A nominee director is
appointed and works under the supervision of the director. A nominee director
represents the interests of the main director in their absence. A nominee
director can either be appointed by the shareholder himself or the creditors or
any other stakeholders. Having a nominee director has several advantages and
the best thing is that now you can hire nominee director services from
reliable sources.
But, before digging
deeper, you must know why you need to hire a nominee director.
audit company |
- the citizenship of Singapore
- PR of Singapore
- Singapore employment pass
2 A
nominee director, if a PR of Singapore has the authority to meet all the legal
requirements on behalf of the company. So, if you are an entrepreneur and looking
to oversee your business in Singapore, you can hire a nominee director.
While
going through the incorporation process, you will need to open a company bank
account and to deal with the whole process, the director has to be present or
you can send a nominee director instead. If your company may need certain
registrations, such as obtaining specific licenses or registering the tax
report. In such cases, a nominee director will save both your time and money.
Yes, hiring nominee
directors have certain risks too, such as
- In your absence, the nominee the director will have complete power over your company.
- A nominee director has the
authority to make certain strategic decisions, which could either be
related to company operation or management.
- It is very important to know about
the company before hiring them for such crucial services.
How should you hire an audit firm in Singapore?
To get accurate and
transparent financial reports, several companies in Singapore are hiring audit
firms. According to the rules of Singapore, each company has to submit flawless
financial reports annually. Today almost every business entities regardless of
their size and turnovers are hiring audit company Singapore.
But as finance is a very delicate part of your business, you cannot just anybody with it.
No, don’t worry as in
this article; we are going to share a few ideas to choose an audit company in
Singapore accordingly.
The audit firm must have positive reviews
This the first and most
important step to choose the best audit firm in Singapore. You can ask your
associate company owners about it or you could read some reviews on Google.
Both are very beneficial as a reference from a known person means they had a
good experience with the company and public review will help you to see all the pros and cons.
They must understand your business
The tax rules may vary
according to the nature of the revenue of your business, an audit must have
all the knowledge about different taxes and they should be up to date with the
changing rules as well.
Past experience
Make sure that the audit
company has dealt with the companies that are in the same business as you are.
It will be reassuring to know that you haven’t hired someone just by the
reviews but their sheer talent.
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