TAGUIG CITY, Philippines—Setting up a business in the Philippines brings with it a whole truckload of headaches such as searching an office location, applications for permits and licenses, and the establishment of connectivity lines, all of which require a lot of time and money.
“With a traditional office, to set up one office you have to go identify your building, [do] renovation, [apply for] permits and stuff like that which could easily take two months,” he said. “But with virtual office it’s like you can have an office within 24 hours or even less than a day.”
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