Accrafile provides you with very affordable Nominee Director Service, at a special discounted fee from S$150/month for a small foreign owned company in Singapore.
Accrafile provides you with very affordable Nominee Director Service, at a special discounted fee from S$150/month for a small foreign owned company in Singapore.
With more than 25 years of operational skills, corporate governance and business experience, our in-house director and team can provide you with advisory to help your business operate effectively in Singapore.
Over the years, we have dealt with many companies who require assistance on corporate restructuring with local and foreign entities. As such, if you want to have a team to support you to restructure your business, you can definitely count on us to provide you with solutions and recommendations.
Accrafile comprises of a team of locals (Singaporeans & PRs) running the business. If you have any matters with regards to licensing, entrepreneur pass, employment pass or any other local matters (i.e. housing, schooling, transport etc…), you will be receive a suitable advice and recommendations.
In addition to nominee director services, you will also be able to get access our team to support you with Accounting, Tax Planning & Advisory, Corporate Secretarial and HR/Payroll related services to ensure your business will always remain compliant with the relevant laws and regulations in Singapore.
Singapore Companies Act requires at least one local resident director for a Private Limited company.
If your company is 100% foreign owners, you must appoint a nominee director to fulfil this mandatory requirement of the Companies Act
The nominee director can be
and has a Singapore residential address.
Your Company’s directors and company secretary have legal responsibilities and accountable
Government insists that the nominee director who is a resident director be held accountable to all statutory requirements. Failure to comply with the statutory compliance is an offense that results in fines, penalty and prosecution.
You can engage our Nominee Director Service under the following conditions
Cases of foreign shareholders relocating their business, and disappear from Singapore without any overseas contact details.
You will be charge different nominee director fee and security deposit to compensate with different risk levels of your business. If you company falls under very high risk we will not be able to act as your nominee director.
Our risk level is manageable and our nominee director fee is from $1,800 a year.
GST-registered businesses are required to pay the GST one month after the end of the accounting quarterly GST F5 return. If the tax is not paid or is paid late, penalties will be charged. Directors including nominee director are responsible for this liability, if the company default its obligation to pay IRAS GST amounts.
Here the risk level is higher than normal to meet statutory
If the company failed to pay on time or not paying the employees’ Central Provident Fund accounts, the company will face fines, penalties and prosecution from the CPF Board. Directors including nominee director are responsible to settle all due amounts in full to CPF Employees accounts and any non-payment of salaries to its employees.
If the company external debts other than from related companies are significant, then the risk level as director is high.
Our nominee fee is subject to negotiation when the risk level is higher than normal.