Primary responsibilities of a Resident Director in Singapore

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Singapore’s strategic location, pro-business policies, skilled workforce, strong legal framework, and focus on innovation make it a prime destination for businesses.

In Singapore, all incorporated companies, including private limited companies, public companies, branch offices, and subsidiaries of foreign companies, must appoint at least one Resident Director. The director of Singapore company holds significant responsibilities to ensure the company's compliance with local laws and regulations. Firstly, they must ensure that the company adheres to the Companies Act, including timely filing of statutory returns and maintaining accurate financial records. They play a crucial role in managing corporate governance, ensuring that board meetings are conducted properly, and that minutes are accurately recorded and retained.

Additionally, the director is responsible for overseeing the company’s adherence to tax obligations, including the filing of annual tax returns and ensuring compliance with Goods and Services Tax (GST) regulations, if applicable. They are also tasked with ensuring that the company meets its employment obligations, such as CPF contributions and adherence to employment laws.

Another key responsibility is to act as a liaison with Singaporean authorities, representing the company in any legal or regulatory matters. They must stay informed about any changes in regulations that could affect the business and ensure that the company promptly adapts to these changes.

Moreover, the Resident Director must ensure the company operates ethically and transparently, fostering a culture of compliance and integrity. This role is pivotal in maintaining the company’s reputation and ensuring its smooth operation within the legal framework of Singapore.

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