Virtual Offices in Singapore: Pros & Cons

Who knew that Covid-19 would have been a key driver for many digitalisation initiatives by companies, even to a point where it was hailed as ever company’s Chief Technology Officer? Well, the pandemic has brought light to the need for a physical office, with lockdowns restricting movement to and from the offices.

With remote and hybrid working a popular trend among businesses, companies are relooking at their workplace strategy when it comes to having a physical office. The idea of having a virtual office is now the talk of the town, and rightly so, as hybrid working model is here to stay, especially for newly incorporated companies in Singapore and even globally.

A virtual office is a service that empowers businesses and employees to work remotely without the need for a physical space while utilising the infrastructure of a corporate organisation such as telephone and messaging services, meeting rooms, mailing address, and more.

Here’s the full breakdown of the most common virtual office characteristics:

The popularity of virtual offices in recent times is because of its list of advantages, which includes the following.

If you require serviced offices and/or co-working spaces, you can check our offering here. While there are plenty of advantages, businesses should also understand the downsides of having a virtual office.

Private mailboxes represent an alternative to virtual offices, although there is less flexibility for such arrangements. The differences are highlighted below.

Singapore is a great place for entrepreneurs and investors to start a company because of reasons like stable political environment, its ease of doing business, and more. Check out our article on the reasons why Singapore is the destination to be when starting a company!

If you need some business inspiration on which industries to venture into in Singapore, you can have a look at the top business opportunities and growing industries before making your decision.