Are you currently starting a company in Singapore? Are you going to travel frequently to Singapore on business? If the response is yes, then you definitely must consider renting a Singapore serviced apartment if you wish to live in a place that resembles home and is more affordable, comfortable, and convenient as compared to hotels.
Why entrepreneurs and executives require a serviced Singapore apartment?
1. It requires One day each to incorporate a company, make a company seal, and register join Work Injury Compensation Insurance. That's 3 days in most.
2. If you need any permission in the government, then your process may take as much as Fourteen days. You are able to make an application for permission and go about property hunting within the time that it takes for the permissions to come through.
3. For those who have chosen a property by then, it might have taken you 17 days so far. In case your property hunt and rental formalities aren't yet complete, you'll need more time. Remember that leasing a workplace needs time to work and if you rent a conventional office, then you'll have to lease it for a minimum of 2 years. So, consider getting a serviced office in Singapore in case you intend to maintain the country for under 24 months, or don't want to risk getting into long-term commitments. The whole office-leasing and registration formalities could stretch as much as 30 days.
4. Once the registration has ended and also the office is within place, you're ready to start the fit-out work. Alongside, stationery has to be printed and the government needs to be notified of the business address and other developments. You must register using the provident fund authorities. Each one of these processes take some time, and also the total set-up time, including completion of financial formalities can well stretch up to 8 weeks.
If you remain in expensive hotels all this while, you will have to spend through your nose, and eat greasy, oily food. Expensive hotels stay will impact your finances and your health. Moreover, if you're accompanied by your family, it can lead to more inconveniences. Choose to stay in a Singapore serviced apartment - you can cook your house food, get home-like comforts, get enough space for the whole family, do your own laundry within the apartment's common area using the equipment provided by the apartment management, and save lots of money on rent and food.
Singapore contains serviced apartments in lots of locations - Orchard, River Valley, Bukit Timah, Bugis, east Coast, and West Coast. Each location is well attached to the city. If you wish to live in the center from the city (i.e., the Central Business District), choose Orchard or River Valley; if you are cash-rich, opt for Bukit Timah, that is a very posh location situated on a hill; if you are on a budget, choose East Coast; and if you are scouting for industrial business, go with West Coast. Remaining in a Singapore serviced apartment makes complete business sense when compared with staying in a cramped hotel room.