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Also known as managed offices, business centers and executive suites, serviced offices provide fully-equipped facilities managed by a service facility management company. They empower businesses, from start-ups to small-, medium-sized enterprises and large-scale companies to rent office spaces that are suitable and customizable to their needs. Naturally, a serviced office room can cater to as few as one individual and as many as 20 persons.

A virtual office is a substitute for the traditional work environment, and delivers results through the web, telephone and other technologies. Virtual offices operate without any actual physical office space; all operations (whether internal or external business processes and communication) are performed via the Internet and phone lines. Employee(s) work remotely and perform daily office tasks with the use of software and application tools dependent on the Internet. Most virtual offices offer a business address for postal communication and secretarial support.

In a nutshell, the term refers to a space that provides fully equipped and fully furnished workstations that are ready for use and perfect for entrepreneurs and freelancers who choose not to work from home, and/or branch office/s. Co-working spaces are offered at a much lower price than traditional working spaces and offer more flexibility with daily, weekly and monthly access. Facilities such as mail handling, telephone, internet and admin support can all be made available.

Co-working space is available by the day, week and month during office hours. A co-working client has access to either an unassigned work desk or workspace in a common area such as a business lounge with high-speed internet access. A dedicated workstation offers greater exclusivity, with 24/7 access to their own assigned workspace.

This really depends on several varying factors, such as location, building facilities and the included amenities. On its own, traditional office space may be less expensive than serviced offices but you’d only be getting an empty space. Additional expenses with traditional office space usually include overheads such as building dues, electricity, office space set-up, IT set-up, office furniture, telephone lines and office space interiors. Serviced office spaces are offered at a higher price because they already include all of these costs. Most importantly, serviced office spaces buy you more time for your business so you can focus on the more important matters and keep your business running smoothly.

We’re Asia’s only one-stop Serviced Office Provider, run by multi-cultural industry experts. For 27 years, our predominantly female team have provided premium workplace solutions at reasonable rates, helping businesses of all sizes to expand throughout Asia with a minimum of culture shock. Located in some of the most prestigious buildings in the Asia-Pacific region, we offer an unparalleled range of services, from sourcing the right local business partners to legal accounting, payroll and IT. We leverage our broad connections and experience to enable you to make an impact in a region where every city has its own regulations, culture and ways of conducting business. By joining one CEO SUITE location, you are supported at our premium locations across Asia.