Singapore Serviced Offices | Why Use Serviced Offices?

Why Use Serviced Offices?

Serviced offices are a total solution in the sense that they are fully fitted and furnished, ready for immediate occupation. The business center operator takes responsibility for all of the services to the building and, in addition, provides a range of business services including reception and telephone answering services, secretarial support, conference and meeting facilities, video conferencing and high-speed broadband Internet access. It is a simple outsourced office option that provides businesses with a simple integrated real estate solution combining a company’s three largest expense items – people, property and technology.

Advantages

1) Quick, Easy Occupation - Most business centres are "ready to occupy" so no fitting out is necessary and practically everything you need is already provided. This not only saves a tremendous amount of administrative "hassle" and management time but also means you can move quickly and with no fit-out/renovation costs. Corporate Serviced Offices can provide you a ready-to-use office with your personal phone number in as little as 1 hour - make that your competitive advantage now!

2) High Profile Address - With the majority of business centres located in prime downtown business districts, you immediately get a prestigious mailing address for a fraction of the cost. Your registered address with Corporate Serviced Offices will be "55 Market Street" located just above Raffles Place MRT Station - what could be more impressive than having your office recognised as being in the core of Singapore's Central Business District!

3) Simple Legal Agreements -Our license agreements are short and simple as opposed to lengthy traditional leases, which can incur considerable legal bills and stamp duties. Simple one-page license agreements are the norm with Corporate Serviced Offices and no stamp duties are required.

4) Small Security Deposits - You will generally only be asked for a fully refundable and relatively small deposit, usually 1-2 month’s rental. No other form of guarantee or assurance is generally required so your liability is very limited.

5) Totally Flexible - Serviced offices provide flexibility, allowing tenants to upsize, downsize or even vacate the premises at reasonably short notice. Serviced offices can also be utilized as short, medium or long-term facilities, on a flexible renewal basis. The length of the tenancy in Corporate Serviced Offices can be as short as one month to as long as 2-3 years. Your choice!

6) Pay Only for Necessary Services - Many services are already included in your package, including insurance, water, electricity, lighting, internet, etc. Where additional services are required, you only need to pay for when and what is used, so you save unnecessary fixed costs.

7) Ease of Administration - Serviced offices provide a single consolidated invoice monthly, which includes rent, business support services, building maintenance, electricity and more. Consolidated billings saves accounting time and effort, and therefore your money.

8) Detailed Billing - Infrastructure within serviced offices are designed to capture details of all transactions made by tenants at no additional cost. Tenants receive detailed monthly usage records such as IDD calls made, etc - normally available only to large MNCs thereby allowing better tracking and control of business costs.

9) No Equipment Maintenance Headaches - All ancillaries such as photocopiers, video conferencing equipment, TV, digital machines and even the coffee machines, etc are usually provided. Most of the equipment is of better quality and efficiency than what you would normally be able to purchase and already inclusive in your rental. Even equipment that's chargeable is often available on a “pay-per-use” basis. You are not responsible for the leases and should the machines break down, it is the business centre operator’s responsibility to get it fixed, not yours.

10) Efficiency - Infrequently used space, such as the pantry, conference and meeting rooms, are supplied and payable on a "pay-per-use" basis so that meeting room you need for an average of 5 hours per week is not costing you rent, rates, service charges, heating etc for all of the rest of the time when it is empty. What's more, some business centres (like Corporate Serviced Offices) may throw in complimentary meeting room usage hours for tenants so you save even more.

11) High Quality - The buildings and equipment are generally of a higher quality than you may otherwise have been able to secure on a relatively short occupancy basis, or afford if you were to purchase them for a small 2-3 person business.

12) Cost Effective - Research shows that, compared to conventional office space, serviced offices can provide substantial cost savings for office users. By doing away with initial capital outlays and hidden charges inherent in conventional leases, savings of as much as 78% have been achieved for companies as large as 60 persons and lease lengths of up to 36 months. And even when you vacate the premises, there are no dilapidation liabilities to worry about.

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