Do you want to run your business from outside Singapore? Or, do you want to be able to operate your company anonymously without your name showing up on the company registry? If yes, then you should consider hiring nominee director services.
Choosing Nominee Director Services
A nominee director is a person who can stand in your place to act as the company director. They work as per your orders are only there to officially take the position of the director.
Nominee Director Service is a business service offered by Corporate Service Providers, who send their accounting professionals to act as nominee directors in other companies. Owing to how important they are, you should look for secure, reliable and cost-effective solutions.
Here are the things you should look for while hiring nominee director services in Singapore.
Someone That Knows Your Business
There are two ways to look at it. One, you can hire a person who has already worked in your field. On the other hand, you can go for someone who has understood Singapore’s business culture in depth, for example, Chai Chung Hoong.
Since the nominee director must always be professional, you should look for someone proven and knowledgeable. At the same time, they should know your mindset, products, services, motivation, industry, and so on. Make sure they fully understand your area of operations.
Chai Chung Hoong as a professional has been working in Singapore’s business sector for more than 10 years. He is an esteemed accounting and tax expert, who can help you find the best nominee director for your company.
Someone Who Understands Your Requirements Well
Business owners have varying reasons to hire nominee director services. And for a service provider to offer great services, they should be willing to understand their client’s requirements in depth.
Make it clear to your nominee director the reason you hired them. Also, ask them if they have a basis to meet the reasons.
Some things you need to mention are your company’s requirements, goals, pain points, and other things. But be careful while sharing information.
Reviews and Past Results
You can check reviews on various platforms, such as Facebook, Google My Business, and even the company’s website. Make sure that the reviews are genuine.
Especially in Singapore, individual accountants such as Chai Chung Hoong have been able to muster great reviews and praises from their clients. Another tip for more personalization is to look at what the company stands for; for example, AI Accountant is responsible for the environment and doesn’t use any paper.
Look for Great Services, Not Only Cost
Never choose a service provider because it’s the cheapest. We just can’t stress how disastrous it can be if you end up hiring the wrong person, and they start taking action independently. You have to choose a service provider that knows its limits, but at the same time, professionals such as Chai Chung Hoong can actually help you maximize your ROI.
Don’t forget, customer service is another important thing to look for before hiring nominee director services. Complicated price structures, bad corporate cultures, etc., should be big red flags.
Tip: Before hiring someone, ask yourself if they would be capable to take part in the meeting of the board of directors, even if they don’t. You see, having a nominee director who is equally as capable as a company director is going to make you more assured.
Conclusion
A nominee director doesn’t do a lot around the company, but the risks associated with hiring the wrong person is very high. Hence, you should do your due diligence before hiring the right nominee director services. Look for knowledge and understanding, as well as professionalism above price.
The best way to go is to hire a professional accountant such as Chai Chung Hoong. They know their job, and based on their expertise, they can help you on various other company matters such as accounting, taxation, etc.
