Important Things to Keep in Mind When Choosing a Registered Office Address in Singapore

To be compliant with Singaporean law when your company is being founded in Singapore, there are a number of requirements you must meet, and these requirements must be completed while your company is being established in Singapore.

According to Chapter 50 of the Companies Act, Section 142(1) states that a company must have a specified “registered office” in Singapore when it initially incorporates in Singapore.

Requirements for use as a registered office address

For an address to be deemed a registered office, the following must be met:

At least three hours per day during normal business hours must be available to the public for delivery of all communications, as well as a site that is accessible to the public for at least three hours per day.

• The address must be that of an actual Singaporean business.
• Postal box addresses are not permitted.

In addition to letters from financial institutions, many government agencies will send you reminders of yearly obligations and information on new incentives. Regularly, you should sift through your mail in search of crucial communications. Here are the Key Considerations for a Registered Office Address in Singapore.

Having your company’s registered office in your own house

If you live in Singapore, you may have your home serve as your company’s registered office address. Housing and Development Board (HDB) or the Urban Renewal Authority (URA) might be used for this under the Home Office Scheme. As a result, you should be aware that in order to use your house as a registered address, you must first meet a number of conditions, and your authorization may be revoked if any of these criteria are breached.

Additionally, you must take into account the sorts of business endeavours that are covered by the Home Office Scheme

If you use your home address, you will have no privacy since your address is public information. As previously mentioned, a company’s registered office may be found by the general public. In the event that things don’t go as planned, many small business owners choose to establish a second registered office in a different area.

Even if you don’t reside in Singapore, a registered office address service from your corporate service provider is usually the finest and most popular option. For most individuals, it is a viable option. Find out why here:

Investors and customers are more likely to be drawn to a company’s location if it has an office in one of the most notable central business districts. Access to the financial centre is another benefit of having a place of business in that area. Additionally, this address may be used on firm stationery and other promotional products such as business cards. Corporate service providers having a physical presence in a highly sought-after location would be highly sought after by many businesses.

The cost of renting an office space might be rather high!! Working hours in Singapore may be different from those in your own country if you’re travelling from outside the region. There’s no use in checking your email often when you’re away from Singapore since you won’t be able to access any emails that were sent from there.

What follows?

Because your registered address is searchable by the general public on the ACRA website, using a registered address is highly suggested if you don’t want your customers to discover your real address.