As per Singapore company laws, the responsibilities of a company director are quite onerous and therefore we have certain conditions that must be fulfilled in order for us to provide a nominee director service. Specifically,
- We would need to be satisfied with the credibility of company beneficiaries and may require additional information on a case-by-case basis. We are required to conduct our own due diligence process known as KYC (or “know your client”).
- We require you to sign a nominee director indemnity letter.
- In addition to our nominee director professional service fee, we require a refundable security deposit for the provision of this service.
Posted in: Corporate Services FAQs
