Yes, it is possible to change the registered office address of a company in Singapore. The registered office address is an important detail because it is the official contact point for government agencies and, therefore, the place where all official correspondence is sent. Every company in Singapore has to notify ACRA of any changes in the registered office address within 14 days from the date of change.
The registered office address may be changed by following some procedure. First of all, one must ensure that the new office address satisfies the requirements specified by ACRA. It has to be a physical office in Singapore. It must not be P.O. Box office. Moreover, it must also be accessible to the public for a minimum of three hours during the standard hours on each business day. If the new address is a residential property, such as in cases under the Home Office Scheme, prior approval from HDB or URA is required.
When the new address has been secured, the company needs to pass a board resolution to approve the change. This step ensures that the decision is documented and in line with the company’s governance structure. The change needs to be filed with ACRA through the BizFile+ portal after the resolution has been passed. In this regard, the applicant has to log in via a CorpPass account on the BizFile+ portal, make the necessary update of address details under the relevant section, and submit the change. ACRA does not charge a fee for this filing.
Besides notifying ACRA, other stakeholders, such as business partners, clients, and government agencies, should be informed of the updated address. The company is also supposed to change its stationery, websites, and other official documents to the new address.
Filing the change of address on time and accurately is important to ensure compliance with ACRA’s requirements. If the notification to ACRA is not done within the required 14-day period, there is a possibility of penalties. By taking these steps, companies in Singapore are able to update their registered office address efficiently while remaining compliant with regulatory requirements.