Setting Up Serviced Office in Malaysia

What is a serviced office? A serviced office basically refers to an office that is leased on a temporary basis and has all the comforts of a fully furnished office, but at a very low cost. Such offices are popularly known as serviced offices because they are leased by their respective owners on short term contracts.

Such offices are popular with businessmen who aim to ‘flaunt’ their company name, prestige or expertise while operating in a country where there is little infrastructure development. A serviced office in Malaysia is an ideal option for businesses that are looking to expand their business operations in the country on a temporary basis. Serviced offices offer a highly flexible and convenient workspace. They offer a fully furnished room, with every basic requirement, and are furnished with cable TV, kitchen, internet broadband, telephone, fridge and so on.

Such fully furnished serviced offices in Malaysia are ideal for business entrepreneurs who intend to run their business from a temporary standpoint. These offices also offer a great deal of space as compared to typical hotel rooms, and hotel room office providers in Kuala Lumpur and other major cities in Malaysia. Businessmen can also enjoy the convenience of having their own fully functional work space.

The very first factor to consider in getting a fully functional serviced office is the cost of renting the building and getting the lease taken care of. Businessmen should be well aware of the current market rates for rent in the country, since they will have to take into consideration such factors as room and board, utilities, internet connection, electricity, water and so forth. These rates will depend heavily upon the size, location, layout and so on of the property.

The second thing to consider is the availability of serviced office spaces in Malaysia. There are several highly popular real estate developments around Kuala Lumpur, including Cameron Highlands, Cameron Bominiums, Cameron Indoor, Cameron Park, and many more. However, most of the developments mentioned above are still relatively unknown, and while one may find some properties at really good prices, it is not easy to find the kind of quality that one is looking for in these properties due to their lack of reputation.

Thirdly, entrepreneurs will need to think about what type of equipment will be needed when setting up their virtual workplace. Computer and internet connectivity are mandatory in order to start-up a business. This means that entrepreneurs will have to look for cheap and reliable computers that they can easily afford. This will allow them to be able to get a fully functional online workspace, while still paying less than what they would normally spend on monthly internet bills. This is especially useful for startup companies that cannot afford to spend too much on computer hardware.

Fourthly, entrepreneurs should think about the benefits of using a serviced office Malaysia or coworking space. A coworking or virtual office allows entrepreneurs to save a great deal of money that they could otherwise spend on other aspects of their business. By setting up a virtual workplace, entrepreneurs can attract potential customers even before they launch their product. A coworking or virtual office will also provide employees with the opportunity to meet new people and make new contacts. By having these advantages, it is easy to see why coworking and virtual offices are becoming so popular with established businesses. By using a coworking or virtual office, business owners in Malaysia can continue to focus on their core strengths instead of trying to expand their business into different aspects of the market.

Finally, entrepreneurs will need to consider the costs of renting a serviced office or a virtual workplace. In Malaysia, the cost of renting a co working or virtual office may be slightly higher than the cost of renting an actual office space because the overhead of running a business often requires a higher rent. However, there are many benefits to using virtual offices or co working spaces such as the ability to work from home, increased productivity, and the ability to attract new clients without having to pay the higher rent costs. Regardless of where entrepreneurs choose to set up their virtual offices, they should remember that these units are not meant to replace actual office spaces.