Out of Office
Entrepreneur by Toni Antiporda, 07-22-2014
Have a premium business address, virtually
Going to the office is not what it used to be-more professionals
worldwide are working flexibly, sometimes at home or at the
"coffice" (coffee shop turned temporary office). In fact, 36
percent of executives in the Philippines work remotely for at least
half of their workweek, according to the 2013 Regus Global Economic
Indicator, a survey of over 26,000 business managers across 90
With rent for premium and grade A office market expected to rise
7 percent this year, notes real estate services firm KMC MAG Group,
it is rather impractical for startups to own or rent office space.
Yet, having a registered business address is still required.
The solution is in a virtual office. It allows startups and
multinationals, whose staff work remotely, to retain a premium
address, without the costly investment and upkeep.
You also have access to a dedicated phone and fax number,
serviced meeting and conference rooms, strong IT infrastructure,
and hightech equipment.
Regus, vOffice, CEO Suite, and the KMC MAG Group are but a few
of the growing number of virtual office providers in the
Philippines. They also offer office support, such as company
incorporation, accounting and bookkeeping services, legal
consultation, printing, web design, online marketing, and
"By outsourcing office functions, companies can focus on running
their core business without worrying about the administration of a
physical office," points out Lars Wittig, country manager at Regus
Albert Goh, CEO of vOffice, says that, since they set up shop
here last year, inquiries for virtual offices have steadily
increased at about 7 percent per month, coming mostly from IT
firms, financial analysts and consultants, and web and graphic
"The takeup rate of virtual offices [in the Philippines] is
still behind some of the other cities within Asia, but the trend is
on the rise," says Mabel Lim, area director for CEO Suite.