By MoneyBees
Compare a virtual office, a physical office and a home office on your own quotes: cost a month and over the years, cash up front, and the ACRA, HDB and URA address rules.
ACRA requires a company's registered office to be a Singapore address that is open to the public for at least 3 hours on each business day, where the company's records and registers are kept. A virtual office address can serve if it meets those rules; check what the provider covers.
No. ACRA says the registered office does not have to be the place where you run the business: it can be in Raffles Place while your factory is in Tuas.
ACRA says non-compliance with the 3-hour opening rule may lead to a fine of up to S$5,000.
Yes, under HDB's Home Office Scheme, for administrative work only. Registration costs S$20 through GoBusiness and lasts for the life of the business. No customers may visit, no signs may be put up and no goods may be sold or stored there.
Under the HDB and URA Home Office Schemes, up to 2 people who do not live there, including employees, partners and directors. Under URA's Home-Based Business Scheme for small activities like tuition, no non-resident employee is allowed.
Yes, for a small-scale business, but ACRA says you need HDB or URA approval under the Home Office Scheme before you register. A P.O. Box cannot be used.
HDB says the owner-occupied concessionary property tax rate still applies as long as the flat is mainly lived in by you or a co-owner.
Monthly rent or fees, other costs and commuting are added up for each year, one-off set-up costs are added once, and a refundable deposit counts only for the interest the cash could have earned. Use your own quotes; no provider is assumed.
Junxiong-WFG Organisation is an authorised representative of AIA Financial Advisers Private Limited (Reg. No. 201715016G).