If you’re looking for a registered address in Singapore, then you’ve come to the right place. Here, you’ll learn how to choose the best service for your needs, how much it costs, and where you can find one. In this article, you’ll learn about the benefits of a virtual office, how the service works, and how to avoid wasting money on a physical office.
Virtual office address is a good alternative to a physical office
A virtual office in Singapore is a good option for many companies, especially those that are new in the country. While a physical office is still required in Singapore, a virtual office is more affordable than a traditional office. Virtual offices usually come with additional services such as a receptionist and communication services. Businesses can also rent business meeting rooms to meet with clients.
Having a physical office in Singapore can be expensive, especially if you do not have any administrative staff. Moreover, inexperienced administrative personnel may not know which mails are important. For example, the IRAS e-services Access Code is often misplaced or overlooked. Fortunately, a virtual office address offers many advantages, making it a better choice for almost everyone.
Legal obligations of a registered office address in Singapore
A registered office address is an important requirement for all Singapore businesses. Not only does it ensure that your company is legally compliant with the laws and regulations of Singapore, but it also allows people to contact you for business purposes. Your registered office address is also the place where government bodies send important communications and notices to you. This can include new incentives and changes in policy, as well as notifications from banks.
When you register a company in Singapore, your address will appear on your official documents. It is important to keep your registered office address current as you will be fined up to $5,000 if your company fails to keep its address up to date. In some cases, you may want to use an alternative registered office address, but you must comply with all the laws and regulations. For example, you may consider using an HDB flat as your registered office address if you meet the requirements laid out by the Home Office Scheme.
Cost of hiring a registered office address service in Singapore
A registered address service in Singapore is an excellent way to set up a physical presence and establish credibility for your business. These services typically offer you an address in the heart of Singapore’s financial and commercial district for as little as S$120 a year. A registered office address is required by the Accounting and Corporate Regulatory Authority of Singapore to be recognized as a local company.
In Singapore, a registered office address is required for any new business, and all existing businesses in Singapore must maintain a registered office address. Traditionally, companies have rented space and used it for their offices, but today more companies are turning to virtual offices, which can provide a corporate image and allow their employees to work from anywhere.
Locations of registered office address services in Singapore
A registered office is used by legal authorities and financial institutions to receive and forward mails. The registered office address must be a physical office in Singapore. It cannot be a P.O. Box. To avoid causing hassles and unnecessary cost, contact one of the registered office address services in Singapore. You can find these services at Peninsula Plaza, a few minutes walk from the City Hall station. The offices are manned during business hours, and they can also take care of urgent mail.
Having a registered office address is important to Singapore companies for many reasons. One is that it helps your company comply with local regulations. Companies must have a registered office address in Singapore under the Companies Act, Cap. 50. In addition, your company will receive mail from government agencies. It is important to check your mail daily to make sure that everything is correct.