Opening a company in Singapore requires a local national or resident to carry out certain procedures related to the company formation process. Usually, the nominee agent is the one making sure the company registration procedure in Singapore goes as required by the law and in accordance with the requirements of the Accounting and Corporate Regulatory Authority. The nominee agent is a person or a company appointed by the owner of a company to handle the incorporation process of a company in Singapore. In certain cases, the Singapore nominee agent can also fulfill custodian roles related to holding securities or other assets on behalf of a beneficial owner.
Our company registration agents can assist foreign investors who want to open companies in Singapore.
Who can be a nominee agent in Singapore?
As mentioned above, both individuals and companies can fulfill the role of nominee agent in Singapore. Individuals must meet the following criteria in order to become Singapore nominee agents:
- – they must be at least 18 of age;
- – foreign citizens must have a Singapore residence or work permit;
- – they must have the required qualifications request by the General Insurance Association in Singapore.
The last requirement applies to individuals offering nominee agent services related to the custody of securities. Also, Singapore companies acting as custodian nominee agents must have a minimum share capital of 25,000 SGD. It is important to know that the Singapore nominee agent will not be involved in the management of the company.
Nominee agent services available in Singapore
Our Singapore company formation specialists offer nominee agent services to foreign investors interested in establishing any type of company in the city-state. Among the nominee agent services we provide are:
- – filing the company incorporation documents with ACRA;
- – tax and GST registration with the Singapore tax authorities;
- – maintaining contact with other state institutions.
Apart from the nominee agent services, you can also rely on us for nominee shareholder, director and secretary services.
For complete nominee and company incorporation solutions, do not hesitate to contact company formation representatives. We can also assist any foreign investors who would like to open a company in Singapore.