If you’re looking for a Singapore business address, there are many great options available. High Street is a prime location, close to Clarke Quay, City Hall, and Fort Canning MRT Stations. It’s also right by the Parliament House, Supreme Court, and Treasury Building. Moreover, it’s near lively entertainment districts.
Home Office Scheme
In Singapore, businesses can use residential addresses as their registered business address under the Home Office Scheme. This scheme was introduced in June 2003 and requires the owners of HDB flats and private property to apply for a Home Office Scheme permit from the Urban Redevelopment Authority (URA). Home office permits are valid for up to two years, and may be revoked if the conditions are breached.
Home office schemes are offered by the Urban Redevelopment Authority (URA) and the Housing and Development Board (URA) and allow business owners to use their home address as their registered office. HDB or URA approval is required, and the home address must meet certain criteria. Home-based businesses must be operational, accessible, and open to the public during normal business hours.
High Street
One of the most desirable addresses in Singapore is High Street, which is home to the High Street Centre. This modern skyscraper is within walking distance of the city’s many shopping and dining options. The building, which was constructed in 1969, has a large car park and features 24-hour live security.
When the city first developed, High Street was the city’s main street. In fact, it was the main shopping district. It was also home to Singapore’s first town planner, Lieutenant Henry Rafle, who cleared the jungle on the shore in preparation for the preliminary treaty signing. Other streets in the area were Hill Street, located at the foot of Government Hill. Then, the city’s population grew rapidly. A few years later, North Bridge Road was built, and South Bridge Road was built south of the Singapore River.
Chartered accountant
The Chartered Accountant in Singapore (CA) designation is protected by the Singapore Accountancy Commission Act, a statutory body under the government. The designation is conferred by the Institute of Singapore Chartered Accountants (ISCA) on behalf of the SAC. The CA qualification programme is comprised of three components. These components include the examination, continuing professional development (CPD) requirements and professional standards. The ISCA works with the SAC to promote international recognition of the CA (Singapore) designation.
Chartered accountants in Singapore are highly qualified professionals with diverse backgrounds and skills. Their work is interdisciplinary and they have a global perspective. They offer financial and business expertise and are in high demand throughout the world.
Company secretary
A company secretary plays a vital role in the smooth functioning of the company. He or she ensures compliance with statutory requirements and implements board resolutions, such as filing annual returns with the Accounting and Corporate Regulatory Authority. In Singapore, company secretaries must be resident in Singapore and must be appointed by the directors. Generally, a company secretary can’t be the sole director of the company, but he or she can be the director if the company has more than one director. A company secretary’s job is to provide guidance and support to the company board, shareholders, and other stakeholders.
If you’re starting a business in Singapore, hiring a company secretary is essential to ensure compliance with statutory laws and corporate governance regulations. All companies are required to submit annual returns on time, and failure to submit tax filings on time can lead to penalties that can be crippling to a startup’s growth.
Limited liability company
A Limited Liability Company (LLC) is a special type of business with the sole purpose of limiting the liability of shareholders. A LLC is a separate legal entity that is registered with the Accounting and Corporate Regulatory Authority (ACRA). The LLC has a single-tier tax system and liability to shareholders is limited to the amount of capital they paid for the company. It can enter into contracts, own assets, and sue in its own name. Another type of LLC is the Private Limited Company, which has 50 or fewer members and is not publicly traded.
Starting a Pte Ltd company in Singapore is simple and inexpensive. You can establish one with as little as one Singapore dollar. However, if you plan to conduct regulated business, the minimum share capital will differ. For example, the minimum paid-up capital is higher for financial services agencies, recruitment agencies, and travel agencies. In addition, if you wish to obtain an Entrepreneur Pass, you will need at least 50,000 SGD of capital to be eligible for this type of license.