It’s common for people to use the terms “executive office suite” and “virtual office” interchangeably. However they are not the same thing. An executive office suite is an actual office space at a physical location while the latter is literally virtual – it’s not physical, usually just an address and sometimes comes with an off-site secretary who handles calls and other work tasks.
An executive office suite is also referred to as a serviced office. In this space, your fees cover a fully-facilitated and serviced office space. Everything is available – from your office furniture and equipment to qualified support staff like a receptionist. Here’s where you can get the same advantages as you would renting a conventional office space, but you have a flexible lease with no long term contract and no overhead expenses related to office lease.
Virtual offices on the other hand offer you an address while you work from home or remotely so you can project a professional image to your clients. Different virtual office providers would have different benefits, including some that offer a remote secretary or assistant, as well as complimentary use of a boardroom at their site should you need it. The fees usually work on a month-to-month basis and no security deposit is required.
Depending on your business needs, each type would offer you a different set of facilities and amenities. Virtual offices are recommended for those who are serving clients on a project basis and would only need to liaise with them for a certain period of time. For those who are transitioning from a home-based business to a growing company, an executive office suite would be more suitable to accommodate your business needs for the time being.