WeWork Virtual Office: Every business in India with a turnover or gross receipt of more than the prescribed limits of Rs 10/20/40 lakhs needs to get registered under the Goods and Service Tax regime. Upon registering, the business will be allocated a 15-digit unique ID called the Goods and Services Tax Identification Number (GSTIN).
Every company incorporated in India must register itself with the Registrar of Companies (RoC) under the guidelines set by the Ministry of Corporate Affairs (MCA). The MCA then allocates a 21-digit unique ID for every company called the Corporate Identification Number (CIN).
Why Do You Need a Registered Address for Your Business?
In short, the Goods and Services Tax and Ministry of Corporate Affairs laws require every business to have a registered place of business. A registered place of business can be any place from which the business is controlled or from which managerial decisions are taken. It can be the place where your office is located.
The rules are stringent, and any discrepancies may lead to the cancellation of registration. As a result, it is always recommended to have a proper business address that serves as the registered place of business.
Virtual Address Over a Physical Address
A physical address necessitates a significant initial capital outlay.Moreover, it is an arduous task nowadays to find an office address in the desired prime location. But an office address is required to comply with GST and company registration rules.
With virtual addresses, the problems of upfront investment and other tedious procedures are eliminated.
Can I Register Company With Residential Address in India?
As per the Company Act 2013, you can register your company address with a residential address in India. If the residential location is appropriate for the company, you can use the address of your residence for your company’s registration. Though it is not advisable, the reason why it is not advisable is:
- By doing so, you are making your residential address public. A large group of people will know your address, which will greatly affect your privacy.
- Using your home address for company registration is an unprofessional way of addressing your company. This will create a lack of trust among customers regarding the company and product.
That’s why, if you are a small startup or a small company, you should always go with a virtual office address for your company’s registration. Get a WeWork virtual office address and climb the ladder of success.
Why WeWork Virtual Office?
WeWork is one of the leading workspace providers in the country, with workspace at over 30 premier locations. WeWork’s virtual office address service provides you with an office address in your preferred premium location at a low cost. WeWork virtual workspaces are specially designed, keeping the users’ needs in mind. The office solutions are for budding entrepreneurs, freelancers, and big business houses. WeWork is a global shared workspace provider headquartered in New York, USA. WeWork has a worldwide reputation and is trusted by thousands of clients for their virtual office solutions.
How to Get a WeWork Registered Office?
Anyone interested in obtaining a virtual office address should go to https://wework.co.in/workspaces/virtual-office/ and follow the steps outlined below.
- Step 1: Identify the plan according to your needs. Plans begin as low as Rs 999/-.
- Step 2: Choose among the 30 WeWork locations.
- Step 3: You can choose from the varied payment options available and pay for the selected plan.
- Step 4: KYC needs to be completed after payment by filling in the required information, and you are good to go and access your WeWork virtual office.
Time Taken to Set Up WeWork Virtual Office Address
Your pizza might take 30 minutes to deliver, but you can own virtual office space at WeWork in just 15 minutes. At WeWork, it only takes under 15 minutes to get an office address for your business. Getting an office address has never been so easy. All you have to do is pick a plan that suits your needs. Currently, three plans are on offer.
- Business address plan
- GST Registration Strategy
- Business Registration Plan
What Do You Get on Offer Under These Plans?
If you opt for the business address plan, you will get the following benefits:
- Mail and package handling service
- Dedicated phone number and call forwarding service
- Conference rooms and day passes
- Organize events at WeWork locations.
If you opt for the GST registration plan, then you will get the following:
- All benefits are under the business address plan.
- government-compliant documents and address proof for GST registration.
If you opt for the Business Registration Plan, you will receive the following:
- All benefits are under the business address plan.
- Government-compliant documents and address proof for company registration
What Does WeWork Promise Regarding Your Virtual Office?
Powered by our dedicated and experienced service handling team, we make your WeWork virtual office address hassle-free. We at WeWork’s virtual office address ensure that you are less bogged down with trivial issues and more focused on the growth of your business.
WeWork ensures:
- Low prices start at just Rs. 999/-, so you do not have to compromise on your dream projects.
- Choose among the 30 pan-India locations for your virtual office address.
- Minimum turnaround time so you can get started on your dream right away.
- smooth and easy onboarding experience and a dedicated client handling team.
FAQs on WeWork Virtual Office Address
Following are the frequently asked questions on virtual office addresses:
What is the difference between a virtual office and a virtual address?
Virtual offices have a physical presence, whereas a virtual address is the 100% online service provided by virtual offices. Additionally, other services are also provided as per the client’s requirements.
Can I receive mail at WeWork?
Yes, mail can be received at WeWork’s specified location. You have to purchase the service before getting any facilities.
How is a virtual address converted to a physical address?
You can convert a virtual address to a physical address either by using the ! vtop extension or by using the ! pre extension.
Can someone else use my WeWork?
No. Someone else can’t use your WeWork, as the services provided by WeWork are non-transferrable.
What are the benefits of having a virtual office address?
A virtual office address helps save on the initial investment of purchasing or leasing a physical address. It also helps build a credible presence across prime locations in various locations in India.
Can I spend a day at the WeWork space?
Yes, you can. You are most welcome to come for a day to work at any of our workspaces. Book a day pass and visit any WeWork
Moreover, you can book a conference hall for a day to accommodate your team meeting.
Bookings are available here.
What documents will be provided by WeWork to fulfil the requirements of GST and RoC?
Signing up with WeWork ensures the following standard documents are accepted by GST and RoC authorities:
- Membership agreement with subscribers and WeWork
- The NOC specified by GST and RoC regulations will be provided by WeWork.
- Utility bills
- A lease agreement between the lessor and lessee (WeWork).
Will I get a refund if my GST or ROC gets rejected?
The onus of registration rests solely upon you. To help you apply for business registrations, WeWork will provide you with all the necessary documents. WeWork India will not be held liable if your registration is rejected by authorities. However, under unforeseen circumstances, if your application is denied, we may offer you a refund.
What documents are required for KYC?
Director’s KYC, viz., Aadhar Card, PAN Card, or Passport.
Which is the best virtual office plan for me?
If you already have an existing company that is GST-registered but want to expand your business across India, the business address plan is sufficient for you.
If you have an existing company but want to get registered under GST, then choose the GST registration plan. If you are starting from scratch and want an office address for registering your company and GST, select the Business Registration Plan.
Can plans be upgraded in the future?
Yes. You can renew or upgrade your membership.
Scouting for and getting a physical office address in prime locations may seem like a herculean task due to the time-consuming and laborious process involving plenty of legal and civil procedures. In addition, there is a significant upfront investment required.But an office address is required to comply with GST and company registration rules.
Well, worry no more. Now you can comply with all the requirements stipulated by the GST and company registration laws. The WeWork virtual office address is here to suit your diversified needs. Whether applying for the GST registration of an existing company or the company registration of a new business, get a WeWork virtual office address in just under 15 minutes.
At extremely affordable prices, WeWork offers subscription plans for its pan-India virtual office locations in over 30 locations. With WeWork Office Spaces, one can save precious time, energy, and money by opting for virtual office spaces.
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