What are Coworking spaces?

Coworking spaces are shared offices where individuals or companies can rent workstations, private offices and meeting rooms. They have facilities like internet, printers, meeting rooms and other common areas.

Nowadays coworking spaces are a popular choice for modern employers, business owners and entrepreneurs. Shared working spaces are an affordable alternative to traditional offices and provide opportunities to network with other professionals.

Can Coworking spaces be used as Registered offices?

Yes, coworking space can be used as the registered office of a company in India.  Many businesses, especially startups and small companies, choose coworking spaces as their registered office as they are cheap and very flexible. However, some legal formalities need to be completed to make a coworking space a Registered office.

Advantages of using Coworking spaces as Registered office

The following are some advantages that coworking registered offices provide:

• Cost Efficiency: Renting a coworking space allows the company to cut its operational expenses which are usually lower than leasing a traditional office.
• Flexibility: Coworking spaces have highly flexible lease terms. 
• Professional Image: These spaces provide a professional business address which can enhance the professional image of the company.
• Networking Opportunities: Coworking spaces are great for connecting with a variety of business professionals.

Legal documents needed for using Coworking spaces as Registered office

The following legal documents are compulsory for using coworking spaces as registered offices:

• No Objection Certificate (NOC): A letter from the coworking space provider saying they’re okay with the business using their spot as its main office. 
• Rental Agreement: A lease or rental agreement between the business and the coworking space provider, stating the terms of the rental.
• Proof of Address: Papers showing the work space’s address, such as property tax receipts.

Also, when choosing a coworking space it’s important to make sure that it meets all the legal requirements and has all the necessary paperwork in place.