Sharjah is the 3rd largest and most densely populated state of the UAE with its boundaries occupying the Gulf of Oman and the Persian Gulf. The entire geographical area of Sharjah comprises 2,600 square Kms that experience an overwhelming flux of around 5 million investors and tourists each year. The geostrategic positioning of Sharjah makes it closer to Africa, Europe, and Central Asia. Being one of the most significant port cities of the UAE with a rich industrial population, it offers remarkable growth opportunities for businesses of all scales.
Recently, Sharjah Publishing City Free Zone (SPCFZ) opened a new opportunity portal for foreign investors after business-friendly amendments in the UAE’s corporate law. The UAE government is committed to taking more business-friendly initiatives to welcome overseas investors and let them enjoy the perks of booming UAE’s economy.
Whether they are Investor-first economic policies or highly-supportive corporate laws, your business setup in Sharjah is destined to reach its summit at a rapid pace. If you want to experience fast-paced business growth with a highly sustainable business ecosystem, a business setup in SPC Free Zone is your perfect decision to date.
This blog post will shed light on some of the crucial aspects that make business setup in the SPC Free Zone vital for any overseas investor and how you can set up a business in the SPC Free Zone.
Wondering how to set up a business in Sharjah Publishing City? Below are the crucial steps necessary to create a business setup in SPC Free Zone:
Begin by opting for the type and niche for your business activity. The legal liabilities and SPC license cost depend upon the business activity you are going to choose. Different business activities draw different paths of your business setup drive in SPC Free Zone in terms of documentation, legal and regulatory compliances, options of office space, availability of warehouse location, application processing time, etc.
Choose a unique tradename or brand name as your business identity. Your tradename must reflect your company’s niche, mission, vision, and values. This is the first step in creating your brand identity that will remain the same throughout your business lifecycle. Before opting for a tradename for your business setup in the SPC Free Zone, check out the availability of your desired name in the Department of Economic Development (DED). It will help you discover whether the name you choose as your brand identity is available or follows the legal & moral obligations of the UAE. You cannot choose a tradename with inappropriate hints or words, a linkage with any religious or sectarian group, and the one already occupied by any other business.
As we have discussed earlier, the process and requirements of an SPC license are subjective to the business activity you opt for. For instance, your target market, niche or industry, products, and services that you are going to include as key pillars in your business model. Sharjah Publishing City Free Zone entertains over 1,500 different business activities. Your SPC trade license is your ultimate portal to create a business setup in SPC FreeZone.
SPC Free Zone ensures flexibility of choice when it comes to selecting and finalizing your office location. You can purchase or rent both furnished and unfurnished office spaces based on your needs. Again, your office space and its location are based on the type and scale of your business activities. SPC Free Zones offer a range of office spaces in different locations with different dimensions and availability of particular utilities.
The entire registration and approval process of creating a business setup in the SPC Free Zone is seamless and straightforward. Fulfill all your documentation, meet all prerequisites, and complete all the above steps before initiating the registration process for your business setup in SPC Free Zone.
Company formation in SPC Free Zone requires you to fulfill some legal liabilities as per the UAE’s legislature. You need to fulfill the following documents required for company formation in SPC Free Zone.
If you are gearing up to start a business setup in SPC Free Zone, you are going to leverage some mindblowing advantages such as:
The license cost in Sharjah Publishing City is AED 15,000 with 1-year license validity and a 2-year of business visa and lease contract. You have the liberty to apply with any two business activities of your choice for a single license agreement.
The category of licenses issued by the concerned authorities in the SPC Free Zone include:
Being the least expensive Emirate in the UAE, the cost of setting up a business in Sharjah is comparatively much lower than in other UAE states. The business setup cost in Sharjah Publishing City (SPC) only includes the SPC license cost and visa fee. You don’t need to show any capital upfront for your business setup in SPC Free Zone. The estimated cost to set up a business in Sharjah ranges from AED 5,000 to AED 30,000 based on your industry, business activities, and scale of business.
Consult Airzone to get linked with experienced business setup professionals who can help you calculate the accurate estimate of the initial investment you require to set up a business in the SPC Free Zone.
You can ensure maximum growth opportunities in various niches and industries for your business setup in SPC Free Zone. Some of the most promising and convincing niches for business setup in the SPC Free Zone include:
You can create a business setup in SPC Free Zone belonging to different niches and scales. The UAE’s Legal framework primarily permits Limited Liability Companies (LLC) of sole or share ownership. Local or You can also open branches of your company based in other Free Zones of UAE.
SPC Freezone gives you the flexibility of adding up to 5 business activities under one SPC Free Zone trade license. Some of the business activities allowed in the SPC Free Zone that you can opt for include:
Business activities that do not align with the moral and ethical values of the UAE are not allowed in SPC Free Zone such as:
SPC Freezone is known for its high-end office locations, enormous warehouses, easy-to-access inventory locations, etc. Another dominating feature of SPC Freezone is the availability of a Dual License as a combo of a Freezone & Mainland License, issued by the Freezone. A dual license is a perfect deal and one of the most attractive facilities in SPC for businesses that focus on trading, eCommerce, financial services, etc.
Some tangible facilities offered by SPC Free Zone include:
You cannot transfer your company from one Free Zone to another but open another branch in any of the Free Zone of your choice in other UAE states. But you can also open a branch of your SPC Free Zone business in UAE mainland regions.
The only way possible to relocate your business to another Free Zone in Sharjah or another UAE state is to abandon your existing company and trade license in SPC Free Zone. Then, go through the entire process of tradename approval, business activities approval, new budgeting, trade license process, etc. Therefore, it is recommended to opt for opening a branch of your existing SPC Free Zone business setup in your desired Free Zone.
Sharjah Publishing City is a Free Zone in Sharjah and offers you 100 percent ownership of your business without any need for local sponsors or shareholders.
From the day you apply for your license in SPC Free Zone, SPC FZ takes just 45 minutes to process your SPC business license.
Airzone can make the right information and resources regarding company formation in SPC Free Zone or elsewhere in the UAE easily accessible to you. We are committed to serving our client base by helping them get on board with our trusted business formation service providers to help them accelerate their process of company formation in the SPC Free Zone.
With the right and dedicated support of our trusted company formation partners, you can set up a business in SPC Free Zone in a hassle-free manner. Feel free to get connected with Airzone to get in touch with our trusted partners in Sharjah Publishing City Free Zone. Acquire your trade license, open your Free Zone bank account, set up your business in SPC Free Zone, and gain exposure to the booming UAE economy.
SPC is famous for offering sustainable business growth and remarkable opportunities for local and overseas investors. Free Zones in UAE are the eye candy of overseas investors and entrepreneurs gearing up to set up their businesses in this amazing land of opportunities. Sharjah Publishing City Free Zone is among the top business destination in the UAE and attracts a gigantic flux of overseas investors by offering a range of privileges. Connect with Airzone to begin your business setup in SPC Free Zone and leverage the perks of zero tax, 100 percent business ownership, and other facilities in SPC discussed above.