A foreigner can’t run a business in Singapore if his company has no resident directors. Hiring a local nominee solves the problem. Once you've hired one, you can become a director yourself or appoint another executive from abroad.
If you want to set up a company in Singapore Osome provides Nominee director services for both brand-new companies and existing ones.
Why do I need a resident director in the first place?
According to the Companies Act, your Singaporean company can have as many directors as you want but at least one needs to be local. If you do not have any eligible candidates in mind, hire a nominee director. Thus, you won’t have to look for a local you could entrust with actually running your company. You can become a real director yourself or hire another executive from abroad.