One of the most significant advantages of starting a business in Singapore is the flexibility in choosing an office setup. For many entrepreneurs, especially small and medium enterprises, it makes little sense to commit to an expensive physical lease from day one.
A virtual office allows you to satisfy ACRA’s requirement for a registered address without the cost of rentals, maintenance, cleaning, and commuting. However, you must be able to communicate with your team effectively and ensure your staff are capable of remote working. If you have yet to incorporate, you can submit a signup form even without a company name, indicating “TBC” to be updated later. Once you have your ACRA number, you can immediately use the business address for registration and mailing purposes. It is important to note, however, that virtual office packages typically exclude services like call answering, ACRA registration, receiving and forwarding of registered mails or parcels, and personal secretary services. For mail handling, you can arrange for a designated person to collect mails on your behalf, saving you valuable travel time.

