August 03, 2015 | Sharon Cheong
Singapore offers a great deal to investors and entrepreneurs and though thousands come each year looking to start their own small business, the language and culture can be complex. One thing that can benefit newcomers is simply to hire a local consulting firm to help fill out work visa paperwork, get business licenses and offer advice about leasing commercial space. When you have a reputable local consulting firm to advise you, you might be able to avoid common errors made by foreigners.
Getting a Prominent Office Address
The country of Singapore is truly business-friendly and the government extends a helping hand in the form of various programs to assist newcomers. In addition, many experts agree that Singapore has excellent shipping ports, low cost labor, and lots of good commercial and industrial space. There's no reason not to succeed in a business start-up in Singapore. One of the big things that can help your company get the best contracts is by showing a good main office location on your letterhead and correspondence. When people see that your offices are located in an upscale skyscraper in Singapore, they will have confidence in your ability to fulfill their orders.
Innovative Coworking Spaces
Many entrepreneurs are taking advantage of coworking spaces. These types of office space work well for those who only need a part-time office and will never be seeing clients or entertaining investors. You can take advantage of these shared office spaces for a very low cost. Most of those who use them now are work-from-home individuals, people who travel quite a bit, and independent contractors. This clever concept might be perfect for your situation.
Local Classified Ads
Singapore newspapers and magazines have regular listings for office spaces in all areas of the region. Trade publications might yield especially good results. Since you would in effect be dealing with strangers, it's best to check their references thoroughly. Ask questions about the types of equipment and furnishings that will be included. Experts recommend getting everything in writing so you'll be fully aware of what to expect. Don't be shy about asking for a lower price or additional amenities so that you get your money's worth.
Commercial Real Estate Agents
Singaporean real estate agents always have an abundance of office space listings in various parts of the city. Make it clear what your requirements are and ask whether you or the property owner will be paying the finding fees. Spaces in downtown high-rise buildings will come at a premium, so be specific about your needs. Include information about the office size, location and amenities. It may be possible to have the agent negotiate with the property owner for lower monthly rates, so be sure to ask if this is the lowest possible lease amount for the space.
Servcorp Serviced Offices in Singapore
Many businesses require upscale office space in prestigious buildings such as Suntec Tower Three and the PSA Building. These are well-established landmarks in the city's financial district. Servcorp offers the best in luxury leased office spaces and these come in all sizes from a small space for one or two individuals to a full suite of offices. If you have foreign investors or wealthy clients coming to town, Servcorp can provide attractive meeting rooms and board rooms that are fully furnished and equipped. This is the fast and easy way to get your offices set up in Singapore and begin making your mark in the world. Call +65 6690 6161 for more information.