Seamless Singapore Company Incorporation: Your Trusted Nominee Director Partner
Navigating Singapore's Local Director Requirement: A Critical Step for Foreign Businesses
For foreign entrepreneurs and businesses looking to establish a presence in Singapore, a key regulatory hurdle is the requirement to appoint at least one local resident director for company incorporation. Without this, your incorporation process cannot proceed, potentially delaying your market entry and growth plans.
FACFO provides a reliable and compliant solution. Our Nominee Director service fulfills this mandatory ACRA requirement, allowing you to confidently proceed with your company setup. We act as your non-executive local resident director, ensuring all legal and regulatory obligations are met without operational involvement in your business.
What is a Nominee Director? Your Compliance Partner
Legal & Regulatory Responsibilities
The Nominee Director holds legal and regulatory responsibilities as per the Companies Act, ensuring the company adheres to all statutory obligations.
Non-Operational Involvement
Crucially, a Nominee Director has no operational involvement in the day-to-day management, decision-making, or financial activities of your company. Their role is strictly to meet the residency requirement.
Compliance Assurance
They ensure the company remains compliant with ACRA's regulations, acting as a safeguard against non-compliance.
Reliable Compliance & Peace of Mind with FACFO
Guaranteed ACRA Compliance
Fulfill the mandatory local resident director requirement effortlessly, ensuring your company's legal standing in Singapore.
Expert & Trustworthy Appointment
Benefit from a professional, reliable Nominee Director who understands their legal and regulatory duties.
Focus on Your Business
Delegate this critical compliance task to us, freeing you to concentrate on your core operations and strategic growth.
Seamless Incorporation
Expedite your company setup process by quickly meeting the local director prerequisite.
Risk Mitigation
Avoid potential penalties or delays associated with non-compliance with Singapore's company laws.
Transparent & Professional Service
Experience a clear, straightforward process with no hidden complexities.
Integrated Solutions
Easily combine Nominee Director services with our other offerings like corporate secretarial and accounting for a holistic compliance package.
Your Path to Compliance: Our Meticulous Appointment Process
01
Initial Consultation & Needs Assessment
We begin with a free consultation to understand your company’s structure and specific requirements for a Nominee Director.
02
Due Diligence & KYC
We conduct thorough Know-Your-Client (KYC) checks and due diligence on your company and its beneficial owners, a crucial step to mitigate risks and ensure compliance.
03
Service Agreement & Documentation
Once approved, we prepare a comprehensive service agreement outlining the terms, responsibilities, and duration of the Nominee Director appointment.
04
Appointment & ACRA Filing
Our Nominee Director is formally appointed, and all necessary documents are meticulously prepared and filed with ACRA to complete your company incorporation or update.
05
Ongoing Compliance Support
We ensure the Nominee Director’s ongoing compliance with all statutory obligations, providing you with peace of mind.
The FACFO Difference: Expertise, Reliability, and Integrated Solutions
Deep Local Regulatory Knowledge
Active and up-to-date expertise in Singapore's Companies Act and ACRA's requirements for directors.
Rigorous Due Diligence
Our robust internal processes ensure thorough vetting, mitigating risks for both your company and our Nominee Director.
Trusted & Professional Nominee
We provide a reliable and experienced individual to fulfill the statutory role with integrity.
Seamless Integration
Easily combine Nominee Director services with our corporate secretarial, accounting, and tax services for a comprehensive compliance ecosystem.
Client-Centric Approach
We prioritize clear communication and a smooth, efficient process, allowing you to focus on your business.
Scalable Support
Our services are designed to support your business from incorporation through growth, adapting to evolving needs.
Transparent Terms
Clear agreements outlining the scope and responsibilities, ensuring full understanding and trust.
Transparent Pricing for Your Nominee Director Service
FACFO offers competitive and transparent pricing for our Nominee Director services, designed to provide value and ensure compliance for your business.
Our Standard Annual Nominee Director Service Includes:
- Appointment of a local resident Nominee Director to satisfy ACRA's requirements.
- Fulfillment of all legal and regulatory responsibilities by the Nominee Director (non-operational).
- Ongoing compliance oversight for the Nominee Director role.
Annual Fee:
S$ 2,250 / year
Important Considerations:
- Risk Mitigation Requirement:To ensure robust financial oversight and mitigate risks, clients requiring a Nominee Director are typically required to also sign up for FACFO's Corporate Secretarial and Bookkeeping Services. This integrated approach ensures comprehensive compliance and accurate financial management, similar to industry best practices.
- Flexible Terms:We also offer 3 and 6-month terms for temporary Nominee Director needs. Please inquire for details.
- Custom Solutions:For complex structures or specific requirements, we can tailor a package to suit your needs.
Your Nominee Director Questions, Answered
Who needs a Nominee Director in Singapore?
Any company incorporated in Singapore must have at least one director who is ordinarily resident in Singapore. If all your directors are foreign residents, you will need to appoint a Nominee Director to meet this statutory requirement.
What are the responsibilities of a Nominee Director?
Nominee Director holds legal and regulatory responsibilities under the Companies Act, ensuring the company complies with all statutory obligations. However, they have no operational involvement in the company’s day-to-day management or business decisions.
For how long do I need a Nominee Director?
You need a Nominee Director for as long as your company does not have a local resident director. This can be an ongoing annual service, or for shorter terms (e.g., 3 or 6 months) if you anticipate appointing your own local director in the near future.
What are the risks a Nominee Director would face?
While a Nominee Director has no operational role, they still carry legal liabilities as a director. FACFO mitigates these risks through stringent due diligence, clear service agreements, and often requires clients to engage our corporate secretarial and accounting services to ensure robust compliance and financial oversight.
Can the Nominee Director be involved in my company's operations?
No, the Nominee Director’s role is strictly non-executive and for compliance purposes only. They do not participate in operational decisions, management, or financial activities of your company
What happens if I find my own local director later?
If you find a suitable local resident director, FACFO can facilitate the smooth transition and resignation of our Nominee Director, ensuring all ACRA filings are correctly processed.