In the past, having a virtual office address in Singapore is simply a way to bootstrap and kickstart the business. It was really popular and helped a lot of businesses reduce costs in order to invest in other critical areas such as marketing or product development. According to statistics, half of the businesses fail within 3 years of starting up. We can concur with this as we deal with new business owners on a daily basis.
Today, many businesses work remotely or in hybrid setups, and fewer founders need a full-time office from day one. A virtual office address gives you a professional Singapore address for ACRA registration and mail, without paying for space you don’t use. Here’s why it still makes sense:
1. Work the way modern businesses work
Remote and hybrid work are now common, and clients are used to meeting online or at a café. A virtual office gives you a credible address while your team works wherever suits them.
2. Keep your costs flexible
Early-stage businesses benefit from keeping fixed costs low. A virtual office costs a fraction of a physical office lease, so you can spend more on growing the business.
3. Shield your home address
Some might be tempted to use their home addresses for ACRA registration. Both HDB flats and private homes need approval under the Home Office Scheme before you can use them as a business address. The question is also if things go awry, you might have people coming to your home and knocking on your doors. Why not leave such possible scenarios to our building security? Virtual office addresses are the perfect way to protect your privacy and security.
4. Save on travel time and cost
If you spend 45 minutes to get to and fro office, that is 90 minutes gone every day. The 90 minutes could have been better invested. With 90 minutes, you can sneak in 30 minutes of cardio, 15 minutes of reading and an extra 45 minutes worth of sleep. Multiply that by a year and you will know how much you have been losing out. Having a virtual office address saves you time.
5. Work anywhere
Having a fixed office means working in the same place everyday. There are plenty of options to work from now from free ones to paid ones. There are free working space at community hubs or open desks in some malls! If you need a cuppa, there are numerous cafes around the island to work from. Last but not least, there are plenty of co working spaces which you can sign up for a single day pass or hot-desking options.
6. Scale your business, not your furniture
The growing pains of a business is moving from office to office as your business grows. The costs of office restoration, renovation and moving will all pile up and make a dent on the balance sheets. The money can be better used to grow and expand the business strategically.
Check out our affordable virtual office packages with a premium Suntec business address! We have an office so you don’t need to!
PS: Some questions we get asked quite often about virtual office in Singapore:
Question 1: Are virtual office Singapore addresses legal?
Answer:Yes. A virtual office address can be used as a registered office address as long as it meets ACRA’s requirements.
Question 2: How many virtual office customers do you have in Singapore?
Answer: Many. The more we have, the lower your cost. The premium virtual office address you are enjoying at the affordable rates are achieved via economy of scale.
Question 3: Can we just use your virtual office address without signing up?
Answer: No, it is illegal to use any virtual office address in Singapore without signing up. We routinely check the records with ACRA and also get mails for companies who did not pay/renew the virtual office packages. We reserve the rights to take legal actions against illegal use of our virtual office address.
Question 4: Is the address a virtual address or an actual office space in Singapore?
Answer: It is a physical office space as stated in our address.
Question 5: Can I pay for the virtual office packages monthly?
Answer: No, the prices indicated are for per annum bulk discounted to a monthly fee for easy comparison.
Question 6: There are cheaper virtual office Singapore addresses. Can you match?
Answer: No, we are unable to match their prices. We are the cheapest virtual office address in CBD and any options cheaper than us are usually located outside of the premium virtual office addresses.
Question 7: Can virtual office addresses receive parcels?
Answer: Yes. Virtual office addresses like us are able to receive parcels, dimensions and weight restrictions applies and varies between the different virtual office address providers in Singapore.