License cost from AED 5,750
Residence visas for 2 years
Company formation from 7 days
Bank account Guaranteed
SPC Free Zone authorized partner
— Yes,
if your company’s business activities are related to publishing, printing, distribution, trading (including E-commerce), consultancy, IT, or other professional services. Located in Sharjah, the SPC Free Zone also provides industry-specific businesses with unparalleled networking abilities.
Should you require alternative solutions, consider company formation in SHAMS, Dubai Media City, or IFZA.
— No,
The process of company setup in the Sharjah Publishing City Free Zone is managed by the SPC Authority and typically takes only 7 working days, with business license and incorporation documents issued within a day. It can also be carried out by business consultants in Dubai.
Step 1. Choose your business activities and license type.
Determine the business activities of your future company and the corresponding license type. This aspect is vital for a successful business setup, as choosing the wrong activity and license can cause errors during company registration, leading to problems with opening a bank account or obtaining residency visas for yourself and your employees.
Step 2. Determine the legal entity of your business.
Define your company’s legal status. The SPC Free Zone offers several company types for establishing a business depending on the preferred number of shareholders and business activities:
Step 3. Prepare and file the required documentation.
Prepare and submit the necessary documents together with the application form. The list of necessary documents for the registration of an FZE in the SPC Free Zone includes the following:
Registering a company branch in the SPC Free Zone requires a different set of documents:
Also, this step involves paying all the registration and processing fees.
Step 4. Collect the license and registration documents.
Collect the license and registration documents for the company, including:
In the SPC Free Zone, both the business license and other company incorporation documents are issued within 1 day.
Step 5. Secure your Establishment Card.
Receive the Establishment Card containing information about your company and visa quotes. The Establishment Card is typically issued on day 3 of the setup process.
Step 6. Apply for an entry permit.
Apply for an entry permit. If you’re outside of the UAE during the processing of the entry permit, you will need to come to the country when the document is issued within 60 days to complete the medical test and biometrics for your visa. If you’re in the UAE when the entry permit is issued, a status change will be done from your previous UAE tourist/residency visa to the new one.
Step 7. Take a medical test and submit visa documents.
Undergo a medical checkup and submit documents for a residence visa and an Emirates ID. Different registration packages may provide for a varying number of visas available for owners and employees of the company, including a 0-visa package.
Step 8. Collect your Emirates ID.
Once your visa is issued, secure your Emirates ID card.
Step 9. Open a bank account.
Apply to a UAE bank to open a corporate bank account. Once you receive your account details, you are free to start running your business.
The Sharjah Publishing City Free Zone is currently among the most affordable options for business setup in the UAE, with very reasonable company formation and facility lease costs along with numerous advantages the free zone provides. Business license costs at the SPC Free Zone start at AED 5,750, and there are plenty of cost-effective setup packages on offer for various business types with a varying number of visa quotas.
SPC’s 1-year licenses and packages:
ITEM & DESCRIPTION | COST, AED |
---|---|
0-visa Publishing Co-Working License Package | 5,750 |
0-visa Coworking License Package | 9,000 |
1-visa Unfurnished Office Space Package | 9,250 + 980 per sq. m. |
1-visa Furnished Office Space Package | 9,250 + 1,100 per sq. m. |
0-visa Open/Shell & Core Package | 5,750 + 400 per sq. m. |
0-visa Warehouse/Storage Package | 5,750 + 480 per sq. m. |
Different setup packages may or may not include additional costs, such as:
The activity list of the Sharjah Publishing City Free Zone includes over 2,000 business activities across a broad spectrum of activity categories:
In addition, SPC allows engaging in several activities under a single license. Licenses offered by the SPC Free Zone come in 4 types for businesses of all sizes. In the table below, you can find the list of business licenses supported by SPC and their descriptions.
SPC LICENSE TYPE | LICENSE DESCRIPTION |
---|---|
Commercial/Import- Export license | These licenses allow businesses to import and export goods, as well as to distribute and sell them. |
Services license | They allow businesses to provide professional services, such as publishing, printing, design, IT, media, and consultancy services. |
General Trading license | For companies involved in the import/export, distribution, delivery, and storage of goods. |
E-Commerce/Trading license | E-Commerce licenses allow businesses to engage in buying and selling of goods or services over the Internet. |
Also, the SPC Free Zone offers a Dual License, which allows businesses to operate in the UAE mainland without having to form a separate legal entity. It combines both the free zone and mainland business licenses and enables the SPC Free Zone to act as the local sponsor, which is required for mainland operations.
The distinctive feature of the SPC Free Zone is its well-established world-class infrastructure with an extensive choice of business facilities for lease and amenities for comfortable day-to-day operations.
Facility options available in the SPC Free Zone include:
TYPE OF FACILITY | DESCRIPTION |
---|---|
Co-working spaces | Collaborative shared workstations, which are a convenient and cost-effective business setup solution with a company address tied to the free zone. |
Furnished and unfurnished offices | A variety of high-end office spaces with different sizes for all business needs, from unfurnished to professionally designed and equipped ones. |
Shell & Core offices | Configurable office solutions allowing for customization to suit the specific needs of a company. |
Warehouses and storage units | High-quality multipurpose warehouses for storage and other operations available in different shapes and sizes. |
As the name suggests, Sharjah Publishing City offers a full range of services and amenities that may be required by a publishing company or other related business types for their everyday activities. Apart from office and storage facilities, the SPC Free zone offers retail spaces, meeting rooms, printing units, in-house immigration services, dining establishments, and more.
In addition, SPC is located in Sharjah, the education capital of the UAE, within a 10-minute drive to Sharjah International Airport, a 15-minute drive to Dubai International Airport and within close proximity to the Carrefour Mall.
Naturally, the SPC Free Zone allows for resident visa eligibility. The number of available visa quotas depends on your company type and the premises you choose, including a 0-visa option. Due to the fact that the SPC Free Zone has its own built-in immigration facilities and services, the processing and issuance of entry permits, visas, and Emirates IDs is very quick and takes only a few days, along with the required medical tests.
Just as with other company formation costs, immigration fees in the SPC Free Zone are among the most affordable across the UAE.
SPC Free Zone visa costs (AED):
ITEM | SPC FEE, AED |
---|---|
Visa and Emirates ID | 2,530 |
Change of status | 700 |
Establishment Card | 640 |
All visas are valid for 2 years.
The renewal of a company in the SPC Free Zone has to be done after 1 year from the date of registration. The procedure includes the renewal of the license and office lease. In order to execute company renewal, you need to pay:
These payments amount to the following:
Fee | Cost, AED |
---|---|
0-visa SPC Free Zone license renewal (minimal cost, does not include other associated fees like lease etc) |
5,750 |
The cost of license renewal is typically the fee that you pay for the license at the registration.
To renew your business license, contact your business setup consultant who will prepare an application with the required documents to the free zone authorities, sign the renewed lease agreement, pay the renewal fees, and wait for your license to be renewed.
Corporate amendments in the Sharjah Publishing City Free Zone can be implemented any time after the issuance of the business license is issued and as many of them as you require. The most frequently requested amendments include the following changes:
If you decide to close your company in the SPC Free Zone, you will have to return the original documents and pay the liquidation fee. The liquidation procedure consists of the following steps:
1. Provide the following mandatory documents, such as:
2. Pay cancellation fees and settle other payments. Once this is done, the liquidation process is initiated.
3. All residence visas and other immigration-related documents issued under the company need to be canceled as well.
4. Once the liquidation is complete, you will be notified and receive the corresponding documents.
Located in the heart of the Emirate of Sharjah, the Sharjah Publishing City Free Zone (SPC) is a pioneering business hub dedicated to fostering innovation and growth in the publishing and media industries. Established in 2017, the SPC Free Zone is one of the newest free zones in the country, but it has rapidly emerged as a premier destination for companies seeking to capitalize on the region's burgeoning demand for high-quality content.
This is in no small part due to Sharjah being the UAE’s renowned center of education and culture and the 2019 World Book Capital. As such, the Emirate regularly hosts large international events, such as the Sharjah International Book Fair, the main publishing-related event in the Middle East Region hosted by the Sharjah Book Authority, which in turn oversees the SPC Free Zone. This provides local and international businesses with unparalleled opportunities for development and networking.
The SPC Free Zone is strategically situated near Sheikh Mohammed bin Zayed Road (E 311) and Sharjah and Dubai international airports, providing effortless connectivity to other emirates and major markets across the Middle East, Africa, and Asia. This prime location facilitates the efficient distribution of printed and digital materials, making it an ideal base for businesses looking to expand their regional and global reach.
The SPC Free Zone is a purpose-built business hub designed to meet the unique needs of the publishing and media industries and home to a growing community of entrepreneurs and companies, including international and regional players. It boasts modern world-class infrastructure with an extensive choice of rentable facilities and amenities to satisfy all the needs of hosted businesses and their operations.
The zone's business-friendly environment and industry-specific infrastructure have attracted a diverse range of businesses, from startups to established industry leaders. With enabled 100% foreign ownership, affordable setup costs, minimized corporate taxes, streamlined company formation process, and over 2,000 available business activities, the SPC Free Zone provides the perfect platform to grow your business and succeed in the global market.
Top 10 questions about SPC free zone company
Basically no, as a personal visit to the UAE is required as per the regulations of the UAE Central Bank. Local banks require this visit to verify the client's identity. However, some banks allow remote account opening through their digital bank applications or website.
In most cases, you can obtain a debit card for your newly opened company, especially if there is only one shareholder. However, a credit card is usually issued against a fixed deposit. As for loans, banks may consider your eligibility based on your company's operations and profits. It is recommended to apply for a loan after at least one year of company operations.
Officially, the office of a free zone company should be located within the free zone where it is registered. However, if you need an office in Dubai, you have the option to rent space in a Business Center and use it on a flexible basis. It is important to note that the minimum required space (flexi desk) in the free zone cannot be canceled.
A flexi desk is a mandatory requirement for any company eligible for resident visas. It serves as the minimum physical office space that a company with individuals under its visa must have. Additionally, a flexi desk can facilitate bank account opening as banks require evidence of a company having some form of office or physical presence.
VAT obligations depend not only on the place of registration but also on where the business activities take place. VAT becomes applicable when the taxable turnover reaches AED 375,000. If a free zone company's trading activities take place abroad, the turnover is not considered taxable as long as the goods or services are supplied outside the UAE. However, if the goods or services are supplied to customers within the UAE, the 5% VAT will be applicable.
The UAE is free from personal income tax. However, there is a 5% import tax on goods brought into the country and a 5% VAT on trading or service transactions that occur within the UAE.
On June 1, 2023, the UAE introduced 9% corporate tax, however, the UAE freezone companies that meet certain requirements as outlined by the Federal Tax Authority will be able to benefit from tax reliefs and possibly file the 0% corporate tax.
The suitability of a free zone company versus an offshore or mainland entity depends on your business model and requirements. However, a free zone setup offers advantages such as 100% foreign ownership, eligibility for resident visas, the ability to conduct business both within and outside the UAE, and greater favorability with banks compared to offshore companies. Additionally, free zones often offer a flexi desk option instead of executive offices, making it a cost-effective way to start a business without unnecessary obligations.
While we strive to make the account opening process as smooth as possible, we cannot guarantee the approval as it ultimately depends on the bank. Each case goes through several bank departments for approval, and the bank may contact you directly for clarifications. Providing a clear picture of your business to the bank increases the chances of successful account opening. We do our best to prepare you and your company for a smooth and fast account opening process.
Your company should be renewed annually, and the cost is typically lower than the initial setup cost. The renewal fees depend on your company package, and you can obtain the price by downloading the Estimate from our website. Company renewal does not require the personal presence of the owner and can be done by your agent. After renewal, the new license must be presented to the bank to extend the bank account, which is included in our renewal service.
You have multiple options for fee payment. You can make payments via bank transfer, cash, or online using a card.
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