Obtaining a Singapore registered address service is an easy and effective way of creating an address that is visible and accessible to all. However, there are some things to keep in mind before you can choose an address service.
Virtual office vs physical office
Having a virtual office can save you time, money and space. In addition, it will increase the effectiveness of your services. Aside from providing your business with a professional image, a virtual office will also allow your company to expand to new markets.
For example, Isabelle’s digital marketing company uses a virtual office in Singapore. However, she also has some key staff working from home.
This can be a great alternative for start-ups. However, it’s important to choose the right virtual office provider. Choosing the wrong one can negatively affect your business.
There are a number of options for companies looking to set up a virtual office in Singapore. Whether your business is small or large, there is a virtual office package that will meet your business needs. You can choose from a wide range of packages, including business meeting rooms, virtual mail forwarding and receptionist services. The price of each package depends on the provider.
Legal obligations of a registered office address
Having a Singapore registered office address is one of the most important aspects of operating a company in the country. This address is a registered record of the company and is used for official government correspondence.
Every company must ensure that it has a registered address. This address is also used for advertising purposes. It helps to give the company instant credibility with clients.
Having a registered address can give the company a more professional image. Moreover, it helps to keep company records up-to-date. It also serves as a point of contact for government agencies. In addition, the company will receive government correspondence, including statutory mail, and new incentives and reminders to comply with annual requirements.
A registered address is also where the company’s register of shareholders is kept. The company’s secretary is also responsible for ensuring that the company complies with the relevant legislation.
Costs of a registered office address service
Having a Singapore registered office address is a must for every company operating in Singapore. This is a legal requirement imposed by the Accounting and Corporate Regulatory Authority (ACRA) and other regulating agencies. A registered address is important for both local and international companies.
A registered address is important because it enables companies to interact with customers in a professional manner. It also gives a company a more prestigious address, a feat which may be especially valuable to a foreign company operating outside Singapore’s diplomatic boundaries.
In addition, a registered office address can create a positive first impression. However, if the address is residential, the company may appear less credible. It is therefore important to select a location that is near a notable landmark.
The cost of a Singapore registered office address service will vary, depending on the type of service and the number of employees required. Typically, a basic serviced office for two to three employees will cost around S$2,000 to S$3,000 per month.