Have a great idea and want to start a business around it, but don't know how? Or are you a foreigner looking for a nominee director for your Singapore-based business? We can help!
Asia as the engine of the global economy, has always been a steady force in economic activity. The different economic hotspots within the region signal a different stage of development and growth for each country, with each having a distinctive regulatory and governance landscape. The process and time taken for company incorporation therefore varies among these countries in Asia.
Businesses expanding into or migrating to Asia, will require a versatile resource partner that is able to adapt to the changing business landscape, as well as adhering to the varying degrees of government protocol within the region.
In Singapore, despite being able to set up your own company through online government portals, the partnership with a professional corporate service provider would definitely enhance the speed and accuracy of the Singapore company incorporation process. Furthermore, the various legal framework from country to country necessitates the navigation of numerous laws and regulations that one would have to go through in the incorporation process, one which we can handle smoothly for you.
FOR FOREIGNERS LOOKING TO INCORPORATE
Are Work Passes Required?
For companies with Foreign Directors residing in Singapore, application for either an Entrepreneur Pass or Employment Pass is required.
Foreign Directors who do not reside in Singapore do not need to apply for any passes.
No Singaporean Director?
It is Mandatory for Private Limited Companies in Singapore to have at least one Director who is a Singaporean or PR.
However, if you don't have a Local Director, we can be appointed as your Nominee Director for a small fee (more information on Nominee Director found below)
RESPONSIBILITIES OF THE NOMINEE DIRECTOR
In the event that the foreign client is no longer reachable, the Nominee Director will be required to bear the company liquidation charges.
FOR OUR MUTUAL INTEREST: SECURITY DEPOSIT REQUIRED
Our Nominee Director Service is provided by reputable and trustworthy professionals. In order to safeguard their interests, we require that a security deposit of $2,000 be kept with us for as long as you employ our Nominee Director Service.
This security deposit is fully refundable upon termination of the Nominee Director Service.
Note that a higher fee for both the service and the security deposit may apply if your company falls under any of the following categories:
The annual turnover of the company is expected to exceed S$1 million*
The company has external debt.
The company has hired local staff in Singapore**
*Additional security deposit of $10,000 is required.
The Company will also need to register for GST if revenue is expected to be more than S$1 million.
**Additional security deposit of $2,000 per staff member is required.
US SANCTIONED COUNTRIES
Please be informed that we will not be able to act as your company Nominee Director should you be a citizen of, have connections with or be born in one ofthe countries under the US Sanctions list.
Should the aforementioned information be withheld and not disclosed to us, Fidelium reserves the right to forfeit your deposit and strike off your company upon discovery of such information.
NEED AN OFFICE ADDRESS BUT NOT A PHYSICAL OFFICE?
Starting your own business and trying to save on costs as much as possible? Prefer listing a corporate address in your business profile and websites, but don't need the office space?
For just $20/month, you can have a registered address and all the perks that come with it! Plus, free scanning and emailing of mail received to your email address for total convenience! Payable anually, our cost of just $240 per year is almost unbeatable.
Corporate Address: 400 Orchard Road #11-08 Singapore 238875