A virtual office in Singapore is a great option for new companies in Singapore. It is cost effective, and the lower cost generally means a lower financial risk. For a new business in a foreign market, this lower risk is a big advantage. However, there are a few factors to consider before choosing a virtual office in Singapore.
Cost-effectiveness
Virtual offices are a cost-effective solution for companies looking to establish themselves in Singapore. Prime office rental costs are among the highest in the world, making them prohibitively expensive for most start-ups. The same can be said for work visas for foreigners. Additionally, an address in the city’s central business district can help establish a creditable business image.
To ensure the cost-effectiveness of your virtual office, you should select the services that match your business needs. For instance, if you expect your staff to handle a high volume of calls, you may want to consider a plan that includes unlimited call handling and mail handling. You should also make sure that the virtual office you choose is fully secured, and that you are assured of the confidentiality of your information. For this reason, you should look for a provider that has WPA2 encryption on its network. Otherwise, your information could be leaked if the service provider fails to meet its obligations.
Virtual offices are also beneficial to SMEs. In addition to providing professional admin support, they also offer other services, including meeting rooms. These extras can help SMEs retain their customers.
Location
If you want to establish a presence in Singapore, there are many advantages to setting up your virtual office in a good location. First, a good location will benefit your marketing efforts. It is best if you choose an address that is close to the business district. This will give clients the impression that your business is thriving. Furthermore, an office in a central location will make it easy for clients to get in touch with you. Some locations that are good choices for virtual offices include Robinson Road, Shenton Way, Battery Road, Clarke Quay, North Bridge Road, and Raffles Quay.
Another advantage of a Singapore virtual office is that it will project the image of a thriving business. A business that has a well-known financial district address will create the impression that they are successful and well-established. A location in this part of town will make it easy for clients to find you and your company. Some of the most popular corporate locations include Robinson Road, Shenton Way, Battery Road, and Clarke Quay.
Benefits
Using a virtual office in Singapore can provide a number of benefits to your business. It can include a mail forwarding service and access to meeting rooms where you can meet with clients and showcase new products and services. This can allow for greater flexibility and faster growth. It can also reduce costs related to commuting to and from work. You can even work from home without incurring travel expenses, which can be very beneficial to a startup business.
While the cost of renting a conventional office is not cheap, renting a virtual office in Singapore is definitely an option that can save you money on your business expenses. In fact, a virtual office can be as inexpensive as S$40 a month. Many of these providers provide a full suite of services, including telephone answering, receptionist, and support teams. Depending on your needs, you can even upgrade your membership to include a range of their other services, including meeting rooms and event spaces.