What is Virtual Office?
From the enquiries I received, I understand that most of the entrepreneurs doesn't know what Virtual Office solution is for. To keep it simple, the Main Purpose of getting a virtual office provider is:
To "rent" their business address as your own.
Instead of the usual leasing of office space, virtual office is an excellent way to cut down risk in starting a business.
With this business address, you can use it as a registered business address (or registered office address) when you register with ACRA (Accounting & Corporate Regulatory Authority - www.bizfile.gov.sg), formerly known as Registry of Companies & Businesses. You can use it for other stuffs like:
Put it in your name cards, letterheads, rubber stamps, envelopes, mailings, greeting cards, etc.
Open a bank account, apply for government grants, etc.
Use on any official documentations.
In short, Virtual Office services are a range of professional business support solutions suitable for both emerging entrepreneurs and established business.
In Singapore, it is illegal to operate a business without a proper legal registration with ACRA (www.bizfile.gov.sg). And to register with ACRA, it is required to have a place of business, preferably a commercial address although currently you may use your residential address. However, we advise entrepreneurs not to use their residential address for privacy issues.
Frankly, virtual office is a cheaper solution than leasing an office space. It is estimated that virtual office help to save more than 80% of the startup cost, unless you are looking to have a lease a 100 sq. ft. CBD office that going for $1 per sq. ft. (which is impossible!).
How much could I save from using Virtual Office?
Suppose that you're looking to get a decent CBD office with a receptionist. Here's the breakdown for 1 year:
- 300 sq. ft. Office Rental - $900 x 12
- Renovation & Furnishing - $5,000
- 1 Receptionist - $1,000 x 12
- 1 Phone & Fax Line - $50 x 12
- 1 Internet Service - $250 x 12
- Utilities - $50 x 12
- Total - $32,000
Instead of paying $32,000, Virtual Office First Class offers the same services at lower price of about $800 a year, means you will enjoy a savings of more than $30,000. But of course, you get your own table in your own office but you wouldn't sit around and wait for business, would you?
What is the minimum subscription period?
The minimum subscription period would be 6 months. However, if you require any shorter period, please contact our friendly customer service officer for more details.
How to change service providers?
I'm pretty upset by how virtual office providers in this market operate. After chatting with some of the entrepreneurs who switched to us, we realized that there are a lot of bullshit from these providers.
First, they seem to have policies that are troublesome and unfriendly for customers who wish to change providers. Either you have to provide some difficult-to-obtain notification or receipt or whatsoever, etc. Think about it - DO YOU REALLY NEED TO DO ALL THESE TO CHANGE FOR THE BETTER?
To be frank, THERE IS NO SUCH NEED. As much as it's their company policy, it's your right as a consumer to change provider and you could pretty much stop using their service by not paying your annual charges.
The only key problem is updating everyone of the new address and the entire migration might take approximately 1-2 months. However, would you stick with your current provider who betray your trust, OR spend a little resource to save yourself time and get the quality of service you promptly deserve?
At Virtual Office Singapore, we challenge ourselves to keep our customers through great quality services and value-for-money solutions, NOT like our competitors who have to use such dirty tactics to force their existing customers to stay on.
Talk to us (6725 8088 / sales@virtualoffice.com.sg) to find out how you could save yourself all these hassles (and save yourself more than 30% of the cost!).
Will there be refunds for termination?
There will be refunds for terminations during our 14 days money back guarantee period. After this period, refunds would only be available for termination stipulated by Virtual Office Singapore.
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Contributor's Note
This is extracted from the website stated below.The service is
available wordwide!
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