The benefits of setting up a company in a shams free zone are numerous. The government of the UAE does not impose any taxes or regulations for the companies registered in a free zone. The process for establishing a company is easy and quick. Furthermore, you do not have to pay corporate tax or income tax. If you are a resident of the UAE, you do not have to pay any tax for setting up a business in a free zone.
Foreign ownership of the company:
Another benefit of free zones is foreign ownership of the company. If you are a resident of a non-GCC country, you can set up a company here with 100% foreign ownership. This will save you a lot of trouble as you will not need a local sponsor or local partner for your business. As the name suggests, you can have your own company without paying for services.
Setting up a business in a free zone is an excellent choice for people outside the UAE who want to invest in a fast-growing, dynamic city. Sharjah offers a wide range of incentives to attract foreign investors. There are no hidden fees and taxes for establishing a company in a free zone. Incorporating your business is an arduous process that needs to be done correctly and with great care.
Business owners can rent an office in mainland Dubai:
Another advantage of setting up a company in a free zone is that the business owners can rent an office in mainland Dubai. You do not have to have a specific type of business, as you can set up your business in the best location in the city. Therefore, it is essential to set up an office in strategic locations to interact with your customers. In addition to this, the government of Sharjah allows you to choose between manufacturing and distribution.
Incorporation in a free zone is a fast and easy process:
Incorporation requires initial approvals from a third-party, lease/tenancy contracts, and a certificate of incorporation. Moreover, the process is hassle-free and fast. If you are based in a free zone, it is recommended that you hire a management consultancy to help you with the incorporation process.
Excellent location and state-of-the-art infrastructure:
In addition to the tax benefits, setting up a company in a free zone offers many other benefits to a business. It has an excellent location and state-of-the-art infrastructure, making it an excellent location to conduct business. In addition, the free zone is well-connected to major markets around the world. Consequently, you’ll have a better chance of generating revenues in Sharjah.