Supervised office space
A serviced office space is an office that is provided and equipped by a facility management company. The services offered may vary depending on the provider, but usually include specialized office space (conference rooms, work rooms, etc.), utilities, IT infrastructure and various office equipment.
In general, serviced offices aim to have all the necessary business facilities bundled and ready for use so that no preparation or set-up procedures are required. Depending on the provider, a serviced office can be rented out at different terms for payment and use of the device:
Facilities and equipment can be rented together for a fixed payment that covers the majority of the equipment and services, or each item can be rented separately, which makes pricing policy more flexible
All equipment can be rented to a single company for the exclusive use of the company's employees, or it can be used in a common space shared by other companies that rent serviced office space in the same business center
Benefits of the serviced office
The advantages of a serviced office are numerous and can be roughly divided into the following categories:
Convenience;
Business presence
Economic substance
Convenience
One of the most immediate benefits of a serviced office space is its convenience. For a fixed fee, a company can purchase a ready-to-use workspace and often the equipment that does not require any special maintenance. This is an effective time management measure as no time is lost in setting up the office. In addition, maintenance costs for the company can be significantly reduced, as the price of renting a serviced office is usually lower than the price of buying all the equipment and setting up a new one. It is also advantageous for companies with smaller budgets that would otherwise not be able to afford space and equipment.
Flexible rental models enable even more money savings, as devices can be rented irregularly or together with other companies, which in the long term lowers the price per use and lowers maintenance costs. This also makes it possible not to worry about possible emergencies when a particular facility is urgently needed but would not be immediately available without renting a serviced office.
In conclusion, the convenience of a serviced office space generally comes from having its maintenance performed by a dedicated facility management company, reducing costs and avoiding the need to keep track of the maintenance process.
Business presence
Business presence is an important part of corporate branding, and a serviced office space can improve its capabilities. Often such offices are located in prestigious business centers, which gives the companies located there additional credibility. In addition, a serviced office is a quick and easy way to set up a business presence in a new location. It enables faster market entry, which can be decisive in the case of intense competition. Although indirect, this benefit can prove particularly useful in the early stages of business development.
Economic substance
Above all, the economic substance is often the most noticeable advantage of a serviced office space. Many jurisdictions (and almost all of the larger ones) require economic substance for tax breaks to ensure that no company will register in certain jurisdictions just for tax breaks with no intention of doing actual business and contributing to the economy. Since this is required by law, companies are obliged to comply with them in order not to be overstated. Serviced offices are a perfect way to create economic substance, as many of them are located in prestigious business centers in the vicinity of many other companies. This gives any company based there enough credibility to apply for tax breaks and other incentives.
http://www.confiduss.com/en/services/corporate/support/serviced-office/
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