Registered Office Address Services in Singapore: Everything You Need to Know
Registered Office Address Services in Singapore: Everything You Need to Know
Why do you need a Registered Office Address for your Singapore Company?
142A (1), Cap 50 of Companies Act stipulates the requirement for a local registered office address during a company set up in Singapore.
All government institutions, customers, suppliers and other interested parties can establish business communications with the company through the registered office address. ACRA requires the registered office address to be in operation and easily accessible to individuals during normal working hours.
No, a P.O. box cannot be used as a valid registered office address. Singapore law, however, approves either using a Housing and Development Board (HDB) flat or residential property as a registered office address upon approval from relevant authority for your business as per the Home Scheme of Singapore’s Urban Redevelopment Authority.
You may use virtual office services as a viable and economical alternative in case you are not interested in leasing a commercial office space due to monetary constraints or your residence due to privacy reasons.
What are the Requirements of a Singapore Registered Office Address?
- The registered office address must be a place where all communications can be made and notices can be served. It should be easily accessible to the public for a minimum of 3 hours duration on every business day and during office hours
- It also needs to be a physical office address in Singapore
- The registered office address must also have a valid email address so that you can receive mail from government institutions as reminder notifications of yearly compliance requirements and new incentives announced. Banks can send you emails for banking purposes
Want to learn more about Registered Office Address Services in Singapore?
Can you use your Home Address as a Registered Office Address in Singapore?
Yes, if you are a Singapore resident then your home address can be chosen as your registered office address under the Home Office Scheme with Urban Redevelopment Authority (URA) or Housing and Development Board (HDB). However, certain conditions need to be satisfied before you can opt for your home address as a registered office address and in the event of any violations of these conditions, you may lose the business permit.
The type of business activity that is permitted under the Home Office Scheme needs to be taken into account before you decide your home address as a registered office address.
Several business types are not allowed including food manufacturing, courier services, beauty services, food catering and many more. The business types that are allowed under the home office scheme can be availed from this link.
If you are concerned about privacy then home address as your registered office address may not be the best option as your address will be searchable on the ACRA’s official website and available to the public.
In consideration of all of the above, many business entities do not opt for home addresses and go for other available options for registered office addresses even when they carry out business activities from home.
Why do you Hire a Corporate Services Provider for your Registered Office Address?
- Instant registration can be done while incorporating your company in Singapore
- Can avail a shared fax number for free
- Privacy can be maintained as your address will not be made public
- Mails received from the Government Authorities and banks can be scanned and uploaded on the company’s official website, as appropriate
- Leasing a fixed office space always costs a good deal of money and using registered office services can help you eliminate this cost including office set-up and regular office maintenance costs
- As a foreigner hailing from a different time zone, your office hours could be different from the normal working hours in Singapore. So when you are overseas, you may not be able to receive urgent calls and mails in time. Corporate services providers can help you get professional receptionist services for answering calls, forwarding mails and booking spaces for meetings & conferences
- Access to a Prime and prestigious Location in central business districts, a drastically reduced cost is also one of the main reasons that tempt business enterprises to go for registered office address services. Prospective investors and customers get attracted to such locations and especially when the businesses deal with corporate activities. An added attraction is that you can get this address printed on your business cards, letterheads and corporate collaterals and businesses would choose for a corporate service provider with an address in such locations
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