For new entrepreneurs, the process of registering a business address in Singapore can be confusing. Incorporation services in Singapore can help you figure out the best solution for your needs. Here are a few things to consider: EZCorp, Rikvin, Home Office Scheme, and e-Certificate of Incorporation.
EZCorp
If you are starting a business in Singapore, having a registered office will be beneficial. It serves as your company’s identity and is often used on letterheads and business stationery. Choosing a good location is also important for marketing efforts. A business address located in the city’s business district will make your presence in the business community more visible and credible.
EZCorp Singapore is a low-cost alternative to a traditional office. Its offices are located in convenient locations throughout the city, and you can access them during regular business hours (9am-5pm, seven days a week). They also provide overseas mail forwarding for $5 per letter.
Rikvin
The Singapore-based corporate solutions firm, Rikvin, offers a complete one-stop service for the incorporation of Singapore companies and offshore entities. It also offers taxation and accounting services, corporate secretary services, recruitment, and M&A consulting. The company is headquartered in the heart of Singapore’s business district, Raffles Place.
While Rikvin’s Singapore business address is a prominent one, the company isn’t as well-known outside of Singapore as it should be. In addition, its business model is unorthodox. It combines the benefits of both private and public sectors.
Home Office Scheme
If you are planning to set up a business in Singapore, you should consider applying for the Home Office Scheme. This scheme allows you to register a Singapore business address in a residential property. However, you must comply with certain conditions if you want to utilize this scheme. First, you need to be a resident of Singapore. Second, you must be at least 21 years old. Then, you must have a credit card. Third, you must be in Singapore at least five days a week for the registration process.
Before you can use your own home address as your business’s registered address, you must register your business with the Accounting and Corporate Regulatory Authority (ACRA). You can register your business as a sole proprietorship, partnership, limited liability partnership, or private limited company. Depending on the nature of your business, you may apply for a Home Office Scheme license before you register with ACRA. However, make sure to declare whether you are an individual or a business.
e-Certificate of Incorporation
If you are considering setting up a company in Singapore, one of the things you will probably need is an e-Certificate of Incorporation (COI). This document will confirm the company’s legal status in Singapore. It will include the company’s name, registration number, and date of incorporation. While it is not compulsory, a COI will help you with your business transactions and paperwork in Singapore. It will also list the directors and shareholders of your company.
The ACRA (Agency for Corporate Registration) is the regulatory body for Singapore companies. You can get an e-Certificate of Incorporation by email from the Registrar of Companies of Singapore (ACRA). You will need to pay a small fee to get a signed version of the certificate. This can be done online or through a registered filing agent.
Virtual office providers
Virtual office providers in Singapore provide a registered address for companies. This address increases the credibility and reliability of a business, and it also acts as the mailing address on corporate stationery. This address can be used on name cards, letterheads, and even souvenirs. A registered address also helps reduce the operational costs of a company.
Many virtual office providers offer a range of packages with optional add-ons. Choose a service that best matches your budget and your needs. Some providers will only provide you with a mailing address, while others offer additional services, such as mail forwarding.