Discussions

A virtual office is a working space created virtually with the aid of computers and other digital equipment, i.e. without using physical premises. The functionality of a virtual office can range from a simple call forwarding to a full virtual working space for many employees, equal to a real physical office.

Virtual offices allow companies to save on renting and maintaining physical offices, which is especially relevant to business with a large number of employees. Besides that, businesses use virtual offices to mark their presence in prestigious areas without actually buying or renting premises there. Usually such prestigious areas are also more expensive. A virtual office can also act like a point of contact with local customers and partners in a foreign market, e.g. ensuring call forwarding from phone numbers of that region to the domestic numbers of a company.

Benefits of a virtual office
A virtual office has a number of benefits and advantages over a traditional, physical office. These are as follows:

Lower costs
Local presence
Prestige
Employee convenience
Better information management
In general, the benefits of a virtual office are mostly the same as that of other forms of working space and representation, but are significantly cheaper because of the digital basis of a virtual office. In other words, a virtual office provides the same benefits as a regular one, but for considerably less investment, especially in the long-term and for big businesses.

https://www.confiduss.com/en/services/corporate/support/virtual-office/