Foreigners that want to Incorporate a Singapore Company and are not Singapore resident may need a Nominee Director to be appointed. In Singapore the requirements for to be a Company Director are

• Every Company must have at least one director who is locally resident in Singappore
• A company director must be 18 years old, possess full legal capacity, Be  a Singapore Citizen, Singapore permanent resident, Entrepass or employement pass (EP) holder
• Not be an undiscarded bankrupt or other be disqualified from acting as a director of a company
• Foreign Identification Number (FIN) holders must check with authorities on their eligibility to act as a director and employment pass holders need Ministry of Manpower Consent before they can accept an appointment as a director.

In such cases Ezee Pte. Ltd. can assist with sourcing a Nominee Director in Singapore for a annual fee. 

A Director has many responsibilities in relation to the Singapore Companies Act as well as those prescribed by ACRA the Accounting and Corporate Regulatory Authority in Singapore. For Financial Reporting, a director is required to ensure that financial statements presented at the annual general meeting comply with Accounting Standards issued by the Accounting Standards Council as well as give a true and fir view of the financial position and performance of the company. Therefore directors must exercise due care and diligence in the performance of their duties to review the financial statements. Directors should financially literate or be sufficiently trained to understand the financial statements presented. Another responsibility is to ensure that any senior management appointed to run the company are knowledgeable, competent, experienced and that the right level of integrity for their roles.