One IBC Explains the Essential Role of Virtual Offices in a Modern Globalized Business World

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga.

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If recent events have taught us anything, it's the importance of flexibility in business. More people than ever are now working from home, at least to some degree. A return to the world's offices, en masse, has yet to take place. The reality is that this may never actually happen.

Working from home has proved to have a plethora of benefits, both for businesses and their staff. Many employees continue to revel in working from their home offices. At the same time, companies are making significant savings in costs tied to workspaces.

With less staff to accommodate in-person, less space is needed. Moreover, costs tied to things like utilities are also slashed. Elsewhere, fewer people commuting is doing wonders for the environment. All in all, just a few good things to result from an otherwise awful period in time during the past year and a half or so.

New Demand for Virtual Offices

In light of the above, we're now seeing a huge growth in demand for virtual office space. Businesses still need office addresses as the government requires companies to have a proper address when applying for a business license. They still need at least some capacity for staff to come in and work when they're not doing so from home. Other provisions, too, like meeting spaces, will always be crucial in successfully doing business.

Virtual offices have filled this need perfectly. In essence, virtual offices are flexible workspaces. They provide businesses with a combination of space, services, and — in some instances — access to various pieces of technology. For any business, a leading benefit of adopting virtual office space involves not bearing the expense of leasing or owning an entire site of their own.

Virtual offices in one form or another have been around since the 1960s. Better known for a long time as serviced offices, in the decades since, they've evolved again and again into what we recognize today.

Virtual Offices are Now Essential

Becoming increasingly widespread in cities of all shapes and sizes around the world, virtual office spaces are now more readily available than ever. However, they're filling up fast. Heading into 2022, demand only looks set to go in one direction, and that's upwards.

At One IBC, we see a greater call for virtual office space. We believe that in a modern globalized business world, the virtual office is rapidly becoming a fundamental piece of the jigsaw for businesses across the board. They're similarly popular with self-employed entrepreneurs, allowing companies to scale up, downsize, or expand into new cities with ease.

For entrepreneurs, a significant benefit is a virtual office's place as a space for networking. Working alongside other successful individuals and businesses is great for any operation, regardless of size, especially where there's room for collaboration.

Every day, we connect clients with top-tier virtual office space providers. Via these providers, we can ensure that clients have everything they need to operate in today's modern business world. Therefore, popular amenities requested and arranged include receptionist services, mailboxes, printing and faxing facilities, and more.

Our team has also connected clients with virtual office spaces offering cloud storage and access to various web-based services and applications.

Workspace-as-a-Service

One of the best ways to view virtual offices is as workspace-as-a-service. Barely 10 years ago, software-as-a-service was largely unheard of outside of the offices of big tech startups. Now, it's an industry worth hundreds of billions of dollars a year globally. Its growth has been exponential throughout and is still set to continue climbing sharply well into the decade ahead.

This year, workspace-as-a-service in the shape of virtual offices has begun to follow a similar trajectory. If it continues to do that, and almost everything suggests that it will, two things shall become extremely apparent very quickly.

First, the value to be had by adopting the workspace-as-a-service ethos. And second, the prospects on offer to more traditional landlords and other property owners willing to pivot toward this alternative means of leasing space.

There's no question that demand will soon outstrip supply based on current trends. All that remains to be seen, in truth, is who will transform their fortunes by tapping into the trend before the balance of supply and demand begins to level back out, leaving others behind.

Of course, there's nothing to suggest a leveling out any time soon. Still, the growth of workspace-as-a-service has infinite potential to be far more explosive than that of software-as-a-service. Accordingly, those who fail to recognize the value on offer, whichever side of the equation they're on, will, without a doubt, be left in the dust.

Why One IBC’s Virtual Office Space?

As a global corporate services provider, One IBC specializes in business incorporation and foreign banking solutions, intellectual property, licensing, and a range of accounting and auditing services. Our clients are investors, business owners, and entrepreneurs from all over the world.

Together, we've found that virtual offices often fulfill a need that's either not previously been realized or has more recently become a requirement in light of ongoing global events. This year, our firm's in-depth knowledge and extensive experience in the corporate services consultancy field, coupled with ready access to abundant virtual office space, has proved to be a winning combination for clients across the board.

As we look to increase the accessibility of our services, we continue to allocate expert team members to major cities worldwide. With that, we, too, are seeing firsthand the essential role of virtual offices in a modern globalized business world.

We currently have over 30 branches, representative offices, and associated companies around the globe. Our ongoing expansion process now sees One IBC represented locally across Asia, Europe, North America, and elsewhere. A true testament, should it be needed, to the power of flexibility in business, wherever you are in the world.

The preceding post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Although the piece is not and should not be construed as editorial content, the sponsored content team works to ensure that any and all information contained within is true and accurate to the best of their knowledge and research. This content is for informational purposes only and not intended to be investing advice.