Company Formation in SPC FZ – Sharjah Publishing City Free Zone

Company Formation in SPC FZ – Sharjah Publishing City Free Zone
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Sharjah is the third largest city after Dubai and Abu Dhabi in the U.A.E. Sharjah is bordered by the cities of Dubai and Ajman and is about 170 kms away from the capital city Abu Dhabi. It is to promote free trade & industry that the Sharjah Airport International Free Zone was set up in 1995 and today is the center piece of the Sharjah governments’ commitment to free trade

The Sharjah Book Authority (SBA) was established in 2013, meeting the need for this city of culture to have an independent organization for literature, reading and publishing. SBA encourages continuous learning, investment in intellectual industries, translation and sharing knowledge. SBA is now responsible for managing significant cultural projects, such as the Sharjah International Book Fair (SIBF), Sharjah Children’s Reading Festival (SCRF), Sharjah Public Libraries and Sharjah Publishing City, a free zone set to become the centre for the publishing industry.

Sharjah Publishing City Free Zone (SPC FZ) is the world’s very first Publishing and Printing Free zone that offers its investors in the industry the opportunity to expand in the MENA region, have improved accessibility worldwide, capitalize on tax free privileges while benefiting from being a wholly independently owned and operated company.

Major Benefits of Company Formation in Sharjah Publishing City Free Zone:

  • 100% foreign ownership,
  • 100% repatriation of capital,
  • 100% exemption from personal income tax, corporate tax, service tax, import and export tax,
  • No Currency restrictions,
  • Wide range of business activities related to publishing & Printing Sector,
  • One stop shop for company registration, licensing and government services.
Characteristics of Sharjah Publishing City Free Zone Company Setup:

Location:

Sharjah Book Authority – Sharjah Publishing City, Sharjah, (U.A.E.)

Proposed activity:

Trading/Service and Publishing related activities can be carried out in Sharjah Publishing City Free Zone.

License available:

Commercial trading/Service & Holding License are available options for Sharjah Publishing City Free Zone.

Type of entities:

FZE (single shareholder), FZC (2-7 shareholders) & Branch office

Shareholder:

Shareholder for Sharjah Publishing City Free Zone Company can be Individuals or Corporate entity

Director:

Individuals only (Minimum one. Shareholder can also be Director)

Share capital:

AED 50,000/- (50 shares of AED 1,000/- each) for Sharjah Publishing City Free Zone Setup and AED Nil/- in case of Branch office. (Required to be deposited in bank before or after company incorporation)

Do note that shares are deemed to be issued on company incorporation irrespective of whether share capital is deposited in bank pre or post incorporation.

Audit:

Audit report is required to be filed with Sharjah Publishing City Free Zone.

Estimated time:

3 – 5 working days to trade license of the company and register a company in Sharjah Publishing City Free Zone

Another 7-10 working days for immigration card subject to security clearance & thereafter visa may take approximately 7-10 working days on normal basis.

SPC FZ (Sharjah Publishing City Free Zone) Company Setup Process:

  • Identify the legal form of company to be registered in SPC FZ
  • Select activity from SPC FZ activity list,
  • Apply for name and initial approval,
  • Payment of fees related to SPC FZ business set up,
  • Sign SPC FZ company registration and incorporation documents,
  • Apply for SPC FZ residence visa.

Documents Required for SPC FZ Company Registration:

The documents required for business set up in SPC FZ (Sharjah Publishing City Free Zone) depends on whether a shareholder is individual or corporate entity. Basic requirements are

  • Color passport copy,
  • Color UAE residence visa & emirates id copy,
  • Utility bill copy,
  • NOC from current sponsor

To know more about the complete requirements for company formation in Sharjah Publishing City Free Zone call us now on 050-8992852 or drop an email to sagar.mehta@gbsei.com

Company Formation Cost in SPC FZ:

SPC FZ Company Setup begins from AED 25,800/-.

Call us now on 050-8992852 or drop an email to sagar.mehta@gbsei.com to know about special promotions/offers related to business setup in SPC FZ.

Other Notes for SPC FZ – Sharjah Publishing City Free Zone Company Formation:

  1. Document to be legalized with UAE Embassy in case of corporate shareholder
  2. Shareholder or directors wishing to have UAE residency visa on said company will need to revisit after issuance of license, immigration card and entry permit for stamping of visa on the passport and may need to stay in UAE for 5 to 7 working days as that process may take time.
  3. Company Immigration/Establishment card to be renewed every three years
  4. Investors to have family status UAE visa should have share capital of AED 75,000/- and in order to be eligible for Owner/Investor/Partner visa should have share capital of AED 60,000/-

Global Business Services DMCC has helped many individuals and corporate entities to set up their businesses in SPC FZ. Our company acts as a one stop solution for SPC FZ company incorporation services.

If you are looking for SPC FZ company setup, please get in touch with us for professional assistance.

Call us now on 050-8992852 or drop an email to sagar.mehta@gbsei.com to know about special promotions/offers related to business setup in SPC FZ (Sharjah Publishing City Free Zone).

Whilst every effort has been made to ensure that the details contained herein are correct and up-to-date, it does not constitute legal, tax or other professional advice. We do not accept any responsibility, legal or otherwise, for any errors or omissions.

GBSOur Office
Organically grow the holistic world view of disruptive innovation via empowerment.
+971 4 4471803
OUR LOCATIONWhere to find us?
For company formation and company incorporation services please contact us at our mailing address:

Office No.12A-06,
13th floor HDS Tower,
Plot No. F2,
Jumeirah Lakes Towers,
Post Box 309074,
Dubai (U.A.E)

GET IN TOUCHGBS Social links
Taking seamless key performance indicators offline to maximise the long tail.
GBSOur Office
Organically grow the holistic world view of disruptive innovation via empowerment.
+971 4 4471803
OUR LOCATIONWhere to find us?
For company formation and company incorporation services please contact us at our mailing address:

Office No.12A-06,
13th floor HDS Tower,
Plot No. F2,
Jumeirah Lakes Towers,
Post Box 309074,
Dubai (U.A.E)

QUICK LINKSOur Services
GET IN TOUCHGBS Social links
Taking seamless key performance indicators offline to maximise the long tail.
AVANTAGEHeadquarters
Organically grow the holistic world view of disruptive innovation via empowerment.
OUR LOCATIONSWhere to find us?
GET IN TOUCHAvantage Social links
Taking seamless key performance indicators offline to maximise the long tail.
AVANTAGEHeadquarters
Organically grow the holistic world view of disruptive innovation via empowerment.
OUR LOCATIONSWhere to find us?
GET IN TOUCHAvantage Social links
Taking seamless key performance indicators offline to maximise the long tail.

Copyright © 2020 Global Business Services.

Copyright © 2020 Global Business Services.

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