Singapore, Singapore – April 26, 2017 – Being the busiest hub of Asia, Singapore thrives on great values like honesty, transparency and integrity. According to the Singapore Companies Act, all private limited companies in Singapore must have a minimum of one nominee shareholder who can either be an individual or a corporation.
Many start up and wing companies in Singapore hire nominee shareholder services for the purpose of confidentiality. Nominee shareholder overshadows the real owners by lending his name to the Register of Shareholders.
“In general, the owner of the company can become the shareholder of the company to abide and satisfy a few rules and regulations. But, they can also avail a nominee shareholder to satisfy the rules, if they wish to stay unidentified to the outside world,” commented the spokesperson of KC Ha Consulting Pte Ltd.
KC Ha Consulting Pte Ltd is the leading incorporation companies in Singapore providing high standard professional services in setting up a business firm to Singapore clients and foreign investors. They specialize in Singapore Company Registration Services, Immigration Services, Corporate Management Services and Virtual Office Services.
The spokesperson of KC Ha Consulting Pte Ltd also stated, “According to company act of Singapore, every private company should have one shareholder. It can be an individual or a corporation. The shareholder need not hold a Singapore citizenship, Permanent Resident, Employment Pass or Dependent Pass.”
He also listed the key points to be included in the nominee shareholder service agreement.
“The business owners should be provided a signed declaration of trust with respect to holding the shares to avoid any fraudulence. Also, the income and all capital gains from the incorporated company go to the owner alone. Yes, the nominee holder has no charge on profit percentage of the company.”
“Upon termination of the service from the company, the nominee shareholder is brought down from the position of legal owner of all shares that he held thus far,” added the spokesperson lastly.
About KC Ha Consulting Pte Ltd:
With over years of experience in the industry, KC Ha Consulting Pte Ltd has been specializing in offering Company Registration Services, Immigration Services, Corporate Management Services and Virtual Office Services.
Visit https://www.singapore-company-registration.net/ for more.
Company Name: KC Ha Consulting Pte Ltd
Contact Person: Sukhbir Singh
Phone: +65 6338 7856
Address:77 High Street, # 03-01 High Street Plaza