This offers an excellent proposition to a foreign business owner visiting Singapore from time to time. Some of the services providers even go on to provide additional facilities like meeting room, internet, video conferencing, etc. For a small fee, SBS Consulting Pte Ltd can provide you with the following services: It takes only a couple of hours to do so. You can avoid the costs by setting up a virtual office in Singapore. The setting up of a physical office needs a huge amount. In Singapore, space is scarce and the office rents are high.
The solution is actually a blessing in disguise for the foreign business owners who want to use their budget judiciously. In fact, it is a good practice to have a registered office address, as financial institutes like banks also use it for sending their mail. It could be the last reminder of annual filing, changes in policy, new government scheme, etc. Checking the contents of the incoming mail is vital. The regulating authorities and bodies use registered address to send their correspondence to the company. On the other hand, the officials from the various regulating agencies may need to call upon you to inspect your company folder or other documents. It is for the benefit of investors and other individuals who may decide to visit your company. The office address should be a physical office address located in Singapore.The office must be open and accessible to all for at least five hours during ordinary business hours on each business day.Now, we come to the reason why ACRA insists on you having a registered address for your company’s office in Singapore. Why You Need a Registered Office Address in Singapore For them, it is similar to the paradox, “Which came first, the Egg or the Chicken?” You can get over this awkward situation by employing an experienced Singapore virtual office address services provider. Those who are new to Singapore find the situation difficult. And, they cannot register a company without a registered office address. However, the business owners cannot sign a contract to buy or rent an office in the name of their company without owning it. The statutory requirement is put out by Accounting and Corporate Regulatory Authority (ACRA). Hiring virtual office Singapore or registered office address service is an elegant solution.
Without it, your company cannot be formed. You have to put one on the application for incorporation. If you are starting a company in Singapore, you are likely to stumble upon a difficulty- registered address for your company’s office.
0 kommentar(er)
