The virtual office rental service model has developed strongly in the office leasing segment. Currently, virtual offices are quite popular with small businesses, startups, as well as branches and representative offices. This is considered their savior in terms of cost savings, human resources, and the problem of choosing a convenient location, near the center. What is the current virtual office rental industry like? Why is a virtual office right for you and what benefits does your business get from this smart office model? Today, LSX Lawfirm will give you an article about “Virtual office rental industry in Vietnam today“, as follows:
What is a virtual office?
Although virtual offices are increasing in number, the current law still does not define what is a virtual office. In fact; This term is used to refer to a form of transaction representative office in which all transaction information is redirected to the actual transaction office of the business.
Virtual office (Virtual Office) or package office, also known as “0m2 office” is a term used to refer to a form of representative office leasing. A virtual office is a place for businesses and companies to rent space; At the same time, the virtual office provides a full range of basic services for a company.
This is considered the place to exchange documents; meet company partners; also known as the place to ensure the company’s legal requirements. Can be understood simply; that a virtual office is a form of leasing a place for business registration; Therefore, the cost of a Virtual Office is very economical compared to renting office space in office buildings as usual.
What is the current virtual office rental industry like?
When using this service; customers do not have to move furniture; equipment arrives but only signs are placed; the logo of your business is there. When the transaction is needed; businesses can rent office resources for a certain period of time at a low cost; Make the most of your business time.
Besides, Enterprises do not need to have permanent employees. The virtual office service provider’s human resources department will answer the phone; receive faxes; emails and related papers as the company’s receptionist or secretary. Later, All of this information will be sent to the rental business.
The cost of a virtual office is often much lower than the cost that businesses spend to set up a normal office; helping businesses save space rental costs; electricity; country; guard; personnel,…
Who are the users of the virtual office?
Objects that often rent virtual offices include:
- Firstly, Small and medium enterprises wishing to save costs; personnel optimization; use available resources and resources;
- Secondly, Individuals who are preparing or have just established a business;
- Thirdly, Individuals; the organization needs good address information to promote the business image in prime locations; convenient;
- Fourthly, Enterprises are tending to expand their business markets;
- Fifthly, Groups or individuals; freelancers taking on their own projects; doing freelance work; Multinational enterprises exploring;
- Sixthly, Entering new markets requires just enough space for a few employees to work.
Virtual office business conditions
The virtual office business is like registering a regular office sub-leasing business with similar conditions and procedures.
The business of virtual office rental services belongs to the group of real estate businesses and is one of the conditional business lines. These conditions include:
- Firstly, Objects are allowed to do business in virtual office services When trading virtual office services on a regular basis; On a large scale, organizations and individuals must establish enterprises or cooperatives; registered in the real estate business. Thus, individual business households are not allowed to register to operate in this industry.
- Secondly, the Legal capital of a virtual office rental service company Enterprises providing virtual office rental services must have a minimum charter capital of VND 20 billion. The company’s legal capital does not require a bank deposit or proof that the company has enough of this capital upon establishment. Therefore, temporary businesses that do not have enough 20 billion can still register to establish a real estate company, then during the operation process, shareholders and investors can gradually contribute capital to reach 20 billion VND Billion.
Legal regulations on virtual offices
Accordingly, to the Enterprise Law 2020, a definition of “enterprise” has introduced as prescribed in Clause 10, Article 4 of the Law on Enterprises 2020, whereby an enterprise is an organization with its own name, assets, transaction office, and authorized registered for establishment in accordance with the law for business purposes. Besides, the Enterprise Law 2020 also provides regulations on transaction offices, specifically: Article 42. Head office of enterprises:
“Article 42. Head office of the enterprise:
The head office of the enterprise is located in the Vietnamese territory, is the contact address of the enterprise, and is determined according to the geographical boundaries of the administrative unit; have phone numbers, fax numbers, and email addresses (if any).” In addition, the Law on Enterprises does not stipulate how many businesses can be located at a single location, nor does the business registration authority itself. can control whether the enterprise actually operates at the registered office or not.”.
Benefits of renting a virtual office
- Firstly, Saving costs, time, and personnel, especially in big cities; No costs to buy office equipment, operating costs, building management…
- Secondly, Partially strengthen the corporate image, and create more business opportunities. Most virtual office addresses are located in large buildings; have central locations in cities;
- Thirdly, Help businesses stabilize and focus on business: Virtual office is usually a fixed address; rarely changed. Even when changing, businesses do not have to spend time searching, renovating, and rearranging a new office.
Prestigious and cheap virtual office rental service of Lawyer X
A virtual office provides all the services you need such as: using a registered business address; mailing and parcel addresses; a telegram; where calls received and forwarded. Using the reputable and cheap virtual office rental service of Lawyer X, you will receive the following benefits:
- Maximum savings on office rental costs;
- Increase company value through beautiful and professional office image and business address;
- There are specialists on call, welcoming customers for you with a professional and enthusiastic team then;
- The cost of office management and use minimized;
- There is a receptionist to assist in receiving mail from parcels and forwarding letters to guests if required then;
- Serving meeting rooms, hourly seats as soon as there is a higher demand;
- Support all legal procedures when customers have needs from business establishment; accounting, tax, insurance, labor, permits for conditional occupations then;
- Simple and all-inclusive service registration procedures; Renew and liquidate contracts quickly and easily.
With the motto “Put your lawyer right at your fingertips”; We make sure the service always done on time. The rights and interests of customers always come first.
So, Lawyer X’s service costs are highly competitive; depending on the nature of the particular case. With reasonable prices, we want our guests to experience the best service. Costs guaranteed to be the most suitable and economical for customers.
Consulting service of LSX Lawfirm
Above is LSX Lawfirm’s advice on the content of the problem “Virtual office rental industry in Vietnam today“. And all the above knowledge to use in work and life. If you have any questions and need more advice and help, please contact the hotline for the reception. Lawyer X is a place that provides reputable and fast business services at reasonable prices. Customers will be extremely satisfied when using our services.
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Related questions
Currently, many businesses believe and use the “virtual office” model for their business activities to save costs. Currently, there is no legal regulation that prohibits businesses from renting a “virtual office” for their business headquarters and there is no mechanism to deal with this issue. It is these things that have contributed to promoting the “virtual office” model to develop more strongly. Therefore, the virtual office service business is completely legal.
The term of renting a virtual office depends on the agreement of the parties. Usually, the lease term of a virtual office is quite short. Approximately 1-3 years then.
In today’s fiercely competitive market, a newly established company or small-scale enterprises, representative offices, and branches require even higher cost savings. Therefore, many businesses choose to use “Virtual Office” to register as their headquarters for the contract signing, meeting customers, negotiating, .. also performing the same as when using a normal office. So using a virtual office will still be safe then.
Contact LSX Lawfirm
Finally, hope this article is useful for you; answer the question: “Virtual office rental industry in Vietnam today“. If you need more information, please contact LSX Law firm: at +84846175333 or Email: [email protected].
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