Company Director’s salary in Singapore

Singaporean corporate laws require that every company, from the smallest to the largest and all in between, appoint someone who is qualified to serve as a company director. Only the company director is allowed to carry out certain vital business functions. These functions include fiduciary and statutory duties. A director’s fiduciary duties include the avoiding of conflicts of interest, the proper use of director’s rights, power, and information, and the prioritizing of the company’s best interests. The statutory duties of a director include registration of the office address, keeping the records of statutory registers, and managing annual returns and annual general meetings.

Considering how truly important company directors are, it is not surprising how well the average company director in Singapore is paid. According to the latest statistics, the average director in Singapore can expect to make approximately S$200,000 per year, while those in the most well-paying and prestigious companies in the world can make over S$300,000 per year. According to the International Monetary Fund’s statistics, the average person who works in Singapore earns around US$64,041 per year. When converted to Singapore dollars, the figure is S$86,734. Therefore, the average director in Singapore earns more than twice the national average, reflecting the sheer importance of those who fill this role.

Are you a director looking to relocate your business in Singapore, our trusted advisors at Paul Hype Page will be delighted to help you in your incorporation journey here in Singapore!

How Well Singapore Directors Are Paid Globally

To assess just how well the average Singaporean company director is paid, a comparison must be made with their foreign counterparts.

For the purposes of comparison, all figures in this section will be stated in US dollars.

As has been mentioned, the average company director in Singapore earns S$200,000 per year. That converts to a figure of US$147,738 every year, or about 2.3 times what the average Singaporean earns. The three countries whose citizens earns annual amounts closest to those of the average Singaporean are Qatar, the United States, and Denmark. In Qatar, the average director earns around 600,000 riyals per year. This equates to US$164,790, or, like Singapore, around 2.3 times the national average salary. In Denmark, a company director can expect to make approximately 996,600 kroner, or US$151,209, every year. Relative to the national population, this figure is higher than those previously mentioned – about 2.5 times the national average. On the other hand, company directors in the United States, who typically earn US$130,291 annually, make just 2.1 times the national average salary. However, in any case, it can clearly be seen that company directors in Singapore earn similar amounts relative to the general population as do their foreign counterparts.

Despite the impressive sums that they earn, however, this money must truly be well-earned, for the role of a company director can often be complex and very different from what one might expect. Nevertheless, a company that hires just the right person to the role of company director can expect some truly positive consequences. This is because a company with an excellent company director will soon find itself gaining in profitability, market value, reputation, and brand recognition.

If you would like to work in Singapore but do know how. With professional help from Paul Hype Page and we would gladly assist you in acquiring an employment pass easily which enables you to work in Singapore. If you would like to work in Singapore but do know how. With professional help from Paul Hype Page and we would gladly assist you in acquiring an employment pass easily which enables you to work in Singapore