Why You Need a Registered Business Address in Singapore

When you register your company in Singapore, one aspect holds significant weight: your company’s registered office address. Let’s delve into why having one is indispensable for your new company’s compliance.

1. Compliance with ACRA 

The Accounting and Corporate Regulatory Authority (ACRA) sets forth stringent criteria regarding registered office addresses. You must provide an office address when you submit an application to incorporate a local company.

In addition, your office must be physically accessible for at least three hours during business hours, ensuring transparency and accessibility for investors and regulatory authorities alike. Additionally, P.O. Box addresses are not permissible.

2. Correspondence and Regulation

Your registered mailing address serves as the nexus for official correspondence from regulatory bodies and government agencies. From compliance reminders to policy updates, these communications are vital for your company’s adherence to legal and regulatory standards.

Moreover, financial institutions may rely on this address for official correspondence, emphasising its central role in business operations.

3. Physical vs. Alternate Office Solutions

For foreign business owners navigating Singapore’s dynamic market, the choice between a physical office and an alternate address is pivotal. While traditional office setups entail substantial costs, Counto offers a pragmatic solution through our foreigner incorporation package.

Unlike other incorporation services, our package includes a registered office address and seamless mail management service at no additional cost, ensuring that you always get more bang for your buck.

Counto’s registered mail service includes:

• Registered office address
• Mail notification
• Mail scanning
• Auto upload of all mail to your Counto account for easy access

4. HDB Home Office Scheme

Entrepreneurs leveraging the HDB Home Office Scheme enjoy the flexibility of operating their businesses from home. While this presents cost-saving benefits and convenience, it also entails certain privacy concerns. Anyone searching on ACRA will be able to see your business address and therefore, your residential address..

If you wish to keep your residential address private on public records, you have the option to register an alternative address during incorporation or at a later time. Once registered, this business address will be displayed on ACRA’s public records in place of your residential address.

Summary

A registered office address is crucial when setting up a company in Singapore. If you plan to expand your business to Singapore, you may consider opting for an incorporation service that has tailored solutions and expertise to help you navigate such regulatory intricacies.

Using an incorporation service as an extension of your team

Setting up a company in Singapore can be challenging, but with professional support, it can be simple, Counto’s mission is to support your new business, take away the complexities of compliance, and save you time and money throughout the year. Speak to us directly on our chatbot, email us at [email protected], or contact us using this form.