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A nominee director is a person appointed to represent another person or group of persons. Under the Companies Act in Singapore, the duties of a nominee director are exactly the same as those of a de facto director. Like a de facto director, a nominee director is fully responsible for the affairs of the Company.
For foreigners who want to open a business in Singapore, but do not have the status of a resident of the country, we offer a service of nominee director.
RSBU launched in Singapore in 2013 and over the years has helped thousands of companies with their legal and business needs.
info@rsbu.sg
info@rsbu.sg
Signing an agreement on the rights and obligations of a nominee director
(Nominee Director Agreement)
Compliance with the necessary legal requirements
Signing of bank forms and necessary documents for opening bank accounts in Singapore
Signing necessary forms and resolutions for timely submission of financial and tax returns for the Company.
Signing a non-disclosure agreement
(Non-disclosure Agreement)
Signing of constituent documents on the company
(form 45, Director's declaration, Board resolutions, Share certificates)
At the same time, you should not expect the nominee director to be actively involved in the company's operations. The standard package of duties of a nominee director includes the following services:
What are the responsibilities of a nominee director:
Our services:
We offer a full range of nominee director services in Singapore, including mandatory annual services, one-time and monthly agency services.
STANDARD
No limit on the number of companies
BUSINESS
No more than 15 companies
PREMIUM
No more than 5 companies
VIP
Just for your company
Annual maintenance:
For your convenience, we have prepared annual nominee director packages that are a prerequisite for the registration and existence of your company in Singapore. In the packages you get proven nominee directors with a limited number of companies registered to them, which increases your chances of opening a bank account in Singapore, as well as minimizes your risks:
STANDARD
No limit on the number of companies
BUSINESS
No more than 15 companies
PREMIUM
No more than 5 companies
VIP
Just for your company
One-time services:
If the list of services in the standard packages is not enough for you or the service you need is not on the list of annual services, you can always supplement your annual services package with one-time services of a nominee director:
* In order to protect the interests of the Nominee Director, personal data is provided directly to the organizations concerned
Learn more and compare what's included in the packages.
Learn more and compare what's included in the packages.
Click to see the full list of services.
STANDARD
1250$
10 hours
BUSINESS
1600$
25 hours
PREMIUM
2500$
40 hours
VIP
3700$
100 hours
Agency services:
If you need your nominee director to serve as a real company employee on an ongoing basis, we can offer you monthly agency services in addition to annual services.
STANDARD
10 hours
BUSINESS
25 hours
PREMIUM
40 hours
VIP
100 hours
All of our directors are fully vetted for criminal records and violations of the law
We limit the number of companies on one director, which maximizes your chances of opening a bank account and keeps you out of other possible problems
We do not use "serial" nominee directors
We take on your legal defense with the nominee director
We take care of all matters with your nominee director
We ensure uninterrupted operation of all corporate services of the company
Do you need help?
If you need assistance, RSBS is here to help you with all aspects of company incorporation, accounting and financial reporting, work and long term visas, business partner searches and comprehensive support for your business in Singapore.
RSBS is a licensed registrar and corporate services provider headquartered in Singapore. Started operating in Singapore in 2013 and over the years has helped thousands of companies from Russia and CIS countries with their legal and business needs.
RSBS is a licensed registrar and corporate services provider headquartered in Singapore. Started operating in Singapore in 2013 and over the years has helped thousands of companies from Russia and CIS countries with their legal and business needs.
We have dealt with this topic in more detail in our videos:
Data for a group of companies
Customers
Full range of business services in Singapore
On the Singapore market
Since 2013
We speak your language
12 years
Why us?
Testimonials from our customers
We have been cooperating with RSBS since the creation of our company, namely since 2017. This is a team of professionals who can be trusted with tasks of various complexity, from company registration to assistance in some aspects of business. I am grateful and glad for our partnership!
Dmitry Malakhovsky
Director & Co-Founder, Ecoway Technologies Pte.Ltd.
Anastasia Oleinik
Prima Music Pte Ltd
RASA expresses its sincere gratitude to RSBU. Our cooperation began in 2019 with the registration of the company and continues to the present day.
During the period of our cooperation, RSBU representatives have shown high professionalism and efficiency in performing the designated tasks. We receive constant support in the ongoing financial and organizational processes of the company. We are very satisfied with our cooperation with RSBU and we certainly recommend this company as your reliable and trusted partner.
During the period of our cooperation, RSBU representatives have shown high professionalism and efficiency in performing the designated tasks. We receive constant support in the ongoing financial and organizational processes of the company. We are very satisfied with our cooperation with RSBU and we certainly recommend this company as your reliable and trusted partner.
Tatiana Meshkova
I used the services of RSBU in order to open my own company in Singapore. Good service. The consultants actively answer questions and respond quickly if problems arise. Especially valuable is the fact that even after successfully opening a company, the consultants give advice on documentation and doing business in Asia.
I recommend it!
I recommend it!
RASA Pte Ltd
We have been cooperating with RSBS since the creation of our company, namely since 2017. This is a team of professionals who can be trusted with tasks of various complexity, from company registration to assistance in some aspects of business. I am grateful and glad for our partnership!
Dmitry Malakhovsky
Director & Co-Founder, Ecoway Technologies Pte.Ltd.
Anastasia Oleinik
Prima Music Pte Ltd
RASA expresses its sincere gratitude to RSBU. Our cooperation began in 2019 with the registration of the company and continues to the present day.
During the period of our cooperation, RSBU representatives have shown high professionalism and efficiency in performing the designated tasks. We receive constant support in the ongoing financial and organizational processes of the company. We are very satisfied with our cooperation with RSBU and we certainly recommend this company as your reliable and trusted partner.
During the period of our cooperation, RSBU representatives have shown high professionalism and efficiency in performing the designated tasks. We receive constant support in the ongoing financial and organizational processes of the company. We are very satisfied with our cooperation with RSBU and we certainly recommend this company as your reliable and trusted partner.
Tatiana Meshkova
I used the services of RSBU in order to open my own company in Singapore. Good service. The consultants actively answer questions and respond quickly if problems arise. Especially valuable is the fact that even after successfully opening a company, the consultants give advice on documentation and doing business in Asia.
I recommend it!
I recommend it!
Сотрудничаем с РСБС с момента создания нашей компании, а именно с 2017 года. Это команда профессионалов, которым можно доверить задачи разной сложности, начиная от регистрации компании и заканчивая помощью в некоторых аспектах деятельности. Благодарен и рад нашему партнерству!
Малаховский Дмитрий
Директор & Соучредитель
Ecoway Technologies Pte.Ltd.
Ecoway Technologies Pte.Ltd.
RASA Pte Ltd
Seafood International Trade Pte Ltd would like to thank RSBU for their long-term and fruitful cooperation. We have been customers of RSBU since its incorporation and RSBU has established itself as a task-oriented and result-oriented company.
Olga
Seafood International Trade Pte. Ltd.
Maxim R.
Wowlink Pte. Ltd.
Working with RSBU leaves only positive impressions in the memory. The team stays in touch even during holidays and off hours.
Our business is quite specific, requiring licensing, legal expertise and we get help from RSBU on all these matters. What to say about the basic needs of opening a company and accounts, everything is at the highest level here.
Our business is quite specific, requiring licensing, legal expertise and we get help from RSBU on all these matters. What to say about the basic needs of opening a company and accounts, everything is at the highest level here.
Vitaly Isayev
We registered a Private Limited Company in 2020 with RSBU. The RSBU team worked perfectly, the documents were prepared professionally, the registration of the company and the opening of the bank account went smoothly.
RSBU also provided our company with a nominee director, an official address, and helped us keep the books. We are very pleased with the quality of service, responsiveness and professionalism of the RSBU staff. You can see that the company and team are constantly improving and enhancing the quality of services provided. Thank you very much for your work!
RSBU also provided our company with a nominee director, an official address, and helped us keep the books. We are very pleased with the quality of service, responsiveness and professionalism of the RSBU staff. You can see that the company and team are constantly improving and enhancing the quality of services provided. Thank you very much for your work!
Сотрудничаем с РСБС с момента создания нашей компании, а именно с 2017 года. Это команда профессионалов, которым можно доверить задачи разной сложности, начиная от регистрации компании и заканчивая помощью в некоторых аспектах деятельности. Благодарен и рад нашему партнерству!
Малаховский Дмитрий
Директор & Соучредитель
Ecoway Technologies Pte.Ltd.
Ecoway Technologies Pte.Ltd.
Spacefox Pte Ltd.
Seafood International Trade Pte Ltd would like to thank RSBU for their long-term and fruitful cooperation. We have been customers of RSBU since its incorporation and RSBU has established itself as a task-oriented and result-oriented company.
Olga
Seafood International Trade Pte. Ltd.
Maxim R.
Wowlink Pte. Ltd.
Working with RSBU leaves only positive impressions in the memory. The team stays in touch even during holidays and off hours.
Our business is quite specific, requiring licensing, legal expertise and we get help from RSBU on all these matters. What to say about the basic needs of opening a company and accounts, everything is at the highest level here.
Our business is quite specific, requiring licensing, legal expertise and we get help from RSBU on all these matters. What to say about the basic needs of opening a company and accounts, everything is at the highest level here.
Vitaly Isayev
We registered a Private Limited Company in 2020 with RSBU. The RSBU team worked perfectly, the documents were prepared professionally, the registration of the company and the opening of the bank account went smoothly.
RSBU also provided our company with a nominee director, an official address, and helped us keep the books. We are very pleased with the quality of service, responsiveness and professionalism of the RSBU staff. You can see that the company and team are constantly improving and enhancing the quality of services provided. Thank you very much for your work!
RSBU also provided our company with a nominee director, an official address, and helped us keep the books. We are very pleased with the quality of service, responsiveness and professionalism of the RSBU staff. You can see that the company and team are constantly improving and enhancing the quality of services provided. Thank you very much for your work!
Сотрудничаем с РСБС с момента создания нашей компании, а именно с 2017 года. Это команда профессионалов, которым можно доверить задачи разной сложности, начиная от регистрации компании и заканчивая помощью в некоторых аспектах деятельности. Благодарен и рад нашему партнерству!
Малаховский Дмитрий
Директор & Соучредитель
Ecoway Technologies Pte.Ltd.
Ecoway Technologies Pte.Ltd.
Spacefox Pte Ltd.
Frequently Asked Questions (FAQ)
According to the requirements of the Singapore Companies Act, it is mandatory to have at least one resident director in the company. The local director must have the following resident statuses: Singapore citizen, PR (permanent resident) and address in Singapore.
A nominee director is a person appointed to represent another person or group of persons. In Singapore, under the Companies Act, the duties of a nominee director are exactly the same as those of an actual director. Before the Act, the Nominee Director is responsible for all matters relating to the day-to-day operation and performance of the Company's obligations and is criminally and administratively liable for the operation of the Company.
The standard package of duties of a nominee director includes the following items:
- Signing the package of company registration documents (form 45, Director's declaration, Board resolutions, Share certificates)
- Signing of agreement on non-disclosure of information (Non-disclosure Agreement)
- Signing of the agreement on rights and obligations of a nominee director (Nominee Director Agreement)
- Signing of the forms and resolutions necessary for the timely filing of financial and tax declarations on the Company.
- Fulfillment of necessary legal requirements
- Signing of banking forms and necessary documents for opening bank accounts of the company in Singapore.
In addition to the mandatory items, there is a list of additional items where you may need the assistance of a nominee director.
These items are not included in the standard service package and are discussed and paid for separately:
These items are not included in the standard service package and are discussed and paid for separately:
- Personal visit to the bank with the client to open a corporate bank account
- Signing of bank forms and necessary documents for opening company bank accounts outside of Singapore
- Signing Power of Attorney and Declaration of Trust
- Providing personal data and signing documents for license registration
- Providing personal data and signing documents to connect payment systems
- Signing contracts on behalf of the company inside and outside Singapore
- Dealing with banks and government agencies in Singapore
- Representing the Company in Singapore (agency services)
Like an actual director, a nominee director bears full responsibility for the Company's activities, including financial, administrative and criminal responsibility.
A deposit is taken to cover potential expenses of a nominee director in cases where the company does not file its financial statements, does not hold an Annual Meeting of Shareholders, or the owner of the company simply disappears.
The deposit can also be used to partially cover legal and court costs if the client's company has committed serious violations of the law and lawsuits have been brought against the nominee director.
Learn more: https://www.rsbu.org/biznes-v-singapure/1373-otvetstvennost-nominalnogo-direktora-kompanii-v-singapure.html
A deposit is taken to cover potential expenses of a nominee director in cases where the company does not file its financial statements, does not hold an Annual Meeting of Shareholders, or the owner of the company simply disappears.
The deposit can also be used to partially cover legal and court costs if the client's company has committed serious violations of the law and lawsuits have been brought against the nominee director.
Learn more: https://www.rsbu.org/biznes-v-singapure/1373-otvetstvennost-nominalnogo-direktora-kompanii-v-singapure.html
The deposit is refunded in the following cases:
- Receipt by shareholder/director of the company of Work visa and refusal to use the services of a nominee director
- Replacing our nominee director with your
- Closure of the company
The low cost of a nominee director's services always has serious consequences. The proverb "the miser pays twice" is perfectly applicable to nominee directors - for a low cost, you get a "serial" local director, who has dozens and sometimes hundreds of companies on his books.
For a low cost, you will almost certainly get a "serial" local director.
What risks this entails:
What risks this entails:
- Low chances of opening a bank account in Singapore: Singapore banks have an unspoken "threshold" of a maximum of 15 companies per local director, after reaching which no bank in Singapore will not open a bank account for your company.
- Risks associated with the activities of a nominee director: if at least one of the companies registered to your local director has serious problems with the law (suspicion of suspicious financial transactions or money laundering, bankruptcy, lawsuits, etc.) it may lead to problems for all companies registered to this director, up to the fan closure of bank accounts. The fewer companies registered to one director, the lower the risks that this can happen to your company.
"Serial" nominee director or a director with unlimited registration may be right for you in the following basic cases:
- If you do not plan to open a bank account in Singapore.
- If you plan to open an account with one of the payment systems.
Whether the nominee director will have access to your bank account depends solely on your decision. By default, we open a bank account in which the nominee director is not a signatory on the account, so he cannot dispose of the bank account.
Bank account
from 500 $
Singapore is one of the largest financial centers in the world. There are more than 200 banks, including 111 commercial banks providing a wide range of banking services.
Employment Pass in Singapore
1200 $
Employment Pass (EP) - is a Singapore work visa intended for highly qualified foreign professionals and executives working in Singapore with appropriate qualifications and a salary of at least SGD 4,500 (~3,355 USD) per month for all companies and at least SGD 5,000 (~3,650 USD) for the financial sector.
Singapore Work Permit (LOC)
800 $
Letter of Consent (LOC)
is an official work permit from the Singapore Ministry of Labor for Dependant Pass holders who are owners of a business registered in Singapore, and LTVP/LTVP+ who are spouses or unmarried children of Singapore citizens and permanent residents.
is an official work permit from the Singapore Ministry of Labor for Dependant Pass holders who are owners of a business registered in Singapore, and LTVP/LTVP+ who are spouses or unmarried children of Singapore citizens and permanent residents.
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