As is well known, only those firms that have been handpicked by the Government for their substantial contribution to the nation's Foreign Direct Investment (FDI) get assigned this highly coveted SEZ status. Virtual Employee Pvt. Ltd. will now be joining the likes of IT biggies such as Tech Mahindra, HCL and others in this IT-dominated zone in Noida.
Special Economic Zone means a specified region in a state that has liberal economic laws in comparison to the state's typical economic laws. SEZs help in the economic and industrial growth of a country and this is the reason that the government of India is encouraging the setting up of more and more SEZs in the country. So, being in the SEZ means having access to all the benefits that the Government lavishes on such companies. One of these benefits is a 15-year corporate tax holiday on export profit – 100% for initial 5 years, 50% for the next 5 years and up to 50% for the balance 5 years equivalent to profits ploughed back for investment.
The new address is also likely to further cement this outsourcing firm's standing as the cream of the lot in the outsourcing industry. In the business for the last five years, Virtual Employee Pvt. Ltd. has a global clientèle that is spread across the US, UK, Europe, Australia and even Canada.
So, what are the embellishments that accompany the shift of location?
The companies that set up their units in the SEZ are provided with built up space and developed plots. For starters, the new office will be of an absolute international standard, complete with central air-conditioning and central heating facilities as well as a host of amenities for the employees. It can enjoy support services such as post office, banks, food courts, ATMs, and fire services, all of which are provided within the SEZ complex. The office will boast state-of-the-
From the employee's point of view, it couldn't be better! And the new address in the SEZ will further impress the company's overseas clients when they come visiting to interact with their virtual employees. It is a further proof of the outsourcing prowess that this vendor has achieved in just five years. Of course, being the pioneer company to have introduced the revolutionary new concept of the 'virtual employee', dispelled the doubts and misconceptions many first-time clients had and not only did they use Virtual Employee pvt. Ltd.'s services, they also ended up expanding their virtual team base here in India with this vendor.
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VirtualEmployee.com provides employees or 'Virtual Employees' who work full time and directly for companies based in the USA and Europe. The Virtual Employees work directly for the company from the USA or Europe who have outsourced their business processes to India, but work from the VirtualEmployee.com head outsourcing office in India.