If you are looking to start a business in Singapore but don’t want to invest in a physical address, you can opt for a virtual office address. Unlike a traditional office, a virtual office only requires a small amount of paperwork and is only temporary. Afterwards, you’ll have to look for another place to conduct your business activities.
Cost of a virtual office in Singapore
You can choose from several virtual office providers. For instance, you can choose between a few that specialize in workspaces in Singapore and those that have locations in different countries. In addition, some companies focus on specific features, such as call answering and virtual receptionist services. You can also choose a membership that entitles you to unlimited access to any of their services.
Regardless of the type of business you have, a virtual office is likely to be less expensive than renting a traditional office space. And the lower cost is normally accompanied by less risk, which is especially important when you’re just starting out in a new market. However, there are some costs that you should keep in mind. For instance, you should consider whether the cost of a Singapore virtual office is too expensive for your budget.
Choosing a location that is convenient and accessible is important. You’ll want to find a location that offers easy access to customers, which can make it easy for them to do business with you. A Singapore virtual address is located near some of the world’s most successful companies.
Cost of renting a serviced office in Singapore
The cost of renting a serviced office in Singapore can vary widely. Some serviced offices are priced at around $350 per person per month, while others cost up to $500 per person per month. Location and size of a serviced office also play a role in the cost. Larger serviced offices are generally more expensive than smaller ones. Depending on the location, a three or four-person office can cost anywhere from $1800 to $6000 per month. Some serviced offices also offer conference rooms that are available at a cost of $20 to $50 per hour.
A serviced office is typically a pay-per-use space, with fully-staffed reception desks, kitchens and lunch areas, maintenance and cleaning services. Some serviced offices also include meeting rooms and networking areas. Choosing a serviced office can be a smart move for a small business that needs a professional yet affordable workspace. In addition to providing affordable space, serviced offices can help a business reach new markets. There are many serviced office providers in Singapore.
Cost of renting a virtual office in Singapore
Renting a virtual office in Singapore is a very affordable alternative to leasing an office space. You can rent a Singapore business address for as little as SGD sixty per month, or as much as SGD 200 per month, depending on the location and add-on services you need. You can use your Singapore virtual address to incorporate your company and create business collaterals and website addresses. These addresses are also available with flexible payment terms, so you don’t have to worry about paying in full at once.
Virtual office packages come with a wide range of features, including a prominent work address and a high-quality meeting room. Some also offer a virtual assistant and mail forwarding service. Some Singapore business centers also offer meeting rooms for hourly hire.