Leasing a serviced office in Makati has become the most popular option for foreign companies who want to do business in the Philippines. Using a serviced office allows them to hit the ground running, so to speak, and start operations within days rather than weeks or months. A serviced office, which is also known as a plug-and-play setup, offers fully furnished office spaces that include everything a business needs, such as Internet and telephone services. A facility management company manages these offices and you can rent spaces ranging from individual desks to full floors, depending on your requirements.
What are some of the benefits you can enjoy from using a Makati serviced office?
An office space in one of the country’s premiere business districts
Makati is not just one of the Philippines main business hubs; it is also one of the most important commercial and financial centers in Southeast Asia. Some 40% of the top 1,000 corporations operating in the Philippines, both local and international, have their headquarters in Makati, including many top multinational companies.
In addition to being a great place to do business, Makati is also a great place to live. The city has one of the most cosmopolitan cultures in the country since it plays host to 54 embassies and 35 consulates. In addition, there is a wide range of entertainment and shopping facilities available to residents and visitors.
You can move into a serviced office in Makati within 24 hours and immediately start operating since it is a turnkey setup. All of the facilities you need, including office furniture, high-speed Internet and communications services, are already provided. You simply bring in your staff and you can start doing business. Serviced offices are usually located in class A buildings with advanced technology, and renters will also be provided with assistance in documentation, licensing and meeting the other requirements of doing business in the country.
In addition, you are spared the hassle of site management, since this will be taken care of by the facility management company. This allows you to focus your efforts on setting up your business rather than having to worry about leaseholder obligations and responsibilities.
With a serviced office, you are not tied down to a long-term tenancy contract. You can rent the office space that you need and expand it as your requirements grow, or you can relocate on short notice. You don’t need to provide personal or bank guarantees in order to be able to lease a space. In fact, many businesses actually use serviced offices as an alternative to the conventional leased offices.
Instead of paying multiple bills, you can avail of a serviced office in Makati for a single monthly fee. If you need any extra services, you can request them on a pay-per-use basis from the management company. While you may spend more in startup costs upfront, you will save more money overall in operating costs. In addition, since your cash outlays are treated as standard operating expenditures, they are tax-deductible.