Sharjah Publishing City Free Zone, a subsidiary of Sharjah Book Authority, is the smarter, simpler and faster choice for entrepreneurs and investors looking to set up their business in the UAE. Sharjah Publishing City Free Zone offers convenience and flexibility with over 1,500 business activities and various types of modern facilities to operate from – making it an ideal business setup platform.
Sharjah Publishing City Free Zone (SPC), is strategically located in the heart of Sharjah and offers a mix of modern infrastructure facilities such as Coworking, Retail, Storage, and Commercial Offices in a business-friendly regulatory environment. One of the free zone’s unique features is that it is authorized to issue a dual license (Mainland and Free Zone). It offers modern office spaces, state-of-the-art warehouses, and storage areas, as well as co-working spaces and cafes.
Benefits to set up a company in Sharjah Publishing City Free Zone:
- 100% foreign ownership
- Zero paid up share capital
- Zero income tax or import/export duties
- Lease Agreement with every business license
- Instant license in 45 minutes
- Residence visa in 5 days
- You can combine upto 5 business activities
- Up to 100 visas under one license
- Same price on renewals
- Corporate banking assistance
Types of facilities available at Sharjah Publishing City Free Zone:
- Coworking: A shared business space that is ideal for entrepreneurs and professionals seeking collaboration opportunities.
- Office Space: Choose from furnished and unfurnished office spaces in a modern, professional workspace.
- Shell & Core: Select from a wide range of shell & core options to meet your business needs now, with the ability to grow in the future.
- Retail: Retail space is available to cater for you and your customers from an accessible location.
- Warehouse: Utilise our warehouses to store a large amount of goods and effectively manage your packing, inventory and shipping process.
- Storage: Keep goods in storage spaces with a state-of-the-art fire, safety and security system.
Business set up Timeline in Sharjah Publishing City Free Zone:
Sharjah Publishing City Free Zone Set Up Package with charges:
* The fees stated above and in this article are purely based on the information available on the official websites/sources of the concerned government authority and from publicly available sources. You can anticipate changes in future in the costs mentioned. If you re taking any decisions based on the info provided in this article, kindly recheck with the official authorities/sources before taking any decision. Spectrum is not responsible for any changes in the costs mentioned above.
Corporate tax applicability to the companies in Sharjah Publishing City Free Zone:
Corporate tax law is going to be applicable for all the companies registered in UAE including the free zones in UAE. The UAE Corporate tax is going to be effective for the financial year beginning on or after 1 June 2023 for the businesses in UAE. Corporate tax will be levied at zero percent on the taxable income (adjusted net profit) of the businesses in the free zones as long as they comply with all the regulations of the respective free zone and do not do any business with the mainland companies, otherwise there is a possibility of levying 9% corporate tax on the taxable income (adjusted net profit) in excess of AED 375,000. Hence companies in the Free Zones need to make sure that they are complying with all the regulations of the free zone and do not do any business with the mainland entities to enjoy the benefit of zero percentage of UAE corporate tax.
{NOTE: Kindly note that the authenticity of this article is limited to the day of publishing this blog. As policies and rules pertaining to each free zone keeps changing from time to time based on the necessity of the respective authority, it is hereby advised you to check the website of the concerned free zone directly to get the latest update on the same. We do not assume any liability if you have taken any decision based on the information provided in the article. We have ensured that the presented information to the visitor is legible to the maximum extent possible so that all the information is available in one page, at one go. Thank you.}
How can Spectrum help you set up a business in Sharjah Publishing City Free Zone?
Spectrum provides an easy and simple start-up process for companies seeking to set up offices in Sharjah Publishing City Free Zone. Spectrum’s dedicated team will guide you through the process, answer your questions, provide the necessary forms, and serve as your primary point of contact to support you through the whole process.
Spectrum is an expert firm in the Company Formation and Company Liquidation process. Our passion and heart lie in serving the clients and we aim at the utmost client’s satisfaction. We are registered Auditors under the Ministry of Economy UAE and also registered Tax Agent from Federal Tax Agency UAE, Dubai providing dedicated Audit, Accounting, Tax services and various Business Advisory Services complying regulatory requirements.
Call us today for any kind of assistance at +971 4 2699329 or email us at [email protected] to get all your queries addressed. Spectrum is your partner in your success.
AUTHOR
Accounts Executive