Need to Appoint a Nominee Director for your Company?
ProSec provides adaptable nominee director services to operating companies, ensuring you can manage your business seamlessly.
Packages for
Nominee Director
3rd Party Individuals
For clients seeking only a Local Director to fulfill the Company's Acts requirements.
Additional An additional $2,000 Security Deposit may be applicable.
$2,000 nett per annum
In-house Professionals
For clients requiring a Local Director to fulfill the requirements of Company's Acts and to receive supplementary business and compliance advisories.
An additional $2,000 Security Deposit may be applicable.
$3,800 nett per annum
FAQ
A nominee director assists foreign individuals or companies in incorporating a Singaporean company and fulfills the legal requirement of having at least one local director.
Our nominee director plays a passive role, refraining from involvement in your business operations. They do not possess authority or hold any bank signatory powers within the company.
However, they ensure the company's compliance with legal requirements and timely filing of annual returns.
This practice is in accordance with Part IXA of Singapore's Companies Act.
Upon appointment, our nominee director service includes a legally binding arrangement to protect you as a business owner and your company as a legal entity. ProSec, as a nominee director, remains detached from your business operations and lacks signatory authority in your bank transactions, legal decisions, or any other business-related choices you make.
As per the Companies Act, every Singaporean company is required to have at least one local director. If you lack a local presence, engaging a director from a professional firm is the simplest and most effective way to protect both yourself as a business owner and your company as a legal entity.
In Singapore's business landscape, it is a standard practice to collect a security deposit when offering nominee director services. Despite lacking official authority, a nominee director shares the same legal liability and can be held accountable for the company's legal violations.
At ProSec, we typically request an additional security deposit of S$2,000 for any nominee director services. This deposit is refundable once you no longer require our services.
However, if you choose to avail our secretarial and bookkeeping services together, we will waive the need for a security deposit. Serving as both your secretary and accountant, we ensure precise and timely execution of all your company's compliance activities. This comprehensive approach eliminates the necessity for additional safeguards like a deposit.