5 Ways a Virtual Business Address Can Benefit Your Startup

Are you looking to establish a professional corporate image for your start-up?

Not sure how to accomplish this without breaking the bank?

The good news is you don’t have to lease or buy actual office space to give you that corporate feel with a Singapore virtual business address.



Rather than booking office space, hiring a receptionist, purchasing office equipment, furniture, and phone and fax systems; a registered business address in Singapore is simply a turn-key business office.

Let’s face it, a company that has its own office, furnishings, live phone support, a dedicated business line, etc. does help legitimize the business operation.

However, the costs and regular monthly lease payment associated with that kind of setup is too big of a pill to swallow for most start-ups. But with a registered business address you can have all the bells and whistles of a serious business operation without the hefty price tag and ongoing costs.

A business virtual office supplies an affordable and brilliant option for even the smallest budgets to operate a business like a major corporation.

For a couple of dollars per day you can receive all the components of a serious business; a dedicated business line, a live assistant to address inbound telephone calls, a business mailing address, mail forwarding service, personalized voice mail, dedicated fax line and more.

It is an exceptional remedy for start-ups and entrepreneurs for keeping operating costs low while developing a professional corporate image.

It additionally plays a valuable role during the process of establishing business credit. Instead of using a home address as the company’s mailing address, one could use their business virtual address instead.

Here are five ways a virtual office can benefit your business:
1. Get a dedicated local telephone number — an identifiable local area code business number could help your business acquire local customers much easier. A local number shows up more personalized and trustworthy for local consumers compared with an unrecognizable area code.

2. Get a professional live receptionist — Imagine having a professional live person answering incoming calls for your business. This speaks volumes for your business and its operation.

3. Have a corporate mailing address — a zoned commercial mailing address is a key component in the business credit building process. For lenders it helps in identifying the operation and location of a business.

4. Get a specialized company facsimile number — selecting a recognizable local telephone number as your business’s facsimile line can also assist your company with local consumers when it concerns faxing.

5. Get customized voice mail boxes — With numerous voice-mail boxes with individual prerecorded introductions a company can improve its interaction with consumers after company hours.
While there’s no shortage of choices you could discover on the net supplying a company virtual office, be sure to take the time to identify the most budget-friendly and inexpensive registered business address in Singapore solution.

Bear in mind, if you choose to establish a virtual office make certain that all of the information you provide on the application coincides as the specifics you have on your company credit reports and filings.

As you can see a SG registered business address offers the best alternative for a start-up or small business owner to avoid spending thousands of dollars in office expenses while maintaining a professional corporate image for their business.

Whether you are working from home or on a tight budget you can easily run your business like a major corporation without breaking the bank.

Using a Home Business Address vs. Virtual Business Address

Small business owners and solopreneurs in Singapore, particularly those with service-related businesses face many challenges while growing their company. The address they'll use for their business is usually an afterthought at best.

For those without a physical office location, their registered business address in Singapore is often their home. It requires no additional work on the part of the business owner and it incurs no additional cost. It also makes sense, considering that an estimated 60% of business owners work from their homes—whether from their home office or a kitchen table.



Legal Downsides of Home Addresses
There are some downsides and legal issues when business owners use their home address as their business address. The following are some of the more notable risks:

1. Lease and HOA rules. Some home addresses cannot be used as a business address. Specifically, apartment and condo complexes may restrict the ability of residents to run a business out of their homes. Some single-family homes may also have home owners' association (HOA) rules that have comparable restrictions.

2. Zoning restrictions. Some cities may have municipality codes that restrict or prohibit homeowners from running a commercial operation from their homes. Or, in some instances, only certain types of businesses may be prohibited.

3. Privacy concerns. Business owners intermingle their personal and professional lives when they list their home addresses, which they must provide to customers for legal contracts and other matters. Suddenly, they may find the privacy of their families compromised, with customers showing up on their doorstep unexpectedly.

Beyond the potential legal and privacy challenges that occur when business owners use their home addresses, there are also various missed opportunities.

Business Advantages of Singapore Virtual Office Addresses
An alternative to providing your home address is to use a "virtual office address." Virtual address services can include mail forwarding, a live receptionist, and a lobby directory listing. Some virtual offices also provide individual office space, conference rooms, and business services.
There are measurable business advantages to using virtual office addresses in Singapore instead of home addresses, including:

1. Professional presence and trust. When customers see an apartment or home address on a contract, statement of work, or invoice, it certainly won't give them a feeling of trust or professional presence. Your business address plays a critical role in building trust with prospects and customers, as well as giving you a local professional presence. A virtualofficeaddress.sg can provide this benefit.

2. Meeting location. You may not want to meet prospects or customers at your home address. Hotel meeting rooms are expensive, often twice the cost of a rented meeting room space, and coffee shops lack the privacy and confidentiality that many business meetings require. Since many virtual office address locations also include professional meeting room space, businesses reap the additional benefits this offers.

3. Business expansion. A home business address goes only so far. For example, for businesses that expand to new locations, they require local addresses. A SG virtual office address gives the business a local professional presence and a meeting location for clients and partners.
Business owners have a huge number of priorities on their plate. A virtual office provides administrative services and infrastructure that many businesses need, often at a price that fits their budget.

See our virtual office address service in Singapore