A total of 2,000 new companies from 106 countries registered with the Sharjah Publishing City Free Zone (SPC Free Zone) in 2021.
The Free Zone said in a statement that most of these companies were from the UK, India, Pakistan, the Philippines, and Lebanon.
Stakeholders in the education and publishing sectors, and creative sector players such as translation agencies and linguistic editing offices, have leveraged SPC Free Zone’s nurturing and supportive environment and advanced infrastructure to conduct business and expand operations in the region in 2021, the statement said.
Covering an area of 40,000 square meters, SPC provides 600 furnished offices for publishing entrepreneurs and 6,000 square meters of space for investors planning to create their own spaces.
It also houses more than 20 conference rooms, stores, service facilities, and a public administration branch of the Federal Authority for Identity and Citizenship to speed up investor visa processing.
Open round the clock, SPC Free Zone offers investors a wide range of benefits, including 100 percent foreign ownership for all nationalities, 100 percent repatriation of capital, 100 percent exemption from personal income tax, corporate tax, import and export tax, as well as access to all other services at cost-effective rates, including manpower, energy, living, printing, and logistics.
In 2021, SPC Free Zone signed a Memorandum of Understanding (MoU) with Mashreq Bank to offer priority access to various financial and banking services to investors and entrepreneurs in different market sectors.