Company Formation in Sharjah Publishing City (SPC) Free Zone
The Sharjah Publishing City Free Zone is the perfect location to establish your publishing company. This specialized free zone offers unique benefits and facilities tailored specifically for businesses in the publishing industry.
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About Sharjah Publishing City (SPC) Free Zone
The Sharjah Publishing City Free Zone enjoys a prime location that offers unmatched advantages for publishing industry businesses. Strategically situated on Sheikh Mohammed Bin Zayed Road, the free zone is a mere 10-minute drive from the Sharjah International Airport and a 15-minute commute from the Dubai International Airport. This proximity to major transportation hubs ensures efficient logistics and seamless distribution channels for publishing houses, printing presses, and related enterprises to reach regional and global markets efficiently.
The free zone’s location is further bolstered by its proximity to the UAE’s major commercial centers, such as Dubai and Abu Dhabi. This strategic positioning streamlines logistics and fosters collaboration, networking, and tapping into the region’s thriving literary and cultural scene. With state-of-the-art infrastructure, world-class amenities, and a business-friendly environment, the Sharjah Publishing City Free Zone aims to nurture growth and innovation within the publishing industry, establishing itself as a global hub for disseminating knowledge and promoting literary excellence.
Company Formation in SPC Free Zone
The SPC Free Zone, one of the newest additions to Sharjah’s thriving free zone landscape, offers a hassle-free experience for businesses seeking to establish their regional presence. With a streamlined company formation process, the free zone ensures that entrepreneurs and investors can swiftly navigate the necessary procedures, minimizing bureaucratic hurdles and enabling a smooth transition into the vibrant business ecosystem.
What sets the SPC Free Zone apart is the availability of an in-house immigration service designed to expedite visa processing for investors and their employees. This dedicated facility understands the importance of efficient workforce mobility. It recognizes that time is of the essence for businesses seeking to hit the ground running. By providing a seamless visa processing experience, the free zone empowers companies to onboard talent from across the globe, fostering a diverse and dynamic workforce capable of driving innovation and growth.
At Incorpyfy, we can guide you through setting up your company in the Sharjah Publishing City Free Zone. Our expertise ensures a smooth and hassle-free process.
Advantages of Business Setup in SPC Free Zone
Setting up your business in the SPC Free Zone offers numerous advantages, including:
- 100% foreign ownership and full repatriation of capital and profits
- 0% personal and corporate income tax
- 100% import and export tax exemption
No currency restrictions - State-of-the-art infrastructure and facilities
- Easy access to local and regional markets
Facilities in Sharjah Publishing City Free Zone
The SPC Free Zone provides world-class facilities designed to cater to the specific needs of publishing companies, such as:
- Printing and binding facilities
- Warehousing and logistics services
- Exhibition and conference centers
- Business centers and meeting rooms
- Retail outlets for book sales
Steps for Business Setup in SPC Free Zone
Our team of experts will guide you through the following steps to set up your business in the SPC Free Zone:
- Choose the right company structure
- Reserve your company name
- Prepare required documents
- Apply for the business license
- Obtain necessary approvals and permits
- Rent office space or warehouse facilities
- Visa processing for employees
Types of Company Structures Available in SPC Free Zone
The SPC Free Zone offers flexible company formation options to cater to the diverse needs of businesses in the publishing industry. The main structures available include:
Free Zone Company (FZC)
An FZC is a limited liability company owned by one or more individuals or corporate entities. This structure suits medium to large-scale operations and allows for multiple shareholders. An FZC can engage in import/export, distribution, and general trading activities within the free zone.
Free Zone Establishment (FZE)
An FZE is a limited liability company with a single owner, individual, or corporate entity. This low-cost option is ideal for small to medium enterprises, startups, and entrepreneurs seeking 100% ownership. FZEs can undertake commercial, industrial, and service-related activities within the free zone.
Branch Office
Companies already established in the UAE mainland or another free zone can set up a branch office in the SPC Free Zone. This option allows businesses to extend their operations to the free zone without setting up a separate legal entity. Branch offices can carry out activities related to the parent company’s core business.
Professional License
The SPC Free Zone offers professional licenses for individuals, freelancers, and consultants in publishing-related fields such as writing, editing, translation, graphic design, and more. These licenses enable them to practice their profession and provide services within the free zone.
Each company structure has its advantages, eligibility criteria, and licensing requirements. Our experienced team at Incorpyfy can guide you in selecting the most suitable structure based on your business goals, ownership preferences, and operational needs within the publishing industry.
Cost of Business Setup in Sharjah Publishing City Free Zone
The cost of setting up a business in the Sharjah Publishing City (SPC) Free Zone varies depending on the type of company structure, the number of shareholders, and the specific requirements of your business. Here’s an overview of the approximate costs involved:
Free Zone Company (FZC) Setup Cost:
- Company registration fee: AED 15,000 – AED 20,000
- License fee: AED 10,000 – AED 15,000 (annually)
- Office lease: Starting from AED 25,000 (annually)
Free Zone Establishment (FZE) Setup Cost:
- Company registration fee: AED 10,000 – AED 15,000
- License fee: AED 7,000 – AED 12,000 (annually)
- Office lease: Starting from AED 20,000 (annually)
Branch Office Setup Cost:
- Registration fee: AED 10,000 – AED 15,000
- License fee: AED 7,000 – AED 12,000 (annually)
- Office lease: Starting from AED 25,000 (annually)
Professional License Setup Cost:
- License fee: AED 5,000 – AED 10,000 (annually)
Additional Costs:
- Visa and immigration fees (if applicable)
- Refundable deposits (varies)
- Typing and legal documentation fees
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Documents Required for Company Setup in Sharjah Publishing City
Setting up a company in the Sharjah Publishing City Free Zone requires the submission of various documents. The specific requirements may vary depending on the type of company structure you choose. Here’s a general overview of the documents needed:
Document | Description |
---|---|
Passport Copies | Copies of the passport(s) of the shareholder(s) and manager(s) |
Passport-sized Photographs | Recent colored photographs of the shareholder(s) and manager(s) |
Board Resolution | A board resolution from the parent company (if applicable) authorizing the establishment of a branch/subsidiary in the SPC Free Zone |
Memorandum of Association | A document defining the company’s objectives, shareholders, and share capital distribution |
Articles of Association | A document outlining the company’s regulations and bylaws |
Certificate of Incorporation | A copy of the parent company’s certificate of incorporation (if applicable) |
Business Plan | A comprehensive business plan detailing the proposed activities, market analysis, and financial projections |
Proof of Physical Business Premises | A lease agreement or ownership documents for the office space/warehouse within the SPC Free Zone |
Professional Qualifications | Copies of educational certificates, diplomas, or professional licenses (if applicable) |
Undertaking Letter | A letter confirming compliance with the SPC Free Zone’s rules and regulations |
Entry Permit Application | An application form for entry permits for foreign employees (if applicable) |
Please note that additional documents may be required depending on the specific circumstances of your business and the regulatory requirements of the SPC Free Zone authorities. Our team at Incorpyfy can provide you with a comprehensive list of documents and assist you in gathering and preparing them for a smooth company setup process.