The fee of a Singapore nominee director will vary on the basis of multiple factors such as the education and experience of the nominee director, the business activity of the company, the tenure of the appointment, and the extent of risk exposure by the company.
As of 2025 March, the fee for a Singapore nominee director would be between SGD 800 and SGD 5,000 annually, while corporate service costs would typically range from SGD 2,000 to SGD 3,500 yearly. Others may charge only SGD 800 for basic services, whereas others may be anywhere between SGD 5,000 and more for businesses that are more complex in nature or with a higher risk profile, such as companies within regulated industries.
It should further be noted that hiring a nominee director purely for the sake of meeting the legal requirement of having a local director in Singapore is not advisable. New legislative developments, such as the Corporate Service Providers Bill, have emphasized the merit of quality nominee directors in helping combat money laundering and ensure conformity with Singapore’s regulatory regime. Therefore, choosing a nominee director with skill sets and relevant experience is essential to assist the company to thrive and attain the level of due diligence.