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YiKai Advisory

Nominee Director

Reliable Nominee Director Services in Singapore

Yi Kai Advisory offers Nominee Director services for foreigners setting up businesses in Singapore.

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Who is a Nominee Director and why do you need one?

  • Foreigners registering a Singapore company require a local resident director.
  • This director, known as the ‘Nominee Director’, fulfills legal and regulatory obligations.
  • The Nominee Director does not participate in operational activities.

Trustworthy Nominee Director Services

  • Yi Kai Advisory provides dependable Nominee Director Services for businesses incorporating through our platform.
  • Service periods available: 3 months, 6 months, or 12 months.
  • Alternatively, place a deposit. (refundable upon replacing the Nominee Director).

FAQs

Here are some common questions we receive from our customers.
If you have any additional questions, please don’t hesitate to contact us.

Who needs a Nominee director in Singapore?

Your company can have multiple directors, but at least one must be local. If you don’t have someone suitable, you can hire a nominee director. For instance, you can have two directors initially: yourself and the nominee director. If you’re applying for an Employment Pass through your new company, the nominee service can suffice during the waiting period (approximately 6 months). Afterward, you can continue as the sole director.

What are common activities that a Nominee Director typically will not perform?

  • Sign any document imposing personal liability
  • Sign tenancy agreements
  • Sign employment contracts
  • Sign letters of undertaking
  • Provide document authentication
  • Act as sole signatory for bank account opening
  • Assume financial responsibility for bank account or online payment account assistance
  • Fulfill unlawful requests

For how long do you need a Nominee Director?

While you have the flexibility to appoint multiple directors, at least one must be a resident director as per legal requirements in Singapore. Consider hiring a Nominee Director to fulfill this obligation. Initially, you can start with two directors—yourself and the Nominee. The Nominee Director plays a temporary role until you secure an Employment Pass, usually within about 6 months. Afterward, you can proceed as the sole director of the company.

What are the risks a Nominee Director would face?

Engaging a Nominee Director is legally permitted under Part IXA of Singapore’s Companies Act, ensuring compliance with regulatory requirements. It’s crucial to note that a Nominee Director is strictly prohibited from participating in your company’s decision-making process. While their authority is limited, they retain liability for any legal violations the company may incur.