Company Director

Company Directors

A company director is a natural person (i.e. company or business entities cannot be appointed as a director) that oversees the overall operations of the company.

In Singapore, as mandated by the Accounting and Corporate Regulatory Authority (ACRA) and The Companies’ Act, all companies must appoint a local resident director. This person must be a Singaporean, a Permanent resident of Singapore or a person who holds an Employment Pass/EntrePass with a residential address in Singapore (subjected to approval by the Ministry of Manpower).

As long as this requirement is fulfilled, other non-local directors can be appointed. There is no limit on the number of additional local or foreign directors a Singapore Private Limited Company can appoint. Information of the directors will appear on public records. Directors can also be shareholders or vice versa.

Duties of a Company Director

A director is the person in charge of managing the affairs of the company. He must make decisions objectively and in the best interests of the company.

FAQ

What are the requirements to be a Director?

  • - At least 18 years old;
  • - Of full legal capacity;
  • - Cannot be disqualified from acting as a director of a company e.g. an undischarged bankrupt.

What can I do if I do not have a local director?

If you do not have a local director, you can choose to engage a nominee director service when you incorporate with us.

A nominee director functions as the director of a company for meeting the legal requirement to own a local director. The nominee director acts passively and his/her position in the company is limited.

Can a Singaporean PR be a local director?

Yes, a Singaporean Permanent Resident (PR) can be a local director of the company.

Can a Work-pass holder be a local director director?

Holders of existing Singapore work passes can act as the local director of the company. However, there are a few requirements that they will have to fulfill in order to do so:
1) The holder will need to inform the Singapore Ministry of Manpower (MOM) and receive a Letter of Consent (LOC)
2) The holder will also need to inform their current employer of their intention to become a local director. This is because by law, their existing work pass only allows them to be in the employment of the company which the work-pass is applied under.

For more information regarding work passes, you may check with MOM here.

 

When will a director of a company be disqualified?

There are several ways in which a director of a company can be disqualified.  Once a person is disqualified, he will not be allowed to be a director or take part in the management of any local or foreign company unless he seeks permission from the High Court or Official Assignee, if applicable.

Common reasons include:

1. Bankruptcy
2. By order of the court
3.Convicted of an offence involving fraud or dishonesty, that is punishable with imprisonment for 3 months or more.
4. Company being wound up for reasons involving national security or national interest

If the disqualified director is the only local director of the company, the company must appoint a new local director as soon as possible. It is mandatory for all private limited companies in Singapore to have at least 1 local director appointed.

 

Basic Requirements for
Singapore Company Registration

Lionsworld
Once you fulfill the above criteria, you can proceed to incorporate your Singapore company.


Incorporation Package

Same Price for Foreigners & Locals

S$795 only – No Hidden Fees!

  • Processing and Filing Fees – S$180
  • Government Fees – S$315
  • 50% OFF 1st Year Secretarial Service – S$300
  • FREE Co-sharing Lounge and Business Clubhouse usage for 3 months from incorporation (worth S$165)
  • FREE usage of Conference & Meeting Room for 3 months from incorporation (4 hours/month, worth S$200)
  • FREE due diligence of up to 2 local officers (worth S$200)
  • FREE Share Certificates
  • FREE Company Profile
  • FREE assistance for bank account opening with a bank of your choice
  • FREE Memorandum & Articles of Associations
  • FREE First Director’s Minutes
  • FREE E-Certificate of Incorporation
  • FREE Attestations and Witnessing

How to use our service:

If you are in Singapore

Simply come to our office with the NRICs/passports of all the directors and shareholders or fill in the online form here and we will get back to you shortly

 

If you are Overseas

Click here to submit the required information and we will get back to you shortly.

Why Choose Lionsworld?

As an established Incorporation service provider since 1982, we are able to assist you in your incorporation process and make it smooth and fuss free.

Singapore is well-recognized as a global business hub and is an excellent choice for aspiring entrepreneurs to start their business ventures. At Lionsworld, you will receive complete assistance at every step of the process of establishing a business entity in Singapore. Our comprehensive Singapore Incorporation services help you set up and establish your company in the most cost effective and efficient manner.

Lionsworld helps you decide on your ideal business vehicle

Let us advise you on the ideal business structure for your business. Let us help you assess the scale of your business plan and operation structure before recommending to you the best structure to carry out your business as well as the relevant licenses and permits your business may require.

*Government fees not included. Clients also required to take up 1-year secretarial service, provided at 50% OFF.
**Additional Charges (If applicable)

  • The package fee covers 2 persons for incorporation. Each additional person will be charged at $50.
  • A fee of $50.00 will be charged for each Corporate Shareholder.
  • A fee of $30.00 will be charged for any change in company’s name after reservation.
  • A fee of $60.00 will be charged for conversion from Business to Pte. Ltd. Company.
  • Payment by Credit Cards or NETS will be subjected to additional processing charges payable to government.
  • Package does not include customized M&AA or different Capital Structure

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