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We would like to incorporate a company in Singapore but we do not meet the local director requirements

Is it still possible to open a company in Singapore?

There are several options you may consider.

  • If you plan to relocate to Singapore, you can act as the local director subject to approval of your Entrepreneur Pass or Employment Pass.
  • Alternatively, you can use nominee director service from a professional services company in order to satisfy the local director requirement.
  • You may also chose to appoint a local employee or someone you know in Singapore and who is willing to act as the local director.

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What are they typical terms for providing a nominee director service?

The responsibilities of a company director are rather onerous and therefore we usually require that certain conditions are met before we offer this service, such as:

  • Credibility of company beneficiaries
  • Sign a nominee director indemnity letter
  • Provide a refundable security deposit