SPC FREE ZONE

Sharjah Publishing City Free Zone is referred to in Sharjah as the "SPC Free Zone." The United Arab Emirates city of Sharjah is home to this specialized economic zone that serves the publishing sector (UAE). Publishers, printers, book distributors, and other similar companies can access a variety of services through the Free Zone. In addition to 100% foreign ownership, tax exemptions, and simple access to global markets, it provides a number of advantages to businesses operating in the zone

Why set up in SPC Freezone?

SPC Free Zone's straightforward and efficient business setup procedure can assist entrepreneurs in promptly launching their operations. The Free Zone also provides a variety of assistance services that can aid business owners in establishing their enterprises, such as company formation, visa processing, and legal and regulatory support.

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There are several reasons why companies might choose to set up in the Sharjah Publishing City (SPC) Free Zone:

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1. 100% foreign ownership: 100% foreign ownership is permitted for businesses operating in the SPC Free Zone, giving them complete control over their activities and financial results.

2. Tax exemptions: The SPC Free Zone exempts businesses operating there from both corporate and individual income taxes, which can help them save money and improve profitability.

3. Easy access to global markets: Companies can easily access global markets and develop their operations because to the SPC Free Zone's excellent location in the United Arab Emirates.

4.  Focus on a specific area: The SPC Free Zone is designed with the publishing industry in mind, giving businesses the tools and assistance, they require to be successful there.

5. Good infrastructure: The SPC Free Zone provides a variety of services, including fully furnished offices, warehouses, high-speed internet, meeting and conference rooms, business center services, and round-the-clock security, which aid businesses in establishing and expanding their operations.

6. Support for laws and regulations: The SPC Free Zone offers a variety of extra services to aid companies in starting up and expanding, including company creation, visa processing, and legal and regulatory support.

7. Access to talent: The SPC Free Zone is home to a large number of publishing and printing businesses, making it simple for businesses to access and hire seasoned experts in the area.

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Overall, establishing a business in the SPC Free Zone can provide businesses a number of advantages that can help them launch and expand their publishing operations, as well as gain access to global markets and save money on taxes.

 

COMPANY FORMATION IN SPC FREE ZONE

 

There are a few procedures that must be followed in order to establish a legal entity in the Sharjah Publishing City (SPC) Free Zone. Here is a broad definition of what happens:

 

1. Select an activity for your business: The first step is to select an activity for your business from the list of activities provided by the SPC Free Zone.

2. Select a company name: The next step after selecting a business activity is to select a company name. The firm name must be distinctive and different from any other company name already in use in the SPC Free Zone.

3. Submit the proper documents: After deciding on a business venture and a company name, the following step is to submit the necessary paperwork. These papers include a copy of each shareholder's passport and Emirates ID, a copy of the local sponsor's trade license (if applicable), and a copy of the organization's memorandum of association.

4. Obtain the initial approval: After submitting the necessary paperwork, the next step is to get the SPC Free Zone's initial approval. The Free Zone reviews the documents to ensure they comply with the standards before granting this clearance.

5. Pay the fees: After receiving the initial approval, the fees must be paid. These fees cover the cost of registering a business, purchasing a trade license, and paying for any other services that are necessary.

6. Obtain the trade license: The next step is to receive the trade license, which is done after the costs have been paid.

 

ALL SERVICES UNDER ONE ROOF

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The Sharjah Publishing City (SPC) Free Zone provides a variety of services under one roof that can assist businesses in establishing and expanding their operations successfully. These services consist of:

 

1. Establishing a business: The SPC Free Zone assists with the establishment of businesses, including the submission of the necessary paperwork and securing initial permission and a trade license.

2. Process of obtaining a visa: The SPC Free Zone can help with the process of obtaining a work visa for employees and a resident visa for shareholders.

3. Legal and regulatory support: The SPC Free Zone provides legal and regulatory support to assist businesses in abiding by UAE laws and regulations.

4. Services for business centers: The SPC Free Zone offers business center services such as mail and courier services, which can aid businesses in efficiently managing their operations.

5. Meeting and conference rooms: Businesses can hold meetings, conferences, and events in the SPC Free Zone's meeting and conference rooms.

6. 24-hour security and access control: The SPC Free Zone provides 24-hour security and access control to ensure the safety and security of companies' assets and personnel.

 

KEY POINTS

 

1. License fee starting from AED 5,750/-

2. Option to combine Commercial and Service activities in the same License.

In Sharjah Publishing City Free Zone (SPCFZ), businesses have the option to combine commercial and service activities under the same license, this allows businesses to conduct both trading and service activities under one license, which can make it more convenient and efficient for companies operating in the free zone.

 

By having a single license, businesses can save time and money as they don't have to go through the process of registering separate entities or obtaining separate licenses for different types of activities. This can also help to simplify the compliance process as businesses only have to comply with regulations and reporting requirements for one license.

 

The combined license allows businesses to engage in a wide range of activities such as publishing, printing, advertising, design, multimedia, digital content production, animation and post-production services, event management, and other creative industries.

 

However, it is important to note that there may be specific regulations and restrictions for certain industries or types of activities, so it is important to check with the SPCFZ authority for more information. Additionally, businesses are required to comply with the free zone regulations and the laws of the United Arab Emirates.

 

In summary, the option to combine commercial and service activities in the same license in Sharjah Publishing City Free Zone is a convenient and flexible option for businesses operating in the free zone, allowing them to conduct multiple activities under one license, simplifying compliance and reducing costs.

 

1. No extra fee for General Trading Activity

 

In Sharjah Publishing City Free Zone (SPCFZ), businesses have the option to conduct general trading activities without incurring any additional fees. This means that businesses can engage in importing, exporting, and distributing goods without having to pay any extra charges on top of their license fees.

 

This can be beneficial for businesses looking to conduct trading activities as it can help to reduce overall costs and make it more cost-effective for them to operate in the free zone. Additionally, businesses can also make use of the free zone's customs and logistics facilities for their trading activities, which can make it easier for them to import and export goods.

 

 However, it is important to note that there may be specific regulations and restrictions for certain industries or types of goods, so it is important to check with the SPCFZ authority for more information. Additionally, businesses are still required to comply with the free zone regulations and the laws of the United Arab Emirates.

 

The option to conduct general trading activities without incurring additional fees in Sharjah Publishing City Free Zone is a cost-effective option for businesses looking to engage in trading activities within the free zone, allowing them to import, export, and distribute goods without any extra charges and also making use of the free zone's customs and logistics facilities.

 

1. 3 groups of activities can be included in the same license

In Sharjah Publishing City Free Zone (SPCFZ), businesses have the option to combine multiple types of activities under the same license. These activities are grouped into three categories: commercial, service, and general trading activities.

 

• Commercial activities include businesses that are engaged in the sale or distribution of goods, such as publishing, printing, and advertising.

 

• Service activities include businesses that provide services such as design, multimedia, digital content production, animation and post-production services, event management, and other creative industries.

 

• General trading activities include businesses that import, export, or distribute goods and products. This can include a wide range of products such as electronics, clothing, food, and other consumer goods.

 

By having a single license, businesses can save time and money as they don't have to go through the process of registering separate entities or obtaining separate licenses for different types of activities. Additionally, businesses are required to comply with the free zone regulations and the laws of the United Arab Emirates.

 

It is important to note that there may be specific regulations and restrictions for certain industries or types of activities, so it is important to check with the SPCFZ authority for more information. The option to combine multiple types of activities in the same license in the Sharjah Publishing City Free Zone is a convenient and flexible option for businesses operating in the free zone, allowing them to conduct multiple activities under one license, simplifying compliance and reducing costs.

 

1. 6 visa quota with virtual office and up to 20 visa with physical office

 

In the Sharjah Publishing City Free Zone (SPCFZ), businesses have the option to obtain a virtual office or a physical office. With a virtual office, companies are provided with a mailing address and telephone number within the free zone but do not have a physical office space. With a physical office, companies are provided with physical office space within the free zone.

 

With a virtual office, businesses are entitled to a maximum of 6 visa quotas, which allows them to sponsor employees to work in the free zone. With a physical office, businesses are entitled to a maximum of 20 visa quotas, which allows them to sponsor a larger number of employees to work in the free zone.

 

It is important to note that visa quotas are subject to availability and are allocated on a first-come, first-served basis. Businesses will also be required to comply with the free zone's regulations and the laws of the United Arab Emirates when sponsoring employees to work in the free zone.

 

Businesses operating in the Sharjah Publishing City Free Zone have the option to obtain a virtual office or a physical office. With a virtual office, businesses are entitled to a maximum of 6 visa quotas, while with a physical office, businesses are entitled to a maximum of 20 visa quotas. These quotas allow businesses to sponsor employees to work in the free zone, but are subject to availability and compliance with free zone and UAE regulations.