{"id":1353,"date":"2019-08-30T12:23:38","date_gmt":"2019-08-30T04:23:38","guid":{"rendered":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/timcole.com.sg\/?page_id=1353"},"modified":"2026-02-03T16:46:35","modified_gmt":"2026-02-03T08:46:35","slug":"appointing-a-nominee-director","status":"publish","type":"page","link":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/timcole.com.sg\/appointing-a-nominee-director\/","title":{"rendered":"Appointing a Nominee Director"},"content":{"rendered":"

[vc_row][vc_column][vc_single_image image=”1108″ img_size=”full” alignment=”center”][vc_custom_heading text=”Why Do I Need To Appoint a Nominee Director?” font_container=”tag:h1|font_size:36|text_align:left|line_height:1.3″ use_theme_fonts=”yes”]

<\/div>[vc_column_text]Singapore is an attractive country for investments. As a foreign investor, you are required to have at least one local\u00a0director<\/a> who is a permanent resident or citizen of Singapore.[\/vc_column_text][vc_column_text]Fee Guideline for Nominee Director Services<\/strong><\/p>\n\n\n\n\n
<\/td>\nFee (SGD)<\/strong><\/td>\n<\/tr>\n
Nominee Director Services<\/td>\n$2,200 to $2,400 Per Annum (+ $2000 Security Deposit)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

[\/vc_column_text]

<\/div>[\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=”Who is a Nominee Director?” font_container=”tag:h2|font_size:24|text_align:left|line_height:1.3″ google_fonts=”font_family:Lato%3A100%2C100italic%2C300%2C300italic%2Cregular%2Citalic%2C700%2C700italic%2C900%2C900italic|font_style:700%20bold%20regular%3A700%3Anormal”]
<\/div>[vc_column_text]As a shareholder, a stakeholder or even a creditor to an organization, you may nominate someone to represent your interests on a company\u2019s board. The nominee director can also play as the head of your company in Singapore. This happens when you are unreachable and not a resident of Singapore. The person you will have appointed is called a nominee director and must be a resident of Singapore.<\/p>\n

The nominee director you appoint needs to possess qualities such as competency, trust and a good reputation. Your stake at the company and the company are influenced by making such a selection. A good choice yields positive results and a negative yields negative results for the company and your stake.<\/p>\n

As a non-resident stakeholder in Singapore, you are required to appoint a nominee director. The appointment is conforming to the provisions of the Singapore Companies Act on private limited companies<\/a> in Singapore. These companies are required to appoint a minimum of one director(s) who is a Singapore resident.[\/vc_column_text]

<\/div>[\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=”Qualifications of a Resident of Singapore” font_container=”tag:h2|font_size:24|text_align:left|line_height:1.3″ google_fonts=”font_family:Lato%3A100%2C100italic%2C300%2C300italic%2Cregular%2Citalic%2C700%2C700italic%2C900%2C900italic|font_style:700%20bold%20regular%3A700%3Anormal”]
<\/div>[vc_column_text]You will be recognized as a Singapore resident if:<\/p>\n