Benefits of Company Formation in Sharjah Publishing City Free Zone

Sharjah is the third-largest city in the United Arab Emirates, behind Dubai and Abu Dhabi. Sharjah is located around 170 kilometres from the capital Abu Dhabi and is flanked by the towns of Dubai and Ajman. 

The Sharjah Airport International Free Zone was established in 1995 to foster free commerce and industry, and it now serves as the centrepiece of the Sharjah government's commitment to free trade.

If the above introduction attracts your attention, read the blog to understand better the benefits of company formation in Sharjah Publishing City. 

Sharjah Publishing Free Zone

The first Publishing and Printing Free Zone in the world, Sharjah Publishing City Free Zone (SPC FZ), gives its investors in the sector the chance to grow in the MENA region, have improved accessibility globally, take advantage of tax-free privileges, and profit from being a fully independently owned and operated business.

The Sharjah Book Authority (SBA) was created in 2013 to address the demand for an autonomous body promoting literature, reading, and publishing in this culturally rich city. In addition, SBA supports lifelong learning, funding for knowledge-based businesses, information exchange, and translation. 

Significant cultural initiatives, like the Sharjah International Book Fair (SIBF), the Sharjah Children's Reading Festival (SCRF), the Sharjah Public Libraries, and Sharjah Publishing City, a free zone slated to become the hub for the publishing business, are currently under the management of SBA.

Why Setup Your Company in Sharjah Free Zone

The Sharjah Book Authority, which also manages the Sharjah International Book Fair, the biggest event of its type in the Middle East, runs the Sharjah Publishing City Free Zone. It is one of the top publishing events in the world, attracting more than 2.23 million visitors annually. Participating are 1,874 publishers from 77 different countries, with an average of 1.6 million titles on exhibit.

Around 80,000 new titles are added to the yearly Sharjah International Book Fair, and a two-day Publishers Conference is conducted concurrently to facilitate purchasing and selling book and publication rights. For individuals who live in the Sharjah Publishing City Free Zone, all of these translate into opportunities.

40% of the industrial activity in the United Arab Emirates is based in Sharjah, the third-largest emirate in the nation. Along with the Sharjah International Airport, it is well-served by three ports: Port Khalid, Port KhorFakkan, and the Hamriyah Free Zone Port. For those who are located in the Sharjah Publishing City Free Zone, these offer a tactical edge.

It is not wrong to state that Sharjah is a feasible to place to start your business journey. Learn more on Sharjah free zone company formation.

Benefits of Company Incorporation in Sharjah Publishing City

Entrepreneurs from all over the world are drawn to Sharjah because of its many advantages for business establishment. Among the main benefits of establishing a business in this region are:

1. A business established in a free zone won't be required to pay any taxes to the government. This covers any taxes on income, withholdings, corporations, imports, exports, or capital gains.

Sharjah is among the top 10 cities in the Gulf for doing business since it contributes 48% of the UAE's total industrial output. In addition, Sharjah's free zones offer many advantages to entice would-be entrepreneurs to locate their businesses there.

2. The Free Zones of Sharjah provides a variety of additional benefits, including the following:

ALL taxes and tariffs are waived

100% foreign ownership, total capital repatriation, and cutting-edge infrastructure

3. Sharjah is the ideal location for establishing a business due to its advantageous geographic position. In addition, Sharjah is the perfect place for offering services like manufacturing and distribution since it has cutting-edge infrastructure.

4. Companies established in the emirate of Sharjah will profit from the 66 double tax treaties the UAE has with various foreign nations. These agreements significantly reduce the taxes that an individual must pay.

5. Companies that have been incorporated in Sharjah are eligible for a number of government grants and incentives. For example, about 70% of the price of water and energy use is covered by subsidies from the government.

There are plenty of options for business incorporation. Learn more about business setup services in Sharjah.  

Our Role

Although establishing a business in a free zone may be quite advantageous for a firm, there are times when the procedure may get a bit stressful, or the owner or management may not be able to give the company formation process the required attention. In such cases, the administration ought to enlist the aid of a management consultant, who will handle every step and ensure that the incorporation procedure is error-free.

In addition to assisting you with establishing a business in the free zone, Business Setup Worldwide will also maintain track of the company's VAT and tax filing requirements. So you don't need to worry about anything when BSW is on your side. For further queries, contact us.