Startup-friendly Office Option: Virtual Office Posted On: December 7, 2020 | Last Updated: January 8, 2024 | Posted in News, Thoughts The initial costs of starting a new business can be too much for the modern-day Filipino business owner, and not to mention that a huge portion of the initial setup cost is allocated for the establishment of an office space to help begin the business registration process. However, there are different ways one can lower the initial setup cost when it comes to office space & one of these is to get a virtual office. But first, what is a virtual office? According to Investopedia, A virtual office gives businesses a physical address and office-related services without the overhead of a long lease and administrative staff. With a virtual office, employees can work from anywhere but still have things like a mailing address, phone answering services, meeting rooms, and videoconferencing. To put it simply, if one gets a virtual office for their company, they automatically get an official address for their business without physically occupying the space they have chosen to get their virtual office from. This is a great, cost-effective setup especially for startup companies who are processing their business registration papers, have not begun operations, and would not need to occupy a physical office just yet. Also, due to COVID19, a good number of the workforce, especially those from the Business Process Outsourcing(BPO) industry here in the Philippines, have already decided to go fully remote. In fact, in Cebu City, a lot of office spaces have been vacated by tenants who used to occupy at least 2,000 square meters. These companies have chosen to downsize, in order to get rid of office space they are not using and control the overhead costs. However, these companies would still need to renew their business permits. Renewing the business permit would require them to update their business address and in this case, getting a virtual office is the most suitable, cost-effective solution for them until they are ready to occupy an office space once again. (Find out how we are moving forward as flexible office space provider in Cebu City) Suffice to say, the main “pro” of getting a virtual office is the low initial setup cost and the flexibility that it gives to the company as a result of the lower overhead cost . But what are it’s cons? Well, the most obvious is the lack of physical office space. But if there really is no need for a physical space yet, then this con would not apply. However, should there be an immediate need for an official place where business and operations can be formally conducted, it is up to the virtual office provider as to what additional services they can offer and how flexible they can be when it comes to their services. For example, here at The Company, should virtual office members need a physical workspace immediately, they are allowed to automatically upgrade to a co-working space plan or rent a couple of office seats for a small cost. In connection to this, we would like to emphasize that in choosing the right virtual office provider, the business owner must always consider the following: what their goals are what services they would truly need what their budget is which prestigious business address they want to be registered from, and the flexibility of the virtual office provider when it comes to providing the services. So, now you are now wondering what The Company’s virtual office packages are. Well, we have divided it based on the length of the contract term: 6-month, 12-month, & 24-month term and the pricing is lower if the term is longer. Additional services that you may add to your virtual office are the following: Hybrid Office Space Setup Hybrid Co-working Space Setup Executive & Private Office Setup Dedicated Desk Setup Multilocation Co-working Space Access Call Answering Services Mail & Package Receiving Services Mail & Package Handling Services Payroll & HR Support Recruitment Services Meeting & Training Room Use Business Matching, Marketing & Sales Services Public Relations Services Office Fit Outs PC Rental Legal Services Business Registration Assistance Accounting & Bookkeeping Service If you have any questions about setting up a business using a virtual office in Cebu, you may reach out to us anytime. Talk To Us Now Get a Quote Now How Co-working Spaces Look Like All Over the World April 16, 2024 Explore transformative co-working in Japan & the Philippines, where tradition meets innovation and hospitality fosters collaboration in vibrant communities. Read More... Launching Your Startup on a Budget: Location, Costs & Solutions April 15, 2024 Launching your dream startup shouldn’t break the bank! In this short blog, we’ll unveil the realities of startup costs and show you how to plan for success. We’ll explore how your choice of location impacts your budget, delve into recurring and one-time expenses, and emphasize the importance of having a runway of funding. But wait, there’s more! Discover how virtual offices can slash your overhead and keep your business image polished. Read More... Smart Work, Smart Choice: The Company Cebu’s Virtual Office Revolution in the Philippines January 8, 2024 In the era of booming remote work, The Company Cebu presents a revolutionary approach with cost-effective virtual office solutions. Explore the transformative benefits, including cost savings, flexibility, enhanced professional image, and a healthier work-life balance. Read More... Event Planning: A Comprehensive Guide from The Company Cebu December 29, 2023 Event planning is an art, a delicate blend of creativity, strategy, and execution. By understanding your event’s essence, crafting a comprehensive budget, choosing the perfect venue, creating engaging content, devising a robust marketing strategy, ensuring seamless logistics, and evaluating your efforts, you transform visions into reality. Read More... How to Register Your Business in Cebu City December 24, 2023 Starting a business in Cebu City, Philippines, is an exciting venture filled with opportunities and potential for success. However, navigating … Read More... Elevate Your Work Experience: The Unmatched Advantages of The Company’s Coworking Spaces December 18, 2023 Tired of couch-potato workdays? Ditch the distractions and find focus in The Company’s vibrant coworking spaces. Boost productivity, spark creativity, and build powerful connections. Join a global community of go-getters and unlock your full potential. Read More... Unlocking Global Success: 5 Key Benefits of Employer of Record Services and The Company Cebu’s Role in Streamlining Global Expansion November 28, 2023 In the ever-evolving business landscape, global expansion is a strategic imperative. Employer of Record (EOR) services provide a solution to the complexities of international employment, offering cost-effectiveness, risk mitigation, compliance assurance, scalability, and access to global talent. The Company Cebu, a renowned co-working space and EOR provider, stands out in streamlining these processes. From safeguarding against legal risks to enabling seamless onboarding, The Company Cebu is your partner in achieving global success. Discover how their expertise can propel your business forward Read More... Unlocking Global Expansion: The Power of Employer of Record (EOR) with The Company Cebu November 21, 2023 Discover the transformative power of Employer of Record (EOR) services with The Company Cebu. Streamlining global expansion, their comprehensive offerings, including payroll outsourcing and flexible workspace solutions, redefine how businesses navigate new markets. With reduced risks, compliance assurance, and access to local talent, The Company Cebu becomes the strategic partner for enterprises unlocking their global potential. Read More... Streamlining Event Registration and Check-In: A Guide for Organizers from The Company Cebu November 17, 2023 Host your next event at The Company Cebu and experience the difference of a well-organized event with a seamless registration and check-in process. Our team of experts will help you choose the right tools and strategies to streamline these processes and create a positive experience for your attendees. Contact us today to learn more about our event space and services. Read More... The Company Cebu: Where Global Excellence Meets Cross-Cultural Collaboration November 10, 2023 Discover the transformative benefits of working with cross-cultural teams in The Company Cebu’s dynamic co-working spaces. From personal growth and cultural sensitivity to professional development and global collaboration, our international community unlocks a world of opportunities for freelancers, startup founders, and corporate professionals alike. Read More...
How Co-working Spaces Look Like All Over the World April 16, 2024 | blogs, Deep Dives, Space Features, Thoughts Explore transformative co-working in Japan & the Philippines, where tradition meets innovation and hospitality fosters collaboration in vibrant communities. Read More →
Lunch with The Future of Cebu’s Real Estate March 7, 2024 | Business 101, Event, News Embark on a promising journey with The Company Cebu into 2024, guided by insights from the “2023 Retrospective.” Economic resurgence, declining inflation, and the Peso’s regional prowess set the stage for a vibrant real estate landscape. Cebu’s global appeal is underscored by its 100% conventional status, attracting 64% of US companies, particularly from the BPO industry. Explore opportunities in Cebu IT Park, where 35,000 sqm of office space beckons. As we embrace the new era, The Company Cebu stands at the forefront, ready to redefine Cebu’s real estate narrative, showcasing resilience and innovation in navigating challenges for a prosperous 2024. Read More →
Bridging Cultures: The Company Cebu Joins the JEE Japanese English Exchange in Cebu February 28, 2024 | Events, blogs, News The Company Cebu staff joined a Japanese-English exchange event, connecting with Japanese residents, travelers, and students, gaining cultural insights and building meaningful connections. Read More →