To understand the purpose of virtual offices. First, we need to know
What is PPOB and APOB?
PPOB stands for Principal Place of Business. Every company may it be big or small/ brand new or age-old needs to have a PPOB (principal place for their business) which acts as a headquarter or the prime location of their business. This PPOB has to be registered under GST. It can be a warehouse, office which is your physical address of the business. A company can only have one PPOB in a state. APOB stands for Additional Place of Business. There is numerous large-scale business and some small-scale business which requires more than one place of business. You can have several APOBs in a state. Like Amazon, Flipkart, etc.
Why PPOB is important?
It is a legal requirement for every company to provide a physical address for their office in order to register their business. So having a PPOB is mandatory. If you are planning to start a business you have to register your company. When registering, you must provide the physical address of the office. Even if the registered office is not the main site where all the work is carried out it is needed for receiving official mailings and keeping official records of the company.
How can Virtual Office be a solution for PPOB and APOB?
In this digital era, there is numerous business that doesn’t need a headquarter or the main office to facilitate their business. It is the time where people can work from home and carry out meetings digitally. They can prefer to work in a remote office or in a place of their choice. They don’t need an office however the law can’t be changed for them. All they need is a physical address for their office and the solution is Virtual Office.
Virtual Office unlike its name doesn’t mean an online office but rather a location that assigns their address to the business for GST registration. For your business, the virtual office can be PPOB or APOB. It can bear a good reputation to the business due to its location. It is cost-effective and provides various other facilities like meeting room service, assisting (they can represent an employee on the company’s behalf to meet specific clients) and receiving emails, etc.
Like Premisin provides meeting rooms for private meetings, it also provides concierge services for companies.