Before the discussion; Virtual Office vs Home Office in Malaysia, it is important to understand why one wants to do business in Malaysia.
First and foremost, Malaysia is strategically located in Southeast Asia, which
is one of the best locations for investors interested in setting up offshore
business in the manufacturing sector (cost-effective and competitive position).
Malaysia is home to many foreign-owned companies that do commercial business
for both regional and international markets. Many products, especially
technology advanced products are produced in Malaysia. The country is among the
most technologically advanced countries in the entire ASEAN region.
Apart from the location, Malaysia also has a modern
infrastructure. The Malaysian government has also made significant progress in
making it easier for people (especially foreigners) to do business in Malaysia.
Malaysia ranks 18th among 189 economies in terms of ease of doing business,
according to the latest figures from the World Bank Group. It takes hours to
register a company with the Malaysian Company Commission and everything can be
done online.
There is every reason to consider Malaysia as your preferred
destination of business as a foreigner looking for new opportunities in Asia.
But once you arrive in Malaysia you will have to think about setting up an
office. What type of office would be sufficient for you? To answer this
question, you have a detailed discussion below.
Malaysia Virtual Office vs. Home Office
What is a
virtual office?
A virtual office can be defined as an office that gives you
all the benefits of a huge setup and running costs of conventional office
subtraction. Virtual offices give you access to the office resources of
multinational companies at a fraction of the actual cost. Virtual Office lets
you work from home, but you can have an office address and phone number in a
designated office building. You can pay for office equipment/resources, such
as board rooms for meetings and just what you use if needed.
Virtual
Office in Malaysia
Regardless of the type of business, you prefer to set up business in Malaysia as a foreigner. You need formal space to conduct important business
activities. Home offices do not provide any professional image. You need an
office to consider seriously considering doing business in a foreign Malaysia.
Setting up an ideal office is expensive, which is why the virtual office in
Malaysia is the best option. Virtual offices offer multiple benefits (more than
traditional offices).
What is a
home office?
As the name implies, a home office is simply an office that
is set up in a home, not a set of general offices, a home office is not set up
in a commercial office. You can set up your home office in an extra room at
home. A home library can be used as a home office. All you need is general
office equipment - such as a computer, desk, chair, internet connection,
stationery, printer, among other tools you find in the general office.
People set up a home office for a variety of reasons, saving
money being the most important being running a home office is cheaper than a
normal office because you don't have to rent and you don't have to hire staff.
Home offices also offer comparative flexibility. Home offices simply give you
all the benefits of working from home.
Home Office
in Malaysia
If you are planning to do business and live there, Malaysia
is a great place to set up a home office. As mentioned above, the country is
technologically advanced which is an important prerequisite for conducting
online business. Setting up a home office in Malaysia is ideal if you plan to
do business online there. Even so, you still have to meet clients / have
important business meetings places, if this happens then a virtual office would
be more ideal for you.
First and foremost, you don't have to buy any office
equipment. Also, you do not need to take any office worker or waste time and
effort to familiarize yourself with the laws and regulations required to set up
an office in Malaysia. However, you can mention just a few of the benefits of
access to all these resources, as well as the presence of local businesses
(local business addresses and phones), boardroom/conference opportunities,
and worldwide access to all virtual offices provided by your provider.
Conclusion
A virtual office in Malaysia would
be more ideal than a home office if you are interested in painting a
professional portrait to cut costs. In fact, virtual offices were invented,
among many others, to accomplish this purpose, such as offering flexibility.
For example, you can have offices in many different locations at a low cost.
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