Re:Singapore Still the Best Place for Entrepreneurs
by czcar on Saturday February 18, 2012 @12:25PM
(#3607055)
Ah, you're referring to the $3000 deposit + $3000/year requirement that professional nominated "Directors" require to setup the business. Yes, this can be an issue if you do not have relationships with any locals.
I believe many countries have restrictions on foreigners incorporating without a local director/shareholder?
But yes, it is a little bit annoying. What we ended up doing is getting a mentor/investor to become a nominee director.
I believe many countries have restrictions on foreigners incorporating without a local director/shareholder?
But yes, it is a little bit annoying. What we ended up doing is getting a mentor/investor to become a nominee director.