When you get a free zone license, it might seem like just a legal document to start your company. But a SHAMS free zone license actually comes with several benefits that many new business owners don’t realize at first.
These hidden perks can make running your business easier and more rewarding than you might expect.
Complete Ownership Without Local Partners:
One of the best things about a free zone license is that it allows you to own your company fully. This means you don’t have to bring in a local partner to hold part of your shares. This setup gives you full control over how your business operates and grows. Many find this especially helpful when making quick decisions or keeping their company’s profits within their control.
Tax Advantages That Save Money:
A free zone license often comes with tax benefits that help your business keep more of what it earns. Usually, there is no personal income tax and no corporate tax for a number of years. This can lower your costs and increase your profits, giving your business a financial boost compared to companies outside the free zones.
Freedom to Move Money Across Borders:
With a free zone license, you can easily send money abroad without extra taxes or restrictions. This perk is great for businesses that work with clients or suppliers in other countries. It lets you pay bills, transfer profits, or manage funds smoothly, which is important in today’s global market.
Wide Range of Business Activities Allowed:
Your free zone license often covers a variety of business activities. This means you can offer different services or trade in various products without needing separate permits. This flexibility allows your company to adapt and grow with changing market demands.
Access to Modern Office Spaces and Facilities:
Many free zones provide access to fully equipped offices, warehouses, and coworking spaces. These facilities come with high-quality services like internet, security, and reception. You can start with a small space and expand as your business grows, which helps keep your expenses low.
Easy Hiring and Visa Services:
A free zone license usually makes it simpler to bring in employees from other countries. Free zones handle the paperwork for work permits and visas, which reduces the hassle for you. This makes it easier to build a skilled team to support your business needs.