Everybody dreams of company formation in Dubai or Sharjah. However, in order to do so, you need to follow certain administrative as well as legal guidelines provided by the UAE government. This might seem like an insurmountable task, but the truth is that consulting experts that are adept at helping entrepreneurs can help you in accomplishing this task easily. The location where one can set up their business quickly and without any hassles is known as a free zone. If you are wondering about the benefits of setting a business in a Sharjah Free Zone, then you’ve come to the right place. Continue reading this article to know more.
Your Business Is Exempt from Taxes
Yes, you read it right! One of the major benefits of setting up a business in a free zone is that you are not obliged to pay any taxes to the government. These include, but are not limited to capital gains, corporate, withholdings, etc. Needless to say, running your business in a free zone is profitable.
You Get Tariffs Waivers
Another huge benefit of setting up and running your business in the Sharjah Free Zone is you don’t need to pay any tariffs to the local administration. Your business is entirely free from all kinds of tariffs. Businesses that are set up in the free zone receive exclusive tariff waivers.
Infrastructural Support
You would be delighted to receive comprehensive infrastructural support when you start a new business in a free zone. The local authorities encourage entrepreneurs to set up businesses in Sharjah Free Zone. The infrastructure of the region is par excellence. It becomes convenient to run various business operations from a practical standpoint in a cost-effective manner, and efficiently.
The benefit of Tax Treaty
The UAE government has doubts about tax treaties with different nations across the world. The rules and regulations of the treaties apply to any business being set up in the free zone. The Sharjah Free Zone also falls under such laws. The tax burden on the business gets reduced. You can run your business profitably.
Benefits of Government Grants
Another advantage of setting up a business in the Free Zone of Sharjah is that your business is eligible for receiving certain grants from the government. The government provides incentives to entrepreneurs who set up businesses in the Free Zone, making the country more attractive to international investors. The grants help your business in its expansion and allow your business to become much more competitive in the local market.
Setup an Offshore Company
It is easy to do an offshore company setup in Dubai and Sharjah if you have the right plan and strategies. You need to seek expert help from a service provider that has experience in assisting entrepreneurs in setting up businesses in the country and managing various procedural steps.
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