The fastest way of obtaining a legal address for a company is to acquire a virtual office in Singapore. Below, our company formation experts in Singapore explain the main requirements and benefits of obtaining a virtual office in the city-state, and you can benefit the most from this flexible solution.
| Quick Facts | |
|---|---|
| Address availability (YES/NO) | Yes |
Local phone number (YES/NO) | Yes |
Company registered address use possibility (YES/NO) | Yes |
| Mail collection and forwarding option (YES/NO) | Yes |
| Meeting room availability (YES/NO) | YES (prior reservation required) |
| Virtual assistant option (YES/NO) | Yes |
| Employee required | Possible, but not mandatory |
| Availability of other services | Yes, bank statement, message, traditional correspondence collection and forwarding |
| Minimum rental period | 1 month |
| Advantages | Flexibility, easy to obtain, personalized options, cheaper alternative to traditional rent |
| Applicability of specific laws (YES/NO) | No, there are no specific laws. |
Availability for foreign companies (YES/NO) | Yes, foreign companies can use virtual offices in Singapore. |
Availability for natural persons (YES/NO) | Yes, natural persons can use such a service when setting up a company in Singapore. |
| Cost per service (approx.) | The cost depends on the facilities and contract period. |
| Maximum duration of the contract | One year |
| Internet connection availability (YES/NO) | Yes |
| Taxes imposed on virtual office services (if any) | No, there are no taxes imposed on such a service. |
| Limitations of virtual office services | The virtual office can be used for specific purposes, such as a registered address and contact point. |
| Usage of virtual office as a co-working space | No |
| Possibility to amend the service contract (YES/NO) | Yes, the contract can be amended in accordance with the clients’ needs. |
Table of Contents
What are the available virtual office packages in Singapore?
This service often includes the following:
- an address in prestigious business centers in Singapore, which is the main purpose of this service;
- a local phone number that can be completed by voice mail and fax services;
- high-speed internet connection, which is at the core of any business in the world;
- mail collection, which is one of the most sought-after services by busy persons (forwarding services are also included);
- bank statement collection is also available at the request of the client;
- meeting rooms can also be booked for appointments (prior reservation is required).
What are the main uses of a Singapore virtual office?
Among its uses, we can mention the following:
- a legal address during the Singapore company formation procedure (we remind investors that this is a temporary solution);
- a business address that facilitates communication between the user and clients;
- a contact point for business associates of the user;
- a business address for sole traders who want to be easy to reach and keep their professional image.
How can I acquire a virtual office in Singapore?
Buying a virtual office nowadays has never been easier. No matter if you are in Singapore or abroad, all you need to do is select the package you are interested in, make a request, and sign the purchase contract. Everything can be completed via email, so you don’t need to travel unless you want to.
You can read about the advantages of a Singapore virtual office in the scheme below:
Can I acquire a virtual office in Singapore if I am a foreigner?
Yes, the virtual office is a service available for anyone who wants a Singapore address.
Can I buy a virtual office in Singapore if I am a natural person, or is this service available only for companies?
You can buy the services for personal needs as well. Sole traders, for example, use virtual offices to gain a professional image in front of their clients.
What is the difference between a virtual office and a traditional office space?
The main difference is that even if the virtual office works the same way as a traditional one, meaning they are both located in physical locations, the first one is a service. This also implies the fact that you will not be required to manage and take care of the usual maintenance aspects related to the office.
Is a virtual office bought or rented?
Given the fact that it is a service, you will buy it.
How long does it take to acquire a virtual office in Singapore?
You can buy a Singapore virtual office in just 1 or 2 days, depending on how soon the contract is ready.
What are the documents I need to provide for the acquisition of a virtual office?
Your ID or passport, depending on your nationality.
Do I need to travel to Singapore, or can I make the purchase remotely/online?
Both options are available, depending on your needs. Remote acquisition is possible with representation from our local agents.
Can I also have a virtual assistant attached to my service?
Definitely. The two solutions together have become quite popular.
What are some payment plans for a virtual office in Singapore?
You can choose between:
- monthly contracts;
- 6-month contracts;
- 1-year contracts.
As a tip, the longer the period, the lower the payment plan.
The video below shows the main advantages of having a virtual office in the city:
What should I look for when buying a virtual office in Singapore?
We recommend you pay attention to:
- the services offered: you can usually opt for basic, intermediate, or premium packages, but personalized offers are also available;
- the fees associated with certain services;
- the address: the business center where the office is located also determines the cost;
- access to various amenities: many investors choose to rent meeting rooms occasionally;
- reception services: in some virtual offices, there are people who take calls, while in others, automated answering solutions are provided.
How much does it cost to buy a virtual office in Singapore?
The Singapore virtual office address is the cheapest alternative to renting office space, as prices start from around 60 SGD per month and can go up to 300 SGD depending on its location and facilities. By comparison, renting a traditional space to work costs between 2,000 and 3,000 SGD per month.
This service is usually offered by specialized and well-reputed providers. Our company registration consultants in Singapore can put you in contact with them. If you want to acquire a virtual office in Singapore, our agents are at your service. In case you need this type of service in India, we recommend our partners who are experts in company formation matters – IndiaCompanyFormation.com.
Our consultants can provide a wide range of services, including support in company liquidation in Singapore.
Our specialists in company formation matters can also provide you with all the details on how to open a company in Singapore.