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Among all the stakeholders of a Singapore company, the local director is considered the most essential as this role governs the company’s direction. A local director also ensures that the company is in compliance with Singapore laws. These are just one of the many responsibilities that a local director is tasked to do.
While company owners already know that a local director is a requirement upon company incorporation in Singapore, the exact number of local directors that they must appoint remains unclear to them. This is what we are going to resolve in this article.
The Singapore Companies Act states that a Singapore company must appoint at least one local director. The law also mandates that the local director must be:
An ordinarily resident of Singapore is a person who is a Singapore citizen or permanent resident or Entrepreneur Pass (EntrePass), Dependent Pass (with Letter of Consent), or Employment Pass (EP) holder. However, EP holders must acquire a Letter of Consent (LOC) from the Ministry of Manpower (MOM) first before being eligible for the local directorship.
Business owners who struggle with finding a local director for their companies may seek help from us here at Epica Consulting Pte Ltd. We can provide you with a Nominee Director service to assist you in meeting this statutory requirement. If applicable, you may be appointed as the foreign director.
To answer the question, the Singapore Companies Act does not mention a minimum or maximum number of directors for Singapore companies. Nevertheless, since the act has mentioned to appoint at least one director, the minimum requirement for the role technically becomes one. On the other hand, the maximum number of directors is typically indicated in the company constitution.
If the company has only one director, then he or she cannot take the role of a company secretary.
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