Foreign investors are attracted by India’s consumer market which is huge and that services almost 1.5 million people, if we are to rely on projections provided by 2026, without mentioning the millions of products that are manufactured here and are exported all over the world.
Starting a business in India can be a very lucrative endeavor and if you want to speed up the process, a virtual office can be an optimal solution to a traditional registered address that needs to be supplied to the Companies House.
If you are interested in a virtual office in Hyderabad, our company formation agents in India can help you in this regard.
How to obtain a virtual office in Hyderabad
If you are looking for a quick solution for incorporating a business in Hyderabad, the virtual office can help you speed up the entire procedure, as it can be used as a legal address when filing the documents with the local office of the Trade Register.
The virtual office is based on a service contract that once you have signed will be at your disposal for use. All you need is to provide the contract to the authorities which will acknowledge you have a physical address where they can send official documents and thus attest to its validity in accordance with the Company Law.
Our India company formation officers can also help you draft all other documents that will enable you to enjoy a swift business registration process in Hyderabad.
The main facilities attached to a virtual office
A virtual office in Hyderabad will have the following:
- a local phone number that can be used for local and international calls;
- fax, printer, scanner and other equipment can also be added to this office;
- an e-mail address for quick communication and for receiving and sending electronic documents;
- meeting rooms availability on demand (prior booking is required).
Just like in a virtual office in Chennai or any other city in India, the one in Hyderabad can be equipped with other facilities. Moreover, you can even have a virtual assistant to take phone calls.
Use your Hyderabad virtual office for multiple purposes
At the beginning, when this service was available in just a few countries (mainly those with a developed commercial real estate structure, namely business and financial centers), the virtual office was a facility through which busy businesspersons could have an office that could be managed remotely.
Now, this service has become so important for all types of entrepreneurs that they can use it for various purposes, even it is the main one is the same: to be a flexible solution to persons who want to be connected to the business environment in cities they are interested in. So, if this is what you want to use your virtual office in Hyderabad for, you can do that.
From a more practical point of view, the virtual office is a contact point for associates and clients. Also, its use as a registered address to receive official documents will ensure that you or your business will not be late with the legal filing requirements imposed under the Indian laws.
Speaking about late payments, some of the most important filing requirements are tax returns. Make sure your company is up to date with them with the help of our accounting services in India.
Our Indian accountant offers a wide range of services to ensure you have the financial statements you require, especially if you need them for tax purposes. You may get expert, paperless outsourcing accounting services from us with the greatest level of security and confidentiality and the quickest turnaround time.
When is the virtual office a better alternative to an actual office?
A virtual office in Hyderabad, Delhi, or Bangalore is the cheapest alternative to rental and lease contracts. Let’s say you want office space in some of the most important business centers in the respective cities, but you also want to invest money in your company. The rent or lease paid on traditional office space can be directed to your business, while you pay a simple fee to use a virtual office in one of these buildings without having to worry about employees or maintenance costs.
The average cost of a Hyderabad virtual office ranges between INR 1,700 and INR 4,000 per month.
Why invest in Hyderabad
According to the regional government of Hyderabad, the region is one of the most important automotive, pharma, and textile hubs. It is also recognized for its contribution to the IT sector. Also:
- the region contributes with around 2,000 IT professionals to the Indian labor market every year;
- Telangana, the capital city of the region, ranks 7th in terms of contribution to the country’s Gross Domestic Product (GDP);
- between 2018 and 2019, Telangana’s GDP increased by 10.7%;
- by the end of 2021, it is expected to reach a GDP of USD 170 billion.
For detailed information on our services and assistance in obtaining a virtual office in Hyderabad, please contact our company registration consultants in India. We can also help you set up a business in this region.