More startups going virtual
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.