When investing in UAE, there are many reasons to get SPC free zone license. These include zero taxation, multiple license packages, and incentives for entrepreneurs. Let’s look at a few of them. First, SPC free zone provides an unparalleled one-stop-shop for businesses and entrepreneurs. Second, it offers various services for entrepreneurs beyond traditional business opportunities.
SPC free zone is a one-stop-solution free zone
SPC free zone is a one-shopping destination for business owners. It is home to more than 1,500 business activities, and several incentives are offered to encourage entrepreneurs to set up their operations in the free zone. For example, entrepreneurs can obtain 100 percent ownership of their businesses. Moreover, they can also opt for multi-year licenses, which can go as long as 10 years. They can also choose from over 1,500 business activities, each of which has different license types.
Furthermore, each license can be used for up to five different activities. Additionally, businesses can acquire dual licenses to operate in the free zone and mainland. Depending on the packages chosen, they can also incorporate up to seven shareholders.
It offers zero tax
One of the main advantages of setting up your company in the SPC free zone is that it has zero taxation. This is an important advantage because Indian investors have to pay a mammoth amount of taxes in their home countries. In addition to zero taxation, you can also take advantage of modern infrastructure. For example, you can easily access remote regions and benefit from zero restrictions on hiring expatriates.
It offers multiple license packages
The SPC free zone offers multiple license packages for entrepreneurs who want to operate their businesses in the free zone. These include an e-commerce license and a commercial license. An e-commerce license allows you to conduct business on the Internet, and a commercial license allows you to trade almost any type of good. An e-commerce license is a great choice for businesses that want to conduct business over the Internet. Each of these packages offers a different level of freedom.
It offers incentives to entrepreneurs
The SPC free zone offers a variety of incentives for entrepreneurs. These include 100 percent business ownership, a multi-year license option (up to 10 years), and 1,500 approved business activities. It also offers dual licensing options, allowing you to conduct business on and off the mainland. In addition, selected packages allow you to have as many as seven shareholders.