Insights

Three questions before you appoint a local director abroad

Many countries ask a foreign-owned company to appoint a local or resident director. Singapore, for example, needs at least one director who lives there.

On paper it looks like a formality. In practice that person can sign for your company, sees its accounts and may be the first person a regulator contacts. It is worth choosing them as carefully as you would a business partner.

Three questions we ask clients before they appoint one. First, what will this person sign, and what needs your approval before they do? Second, how will you remove or replace them if your plans change? Third, who pays their fee, and is the arrangement written into a contract?

Get those answers in writing before the company is incorporated. Changing a director later is possible, but it takes time and paperwork in every country.

If you are setting up abroad and want to talk it through, book a call with us.

Tell us where your companies are and what’s due next

We’ll come back with what needs doing, who on our team will do it, and what it will cost.