Registered Office Address
Every company and Limited Liability Partnership (LLP) needs to provide a registered office address when setting up their business with ACRA – Singapore’s companies’ registrar – according to Section 142(1) of the Companies Act, Cap. 50. This address is essential as it’s where governmental and statutory bodies send all official communication and notices. It’s also where a company has to store all its registers and records.
So, what makes a suitable registered office address? Here are some guidelines:
- It must be a physical address located in Singapore.
- The address must be open and accessible to the public for at least three hours during normal business hours each day.
- The address doesn’t need to be your actual business venue – it just needs to be a place where your company can receive mail and keep official records.
- It can’t be a PO box address.
But what if you’re just starting up, or you’re a foreign entrepreneur without a local office address? You can lean on Registered Address Services provided by corporate service providers. For a modest fee, these providers manage all your post, sending you digital scans via email so that you never miss out on important communication.
Why Might You Choose Such a Service? Here Are a Couple of Benefits
Cost-Effective: You’ll save on costs, skipping rent, maintenance, and staffing expenses.
Professional Appearance: Some service providers have offices in notable locations – so your registered office can impress clients and investors.
Convenient Access: You’ll receive soft copies of your mail directly in your inbox, which you can view whenever, wherever.