The UAE is home to more than 40 free zones, each catering to a specific business sector or industry. Sharjah Publishing City is a free zone that holds the reputation of being the only UAE free zone that serves the interests of the publishing industry. Foreign investors are interested in the process of business setup in Sharjah Publishing City due to the straightforward incorporation process, cost-effective company formation packages, strategic location and availability of a wide range of activities.
Sharjah Publishing City Free Zone is being regulated and managed by the Sharjah Book Authority (SBA). Even though the primary focus falls on the publishing industry, the environment of business setup in Sharjah Publishing City is also conducive for other sectors such as media, e-commerce, professional services and trading. The free zone has a robust infrastructure and sophisticated facilities suitable for both big and small businesses. Moreover, the corporation process can be navigated with the help of business setup consultants in Sharjah. Read ahead to know further about company formation in Sharjah Publishing City Free Zone.
Types of Licenses in Sharjah Publishing City Free Zone
The process of business setup in Sharjah Publishing City starts with choosing the right license. Every license is created around specific business activities and sectors. Investors need to be vigilant while choosing a trade license in Sharjah Publishing City as selecting the wrong license may affect the business adversely. Business set up consultants in UAE can help the investors choose the right trade license. Sharjah Publishing City issues four types of trade licenses. They are:
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Obtaining an e-commerce license in Sharjah Publishing City allows entrepreneurs to trade goods or services through online platforms. Investors holding an e-commerce license can trade goods & services online both locally and internationally. Since free zone companies are not allowed to conduct direct trade on the mainland, the business owners can sell goods through distributors. Seek the advice of business setup consultants in Sharjah to know more about the activities under an e-commerce license.
Sharjah Publishing City issues a service license that allows the license holders to sell services to potential customers. Obtaining a service license is the best way to perform business activities without any tangible assets. Major activities covered by a service license in Sharjah Publishing City include consultancy, project management, investment management services etc. Company set up consultants in Sharjah can help the entrepreneurs obtain a service license without any hassle.
A commercial license is mandatory for investors to trade goods in the UAE. A commercial license allows the entrepreneurs to import & sell goods in the UAE and export and sell goods outside the UAE. It also allows the license holders to ascertain and trade the goods solely within the UAE. With a commercial license, business owners can trade any type of goods.
General Trading License
Getting a general trading license in Sharjah Publishing City is required for trading multiple goods. Both specific goods and general goods can be traded using a general trading license issued by Sharjah Publishing City. Unlike a commercial license, the goods being traded need not be related under a general trading license. Moreover, business owners can trade almost any type of goods by obtaining a general trading license in Sharjah Publishing City.
Types of Companies Permitted in Sharjah Publishing City
Investors should select a legal structure before applying for a trade license in Sharjah Publishing City. The legal structure is determined based on the number of shareholders in the proposed company. The following legal structures are permitted for Sharjah Publishing City:
1. Free Zone Establishment
A Free Zone Establishment (FZE) is a single shareholder Limited Liability Company (LLC). Both individuals and corporate entities are allowed to set up FZEs in Sharjah publishing City Free Zone. Business set up consultants in Sharjah can assist the investors in setting up an FZE.
2. Free Zone Company
A Free Zone Company (FZC) is an LLC that can be formed with multiple shareholders. Up to seven shareholders are allowed in an FZC in Sharjah Publishing City. The shareholders can be both individuals and corporate entities.
3. Branch of Existing Companies
Companies can set up their branch offices in Sharjah Publishing City. The free zone allows both local and foreign companies to set up their branch offices in Sharjah Publishing City. Consult with business setup consultants in Sharjah to set up branches without any trouble.
Business Facilities in Sharjah Publishing City
Robust infrastructure and modern facilities are paramount to business success in the UAE. Sharjah Publishing City provides the investors with state-of-the-art facilities to help them run their businesses efficiently. Sharjah Publishing City provides the following facilities:
- Co-working spaces
- Office spaces
- Retail/shell & core spaces
- Warehouse spaces
- Storage spaces
Benefits of Setting up a Business in Sharjah Publishing City
Sharjah Publishing City offers a competitive, flexible and convenient option to set up a variety of businesses in the UAE. By opening a company in Sharjah Publishing City, the foreign investors can avail of the following benefits:
- Strategic location at Sheikh Mohammed Bin Zayed Road in Sharjah
- 100% foreign ownership
- Availability of over 1,500 activities with the freedom to combine activities
- Up to 10 Years trade license duration option
- Zero paid-up share capital
- Easy to open a corporate bank account
- Flexibility on visa quota
- Free zone provides immigration services
- Easy connectivity to Sharjah International Airport & Dubai International Airport
- Office facilities open round the clock
Dual License in Sharjah Publishing City
Companies incorporated within a free zone are not allowed to conduct business activities in the UAE mainland. Free zone companies can only do business within the free zone or internationally. However, Sharjah Publishing City issues a Dual License which allows the companies to trade in the mainland from their free zone offices. By obtaining a Dual License in Sharjah Publishing City, the investors can have customers in the mainland without renting additional office spaces. Business setup advisers in Sharjah can help the investors obtain a Dual License.
Process of Business Setup in Sharjah Publishing City
The process of business setup in Sharjah Publishing City is straightforward and can be completed in a matter of a few days. Investors need to execute the following steps to complete the process:
- Select the activities
- Choose the legal structure
- Select the facilities
- Submit the application and documents
- Trade license issued
- Issuance of immigration & e-channel application
- Issuance of entry permit, change of status, medical fitness, and Emirates ID application completed
- Stamping of Residence Visa
Compliance Requirements in Sharjah Publishing City
Companies incorporated in Sharjah Publishing City need to comply with regulations such as Economic Substance Regulations (ESR), Ultimate Beneficial Ownership (UBO) and Anti-Money Laundering & Combatting Financing of Terrorism (AML-CFT). Failing to comply with each regulation will lead to hefty penalties and reputation damage. These regulations are also applicable to companies undergoing liquidation in Sharjah Publishing City. However, business setup consultants in Sharjah can help the companies avoid the penalties by ensuring compliance.
Choose the Best Business Setup Services in Sharjah, UAE
The process of business setup in Sharjah Publishing City is flexible and straightforward. The easy incorporation process prompts many entrepreneurs to execute it alone. Setting up a company in the UAE alone is a risky process as new investors may commit many errors and incur penalties. Instead of going solo for the incorporation process, entrepreneurs can seek advice from business setup consultants in Sharjah such as Jitendra Business consultants (JBC).
JBC is the leading provider of bespoke business setup services in Sharjah and the UAE. We help the investors to apply for a trade license in UAE without any error and noncompliance. JBC’s highly qualified company formation experts can help the entrepreneurs with tasks such as elevation of activities, document drafting, applying for residence visas, sponsoring dependents, bank account opening etc. Our business setup services in the UAE also cover compliance requirements such as ESR, UBO, AML-CFT etc. Contact us today to start a business in the UAE without any hassle.