In the initial stage of establishment of your business in Singapore, ACHI BIZ can provide your company with a registered office address in the Central Business District of Singapore.
The reputable CBD address can also be used on your letterhead, business card and corporate materials including publications. Most of the banks are accessible within five minutes from the Registered Address.
You will be allowed to incorporate a Singapore Company only when you have a business or residential address in Singapore where the latter is subject to seek approval under Home Office Scheme from either The Housing and Development Board (HDB) or The Urban Redevelopment Authority (URA) for public flats and private houses respectively.
No Post Office Box Address
No Post Office Box is allowed in Singapore to incorporate a Company. This address is going to be the corporate address for receiving and delivering all official communications.
CHANGE OF REGISTERED ADDRESS
CHECKLIST FOR NOTIFICATION DUE TO CHANGE IN REGISTERED ADDRESS
- What should I do when there is a change in registered address of my business?
- Whom should I notify due to change in registered address?
- Is it necessary to update the authorities and private parties with my new registered address?
When businesses in Singapore change their address, they have to notify a couple of Agencies and Authorities. We have compiled a list of parties you need to notify when you change your registered address of the business, why, and how you can tell them about it.
In addition to this, you can determine what are the other Agencies you should update by checking what are the licences and approvals your entity is having. Then, you can summarise the list to notify them accordingly.
Accounting and Corporate Regulatory Authority (ACRA) is an arm of the Ministry of Finance of the Singapore government. ACRA is tasked as the national regulatory authority of corporate service providers, business entities, and public accountants in Singapore. Anything that is related to businesses and their operations usually falls under the jurisdiction of ACRA. As such, they keep a database of all the businesses in Singapore.
If you are a Building Construction Authority’s (BCA) registered contractor then you are required to notify BCA with the change in your registered address.
If you are a CPF account holder as an employer, you also need to inform andupdate the CPF board about the change in registered address.
Inland Revenue Authority of Singapore (IRAS) is another arm of the Ministry of Finance that focus mostly on tax collection.
A change in the ACRA Bizfile database will reflect on the IRAS file on a weekly basis. For example, any changes made during 02-Aug-2021 08-Aug-2021 will be updated by 15-Aug-2021.
However, if you need to do a change of address in IRAS for any urgent matters such as receiving a grant or correspondence, you can send over an email via the myTax Mail that contains the following information like:
- Tax reference number of the company:
- Name of the company:
- New Address as updated with ACRA:
No other supporting documents will be needed to be sent to IRAS.
Ministry of Manpower (MOM) of Singapore, handles labour policies and everything labour/workforce related in Singapore.
If there is a change in the company’s registered address, you should also update your Employment Pass, S Pass and Work Permit holders as well. To do this, you need to go to EP Online and update your address.
Other Government Agencies (including any licence issuing authority)
Once you have updated your registered address with ACRA records, If you would like the mailing address to be changed to your new registered address, you may wish to liaise with the respective Government Agencies for the changes such as Customs, HPB, NEA, SFA, SPF, Etc.
Once you have updated your registered address on ACRA, If you would like the mailing address to be changed to your new registered address, you may wish to contact your respective bank(s) to have that updated for you.
It’s important to notify your customers with the new registered address.
Even though the working employees will be aware of moving to the new address, some employees who are on longer leave such as maternity leave may not be aware of new address. Hence, it will be appropriate to send an internal circular officially to notify all the employees about the new address.
While they might be one of the first people to know of a potential move, sending out a document informing when and where you are moving is always a good move. Be reminded that not all your investors check on your business on a daily basis. Majority of bigger investors get updates every now and then while there are others who get a monthly report.
This not only shows the respect you have for your investors but also reassures them of their importance in your business.
Social Media & Followers
First, change your address on your website. Next, change your address and announce your transfer on your social media accounts. Lastly, you might want to check for any listings you have on online directories and update accordingly. Make sure that all the places where your company appears, has the correct and updated address.
If you have had a change in address, it’s best to let your suppliers know as soon as possible. This is to make sure they can easily adjust their schedule in delivering what they are supposed to do for you on time without having to disrupt their routine.
- This is not the complete list hence it may vary depending on your nature of business and transactions with various parties involved.
- For some Agencies, you may need to write under your letterhead or some specific format to notify the change and for others you may need to login into the agencies portals to update the change electronically.
- We hope this list will be useful to your business when is a change in your registered address of the business.
At ACHI BIZ, we provide a reputable business address along with mail forwarding, scan and email services on a monthly, fortnightly, weekly, bi-weekly or daily basis according to your business requirements.