Nowadays, renting luxury office not always is not smart and necessary. Business became global and international and for this reason it it time to think about new options. It is time for virtual office.
A virtual office is a working space created virtually with the aid of computers and other digital equipment, i.e. without using physical premises. The functionality of a virtual office can range from a simple call forwarding to a full virtual working space for many employees, equal to a real physical office.
A virtual office has a number of benefits and advantages over a traditional, physical office. These are as follows:
- Lower costs;
- Local presence;
- Prestige;
- Employee convenience;
- Better information management;
- Possibility to choose space with better internet connection;
- Staff will not be late because of traffics;
- Connect and work with employees, customers and business partners from all over the world;
- Benefits from being able to manage your time more effectively;
- A more productive work environment;
- More opportunities to hire part-time or contract workers;
- It helps you to be eco-friendly;
- You can hire more employees if you need;
- No need for relocation.
Cost of a virtual office is less than that of a traditional office. Although virtual office services may differ depending on the specific needs of each customer, they usually include the following aspects:
- Legal address
- Call, document, mail and e-mail forwarding
- Virtual working space
- Conference calls
Now you know what virtual office is, and how a virtual office can make your life easier as a business owner. When setting up a virtual office, it is important to remember that it might not be enough to provide a sufficient economic substance to your business, which is why it is important to maintain a balance between going fully virtual and leaving some economic activities in the real space. As the actual amount of economic substance required is very different between jurisdictions.
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