When you’re registering a business in Singapore, you’ll need to register a business address, also known as the registered office, with the ACRA. This is the address that all types of government entities send correspondence to. This address can be a physical address or an electronic address. It’s also the address where the public can visit your business.
Registering a business address in Singapore
Registering a business address in Singapore is essential for a number of reasons. As a business owner, you want to make sure that you can receive correspondence from government bodies. These documents may include reminders to meet annual requirements or notices of new policies and incentives. It’s also useful to have an address that can receive mail from banks and other government departments. To ensure that you get the most out of your registered office address, you should be sure to regularly check incoming mail.
When starting a business in Singapore, you’ll first need to register your business name, company directors, and registered address. You’ll also need to decide on the type of company you’re going to register. In most cases, it will be less expensive to register a sole proprietorship than a limited liability company. You’ll also need to pay ongoing fees for taxes and annual registration.
Types of business addresses
There are different types of business addresses in Singapore. A registered office is the address that a company registers with the ACRA at the time of incorporation. It is used for official correspondence and for the public to visit the business. Many government bodies send correspondence to this address. It is also where bank correspondence is sent.
There are many advantages to having a registered office address in Singapore. For instance, it can qualify for an online payment gateway. Additionally, it can be useful for a foreign company to have a presence in Singapore for maintaining business relationships, establishing formal company registration, and even providing work visas to foreign employees. Choosing a virtual office address is also a cost-effective solution for offshore companies. Because offshore companies often do not have local staff in Singapore, they must use a virtual office service as their registered company address.
High Street is a good location for a business address in Singapore
The High Street Centre, a sky-rise office building that’s only a five-minute drive from the Central Business District and Orchard Road, is an ideal location for an address in Singapore. Built in 1969, the High Street Centre is a notable landmark with green spaces surrounding it. The building’s office space offers views of the CBD skyline and the Singapore River, making it a prime location for an office. High Street Centre also features 24-hour security and a substantial car park.
In addition to being an excellent location for a business address, the High Street Centre is also close to many local attractions. Nearby attractions include the Riverwalk Galleria and the Funan Digitalife Mall. It’s also close to Singapore Management University and the Auston Institute of Management & Technology.
Alternative addresses
Companies in Singapore are required by law to have a registered office address. If they do not, they may face a fine of up to $5,000. If this is a concern for you, there are several options that you can consider. One of these options is to use an HDB flat as your registered office address. There are certain conditions for this option, however.
To use a residential address, you must have prior approval from the URA or HDB. However, you can also use an alternative address if you do not want to share your residential address. However, make sure the alternative address is a valid address, where someone can contact you if they have any questions or need to do business with you.
Cost of registering a business address in Singapore
If you want to register a business in Singapore, you need a registered office address. The registered office address is a physical place that is open to the public for 5 hours on business days. This is also where you will receive notices from government bodies and correspondence from banks. If you do not have a physical address, you can opt for a virtual office address.
A registered office address in Singapore is very important for a company’s legitimacy. If it’s not properly maintained, it could result in clients doubting the legitimacy of the company. Furthermore, if you’re using a residential address, you’ll need to have a front door open for public five hours a day, which many business owners may not feel comfortable with. Furthermore, registering a business address in Singapore is much more affordable than renting a business office. The average monthly rental for a business office in Singapore is about $2 to $16 per square foot.