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One of the requirements for incorporating a company in Singapore is that it should have a registered office address.
Traditionally, businesses would rent a physical space to use as their office.
Recently, however, some companies have chosen to utilise virtual offices, where businesses rent a business address and use it as their own.
The use of virtual offices has become increasingly popular over the years, especially for small companies.
While each package differs, virtual office packages usually include services such as business addresses, communication services like phone and receptionist services, and business meeting spaces.
Here are 8 considerations that business owners might have when choosing a virtual office package:
1. PRICE
One important consideration for business owners is the cost of utilising a virtual office.
The price of renting a virtual office package can range from a few hundred to a few thousand dollars per annum.
However, the cheapest virtual office packages sometimes include only a mailing address with an option to add on other services.
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