What is a virtual office?
Many start-ups are unwilling to spend too much money on offices due to cost considerations, and choose to work in coffee shops or at home. However, a proper office address is very important for a startup, both in terms of customer impression and business development. As a result, virtual offices become ideal for start-up entrepreneurs, allowing for both flexibility and image.
What is a virtual office?
According to information provided by the Companies Registry, more than 6,800 virtual offices have been registered in Hong Kong. These virtual offices provide a range of services, including important email reminders, phone management, business address use, etc., allowing start-ups to enjoy a professional office environment and corporate image while saving costs and resources. Virtual offices are an ideal solution for startups who want to project a professional image but don’t want to incur high office rent.
Rent an office building: Weekly financing with expensive decoration fee + 3 months deposit and first installment
Renting an Office Building Normally, when a commercial building is rented out, the tenant needs to decorate and clean it by himself, and it takes 2 to 3 months to make preparations before he can officially move in and start business. This is a huge challenge for 90% of companies in Hong Kong, because everyone is very busy and it is difficult to concentrate on the tedious affairs of renting an office. Entrepreneurs who are just starting out, especially, urgently need an office, but it is impossible to wait for 2 to 3 months for the decoration period, not to mention the expensive decoration costs and the need to pay 3 months' rent in advance as a deposit and upfront payment.
Benefits of virtual office 1: Save startup costs
Virtual offices save the cost of starting a business, because rents in Hong Kong are very high, and it is relatively cheap to rent a virtual office in a good location, saving the expenses and management time of starting a company.
Virtual office benefit 2: corporate image
Improves the corporate image, because virtual offices are usually located in prime locations in business districts. Compared with a residential address as the company's registered address, a commercial building address gives a more professional image. For example, Chinglink's company opening plan includes a company registration address for one year. The address we provide is located in the famous Star Plaza in Tsim Sha Tsui. By using a Grade A address as the company address, new customers can increase their trust in the startup company.
Benefits of Virtual Office 3: Reminders for receiving parcels and important letters
Virtual offices can also help you collect letters and parcels, especially when you need field work. They will collect company letters for you at any time and notify you in different ways to avoid unnecessary fines. For example, Chinglink will scan the customer's email immediately after receiving the letter for the customer. After receiving the reminder, the customer can instantly understand the content of the letter by simply checking his or her mobile phone at any time. All content is stored online, saving entrepreneurs a lot of administrative time. .
Benefits of Virtual Office 4: A legal address is required to open a bank account
The address of the virtual office is also legal as they hold a Hong Kong trust or company service provider license, which meets legal requirements and bank account opening requirements. This just solves the trouble of being checked by the bank when opening a company account, and speeds up the time to successfully open an account.
Virtual office benefit 5: High flexibility
Virtual offices are highly flexible with flexible and transparent pricing. Especially as remote work becomes mainstream, you can manage a Hong Kong company while away from home.
Virtual office benefit 6: Reserve for future business expansion
After starting a company, new entrepreneurs in the development stage need flexible space to cope with future business expansion and adjustments. Companies that usually have 5-10 people may make adjustments to their manpower, positions, and departments in the next six months or one year. When choosing a work space, they must think from a longer-term and more strategic perspective, so as not to cause the office to become overcrowded. Become a bottleneck for business growth. In this case, choosing a virtual office that offers short-term leases may be a good solution.
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