By Vlad Cuc, specialist in company formation matters
Singapore is one of the most appealing business destinations in Southeast Asia as many investors from all over the world choose it to open companies in. In order to domiciliate their companies here, however, they need local addresses.
The fastest way of obtaining a legal address for a company is to acquire a virtual office in Singapore. This is a service that can be employed by both local and foreign investors for various purposes.
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.
Why opt for a virtual office in Singapore?
Foreign investors choose to purchase virtual offices in Singapore in order to benefit from competitive services at low expenses.
Our consultants in opening companies in Singapore are ready to provide you with complete virtual office services according to your needs and requests. Our specialists in company incorporation can also offer company registration services.
You can contact us for details about our virtual office services in Singapore.
Virtual office packages in Singapore
As mentioned earlier, a Singapore virtual office is a service dedicated to those who need a quick and reliable solution when in need of an address in the city-state. This service comes as a package which 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 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).
The virtual office is based on a services contract which is why it is a safe option for those who do not want to rent office space in Singapore, for example.
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.
The main uses of a Singapore virtual office
A Singapore virtual office can be used for multiple purposes, and it is a great temporary solution to the traditional rent which is also more expensive. Among its uses, we can mention the following:
- as a legal address during the company incorporation procedure (we remind investors that this is a temporary solution);
- as a business address that facilitates communication between the user and clients;
- as a contact point for business associates of the user;
- as a business address for sole traders who want to be easy to reach and keep their professional image.
The main advantage of a virtual office in Singapore is that it is usually located in a business center which is easy to find and helps maintain a good reputation.
Communication services in Singapore
Our company formation agents in Singapore can provide a wide range of communication services starting with simple local phone numbers and answering services to more complex voicemail and call redirection services. We can take messages from our clients’ business partners and customers and redirect them to the provided mail address or phone number, as desired. Fax numbers are also available for clients requesting fax services. The voicemail services provided in a virtual office allow the storage and conversion of voice messages into e-mails for a simpler and more precise communication.
Obtaining a virtual office in Singapore is not difficult and you can rely on our specialists for tailored assistance.
You can read about the advanatges of a Singapore virtual office in the scheme below:
Space services in Singapore virtual offices
Investors have the possibility to choose among the most renowned business centers in Singapore to set up their virtual offices. Due to the city’s technological development, clients can benefit from modern conference rooms equipped with high-speed Internet connection and last generation calling and video calling equipment. Foreign investors have the possibility to use this service as a registered office in order to open their company in Singapore and this way they will receive all the correspondence to the virtual office and from there we will make sure it will be delivered to the specified address. On demand, we can also collect and send our clients their bank statements.
We can help you choose the location of your virtual office in Singapore.
What are the advantages of a virtual office in Singapore?
One of the major benefits of opting for a virtual office instead of a classic office in Singapore is the minimum investment that such an office requires. Nowadays foreign investors can opt not to hire any personnel and still benefit from professional services within a virtual office. They can also choose the business center they want to have their registered address at without worrying about the money they usually must invest in a classic office space.
If you have any questions on the virtual office in Singapore, do not hesitate to send us your inquiries.
The video below shows the main advantages of having a virtual office in the city:
Our specialists in company formation in the city-state are at your disposal with information on the main uses of a virtual office in Singapore.
The virtual office in Singapore vs. rentals and leases
As you already know, obtaining an address in Singapore is possible through several means among which rental and lease are the most popular options when it comes to commercial spaces. However, the virtual office in Singapore has become a go-to solution in the past few years for several reasons. The most important is the price, which is significantly lower compared to a traditional rent, especially when considering Singapore is one of the most expensive cities in the world.
Then, there is also the fact that the virtual office is a service which relies on a contract that can contain the exact requirements of the client. One can simply choose the facilities associated to it, can decide the period he or she wants to use it for and does not need to hire employees in order to complete the usual tasks that come with having a business location.
The virtual office is by far more flexible and cheaper compared to a traditional rent. However, we remind you that if you want to use it to open a company in Singapore, this is possible for a limited period only.
Singapore’s economy in numbers
Singapore is one of the most prolific states in the world, as according to this report:
- in 2020, it was the 16th largest importer and 15th largest exporter in the world;
- the volume of exports is expected to grow by 5.6% by the end of 2021, after the Covid-19 crisis;
- imports are also expected to increase by 4.6% in 2021;
- the city-state’s economy is expected to recover this year by registering a 5.2% increase;
- its economy is expected to stabilize in 2022, with an increase of 3.2%.