Every company in Singapore is required to have at least one local director. If this requirement is stopping you from expanding your business in Singapore, please talk to us. We have suitable candidates that could help you with just that. There is a common misperception that nominee director does nothing and take his pay every year. That is both unfair and untrue.
Nominee directors or local directors share the same amount of risk or more as the foreign directors that you appoint to run your company. When the Company breaches any of the law of Singapore, our nominee director will be the first to answer for such breaches. Some of the offences may have been committed unknowingly but nominee directors are still answerable for that breach.
If you were to ask what are you really paying? You are paying for a professional who answers to the authority on you behalf when something happens and of course it is the law of Singapore that requires at least one director must be local. Email or call us to know more about our nominee directors.