In light of the Corporate Service Providers (CSP) Act 2024 and heightened regulatory oversight by ACRA, foreign-owned companies require more than a statutory local director. We provide premium Nominee Director services designed to ensure ongoing compliance, transparency, and responsible corporate governance.
Mandatory Monthly Bookkeeping
Security Deposit
Corporate Secretary Appointment
Full Transparency
In the current regulatory environment, "hands-off" directorship is a major compliance risk. We bridge the gap between your operational freedom and Singapore's strict transparency laws.
In today’s evolving regulatory landscape, choosing a Corporate Service Provider (CSP) is about more than administration—it’s about managing risk. With the CSP Act raising governance standards in Singapore, we go beyond services to deliver true peace of mind.
We are a Registered Filing Agent (RFA) officially recognised by ACRA.
Our team consists of Qualified Individuals (QI) who possess a deep-seated understanding of the Singapore Companies Act and the latest Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) frameworks.
We don't believe in "shell" companies. To protect your business and our Nominee Directors, we mandate a model of Substantive Presence.
By managing your accounting, tax, and physical registered address in-house, we ensure your company maintains a clean record that local banks (DBS, OCBC, UOB) and regulators respect.
While we utilise modern cloud-based accounting and secretarial software for speed and accuracy, we remain a boutique firm at heart. You aren't just a file number to us; you have a dedicated compliance partner who understands your business goals and ensures your legal foundation is unshakeable.
We adhere strictly to the CSP Act requirements, including:
Rigorous KYC/Onboarding: Protecting the integrity of the Singapore business registry.
Continuous Monitoring: Ensuring all statutory books and registers are perpetually audit-ready.
Proactive Reporting: Keeping you ahead of IRAS and ACRA deadlines to eliminate late-filing penalties.
Under the Singapore Companies Act, every company must have at least one director who is "ordinarily resident" in Singapore. If you are a foreigner living overseas and do not have a local partner or an Employment Pass (EP), you must appoint a Nominee Director to satisfy this legal requirement.
No. Our Nominee Director acts in a non-executive capacity. They do not participate in your daily operations, have read-only viewer access to your bank accounts, and cannot make commercial decisions. Their role is strictly limited to ensuring the company meets its statutory and regulatory obligations with ACRA and IRAS.
Yes. While our Nominee Director is not an authorised signatory (meaning they cannot move, transfer, or spend your funds), they are granted read-only/viewer access to all corporate bank accounts. This is a mandatory requirement of our service agreement to comply with the CSP Act.
This oversight allows the director to:
Verify that the company's financial activities match the declared business nature.
Perform mandatory AML (Anti-Money Laundering) monitoring.
Ensure that accounting records accurately reflect bank transactions for statutory filings.
Protect the company from being flagged by authorities for suspicious activity.
The security deposit (typically 3,000) is a standard industry practice. It protects the Nominee Director against potential personal liabilities and costs, such as:
Legal fees if the company is involved in a lawsuit.
Costs of striking off the company if the owners become uncontactable.
Unpaid statutory fines or taxes. This deposit is 100% refundable upon the termination of our service.
In 2026, major local banks (DBS, OCBC, UOB) have high standards for "Economic Substance." While we provide the registered address and director, banks usually require proof of a physical nexus, such as a plan to hire local staff or evidence of Singapore-based customers. We assist with the documentation, but a physical office presence greatly increases your success rate.
Under the CSP Act, a Nominee Director bears significant risk if the company's records are poorly managed. By handling your accounting and tax in-house, we ensure that:
Your books comply with Singapore Financial Reporting Standards (SFRS).
All tax filings are accurate and on time.
We can monitor the company’s "fit and proper" status as required by our CSP license.
As your Nominee Director, we are legally responsible for the company's compliance. If a deadline is missed due to a lack of cooperation from the beneficial owner, we reserve the right to resign immediately and, in persistent cases, initiate a strike-off of the company to protect our regulatory standing.
While the Nominee Director’s status is listed on the public ACRA Business Profile, the details of the "Nominator" (the true owner) are kept in a Private Register. This information is only accessible to regulatory authorities like ACRA, IRAS, and law enforcement; it is not available for public inspection.
If you need assistance with accounting services in Singapore, our team is ready to help. Reach out to Acrafile with any questions or support you need, we’re here to guide you.
