WHAT IS SEZ? – a special economic zone is an area where business and trade laws differ from the rest of the country. Special Economic Zones aim to increase trade balance, boost employment rates by creating new jobs and increase investment into the country’s economy.
The government uses various ways to encourage foreign and domestic investors to incorporate businesses within the zone. Every country has its own set of policies for such zones, as well as different taxation, trading, customs and labour regulations. The underlying similarity between all Special Zones is a much friendlier business environment. Special Zones usually attract businesses by providing tax exemptions, reducing license requirements, fast-track incorporation and lowered operating costs.
Creation of special economic zones by the countries are often motivated by the desire to attract additional foreign investments. In return for investing into the country’s economy, businesses are able to produce and trade goods at a lower price, in order to be globally competitive.
Besides the obvious benefits for the countries, there are numerous benefits for your business. Before establishing your business, you should always consider one of the Special Economic Zones as your incorporation hub.
One of the main benefits of establishing your business in one of such zones is having offshore benefits onshore. You can have a tax-free business in a reputable jurisdictions and work with trusted financial institutions, which will guarantee your customers’ and business partners’ trust and respect.
✓ IT Services
✓ Digital Nomads
Our team of Incorporation Specialists can help you find a suitable Special Economic Zone today, just fill out the form below, and provide us with a brief description of your business. One of our specialists will get in touch with you within the next 24 hours and provide you with all the necessary details, how you can benefit from incorporating in a Special Economic Zone.
Novasigma has been providing impeccable International Incorporation Services for over 12 years, our team of qualified specialists will definitely find a suitable solution designed for you, and guide you through the entire process.
Our customers’ success is what made Novasigma the leading provider of International Business Services. Our only goal is to help you succeed today and the future.
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