General terms & conditions

 

Provision of Local director

Non-executive director

The Companies Act requires all Singapore Private Limited Companies to include a minimum of one resident director (a resident being defined as a Singapore citizen, a Singaporean Permanent Resident, or a person whose normal place of residence is Singapore).

If you do not intend to relocate to Singapore, Piloto Asia will offer nominee directorship service for statutory compliance purpose. Please note that the role of nominee director is non-executive, which means we will not execute any documents on behalf of your company.

As part of our internal policy, we abide by the following policies to ensure ACRA's requirement on customer due diligence is properly conducted:

  • Hold a security deposit in trust
  • Background check on all company directors, with an aim to identify and verify the identity of the ultimate beneficial owner
  • Identify and verify customers and agents through reliable and independent documents, data, or information
  • Ensure presence of two foreign directors in the company, during the nominee director’s tenure

Please take note of the following requirements before we could render you our nominee director service:

  • Satisfy our internal KYC requirements
  • Provide a refundable security deposit
  • Appoint at least two foreign directors
  • Execute our Director Indemnity Letter
  • Use our corporate secretarial & registered address services
  • Use our monthly bookkeeping & annual accounting services
  • Be contactable. If we are unable to get in touch with you for three months, we will initiate a strike-off process for your company


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