The majority of our Clients request Healy Consultants to provide a resident director to fulfil Singapore company law requirements. Mr. Aidan Healy will act as the resident director of your company.
Under the Singapore Companies Act 1963, every Singaporean company must appoint a director who is resident in Singapore. The director can be a Singaporean citizen, a Singapore Permanent Resident (PR), a person who has been issued with an Entrepass/Approval-In-Principle letter/Dependant Pass;
There are no limits on the number of directors, but only individual directors are allowed as corporate directors are not permitted. Details of all shareholders and directors appear on the public Singapore companies register;
Should our Clients have difficulties finding a resident director of their own, Mr. Aidan Healy will act as their resident director to fulfil Singapore company law requirements. Our annual fee for a resident director in Singapore is US$3,500;
To ensure your assets are fully protected, Healy Consultants, as the resident director, will be neither a bank signatory nor play an active role in daily corporate activities;
The Singapore tax authority will communicate more openly with Healy Consultants if Aidan Healy is the resident director;
Our Clients must note that when appointing Healy Consultants as nominee resident director for their Singapore company, we will exclusively act purely as a passive director and will not sign company financial statements or company documents that have not been prepared by our in house legal and compliance department;
Should our Client require Mr. Aidan Healy or any other Healy Consultants employee acting as the Singapore nominee resident director to sign documents. An additional fee may apply due to legal, financial, reputational and litigation risk that the signatory may face;
Our standard Singapore nominee resident director fee is US$3,500 for low risk business activities. However, after careful review of corporate documents from our internal legal and compliance department, should we find the business activity conducted through our Clients’ company to be flagged as medium or high risk, Healy Consultants may charge a risk premium ranging from US$3,500 to US$10,000.