a say in your company’s decisions, they still have to act in compliance with relevant laws and regulations. By engaging a reputable nominee director in Singapore, you will assure that all of the statutory requirements can be effectively executed.
The Service is offered for statutory compliance only. The Nominee Director will not be involved in any day-to-day management, financial, or operational matters of the company. This means that the Nominee Director will not execute documents on behalf of the Company nor will the Nominee Director sign any personal guarantee relating to the indebtedness of the company.
You must appoint one or more other individuals (who can be foreign individual(s) including yourself) as the executive directors who will be responsible for running the company.