Singaporean office rental is inhuman. Majority of the people are aware of that. Not many have worked out how to circumvent it. Virtual offices provide a real-life solution. You receive a business address recognised in a good area, a mail collection and a mail forwarding service and a professional call handling service at a monthly charge that will not make you nervous when it comes. It is a very unfair advantage to business that does not require the physical presence on a daily basis. Get more info!

Who actually benefits? Everybody knows that there are more than you would think. A freelance consultant working at home that requires an address that will withstand in a client proposal. An overseas parent company setting up a Singapore presence prior to investing in extensive operation. When every dollar counts, a bootstrapped founder in those initial months of essentials is important. What these folks have in common is not an industry but rather a love of practicality as opposed to looks.

The issue of compliance is also involved in this and it has weight. ACRA stipulates that all companies registered in Singapore be allowed to give a local business address. Many business buildings have limitations on residential addresses. P.O. boxes are out of the question. That legal system is driving thousands of companies to virtual office providers annually, not necessarily to make a cost choice, but simply because it is a necessity.

Pricing is a good indication of demand. Simple packages with a registered address and the basic mail handling are between S50 and S80 per month. In between alternatives, which cover phone answering and meeting room credits fall under S$150-300. Compare that with a CBD serviced office that costs S3,000 to S5, 000 a month and the savings will soon cease to be marginal. They are high, and they accrue significantly over one year.

A choice of addresses is something to consider. A Tanjong Pagar speech would have a different weight in some industries as compared to the Woodlands one. Geography is an influence on perception – especially on clients in finance, law or corporate advisory. Select a place that is actively contributing to the professional image that your business is creating and not just the first place that seems to be available.

There is a significant difference in what is offered by providers. Others have bilingual reception, local telephone numbers, and coworking day-passes. Others convey the necessities and no more. Assess your real usage patterns prior to making a commitment. The silent yet sustained waste is paying a high level of a plan and using only the basic functions.

It is easy to get established. Applications are completed in one to three working days after receiving the documents by most providers. The normal requirements are the identification and business registration details. Simple cases are even done within a day.

In lean operation, new startups, and businesses that simply do not require a physical office, a virtual solution provides just what is needed, and not what is not.