Free Zone

Business Setup in SPC Free Zone: All you need to Know

Business Setup in SPC Free Zone

The UAE is a global magnet for investors due to multiple factors. Its highly strategic location at the crossroads of Europe, Asia, and Africa presents significant advantages for businesses seeking global connectivity and trade opportunities.

Investors and entrepreneurs all over the world come to the UAE to take the opportunities provided by the numerous free zones in the UAE. One such free zone that provides a lot of benefits to entrepreneurs looking to business setup in SPC free.

Business setup in SPC free zone is quick and easy, making the transition of investors and entrepreneurs to the UAE smooth for everyone involved.

Sharjah Publishing City, famously known as SPC Free Zone, is one of the most popular free zones in the Emirate of Sharjah. This is because of its popularity that can be attributed to all the benefits provided by the free zone’s authorities.

In addition to this, a business setup in SPC Free Zone is the best choice for foreigners as it assists them in the visa process. That is what we are going to look into today.

What is SPC Free Zone?

SPC Free Zone is one of the latest free zones in the UAE, situated in the emirate of Sharjah. With its central location, it offers excellent connectivity to the surrounding region and the rest of the world, being only one hour away from Dubai.

Sharjah Publishing City Free Zone, a subsidiary of Sharjah Book Authority, stands out as the preferred choice for entrepreneurs and investors seeking to establish their businesses in the UAE. With our commitment to simplicity, efficiency, and rapid processes, we provide a seamless business setup experience. Offering a wide range of benefits, including over 1,500 business activities and state-of-the-art facilities, we create an environment that promotes convenience and flexibility. As an ideal platform for business setup, we empower entrepreneurs to unlock their potential and thrive in the dynamic UAE market.

SPC Free Zone takes pride in its efficient and swift business setup services. It fosters an open environment that welcomes businesses from over 1,500 activities. The free zone offers four primary license types:

E-Commerce:

Ecommerce license enables holders to sell goods and services internationally through online platforms and marketplaces.

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Service:

Designed for entrepreneurs and businesses that provide intangible services such as consultancy or project management, rather than dealing with tangible assets.

Commercial:

Commercial license allows businesses to trade in goods and certain commercial services. Goods can be imported and sold within the UAE or exported to international markets.

General Trading:

General Trading license permits the trading of various unrelated goods within the UAE and internationally. It provides flexibility for businesses engaged in diverse trading activities.

What are the Process of Business Setup in SPC Free Zone?

The process of setting up a business in SPC Free Zone involves several steps. Here is a general outline of the business setup process in SPC Free Zone

1. Apply for Trade License

The first step is to obtain a trade license that will allow the business activities you want to perform in the UAE. Once you have obtained the business trade license, you can apply for a visa to move to the UAE and run your business here.

2. Immigration Card & E-channel

The government has introduced the E-Channel registration service in the UAE. With this process, you can easily complete the visa process through the internet without going through the hassle of tedious paperwork.

3. Entry Permit, Change of Status

After you have completed the registration for the E-Channel services, you need to obtain the entry permit to the UAE. After obtaining the entry permit, you need to complete a status adjustment that will allow you to use the entry permit to come to the UAE temporarily to acquire a permanent residence permit.

4. Medical Fitness Test

After coming to the UAE with the entry permit, you need to complete a medical test that will ensure that you do not have any contagious disease that might put others at risk. After the medical test is complete, you can obtain your Emirates ID.

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    5. Visa Stamping

    The last step is to get your visa stamped at the Immigration Office in the UAE. Once you get your residence visa stamped, you can live, work and run your business in SPC Free Zone.

    Cost of Starting a Business in SPC Free Zone

    The cost of starting a business in SPC Free Zone depends on various factors, including the type of license, visa requirements, and the type of facility you choose. Here is a general overview of the cost ranges for different license packages and facilities in SPC Free Zone:

    1. License Packages with Coworking Facilities:
    • Without visa: AED 5,000 to AED 6,000 (per year)
    • With one visa: AED 9,000 to AED 10,000 (per year)

    Discounts are available for upfront payment on multi-year licenses, such as -15% for a two-year license and -40% for a ten-year license.

    1. License Packages with Dedicated Office Space:
    • Depending on visa requirements: AED 6,000 to AED 10,000 (per year)
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    For dedicated office spaces:

    • Unfurnished offices: Starting from AED 16,660 (per year)
    • Furnished offices: Ranging from AED 18,700 to AED 33,000 (per year)
    1. Larger Premises:
    • Retail shell and core spaces: Ranging from AED 25,440 to AED 396,000 (per year)
    • Warehousing: Starting at AED 11,250 and ranging up to AED 33,600 (per year)

    It’s important to note that these cost ranges are approximate and can vary based on the specific requirements, size of the facility, location, and other factors. Additionally, there may be additional costs involved, such as visa fees, utility charges, and other operational expenses.

    Types of Company Structure Available in SPC Free Zone

    The company structure of your business is the factor that determines the rules and regulations your business needs to abide by when performing its business activities in SPC Free Zone. There are three types of company structures you can choose from when starting or set up  a business in SPC Free Zone.

    Here are the company structures available in SPC Free Zone:

    1. Free Zone Establishment

    Free Zone Establishment is for businesses that are going to be owned by a single shareholder. This company structure has similar characteristics to a Sole Proprietorship.

    2. Free Zone Company

    Free Zone Company is for businesses that are going to have multiple shareholders in their business. A Free Zone Company in SPC Free Zone can have up to a maximum of seven shareholders in their company.

    3. Branch of a Company

    The branch of a Company is for businesses that already exist in other countries or in the UAE. These companies can open a local or international branch in SPC Free Zone as a branch of their company.

    Activities in SPC Free Zone

    SPC Free Zone offers a wide range of activities for businesses across various sectors. Here are some of the activities permitted within SPC Free Zone:

    • Camping grounds, recreational vehicle parks and trailer parks
    • Courier activities
    • Educational support activities
    • Food and beverage service activities
    • Manufacture of basic precious and other non-ferrous metals
    • Manufacture of jewellery, bijouterie and related articles
    • Motion picture, video and television programme activities
    • Passenger land transport activities
    • Personal service activities
    • Publishing of books, periodicals and other publishing activities
    • Repair of transport equipment, except motor vehicles
    • Restaurants and mobile food service activities
    • Retail sale of books, newspapers and stationery in specialised stores
    • Retail trade not in stores, stalls or markets
    • Software publishing
    • Sound recording and music publishing activities
    • Support activities for transportation
    • Transport via pipeline
    • Warehousing and storage
    • Wholesale of food and beverages
    Why SPC Free Zone is the Perfect Launchpad for Your Entrepreneurial Journey?

    Starting your entrepreneurial journey with SPC Free Zone offers several compelling advantages. Here are some reasons why SPC Free Zone is an attractive choice for entrepreneurs:

    • 100% foreign ownership
    • Zero Paid Up share Capital
    • Zero Income or Corporate Tax
    • Lease Agreement with every business license
    • Immigration Services on site
    • Instant License in 45 Minutes
    • Combine up to 5 activity
    • One license can sponsor 100 visas
    • UAE Residency in 5 days
    How can Company Setup Consultants help you?

    If you want to start a business in Sharjah Publishing City Free Zone but you do not know where to get started, then you are in the right place.

    This is because Company Setup Consultants have the necessary expertise and connections required to get your business off the ground in fashion. Contact us today and hit the ground running.

    To Speak with our Experienced Business Consultants for further information and assistance, call us at +971582595164. Send a WhatsApp Message for Chat Query on +971 582595164 or email us at info@companysetup.ae.

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