A virtual office in Australia refers to a physical place for doing business that can be rented by persons who engage in a business activity. The virtual office is used by investors with the purpose of having a professional business presence on a foreign or local market and it can be the ideal solution for those who work as sole traders or freelancers and who do not have the possibility of purchasing or renting a brick-and-mortar office.
It is recommended to opt for the services of a virtual office in Australia if you need to have a business presence here, but you do not need a large office with numerous employees in order to carry out your operations. It is important to know that if you develop a business here, a part of the process of company formation in Australia is to have an official business address, and the virtual office can be the ideal solution for this incorporation step.
The services of a virtual office in Australia can vary based on your current needs and they can be upgraded in the case in which your business activity expands and you need additional assistance. For the costs associated with this service, you can always address to our team of specialists in company incorporation in Australia, who can help you in selecting the most suitable services at very low costs.
What are the main benefits of a virtual office in Australia?
A virtual office has multiple benefits for investors who have a more flexible business activity. It can be used as a meeting point with business partners, clients or company’s employees. Investors can also opt for a receptionist and the place where you can receive your official business correspondence. For more details on this subject, as wel as on the steps for opening a bank account in Australia from overseas, our team is at your disposal.
You can watch a short presentation on the virtual office in Australia in the video below:
In all cases, virtual offices in Australia will be situated in an office building, in a location that is suitable for business purposes. A virtual office will always have meeting rooms of various sizes, which can be used if need to organize a more important meeting with your employees. Our team can also help you on matters related to employment.
Besides these, the virtual office provides very flexible services that can be modified based on your current needs, and, more importantly, it has very low costs compared to a standard business office. You can find out below the major difference in the costs associated with the two types of offices:
• depending on the facilities the virtual office has, its location, the city where it operates, the virtual office package selected by the customer, one can pay a minimum of AUD $46/month (this is applicable only when the investor wants to have an official business address, as required by the steps for company incorporation in Australia);
• one can also select the services of a virtual receptionist, and the prices can start from AUD $20 to AUD $469 per month;
• a5-star virtual office can have a monthly cost of AUD $105 to AUD $520 per month;
• compared to the costs of traditional office, regardless of the selected package, the services of a virtual office are much cheaper, as, for instance, the price for a square foot of office space is rented at minimum $31,7 (in Canberra, in 2017), while in Sydney, it can cost $102;
• a median cost for a square foot is of $50-60 in Australia and, for an average size of an office of 50 square meters, one will pay more than $30,000 per year, without including the taxes.
What services can one obtain through a virtual office in Australia?
If you want to set up a company in Australia, you will need to take care of numerous aspects. You must select a legal entity, prepare the incorporation documents, register the business form with theAustralian Securities and Investments Commissionand with the tax authorities, obtain various licenses and permits, to name just a few of the basic requirements.
You must also have an official business address, this being a compulsory formality and the virtual office can easily be used for this purpose. After this, in order to have your business operational, you must hire employees (where it is the case) and establish the necessary means of communication with the local authorities, clients, partners, workers and other collaborators.
For this, you can ask for a local phone number, phone answering and mail forwarding, voicemail services, management services or a receptionist, these being very useful aspects when we refer to quick and reliable corporate communication. So, if you want to open a company in Australia, this service can definitely be of help, especially if you are working at developing your first business.
Call us now at +44 203 287 0408to set up an appointment with our business consultants in Canberra. Alternatively you can incorporate your company without traveling to Australia.
As a BridgeWest client, you will benefit from the joint expertize of local lawyers and international consultants. Together we will be able to offer you the specialized help you require for your business start-up in Australia.