What makes running your business through nominee director Singapore such a good option is that you get a chance to operate your business with virtually no legal complications at all. This is because all that you really need to get started is to complete an application form for registration with the designated local statutory bodies. Once this is done, you are automatically qualified as a nominee director, regardless of whether your company is registered with them or not. You will be given the authority to manage your company affairs in the same way that a Singapore SIA certificate holder is allowed to, while being entirely protected by the statutory laws of the land. This is what makes running your business through nominee director Singapore such a safe option.
Here Is A Method That Is Helping Nominee Directors And Permanent Resident Registered Companies – What You Need To Know
Nomination Director Singapore is a fascinating concept in a country where the business community is highly concentrated around the major shipping lanes. This type of business registration is completely legal and has to comply with all the laws of Singapore, which makes running your company entirely transparent and therefore free from any kind of hidden dangers. The general attitude of the local population towards foreigners in this area is very warm and friendly; however, there have been umpteen instances in the past where unsuspecting foreign directors have fallen foul of local authorities for some reason or the other. Indeed, it’s also very likely that Singapore authorities will seek out the offending foreign owners and directors and, if found, make sure they are legally prosecuted to the full extent of the law.
The statutory immunity provided by the law on business registration makes running your company through nominee director Singapore such a safe option, regardless of whether your company is registered with the SARs or not. However, with the changes that have taken place in the Law Society rules in the wake of the recent scandals, many non-Singaporean companies have found that their chances of getting their businesses registration approved are pretty low. Therefore, it may well be time to look at other options like an established permanent resident Singaporean company that has its address registered with the Land & Islands Registry.