Every sixth company has a virtual office

The number of firms residing at a virtual address has increased, particularly in the past three years.

BratislavaBratislava (Source: SME)

Up to one-sixth of companies in Slovakia reside at a virtual address. This represents up to 39,890 firms, according to the analysis of the consulting company Bisnode.

More than one half of companies with a virtual office are active in services, business and real estate.

“The interest in virtual offices has increased in annual terms, which is confirmed by our analysis,” said Petra Štěpánová, analyst of Bisnode, as quoted by the TASR newswire.

The majority of companies with a virtual office have been established in the past three years, during which the number of such firms exceeded 3,000.

“For comparison, in 2014 only 1,765 companies used a virtual office,” Štepánová added, as quoted by TASR, adding that companies with virtual addresses can pose a higher risk in business.

Currently, 38,206 limited liability companies and 1,684 joint-stock companies have a virtual address. Since the beginning of this year, the number of companies with a virtual office has increased by 3,363, while last year it was 3,557 and the year before 3,494.

The most favoured localities include Karpatské Námestie in Bratislava’s Rača district (1,675 companies) and Kopčianska Street in Bratislava (1,472 firms), TASR reported.

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