
The first thing that you would probably ask is: What is a nominee director?
Each Singapore private limited company is actually required to have at least one director who is a Singapore resident to satisfy statutory requirements.
That is where the nominee director comes in. A nominee director’s role is to act as a director of a company, on behalf of the non-Singapore resident owner of that same company. The nominee director may also be authorized to sign official documents, reports, minutes and official documents, as may be agreed upon by the beneficial owner and the nominee director. Usually, a nominee director and the beneficial owner sign a legal agreement, indicating the terms of the nominee director’s services.
For foreign entrepreneurs, Sandhurst offers a nominee director service. A Sandhurst-appointed nominee director is guaranteed not to have any operational or financial interest in the beneficial owner’s company, such as contracts or banking matters. His role is solely limited to satisfying the statutory requirements of having a local resident director.
You may terminate Sandhurst’s nominee director service at any time. You can do this by providing us with details of your alternate local director. We will take care of the necessary filings for the change, and we will give you a refund of the security deposit.
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