The Pros

The most significant advantages that should drive you to choose a virtual office include;

• Flexibility: Virtual offices are even more flexible than other coworking spaces. All you are renting is a prime location or office address. This means you don’t have to be restricted by a geographic location (and your workers will not be restricted by a dress code!)
• Cost-effective: A virtual office is the most cost-efficient flex space solution as you don’t need to pay for renting an actual office, utility bills, and extra services.
• Additional Services: Despite not needing to be physically present in the office, you can still take advantage of many additional services such as virtual assistants, answering services, mailing services, and so on.
• Professionalism: Having a physical address to add to your website, social channels and business cards provides that additional layer of credibility and professionalism for potential clients looking for your services.
• Privacy: You no longer have to list your home as your business address. With a virtual office, you can have an official business address that adds more privacy to your personal life.

The Cons

Despite all the benefits, it is essential to consider some cons. This can help you decide whether or not to proceed.

• Limited availability: Unlike other flexible office setups, a virtual office may be harder to manage as it most likely will require you to book a space in advance if you are intending on using the physical office sometimes. Since you don’t have a dedicated office space at all times, you may find it hard to reserve a spot or meeting room when you need it.
• Limited Services: When compared to other coworking spaces, a virtual office provides you much less services and amenities.
• Limited Engagement with the Team: If you are choosing to work fully remotely, you may experience limited engagement with your team. Often, your team may struggle to keep up with your organization’s goals and face all the challenges that come with working fully remotely.

Startups

In their earliest stages, startups or entrepreneurs who haven’t fully entered the market may find it hard financially to commit to a coworking desk or private office. They may face a lack of funds and might not even have a big enough team for an office space of their own. Thus, they may benefit from a virtual office.

Freelancers

A virtual office is particularly beneficial for freelancers who don’t need a space for work but still need the benefits a physical address would provide. If you are a freelancer looking to slowly expand your business and need a business address for professionalism, this is a great pick.

International Companies

Are you looking to set up your business overseas or in multiple locations? Virtual offices are the perfect solution for you. They can help you situate your business in more than one location without you needing to be physically present.