For high-net-worth individuals, Dubai is the ideal place to engage in lucrative business opportunities that protect and enhance their investments. Backed by safety and appealing immigration laws, it is no wonder why Dubai continues to attract the super-wealthy from across the world.
Just one look at the expatriate population will allow you to understand that expats make up a sizable chunk of the population in the UAE. The influx of expats is supported by favored visa programs such as the 5-year Green Visa and the 10-year Golden Visa. These opportunities allow expats to sponsor their residency permits on their own and enjoy zero income tax. So, when you add up tax exemptions, an economy that continues to grow, political stability, and business setup processes that are unbelievably fast, the UAE truly is the ultimate destination for foreign investors.
So is it possible to start a business in the UAE as an expat in just under an hour? Sharjah Publishing City Free Zone (SPC Free Zone) answers this question with a resounding yes. This special free zone provides you with the opportunity to kickstart your new business in 45 minutes with a vast selection of over 1,500 business activities.
Read on to find out more about how you can launch your business with great efficiency, all thanks to the services offered by SPC Free Zone.
THE UAE’S ONE-HOUR BUSINESS SETUP INITIATIVE
Given the enabling environment present for entrepreneurs in the UAE, the one-hour business setup initiative has been designed to help you save an all-important commodity, time. The Sharjah Publishing City Free Zone’s (SPC Free Zone) groundbreaking facility to get your business license in 45 minutes steers well clear from hassles and delays.
Eligibility and Criteria
SPC Free Zone allows a wide range of entrepreneurs to utilize this program, from small businesses to large multinational corporations.
For just AED 14,500 ($3,950), new entrants can secure their 45-minute business license and engage in up to three activities from a selection of 1,500 business options within the SPC Free Zone.
Benefits and Advantages
This all-encompassing package offered by SPC Free Zone covers essential document processing such as:
Memorandum of Association
Lease agreements
Share certificates
Certificates of Formation
Business activity certificates
Further processes such as E-channel registration, establishment card issuance, and UAE residency may be granted in an additional five days.
SPC Free Zone also provides business owners with support services. From corporate banking assistance to office spaces, this free zone has it all.
When considering the location of SPC Free Zone, your business will have quick access to seaports, backed by Sharjah’s pro-investor legal and regulatory framework.
AN OVERVIEW OF THE SETUP PACKAGES OFFERED BY SPC FREE ZONE
SPC Free Zone offers a range of setup packages to meet the needs of your business in the UAE. They are listed below:
Publishing Package
- Designed for businesses in the publishing, printing, media, and related sectors
- Offers support and resources to help these industries thrive
Standard Package
- Caters to a broad spectrum of business activities
- Provides flexibility and essential services
Entrepreneur Package
- Ideal for those taking their first steps in the world of business
- Offers cost-effective solutions.
These packages can be customized depending on your specific needs about your business activities. Additional visa services mean that you may choose the best one for your needs.
SetHub also goes the extra mile to support business owners with a comprehensive array of optional services, including:
- Visa and Immigration Services
- Corporate Banking Assistance
- Custom Code Services
- Virtual Office Solutions
- Business Facilities
STEP-BY-STEP GUIDE TO ONE-HOUR BUSINESS REGISTRATION AT SPC FREE ZONE
- Preparing Documentation – Before you get started with your one-hour business registration in the UAE’s Sharjah Publishing City (SPC) free zone, make sure you have all the necessary documents in order.
- Choose Your Business Activity – Decide on the type of business activity you intend to do from the diverse selection of over 1,500 activities offered by the SPC free zone.
- Select Your Company Structure – Determine whether you want to establish a free zone establishment (FZE), a free zone company (FZC-LLC), or a branch of an existing company based on your ownership preferences.
- Determine the Number of Visas – Specify the number of visas required for shareholders, employees, and family members.
- Select a Company Name – Choose a unique company name that adheres to SPC Free Zone’s naming conventions.
- Submit the Application – Complete the application process by submitting the required documents, which typically include passport copies, Emirates IDs, and visas of shareholders and managers.
- Online Application Process – With your documentation prepared, the next step is to move on to the online application procedure. SPC Free Zone offers an efficient online platform where you can submit your application, ensuring a seamless and convenient process.
- Verification and Approval – Once your application is submitted, the SPC Free Zone authorities may request additional documents or information if needed.
- Receiving Business License – You’ll receive your business license within 45 minutes. This marks the beginning of your entrepreneurial journey.
In Conclusion
The UAE’s innovative one-hour business setup initiative, offered by SPC Free Zone, represents an opportunity for expatriates and entrepreneurs seeking to establish their businesses in this region. SetHub invites expatriates and aspiring entrepreneurs to explore this swift path to entrepreneurship in the UAE. If you need assistance, contact us at Sethub, and we’ll be there to help you.
