Virtual Office OrCoworking Space – The Debates

Whether you grow up locally from Hong Kong, or has come to HK as a foreigner or expatriate, some of you may have the passion and enthusiasm to start your own business one day. While you are growing your business, you may need a location to work or to hold meetings. This is when coworking spaces in Hong Kong become useful and fit the purpose of cost-saving.

The coworking spaces

The first coworking space to mention is the Compass Offices. The Compass Offices consists of many workspaces across Hong Kong and Kowloon. If you are looking for a spot to grow your business, they offer business lounge with a corporate office setting. Whether you are a foreigner business owner seeking to tap into the Asia Pacific market, or a local entrepreneur searching for a temporary office space, Compass Offices would almost always have a location where it will fit your need.

Garage Society was only founded in year 2014, butit provides multiple locations across Asia. Garage Society has made available a community for the next generation of startup entrepreneurs. With the fully serviced space, it can host regular events and talks to motivate, inspire and network. In Hong Kong, Garage Society is located in the west side of Hong Kong Island: Sai Ying Pun, Wan Chai (which is ideal location for immigration consultantservice business), Sheung Wan, and Central.

Another coworking office space available in Sheung Wan is the Paperclip. Paperclip is considered perfect for newbies (i.e. early startups) who are still getting their foot in the door. The spacious Sheung Wan site combines a startup academy with a workspace, and provides mentoring services and access to business tools. The tools would help entrepreneurs of all levels on their path to their business success. To top it all, the best aspect about Paperclip is the community i.e. Workshops and events are held at very regular intervals. During all these events and gathering, professionals are able to network and learn from one another.

The Hive is said to be the coworking space home for the creative people. The Hive has multiple locations across HK including Wan Chai which occupies 5 stories, but it is not all of it. When you use the location provided by the Hive, you immediate get access to all their Asia Pacific locations such as Japan, Singapore, Taiwan, Vietnam, Thailand, and Australia.

TheDesk provides five locations across HK with the 7-story site in Sheung Wan, and has an inclusive community that encourages businesses to connect and grow together.TheDesk can offerhotdesks, dedicated desks, private offices, event spaces, and more.

The virtual office

A virtual office is simpler. The main use of a virtual office is when a business owner only needs the address services for a fee. The actual office space is not needed, as the virtual office serves the business which has the nature of not using a physical office space, but requires an office address. This suits the one-man startup during the very initial stage when the owner works from home. Having to get the office address is because all Hong Kong registered companies must have a business address.

Registration of a new company

More than often, experienced investors would tell new startup owners the first thing to be taken care of is to complete the company incorporation in Hong Kong. After that is done, you will have the peace of mind to cope with all the uncertain challenges and issues that come long.

Jennifer Winget

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