The Companies Act requires that each company must appoint one Singapore resident director. If you are based overseas and do not have a local director, you can appoint an indpendent Resident Local Director to satisfy this statutory requirement.
This service is typically provided on a short-term or annual basis:
- If you do not intend to relocate to Singapore, you would need a resident director on an annual basis.
- If you are relocating and intend to apply for an employment pass, you may only require a resident director temporarily. When you eventually receive your employment pass, the director can resign and you are able to take over as the local resident director.