In 2017, New Zealand was awarded a very impressive accolade. According to the World Bank and its annual Doing Business review, it is the easiest place in the world to launch a new company. With a highly competitive tax system, low compliance, and transparent regulatory bodies, there is nowhere better for ambitious entrepreneurs.
Setting up a business is relatively simple here, but it’s important to find a solid base first. This can take almost any form, but it should give you a viable address for legal documents. Virtual offices are a great choice for cash-strapped companies because they provide the official address without forcing users to pay for a full-time lease.
This article explores the benefits of renting a virtual office in Auckland – Servcorp NZ is currently the most popular provider in the city.
Where to Find a Virtual Office
If you work with a premium provider like Servcorp, you’ll be treated to a spot in the finest neighbourhood. This might sound strange considering the lack of physical space. However, you don’t need to rent a fulltime, private office to take advantage of the impressive address.
Virtual tenants are permitted, nay encouraged, to claim the address of the central facility for their own. It may be used for letters, during phone calls, and as a place to host corporate meetings. Consequently, the best virtual offices are always located in busy, thriving spots.
Understanding the Virtual Model
The virtual office is not like a traditional lease. Though the operator runs a real corporate facility that can be visited at any time, tenants do not rent this space. Instead, they log in from their own locations and access the resources remotely. All they need is an internet connection.
So, the most common way to use virtual offices is as a support system for home businesses. Tenants still get access to an official mailing address, phone line, and formal location. They just don’t spend a lot of time at the facility. They mostly work from home or while on the move.
How to Become a Virtual Tenant
Registering with a virtual office in Auckland is simple. Once you’ve located a suitable facility – one that is centrally positioned and fully equipped – you can make a down payment. This is customary and usually covers the first month of use and tenancy.
There are no rigid contracts, so you won’t be asked to sign a ‘no departure’ lease. Often, rental agreements are offered on a rolling basis. This makes it easy for the vendor to serve your needs. It also gives you a lot of freedom in regards to early termination, if required.
The Benefits of Going Virtual
Well, there’s the extremely low cost for one thing. The expenses and overheads associated with a virtual office are practically non-existent. You don’t have to pay the rent, but you still get access to many of the same resources. For companies that already work from home, there’s no better arrangement.
Even if you’re a young company with no clear idea about where you want to go, virtual offices are a great resource. With no lock-in lease, there is no obligation to stay any longer than you want to. It means virtual workspaces are easy to rent and just as easy to leave. Think about this if you haven’t got clear plans for the future.
Why the Virtual Office Should Be Your Next Adventure
In New Zealand, markets are starting to be dominated by small, flexible businesses and bootstrapped start-ups. So, it is no surprise that cities like Auckland are at the forefront of the virtual revolution. These workspaces are affordable, easy to maintain, and highly adaptable.