Home Business Insights & Advice What does it mean to rent a business address and how to do that in the UK?

What does it mean to rent a business address and how to do that in the UK?

by John Saunders
25th Aug 22 3:08 pm

Finding offices in London has become incredibly expensive and difficult. As a startup, it becomes almost impossible to set up an office in the heart of London. However, to set up a business, one needs to have a physical address. Why not look for renting a business address?

Yes, you heard that right. You can now rent a business address for a meager monthly fee and use that address to register your business. You can conduct your business online from home and use the rented address to receive business post and as a branding location. A prime location is excellent for company branding. Renting business addresses is cheap and legal, and Hoxtonmix will show you how to do it.

Reasons to rent an address

You might have several questions regarding renting a business address. For example:

  • Is this type of company registration legitimate?
  • What if important mail gets lost?
  • What are the benefits of renting a business address?
  • What is the main profit?

All your questions are legit, and we are going to answer your questions and give you more reasons to rent a business address.

1. Legit and private

Renting a business address is a lawful way of registering your company. There is zero risk with this kind of registration. In fact, you don’t have to upload your housing documents and personal details to register your company.

That way, you can maintain your privacy and work from the comfort of your home. With an online company, you don’t have to worry about random people coming up to your door.

2. Negligible pricing

When you have a physical office, there are various things to pay for: rent, electricity bills, furniture, equipment, etc.

You can save on all that by renting an address and continue working whenever you want.

The rent of an office space in a prime location will not be less than £1000, and you have to pay extra business tax. On the other hand, renting a virtual address would cost you less than even a quarter of that.

Moreover, you can cancel your subscription to a virtual address anytime you want. However, you cannot simply leave the office if you are under a contract.

3. Increased flexibility

With a rented address, you don’t have to be physically present when you receive a consignment. You can move from one place to another, travel anywhere in the world as the address providers will take care of your post.

You can also change the forwarding address when you move to a different place in case you have opted for same-day mailing. This provides with an amazing opportunity to be flexible in your work.

4. Easy registration for the company

You can use the rented address to register your company at Companies Housing. You don’t have to use your residential address, which also requires extra steps while registering. Your address provider can help you out with the registration if you face any difficulties.

This is how it goes: you submit the name of your company and address and fill out a form. They will get back within a day or two.

5. Better branding and credibility

When you have a prime location in London, the company goes a few steps up. It goes without saying that an office in one of those locations is extremely expensive.

Using a rented address would help you gain credibility and improve the branding of your company, as the landing page or the letterhead would contain the address.

How do the renting processes go

Renting an address is quite easy. Within a few steps, your address can be ready. Here is what you would need to do:

1. Choose your address provider

The first step would be to select a proper address provider. Make sure you have gone through their previous companies, and how long they have been working.

Also know their standard protocols and how accessible they are, since you might need to be in contact with them all the time after you have rented the address for post.

2. Choose the package

Once you have selected the address provider, you will be contacted by a representative to discuss your requirements. Based on the talk, you will be offered a few packages.

Compare these packages with your requirements and the prices with other address providers. Packages usually starts from 15 pounds per month without any additional services.

3. Select the services

It is important to know what services you need and what you don’t need. You may make a list of services you require for the start. For example, you need mail handling and phone call services.

You can also choose the premium services with extra advantages: hot desk services, virtual receptionist, etc. Read the feedback and check the comments to see what could work for you.

4. Pay for the package

The next obvious step would be to pay for the package. There are several payment options to choose from. Select the one that suits you best, make sure you take a screenshot or a copy of the receipt after you make the payment.

Once you make the payment, the provider will set up the address for you and make the necessary changes for future correspondence.

5. Start using the address

Now you can start using the address as you want. You would need some changes on your letterhead and other official documents.

You may want to set up mail forwarding with the provider, or you may choose to receive a notification. They will store all your correspondence until you collect it or provide further details.

Final thoughts

Don’t search for a perfect location suitable for your amazing products and services – just start with a virtual address and use it to improve your branding. You can get things running in less than 10 minutes once you have paid.

Unlike renting a commercial place in London, renting an address is way cheaper and simpler. You can also use their additional services of mail and phone handling, so you don’t need to spend extra time and money to hire a receptionist.

 

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