Nominee Directorship

Every company that is registered in Singapore must have at least one resident director (i.e. the usual place of residence of the director is in Singapore), who is either a Singapore Citizen, Singapore Permanent Resident or a holderof an Employment Pass or Entrepreneur Pass.

Both residents and foreigners can be appointed as directors providedthey fulfill the following requirements:

  • The individual is a natural person. Corporate directors are not permitted.
  • The individual is at least 18 years old.

Directors owe statutory and fiduciary duties to the company and are expected to act in the way that best serves the company’s interest. They have broad powers of managing the business and determining the strategic directionof a company.

If you intend to incorporate a company in Singapore but do not fulfil the requirement of having a local resident director for the new company, Ascent can offer the nominee director service to the company. The nominee directoris appointed simply to satisfy the regulatory requirements and will not get involved in any management, financial or operational matters of the company. A nominee director agreement will be drawn up between the nominee director and the individual who wish to use the service.