In an increasingly digital and interconnected world, personal privacy is a growing concern. Recognizing this, the Accounting and Corporate Regulatory Authority (ACRA) in Singapore has introduced a game-changing option for individuals—displaying an Alternate Address instead of their Residential Address on Public Records. 

This initiative is a significant step toward enhancing Data Protection for Company Directors and Shareholders. Additionally, for businesses looking to establish themselves in Singapore, it’s essential to ensure compliance with privacy regulations while leveraging the country’s business-friendly ecosystem.

Beaufort.SG not only offers Alternate Address Services but also assists with incorporating Singapore Companies and Singapore Subsidiaries, providing a holistic solution for businesses aiming to thrive in this dynamic market.

This blog delves into ACRA’s Alternate Address option, why it matters, and how Beaufort.SG’s Alternate Address Service can safeguard your privacy while ensuring compliance with ACRA’s regulations.

Understanding ACRA’s Alternate Address Option

ACRA’s Alternate Address initiative is designed to protect the privacy of individuals while maintaining transparency and accessibility in corporate governance. Here’s how it works:

1. Mandatory Disclosure of Residential Address:
   Individuals must still provide their Residential Address to ACRA, but they can opt to display an Alternate Address on Public Records.
2. Conditions for Alternate Address:
   The Alternate Address must be a physical address in the same country, as the individual’s Residential Address. It cannot be a P.O. Box or an email address.
3. Default Public Display:
   If an individual does Not provide an Alternate Address, their Residential Address will remain Publicly visible.
4. Exclusions:
   The Alternate Address option is available for individuals, such as Directors and Shareholders, but not for Corporate Shareholders.

This new option offers a balance between Privacy and accessibility, but it’s up to individuals and businesses to take action to Safeguard Personal Data.

Why Privacy Matters for Individuals and Businesses

In today’s world, Personal and Corporate data is a Valuable commodity. Here’s why Protecting your Privacy is Critical:

1. Mitigating Identity Theft Risks:
   Publicly visible Residential Addresses can make individuals vulnerable to identity theft and fraud.
2. Preserving Personal Boundaries:
   Business leaders and shareholders often seek to separate their professional and personal lives. An Alternate Address provides this boundary.
3. Enhancing Professionalism:
   Using a Corporate-friendly Alternate Address instead of a Residential one, projects a professional image and builds trust.
4. Complying with Data Protection Standards:
   Privacy concerns are a growing focus globally, and adopting best practices can prevent potential legal or reputational issues.

Introducing Beaufort.SG’s Alternate Address Service

At Beaufort.SG is proud to offer a comprehensive Alternate Address Service tailored to meet the needs of Businesses, Directors, and Shareholders. Our solution not only ensures Compliance with ACRA’s requirements but also provides Peace of Mind.

What We Offer:

1. Daily Mail Notifications:
   Receive timely updates about all mail received at your Alternate Address.
2. Secure Safekeeping of Mail:
   We store your mail securely, allowing for hassle-free self-collection.
3. Cost-Effective Solution:
   At just S$120 per person annually (S$10 per month for Privacy) our service is an affordable investment in Protecting Privacy and enhancing professionalism.
4. Flexible Billing Options:
   • For Companies: We bill the corporate entity based on the number of directors and shareholders using the service.
   • For Individuals: We offer personalized billing for those sitting on multiple company boards.

Who Should Use Beaufot.SG ’s Alternate Address Service?

Our service is ideal for:

• Businesses in Singapore: Protect the Privacy of your Directors and Shareholders by providing them with a professional Alternate Address.
• Individual Directors and Shareholders: Especially those involved in multiple companies who want to streamline their contact address.
• Foreign Directors: Gain a professional local address while Safeguarding Personal Data.

Why Choose Beaufort.SG?

1. Expertise in Corporate Services:
   With years of experience since 2004, Beaufort.SG understands ACRA’s compliance requirements and ensures seamless integration of Alternate Address solutions.
2. Professionalism and Privacy:
   Our service prioritizes discretion and professionalism, helping you present a polished image.
3. Hassle-Free Implementation:
   We handle all the logistics, from setup to daily notifications, so you can focus on your business.
4. Affordable and Transparent Pricing:
   At just S$120 per person annually, our service provides exceptional value for the Privacy it ensures.

Taking Action: Why Now Is the Time

The Risks of Not Addressing Privacy Concerns are too significant to ignore. With the Alternate Address option now available, individuals and businesses have a clear pathway to Protect their data.

Failing to Act could lead to:

• Privacy Breaches: Exposure of Residential Addresses on Public records can have unforeseen consequences.
• Reputational Damage: Businesses that neglect Privacy concerns may lose trust among stakeholders.
• Missed Opportunities: A professional Alternate Address enhances credibility and opens doors to new ventures.

How to Get Started with Beaufort.SG’s Alternate Address Service

Step 1: Consultation
Reach out to our team to discuss your specific needs, and ensure Compliance with ACRA’s requirements.

Step 2: Setup
We handle the logistics of setting up your Alternate Address and notify ACRA on your behalf.

Step 3: Stay Informed
Enjoy daily notifications and secure mail storage for complete peace of mind.

Step 4: Focus on Growth
With your Privacy Protected, focus on expanding your business and building professional relationships.

Conclusion

ACRA’s Alternate Address option is a significant step toward Protecting Privacy in Singapore’s business landscape. With Beaufort.SG’s Alternate Address Service, individuals, and businesses can seamlessly comply with these new regulations while safeguarding their Personal Data.

For businesses planning to expand or establish a presence in Singapore, Beaufort.SG also offers expert guidance on incorporating Singapore companies or subsidiaries, ensuring a seamless and compliant setup. 

By combining privacy protection with comprehensive incorporation services, Beaufort.SG empowers businesses to focus on growth without compromising on security.

Don’t wait until it’s too late—secure your Alternate Address today and experience the Peace of Mind that comes with professional, reliable support.

Take Action Now: Protect the Privacy of Your Directors and Shareholders!
Contact Beaufort.SG today to learn more about our Alternate Address Service.

Your Privacy is our Priority.