Why is a registered office address required in Singapore?

What is the relevance of Registered address for the Singapore Company? Why is it required?

To incorporate a business in Singapore, one must register a local Singapore address as the official address of the company. It is one of the mandatory guidelines in the Singapore Companies Act.

If you fail to provide a local Singapore address as the registered address of your company, you cannot incorporate your company in Singapore.

Any member of the public should be able to visit the registered office of the company during working hours if they have any inquiries or complaints against the affairs of the company.