Uniwide provides company formation services in various free zones of the United Arab Emirates. Below is the profile of the Sharjah Publishing City Free Zone (SPC).
| Name and Website |
Sharjah Publishing City |
|---|---|
| General Information |
Sharjah Publishing City was established in 2017 by Decree of the Ruler of Sharjah, Sheikh Dr. Sultan bin Muhammad Al Qasimi. The creation of SPC was one of the flagship initiatives of Sharjah Book Authority, the Emirate’s cultural and educational body. SPC is one of the world’s first economic zones to offer a complete ecosystem for businesses in the publishing and printing industries, as well as for international business in general. Thanks to its affordable price packages and a wide range of additional business services, the SPC Free Zone in Sharjah can be an excellent alternative to Dubai for those looking to open a company in the UAE. |
| Specialisation |
The SPC Free Zone is focused not only on publishing businesses. The total list of available licensed activities includes around 2,000 positions, covering e-commerce, IT, consulting, and more. |
| Regulator |
Sharjah Publishing City Free Zone Authority |
| Company Regulations |
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| Types of Licenses |
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| Dual Licensing |
Companies in SPC have access to “dual” licenses, which provide the opportunity to conduct business in the UAE outside of the free zone. |
| Forms of Companies |
To set up a business in the free zone, you can select one of the following entity types:
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| Share Capital |
There are no minimum requirements for the amount of paid-up share capital. Foreign shareholders may own 100 percent of the company’s shares. |
| Physical office |
SPC offers a diverse range of workspaces, from co-working and flexi desks to fully equipped and ready-to-use offices. Also available are shell-and-core office spaces, retail outlets, warehouses, and storage areas. |
| Financial Statements and Audit |
SPC Free Zone companies are required to prepare annual audited financial statements. |
| Taxation of Profits |
SPC Free Zone companies, like any UAE companies, must register for corporate tax and submit annual tax returns. The tax rate is 9% or 0% (on income not exceeding 375,000 AED). Companies that meet all the requirements for “Qualifying Free Zone Persons” (QFZP) can benefit from a zero tax in the UAE regarding their “Qualifying” income. |
| Annual Renewal |
Annual expenses for the renewal of a free zone company include:
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