Article: 3650
Manufacturing Company SetupManufacture of General-Purpose Machinery
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This company can engage in the manufacture of general-purpose machinery, including engines and turbines (except for aircraft, automotive cycle engines), internal combustion piston engines (marine, railway engines), and parts thereof such as pistons, piston rings, carburetors, inlet and exhaust valves, turbines (steam, hydraulic, wind, gas), boiler-turbine sets, turbine-generator sets, and related equipment, hydraulic and pneumatic components (pumps, motors, valves), air preparation equipment, and complete fluid power systems, along with hydraulic transmission equipment. The activity can also include producing other pumps, compressors, and valves, including air or vacuum pumps, gas compressors, and liquid pumps, as well as manufacturing bearings, gears, gearing, driving elements, and transmission equipment, including shafts, cranks, bearing housings, gears, gear boxes, flywheels, clutches, and shaft couplings, office machinery and equipment, such as calculating machines, cash registers, calculators, postal meters, typewriters, office-type binding equipment, and more, alongside power-driven hand tools and other general-purpose machinery, which includes industrial refrigeration components, air-conditioning machines, non-domestic fans, and a variety of machinery for filtering, projecting, packing, and wrapping.
The following group of business activity has been selected for the SPCFZ company setup:
Manufacture of general-purpose machinery (Group 281):
- 2810.00 - Manufacture of general-purpose machinery;
- 2811.00 - Manufacture of engines and turbines, except aircraft, engines cycle and vehicle;
- 2811.01 - Manufacture of internal combustion piston engines, except motor vehicle, aircraft and cycle propulsion engines:
- Marine engines;
- Railway engines.
- 2811.02 - Manufacture of pistons, piston rings, carburetors and such for all internal combustion engines, diesel engines etc.;
- 2811.03 - Manufacture of inlet and exhaust valves of internal engines combustion;
- 2811.04 - Manufacture of turbines and parts thereof:
- Steam turbines and other vapour turbines;
- Hydraulic turbines, waterwheels and regulators thereof;
- Wind turbines;
- Gas turbines, except turbojets or turbo propellers for aircraft propulsion.
- 2811.05 - Manufacture of boiler-turbine sets;
- 2811.06 - Manufacture of turbine-generator sets;
- 2812.00 - Manufacture of fluid power equipment;
- 2812.01 - Manufacture of hydraulic and pneumatic components (including hydraulic pumps, hydraulic motors, hydraulic and pneumatic cylinders, hydraulic and pneumatic valves, hydraulic and pneumatic hose and fittings);
- 2812.02 - Manufacture of air preparation equipment for use in pneumatic systems;
- 2812.03 - Manufacture of fluid power systems;
- 2812.04 - Manufacture of hydraulic transmission equipment;
- 2813.00 - Manufacture of other pumps, compressors, taps and valves;
- 2813.01 - Manufacture of air or vacuum pumps, air or other gas compressors;
- 2813.02 - Manufacture of pumps for liquids whether or not fitted with measuring a device;
- 2814.00 - Manufacture of bearings, gears, gearing and driving elements;
- 2814.01 - Manufacture of ball and roller bearings and parts thereof;
- 2814.02 - Manufacture of mechanical power transmission equipment:
- Transmission shafts and cranks: camshafts, crankshafts, cranks etc.;
- Bearing housings and plain shaft bearings.
- 2814.03 - Manufacture of gears, gearing and gear boxes and other speed changer;
- 2814.04 - Manufacture of flywheels and pulleys;
- 2814.05 - Manufacture of clutches and shaft couplings;
- 2814.06 - Manufacture of articulated link chain;
- 2814.07 - Manufacture of power transmission chain;
- 2817.00 - Manufacture of office machinery and equipment (except computers and peripheral equipment);
- 2817.01 - Manufacture of calculating machines;
- 2817.02 - Manufacture of adding machines, cash registers;
- 2817.03 - Manufacture of calculators, electronic or not;
- 2817.04 - Manufacture of postage meters, mail handling machines (envelope stuffing, sealing and addressing machinery; opening, sorting, scanning), collating machinery;
- 2817.05 - Manufacture of typewriters;
- 2817.06 - Manufacture of stenography machines;
- 2817.07 - Manufacture of office-type binding equipment (i.e. plastic or tape binding);
- 2817.08 - Manufacture of cheque writing machines;
- 2817.09 - Manufacture of coin counting and coin wrapping machinery;
- 2817.10 - Manufacture of pencil sharpeners;
- 2817.11 - Manufacture of staplers and staple removers;
- 2817.12 - Manufacture of voting machines;
- 2817.13 - Manufacture of tape dispensers;
- 2817.15 - Manufacture of cash registers, mechanically operated;
- 2817.16 - Manufacture of photocopy machines;
- 2817.17 - Manufacture of toner cartridges;
- 2817.18 - Manufacture of blackboards; white boards and marker boards;
- 2817.19 - Manufacture of dictating machines;
- 2818.00 - Manufacture of power-driven hand tools;
- 2818.01 - Manufacture of hand tools, with self-contained electric or non-electric motor or pneumatic drive;
- 2819.00 - Manufacture of other general-purpose machinery;
- 2819.01 - Manufacture of industrial refrigerating or freezing components major of assemblies including equipment;
- 2819.02 - Manufacture of air-conditioning machines, including for motor vehicles;
- 2819.03 - Manufacture of non-domestic fans;
- 2819.04 - Manufacture of weighing machinery (other than sensitive laboratory balances);
- 2819.05 - Manufacture of filtering or purifying machinery and liquids for apparatus;
- 2819.06 - Manufacture of equipment for projecting, dispersing: powders or spraying liquids;
- 2819.07 - Manufacture of packing and wrapping machinery;
- 2819.09 - Manufacture of distilling or rectifying plant for petroleum refineries, chemical industries, beverage industries etc.;
- 2819.10 - Manufacture of heat exchangers;
- 2819.11 - Manufacture of machinery for liquefying air or gas;
- 2819.12 - Manufacture of gas generators;
- 2819.13 - Manufacture of calendering or other rolling machines and cylinders thereof (except for metal and glass);
- 2819.14 - Manufacture of centrifuges (except cream separators and clothes dryers);
- 2819.15 - Manufacture of gaskets and similar joints made of a material same the of layers or combination of materials;
- 2819.16 - Manufacture of automatic goods vending machines;
- 2819.17 - Manufacture of parts used for general-purpose machinery;
- 2819.18 - Manufacture of attic ventilation fans (gable fans, roof ventilators, etc.);
- 2819.19 - Manufacture of levels, tape measures and similar hand tools, machinists’ precision tools (except optical);
- 2819.20 - Manufacture of non-electrical welding and soldering equipment.
The company can engage in up to five business activities under one license without additional fees.
No additional approvals are required to register a company conducting this business activity.
The minimum share capital required for SPC company is AED 50,000. Its contribution is optional. If the share capital exceeds 5,000,000.00 AED, its contribution becomes mandatory.
- Must correspond to the company’s business activities
- Must not be identical or similar to local/global brands or registered trademarks
- Must not contain geographical names, such as the names of emirates, cities, countries and other landmarks
- Must not contain the names of Allah, Buddha or God, or any other religious terminology
- Must not contain the names of local/international religious, political or governmental organizations
- Must not infringe any third party's intellectual property rights
- Must not violate the country laws or contain words that are obscene, indecent or generally offensive
Entrepreneurs can open corporate accounts in traditional banks with physical branches, as well as in digital banks and payment systems.
When choosing a bank to open a corporate account, consider the following: service level, fees, available currencies, online banking performance, bank reputation, as well as other conditions that may be important for your business.
Successfully opening a corporate bank account requires a well-prepared documentation package, which may vary depending on the specific requirements of each bank. Documents submitted incorrectly or incompletely may negatively affect the bank's final decision in processing the application.
- Title: Sharjah Publishing City Free Zone
- Description:
SPCFZ (Sharjah Publishing City Free Zone) is a free economic zone (free zone) established in 2017 in the Emirate of Sharjah, UAE. It is the world’s first free zone fully dedicated to the publishing industry.
SPCFZ offers a unique ecosystem for publishers, writers, and creative professionals, providing ideal conditions for the implementation of cultural and creative projects. With advanced technologies and infrastructure, the free zone attracts talent and companies looking to develop projects in the fields of culture, media, and the arts. Companies registered in SPCFZ are permitted to conduct business within the free zone and beyond the UAE.
SPCFZ issues the following types of business licenses:
- Standard (wholesale and retail trade, services, manufacturing)
- E-commerce
- Publishing
- E-Publishing.
With a simplified registration process, flexible business conditions, and reduced operating costs, SPCFZ enables entrepreneurs to successfully enter both local and international markets, while effectively expanding their operations.
The UAE has several taxes and fees that regulate the financial activities of both legal entities and individuals. Below are the main ones.
Value Added Tax (VAT)
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Since January 1, 2018, the UAE has implemented a VAT rate of 5%, which applies to most goods and services and is charged to companies operating within the country, except for those registered in designated zones.
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A Designated Zone is a territory within a free zone that is treated as outside the UAE for tax purposes, allowing goods to be exempt from taxation, provided certain criteria are met. The main taxation rules in Designated Zones are as follows:
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The Designated Zones are listed in the Cabinet Decision to Federal Decree-Law No. (8) of 2017 on Value Added Tax (VAT).
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Goods moved between or within Designated Zones are not subject to tax.
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The export and import of goods between a Designated Zone and a foreign company are also not subject to tax.
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For local companies and those registered in Non-Designated Zones (free zones not included in the Designated Zones list), the standard tax rules set forth in the Federal Decree-Law on VAT apply.
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Companies with an annual turnover exceeding AED 375,000 are required to register with the Federal Tax Authority (FTA) as VAT taxpayers.
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Companies with a turnover between AED 187,500 and AED 375,000 may register on a voluntary basis.
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Companies can offset VAT paid on purchases of goods and services (input VAT) against the VAT they collect on sales (output VAT), shifting the tax burden to the final consumer.
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Some goods and services may be exempt from VAT or taxed at a 0% rate, such as international transportation, educational, and medical services.
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Corporate Tax
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As of June 1, 2023, the UAE has introduced a corporate tax at a rate of 9%, levied on the taxable net profit of companies with income exceeding AED 375,000.
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A 0% rate is applied to taxable income not exceeding AED 375,000.
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Charitable, non-profit organizations and medical institutions are fully exempt from corporate tax.
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Excise Tax
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Since October 1, 2017, the UAE has introduced an excise tax aimed at reducing the consumption of harmful products and funding healthcare initiatives. The tax applies to alcohol, tobacco products, and beverages containing added sugar, including energy drinks and carbonated beverages.Excise tax rates vary depending on the product category:
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50% on carbonated drinks (excluding mineral water)
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100% on tobacco products
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100% on energy drinks
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100% on electronic smoking devices and liquids used for them
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50% on products containing added sugar or sweeteners.
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Companies dealing with excise goods must register with the Federal Tax Authority (FTA), submit monthly declarations, and maintain records. Excise tax is paid upon the import, production, or release of goods for consumption in the UAE.
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Customs Duties
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Custom duties in the UAE are applied to most imported goods at a standard rate of 5% of the cost, insurance, and freight (CIF). Exceptions include certain categories of goods, such as medicines and food products, which may be exempt from duties or subject to a reduced rate.
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Goods imported into UAE free zones are generally not subject to customs duties as long as they remain within these zones. However, when such goods are transferred to the UAE mainland, standard duties apply.
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Personal Income Tax
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In the UAE, personal income is not subject to taxation.
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UAE citizens and residents are exempt from paying taxes on their personal income, including salaries, interest, dividends, inheritances, gifts, luxury goods, and capital gains.
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Local Taxes and Fees
- Individual emirates may impose specific local taxes and fees in line with their economic and social needs. These taxes and fees are aimed at supporting public services and implementing infrastructure projects.
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