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does director and secretary must have salary?

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does director and secretary must have salary?

Postby putorcall » Mon, 03 Feb 2014 6:43 am

I just incorporated a pte ltd with my wife, who served as director and I'm the secretary. we are also the only share holders of the company.

do we need to pay us any salary or director's fee?
do we need to contribute our CPF?

if there's a salary needed for either of us, what's the minimum required wages.

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Strong Eagle
Posts: 11202
Joined: Sat, 10 Jul 2004
Location: Off The Red Dot

Postby Strong Eagle » Mon, 03 Feb 2014 7:07 am

No, no salary required. Also, director's fees are not subject to CPF but any salary paid to a director or secretary will be subject to CPF.

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