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A virtual office has a number of benefits and advantages over a traditional, physical office. These are as follows:

Lower costs
Local presence
Prestige
Employee convenience
Better information management
In general, the benefits of a virtual office are mostly the same as that of other forms of working space and representation, but are significantly cheaper because of the digital basis of a virtual office. In other words, a virtual office provides the same benefits as a regular one, but for considerably less investment, especially in the long-term and for big businesses.

https://www.confiduss.com/en/services/corporate/support/virtual-office/