More star­tups go­ing vir­tual

New Straits Times - - Property -

KUALA Lumpur is rapidly grow­ing as a busi­ness hub and this has at­tracted many multi­na­tional com­pa­nies to ex­pand in the cap­i­tal lo­cal small and medium en­ter­prises and star­tups to kickstart their op­er­a­tions.

How­ever, due to the cur­rent chal­leng­ing mar­ket en­vi­ron­ment and high op­er­a­tional costs, some start-ups are find­ing it hard to cope.

These star­tups, which are down­siz­ing and cut­ting cost, are look­ing at al­ter­na­tives such as vir­tual of­fices to con­tinue do­ing busi­ness.

A vir­tual of­fice space of­fers startup firms a pro­fes­sional ad­dress with mail han­dling and tele­phone an­swer­ing ser­vice. Be­cause there is huge cost sav­ings, vir­tual of­fice space is build­ing up in Malaysia.

YM Con­sul­tants Sdn Bhd started with a brand­name in 2015 called VVV Suites Ser­viced Of­fices to meet ris­ing de­mand for vir­tual of­fice space, here.

The com­pany’s first cen­tre in Malaysia is housed on level 19 of Me­nara Shell in Kuala Lumpur Sen­tral, oc­cu­py­ing 20,000 sq ft of space.

VVV Suites Ser­viced Of­fice chief ex­ec­u­tive of­fi­cer Datuk Yashran Rezal Rafeal said the cen­tre of­fered telecom­mu­ni­ca­tions and in­for­ma­tion tech­nol­ogy in­fra­struc­ture for clients as well as re­cep­tion­ist, sec­re­tar­ial and trans­porta­tion ser­vices.

He told NST Prop­erty the com­pany planned to set up three more centres, tar­get­ing key cities in Penin­su­lar Malaysia over the next five years.

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