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by LeeBurrow
Mon, 22 Jun 2020 6:44 pm
Forum: Business in Singapore
Topic: Role of Nominee Director
Replies: 20
Views: 3396

Re: Role of Nominee Director

Thanks both of you, very informative.
by LeeBurrow
Fri, 19 Jun 2020 11:49 pm
Forum: Business in Singapore
Topic: Role of Nominee Director
Replies: 20
Views: 3396

Re: Role of Nominee Director

Thanks again. I would need to be director of the company so what you're saying about the taxation makes me weary too. I'm exploring my options simply, I want to (a) choose a place that has an infrastructure that would accept services like Stripe as means of payment/not frowned upon by commercial ban...
by LeeBurrow
Fri, 19 Jun 2020 8:02 pm
Forum: Business in Singapore
Topic: Role of Nominee Director
Replies: 20
Views: 3396

Re: Role of Nominee Director

Yeah it looks like from what I'm hearing that Singapore is Casablanca for non-resident foreigners, you don't know who to trust, and you can't be protected. It's unfortunate that some took advantage of the model. I'll look elsewhere...
by LeeBurrow
Fri, 19 Jun 2020 12:54 am
Forum: Business in Singapore
Topic: Role of Nominee Director
Replies: 20
Views: 3396

Re: Role of Nominee Director

Thanks a lot, I have just written a message, but the submission apparently didn't work. This is all very informative, could be use for reference for people with the same question in the future. What you're saying about section 172 is on the liability for the directors side. There are two dimensions:...
by LeeBurrow
Thu, 18 Jun 2020 11:09 pm
Forum: Business in Singapore
Topic: Role of Nominee Director
Replies: 20
Views: 3396

Re: Role of Nominee Director

I think the outbound link don't work here. It was a document from (apparently) Rivkin that said: " The nominee is a director of a company in name only and has no authority or responsibilities. They are not entitled to enter into any business contracts, financial or moral obligations. He will be give...
by LeeBurrow
Thu, 18 Jun 2020 10:58 pm
Forum: Business in Singapore
Topic: Role of Nominee Director
Replies: 20
Views: 3396

Re: Role of Nominee Director

Thanks for this. My company is going to be an online education business, there's no intention of doing anything illegal. My goal is to protect myself and my business against local directors that may "screw my business" as you say, and I am very happy to contractually accept anything that would prote...
by LeeBurrow
Thu, 18 Jun 2020 10:28 pm
Forum: Business in Singapore
Topic: Role of Nominee Director
Replies: 20
Views: 3396

Role of Nominee Director

Hi all! I'm planning to incorporate a company in Singapore as a foreign non-resident. Singapore feels like the logical place to incorporate because I spend a lot of time there, but travel mostly around the world while I work. The business climate looks friendly enough, low tax rates, low bureaucracy...

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