Welcome to the SPC Free Zone FAQ page! Here, you'll find answers to common questions about our services, including license renewals, cancellations, new business licenses, compliance, and more.
We provide instant business licenses. You can call us at 800 SPCFZ (77239) or apply through our website. Our business setup process is fully online for your convenience. Alternatively, you can visit our office – we're here to assist you 24/7.
Yes, you can establish a business in Dubai without needing a traditional physical office space, especially within free zones. SPC Free Zone offers flexible solutions like virtual offices or flexi-desk options. These provide a formal business address and fulfill licensing requirements without the overhead costs of a dedicated office, making it ideal for startups and international entrepreneurs.
Pinpointing the single most profitable business is difficult as success varies by industry, market conditions, and execution. However, sectors like real estate, tourism, international trade, technology, and e-commerce often present significant opportunities in Dubai's dynamic economy. Researching current market trends and aligning with your expertise is key to finding a profitable venture in this thriving business hub.
Yes. The UAE welcomes foreign entrepreneurs, especially in free zones like SPC Free Zone. These zones offer 100% foreign ownership and profit repatriation. A company license is required from the relevant authorities, facilitating a smooth setup. The UAE provides a favorable business environment with numerous incentives, making it a profitable destination for foreign investors. Use a business cost calculator to estimate setup expenses. Learn all about Sharjah here.
Sharjah is a cost-effective location to open your business, often featuring lower initial setup costs, office rents, and operational expenses compared to other major emirates. Free zones within Sharjah, like SPC Free Zone, are particularly known for competitive packages and flexible payment options, making it an attractive and budget-friendly choice for startups and established businesses seeking value.
Business setup in the UAE can be a great opportunity for entrepreneurs looking to expand their business in the Middle East. The cost of starting a business in the UAE can vary depending on the type of company, size of the business, and location.
In Sharjah, for example, entrepreneurs can choose to set up a company in a free zone like SPC Free Zone, which offers a number of benefits, such as 100% ownership and the ability to repatriate profits. Before you start, get a clear estimate of your business setup costs with our easy-to-use business cost calculator.
Mainland companies operate under the Department of Economic Development (DED) of the specific emirate, allowing trade directly within the entire UAE market, though traditionally often requiring a local partner. Free zone companies, like those in SPC Free Zone, are located in designated economic areas. They usually offer 100% foreign ownership and full profit repatriation but may have restrictions on trading directly within the mainland market.
SPC Free Zone provides a variety of business licenses tailored to different operational needs, primarily focusing on Trading, Service, and E-commerce activities. We support over 2,000 diverse business activities, offering entrepreneurs significant flexibility. You can often combine multiple related activities under a single license, simplifying your setup and potentially reducing costs. Contact us to explore the best fit for you.
Yes, absolutely. Establishing your business within a free zone, such as SPC Free Zone, grants you 100% foreign ownership without requiring a local Emirati sponsor. This is a major benefit attracting international entrepreneurs to UAE free zones. While recent legal updates have allowed full foreign ownership for many mainland activities too, free zones offer a dedicated structure designed specifically for this purpose.
Setting up a business in a Sharjah free zone involves several steps. After deciding that a free zone is right for you, this involves selecting a free zone, submitting an application for a license, securing office or warehouse space, obtaining necessary permits and approvals, and opening a corporate bank account. To find out how to set up your business, run through our simple business setup guide.
We provide instant business licenses. You can call us at 800 SPCFZ (77239) or apply through our website. Our business setup process is fully online for your convenience. Alternatively, you can visit our office – we're here to assist you 24/7.
Most types of businesses are allowed to set up in a Sharjah free zone, including trading, manufacturing, and services companies. However, certain types of businesses may be restricted or require additional approvals. At SPC Free Zone, you can choose from over 2000 business activities in the UAE.
Business setup in the UAE can be a great opportunity for entrepreneurs looking to expand their business in the Middle East. The cost of starting a business in the UAE can vary depending on the type of company, size of the business, and location.
In Sharjah, for example, entrepreneurs can choose to set up a company in a free zone like SPC Free Zone, which offers a number of benefits, such as 100% ownership and the ability to repatriate profits. Before you start, get a clear estimate of your business setup costs with our easy-to-use business cost calculator.
An LLC (Limited Liability Company) refers to a specific legal structure for a business, while a Free Zone is a designated economic area with its own regulations. You can establish companies, sometimes structured similarly to LLCs (like FZ-LLC), within a free zone such as SPC Free Zone, typically benefiting from 100% foreign ownership. Mainland LLCs operate across the UAE but historically often required local partnership.
SPC Free Zone offers exceptional flexibility, allowing entrepreneurs to combine multiple business activities under a single license, typically up to ten. A key benefit is the ability to select activities from different groups (like trading, service, and consultancy) on one license, which isn't always possible elsewhere. This multi-activity license simplifies setup and can significantly reduce costs for diverse business operations.
Yes, you can definitely own a UAE-registered business, whether targeting Dubai or established through SPC Free Zone in Sharjah, even if you reside abroad. Physical residency is not required for business ownership. SPC Free Zone streamlines the setup process for non-residents. Should you decide to relocate or manage operations locally later, we can assist with obtaining the necessary residency visa.
The key benefits that free zones offer are reduced bureaucratic procedures – free zones often have simplified registration procedures, allowing companies to start operations quickly and with minimal paperwork. They also offer 100% foreign ownership. In many free zones, foreign investors can own 100% of the company, without the need for a local partner or sponsor. Access to infrastructure is key as well. Free zones often offer state-of-the-art infrastructure, including advanced telecommunications, transportation, and logistics facilities.
The cost of an e-commerce license in UAE free zones starts at AED 5,750, with potential additional costs for visas and office spaces. The process involves document submission, e-channel application for entry permits, status change, and obtaining an Emirates ID. SPC Free Zone simplifies this process, offering business advisors to guide you through each step. They provide competitive license costs, rapid issuance, and comprehensive support, including visa processing and access to a wide range of business activities, ensuring a smooth setup experience.
Yes. Small businesses in the UAE are required to have a license to operate legally. The type of license needed depends on the nature of the business, the location, and the size of the company. Find out what business license your small business needs right here.
To operate an e-commerce business in the UAE, you require an e-commerce license. This license allows you to sell goods through your website or other online platforms. The UAE offers a thriving e-commerce market, boosted by high internet penetration and strong consumer demand. Benefits include 100% foreign ownership in free zones, zero personal income tax, and strategic location for global market access. SPC Free Zone offers quick license issuance, multiple visa options, and access to advanced infrastructure, making it a prime choice for e-commerce entrepreneurs.
A mainland license, issued by the Department of Economic Development (DED), allows you to conduct business directly with the local UAE market. However, it often requires a local Emirati partner. Conversely, a free zone license grants 100% foreign ownership and tax exemptions. Your choice depends on your business activities and target market. If your focus is on both local trade and import/export or international trade, a free zone license offers significant advantages. Find out how to start your business here.
The UAE offers several distinct license types, each catering to different business needs. The most common are commercial, professional, and industrial. A commercial license permits trading of goods, while a professional license covers service-based activities. An industrial license is for manufacturing of products. Ownership structures also vary; mainland licenses typically involve a local partner, whereas free zone licenses, like those from SPC Free Zone, allow 100% foreign ownership. Understanding these differences is crucial for selecting the right license that aligns with your business model and objectives.
Business setup packages start from approx. AED 5,750 at SPC Free Zone to help you set up your free zone company in Sharjah. The total business setup cost will vary depending on the scale of your business. Find out your total business setup cost before you begin.
Business setup in the UAE can be a great opportunity for entrepreneurs looking to expand their business in the Middle East. The cost of starting a business in the UAE can vary depending on the type of company, size of the business, and location.
In Sharjah, for example, entrepreneurs can choose to set up a company in Sharjah free zone like the SPC Free Zone, which offers a number of benefits, such as 100% ownership and the ability to repatriate profits. They also offer a number of business setup packages that start from as low as approx AED 5,750, depending on the type of business and business activities you opt for.
A business cost calculator may vary depending on the industry, location, operations, and other specific requirements of the business. The calculator aims to estimate the major costs associated with setting up a business, helping you plan and budget effectively. Enter the required details into the business cost calculator that includes your business activities, location (free zone or mainland), number of employees, and other information. Select the type of license required for your business activity, as well as the number of visas needed for employees or partners. Your startup cost may include additional costs such as space rental, dependent visas, and other legal and support services.
A typical free zone business setup involves costs for the trade license, visa fees, office space (if required), and registration fees. SPC Free Zone gives you rates and packages designed to minimise your initial investment. We can provide a detailed breakdown of each expense, including license fees, visa processing, and any additional services you may require. Our goal is to streamline the setup process and help you manage your finances efficiently.
Yes, SPC Free Zone offers flexible payment options to accommodate various budgets. You can scale your business as needed with our pay-as-you-go model. Simply pay the cost of the business license to get the process started, You can pay for all other inclusions in the future at your convenience and based on your business needs without any additional amendment fees. Along with that, we have partnerships with leading banks across the UAE so you can break your payments down.
The UAE offers several residency visa options for business owners, primarily linked to your business license and investment. Investor visas are common for those investing capital, while employment visas are for those working within their own or another company. The specific type depends on your business structure and activities. For streamlined processing and tailored advice, SPC Free Zone can guide you through the available options.
When you sign up with SPC Free Zone, we give you access to unlimited visas for investors, partners, and employees.
Essential documents typically include a valid passport, passport-size photographs, your business license, medical fitness certificate, and Emirates ID application. Depending on your business activity and visa type, additional documents like educational certificates or proof of investment may be required. Ensuring all paperwork is accurate and complete is vital for a smooth application. SPC Free Zone offers comprehensive document preparation assistance.
The residency visa process can vary, typically taking 5-10 working days, depending on factors such as immigration regulations based on nationality, medical test clearance, and other requirements.
The cost for a free zone visa in the UAE varies based on several factors, including the visa type (e.g., investor, employee), duration, required medical tests, and Emirates ID processing. Visa allocation costs approximately AED 1,600 per visa. For precise, up-to-date pricing tailored to your needs through SPC Free Zone, please consult with our advisors.
Yes, you can sponsor your spouse and children for UAE residency. Requirements include a valid residency visa, minimum salary thresholds, and attested marriage and birth certificates. The process involves submitting these documents to the relevant authorities. SPC Free Zone simplifies family sponsorship, providing guidance on necessary documentation and compliance.
A corporate bank account is essential for operating your business legally and professionally in the UAE. It allows you to securely receive and send payments from clients and vendors, manage payroll and other business expenses, establish a positive financial history for your company, and build credibility and trust with potential partners and investors.
To open a UAE corporate bank account, you'll generally need original company incorporation documents, your passport, Emirates ID, stamped bank statements (6-12 months), tenancy contract, utility bill, updated CV, business plan with client list, and company stamp. SPC Free Zone assists in ensuring all documents are complete and compliant, streamlining the process.
With SPC Free Zone, you can have your corporate bank account set up in 3 working days after obtaining your instant business license. We streamline the process, minimising delays and allowing you to start transacting quickly.
Yes, SPC Free Zone provides comprehensive corporate bank account opening assistance. Get your corporate banking account opened in 3 working days. Partner with leading banks in the UAE to streamline the process for our clients. Our team guides you through documentation requirements, helps prepare your application, and facilitates introductions with suitable banking partners, aiming to ensure a smoother and more efficient experience for your business setup.
To open a corporate bank account with SPC Free Zone, log into the customer portal, settle payment, and submit your request with required documents. You'll then meet with a bank representative, sign and submit necessary paperwork, and receive confirmation of your account opening. SPC Free Zone streamlines this process for quick setup, taking 3 business days and costing approximately AED 2000.
Yes, your physical presence is required at certain stages, such as meeting with the bank representative to sign the necessary documents.
Businesses must comply with applicable laws on anti-money laundering (AML), counter-terrorism financing (CTF), and proliferation financing. This includes maintaining accurate financial records, conducting due diligence on clients and partners, and reporting any suspicious transactions to the relevant authorities.
Renewing your license is quick and hassle-free. Simply visit your customer portal, log in with your details, and submit the required documents. Once the renewal payment is made, our team will process it promptly. If you need any assistance, feel free to reach out to us at [email protected] – we're happy to help!
Failing to renew your business license on time in the UAE can lead to significant penalties, including fines and potential suspension of your business activities. Continued non-compliance may result in legal action and the eventual cancellation of your license. To avoid disruptions, it's crucial to adhere to renewal deadlines.
Businesses in the UAE must comply with the federal tax regulations, including the 9% corporate tax on taxable profits exceeding AED 375,000, and the 5% Value Added Tax (VAT) on most goods and services. Proper VAT registration, accurate record-keeping, and timely submission of VAT returns are essential.
Free zone companies are not automatically exempt from the UAE's Corporate Tax. However, businesses registered in free zones that meet the criteria of a "Qualifying Free Zone Person" can benefit from a 0% tax rate on their "Qualifying Income." Income that doesn't qualify is subject to the standard 9% rate. Businesses in the UAE must comply with the federal tax regulations, including the 9% corporate tax on taxable profits exceeding AED 375,000, and the 5% Value Added Tax (VAT) on most goods and services.
Employing staff in the UAE requires adherence to labor laws, including providing employment contracts, ensuring timely payment of salaries, and complying with visa and work permit regulations. Businesses must also contribute to employee benefits like medical insurance and end-of-service gratuity. SPC Free Zone assists with navigating these requirements, ensuring your employment practices are compliant and your employees are protected.
The UAE Golden Visa is available to non-UAE nationals who possess a valid passport and maintain a clean criminal record. Generally, applicants must meet the unique criteria defined for their chosen field, such as investment, specialised talent, or exceptional students.
The Dubai Golden Visa cost in the UAE varies significantly based on the visa category. Investment-based visas like real estate or public investment require approx. AED 2 million or AED 5 million respectively. Visas for specialised talents, entrepreneurs, and scientists typically cost approx. AED 500,000, while those for skilled professionals are approx. AED 250,000. Other categories like students, humanitarian pioneers, doctors, nurses, and exceptional coders generally cost approx. AED 100,000, with educators falling between approx. AED 10,000 and AED 15,000.
The processing time for Golden Visa UAE varies depending on the category of visa you are applying for. However, the general processing time is 3-6 months.
This depends on your individual circumstances and goals. Golden Visas typically offer a number of benefits, such as the ability to live, work, and study in the UAE without any restrictions. Eligibility matters too. If you are planning to stay in the country long-term, a Golden Visa is a good investment.
Unrestricted living, working, and studying within the UAE. Holders can sponsor dependents, travel freely, and own property. Business ownership and access to world-class healthcare and education are also key benefits, contributing to a high standard of living. Specific advantages may vary by visa category.
The primary salary requirement for the UAE Golden Visa pertains to the 'Skilled Professionals' category. To be eligible under this specific pathway, applicants generally need to have a valid employment contract in the UAE and earn a minimum monthly salary of AED 30,000. Other categories like investors or entrepreneurs have different criteria not based on salary.
Whether obtaining a Golden Visa is perceived as "hard" depends on meeting the specific eligibility criteria for one of the designated categories (e.g., investor, skilled professional, exceptional talent). If you clearly fulfill the requirements, like the minimum investment or salary threshold, and submit the correct documentation, the application process itself is designed to be relatively straightforward for qualified individuals.
The Golden Visa is a comprehensive long-term residency scheme (5 or 10 years) available to various categories, including investors, skilled professionals, and exceptional talents. An "Investor Visa" commonly refers specifically to the Golden Visa pathway granted based on meeting significant investment criteria (e.g., in real estate or businesses). Essentially, the prominent long-term Investor Visa is now a category within the broader Golden Visa program.
SPC Finance has premium finance services that cater to businesses of all sizes across various industries in the UAE. Whether you are a startup, SME, or large corporation, our services such as tax consultation, VAT registration, audits, and bookkeeping are designed to ensure financial compliance and accuracy. Our services include corporate tax advisory, registration, return filing, bookkeeping in Excel (for up to 2 transactions per month), and annual management accounts preparation.
Through our Dedicated Account Manager service, an entrepreneur at SPC Free Zone is eligible to access a dedicated Relationship Manager (RM) who provides you comprehensive support throughout the year for your business. From streamlining your business setup process to guiding you through the submission of applications via the SPC Free Zone portal, your Relationship Manager is your right-hand guide. This service costs AED 3,000 per year for up to 3 stakeholders with AED 1,000 per year for each additional stakeholder.
It includes introduction to your banking provider, documentation assistance, follow-up with bank account opening, and addressing any other banking-related requests.
Yes, we do. Get specialised support for visas for your spouse, children, or parents through SPC Plus, with support from documentation to visa procurement. Get your dependent visa within 7-9 working days.
Our experienced professionals understand the local laws and regulations, which helps navigate the complex documentation process efficiently, saving you time and effort.
If you have any further questions, feel free to contact our support team at 800SPCFZ. Our experts are here to assist you every step of the way!
Phone: 800 SPCFZ (77239)
Email: [email protected]
Website: https://www.spcfz.ae/
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