Understanding the Requirement of a Local Resident Director in Singapore
In accordance to the Singapore Companies Act (Cap 50), all local companies are required to have a local resident director at any point of time in the company. A local resident will be an individual who is a Singapore PR or Citizen with a valid Singapore based residential address. The minimum number of directors required is one. The maximum number of directors will usually be stated in the company’s Articles.
A company must have at least one director who is ordinarily resident in Singapore.
Being “ordinarily resident in Singapore” means the director’s usual place of residence is in Singapore. A Singapore Citizen, Singapore Permanent Resident, an EntrePass holder or an Employment Pass holder issued with such a pass to work in the company concerned and who has a local residential address can be accepted as a person who is ordinarily resident here.
Solutions for Foreign Directors Without a Local Resident Director
As a foreign director looking to incorporate your Singapore based company, we can offer you the following solutions if you don’t have a local resident director to place on your board:
| Temporary Nominee Director | Permanent Nominee Director |
|---|---|
| Allocated to companies with foreign directors looking to secure their Singapore work visa | Appointment will be quarterly, 3 months, and extendable depending on the outcome of your work visa application |
| Nominee director need not hold shares nor be an authorised signatory for your bank account | Allocated to companies with foreign directors not needing their Singapore work visa |
| Appointment will be annual, 12 months, and extendable | |
| Nominee director need not hold shares nor be an authorised signatory for your bank account |
