Business Setup SPC Free Zone

Sharjah Publishing City is commonly known as SPC Free Zone Sharjah. The zone is located in the heart of Sharjah and it is the one of the few free zones that allows the free zone licenses for the publishers and creative businesses in the UAE. The SPC is the youngest of all free zones in the UAE. This zone allows other businesses to flourish as well which means that it allows thousands of other activities to get registered. The location of the zone is ideal because it is near the Sharjah Education City and Sharjah Cricket Stadium. The Business Setup in the SPC free zone allows to combine up to 5 different business activities. Above all the zone is best known for easy and quick business setups.

Steps Of Business Setup SPC Free Zone

Online Application

To get the business registered in the SPC free zone, one should apply for the process through the online portal. The kyc application along with the documents required must be submitted through the online portal.

Office Space Decision

After the application is submitted the office space is required to conduct the business operations. One must select the office spaces provided by the SPC that suits the business.

Get the License

After the approval of the business, get the license. All the documents are shared with the shareholders of the company.

Apply for Visa

Apply for the visa before entering the country. It is usually a temporary visa and then you can apply for a residence permit and the process can be done within 3 to 5 days time.

Open the Bank Account

Open the bank account which is crucial for running the business. It is usually mandatory by the bank that all the shareholders must appear before the bank management to open the account.

Benefits of Company Formation in SPC Free Zone

Cost Effective - The company formation in SPC free zone is a cost effective option because there is a low setup fee, a competitive license, and no minimum capital is required for business setup.
Tax Exemptions - There is 0% corporate tax. (income more than AED 37500 costs 9% tax)
100% Ownership - Legally own the company and no local sponsor is required.
Lovely Business Environment - Get business free dom with a wide range of business activities and flexible office options.
Lucrative Location - The location of the SPC is great because it is nearby the airport, sharjah education city and sharjah cricket stadium.

Company Types in SPC Free Zone

There are three different types of the companies available in the SPC.

Free Zone Enterprise - FZE

A free zone enterprise or FZE is a company that has a single owner. They can get 100% repatriation of profit and capital.

Free Zone Company - FZCo

A company in the free zone with shareholders is known as FZCo. They can 100% share the profits, repatriation of profits and capital is also available for such companies.

Branch of a Company

A local company can open up their branch or representative office and is usually called as BLC or branch of Local Company. The foreign companies can also open up the branch or representative offices and are commonly known as BFC or Branch of Foreign Company.

Required Documents for Business Registration in SPC Free Zone

Passport Copy (valid for six months at least)
Visa page copy (if applicable and usually for investors on visit visa)
Emirates ID (if applicable and usually for investors already residing in the UAE)
Recent Photo (required the photo of all shareholders)
Application Form
3 name choices (the company names)

Business Setup SPC Free Zone