Leveraging Sharjah's strategic location and business-friendly climate, Sharjah Publishing City Free Zone (SPCFZ) has a key function in getting publishing companies, schooling providers and allied companies from around the world to the Emirate, facilitating the entry and growth of industry players into the Mena region.
100 new enterprises from 23 countries have chosen SPC Free Zone as their headquarters in the region this year despite the difficult economic year due to the Covid-19 pandemic.
This year, it is companies from India that topped the list of the 28 enterprises registered at SPC Free Zone. Companies that specialize in the publishing sector created the lion's allocation of the new entrants. The rest of the new entrants are drawn from the creative enterprises, commercial consulting, law, and other organizational sectors.
A competitive business atmosphere
SPC Free Zone's promising investment surroundings offer numerous cost-effective propositions to investors and entrepreneurs from all around the globe, including support in obtaining approvals and the problem of visas.
SPC Free Zone came along to support publishing companies to overcome the backlash of the Covid-19 pandemic with an inclusive business stimulus package. Taking directiveness from the officials, SPC Free Zone had proposed discounts of up to 35 per cent in the permit, rental and administration to businesses as a component of the SPC Free Zone incentive package.
Apart from the deals on leasing and commercial licensing fees, SPC Free Zone also proposed relief packages to ease the hurdle on existing clients with the exemption of leasing expenses apart from the rescheduling of payments. SPC Free Zone was founded in 2017 as the world's first printing and publishing free zone of providing the book and larger creative industries as well as allied businesses the chance to capitalize on an array of benefits arising from working within a free zone atmosphere, including a strategic location at the middle of the globe with all the benefits of being able to help the MENA, African and Asian region's markets.
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