Virtual Office Plan as a product offering is a completely legal one, that is why all prestigious business centers across India or throughout the world have been offering this plan for more than 60 years. Virtual Office is a service provided to provide a business with an asset-light/ capital-light mechanism to own a business address for business correspondence and government registrations.
What is Virtual Office
Virtual Offices are basically premium office address in prime locations, offered by professional business centers and co-working spaces to their clients/members, on monthly/yearly subscription plans. This allows a business to establish a local presence in that region, without having to invest in infrastructure costs of setting up/renting their private dedicated office space. A lot of businesses in the modern-day don’t require physical office setups due to remote workforce or nature of the business being service-oriented.
Therefore they rent the professional services and address offered through virtual office plans, to register their business in commercial addresses rather than residential addresses, to present a professional image of its business to the customers, vendors, and clients.
When a business can 90% of the rental costs through virtual office plans, it becomes a very lucrative proposition for businesses to own virtual office addresses in those locations where a physical office setup is not necessary for their business operations.
Further the turnaround time of such solutions if 2-3 days, which saves time and business can get started in that geography instantly. The KYC documents of the client have to be submitted to initiate the documentation formalities.
Further access to additional paid services like professional meeting rooms (even on an hourly basis), lunge facilities, Professional Call Answering, Call Forwarding, Local Business Phone Numbers, Postbox facilities, Mail Forwarding are other factors that make service suitable for most businesses.
The best part is that one doesn’t have to invest any fixed capital in this infrastructure, they can use it on pay per use model, and can scale as their business’ requirements grow. But with such a model, they can present an image of a professional organization to its clients/vendors, which will give them the confidence to transact with them. In today’s economy, every business should keep the costs to the minimum by using such on-demand sharing economy solutions.
Flexibility to change the address without much switching costs also is an advantage business thinks of. As your business grows, a business can always shift to its own office, and there is not sunk cost of that in case of a virtual office. Also, a virtual office allows shifting business address to preferred locations, as per the demand of the business or the clients.
Further, the virtual office allows a business to have multiple addresses in the same city or in multiple cities in order to attract more business through Google maps business location listings.
Virtual Office helps businesses to have a branch office in any part of the country where they desire and from that office it allows the client to cater to the local compliances of that city/state. This helps them in opening up wider audiences for their business and catering to a local clientele of that region.
Since these virtual offices are provided at professional business centers and co-working spaces, if any client of vendors wants to conduct a meeting with the business, the business owner can always book professional meeting rooms on an hourly basis, without the need for them to block it for the entire day. Common areas/facilities of lounge and receptions too can be used (wherever available) free of cost for client interactions.
Virtual Office Signages
There is an option of availing signage for the business too in these virtual offices. The signage’s are displayed permanently during the tenure of the agreement, and this gives confidence to the clients/vendors and gives a professional image of the business.
All in all, for any kind of business needs, there is some virtual office plan which can be handy for a business of any size.
InstaSpaces offers all kinds of virtual office plans in all 28 states and approximately 100+cities along with union territories in India. Prices start at as low as INR 1000/month. One can also avail of the virtual office plan for more than 1 year for up to 3 years at once, for a discounted subscription price.
InstaSpaces handles every particular legal formality in terms of GST registration. Hope this information can help you to make a big move in being a part of InstaSpaces. If you’ve got any query, visit the web site and connect with our skilled support team for the detailed view.
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