Article: 3668
Company setupRepair of Fabricated Metal Products, Machinery and Equipment
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This company can engage in the repair of fabricated metal products, machinery and equivalent, metal tanks, reservoirs and containers, pipes and pipelines, mobile welding machines, steel shipping drums, steam generators and their auxiliary equipment, parts for marine or power boilers, boilers and radiators of central heating, ships and boats, equipment, non-automotive engines, pumps and related equipment, hydraulic power equipment, fittings, gears and drive elements, process furnaces, lifting and transport equipment, general-purpose industrial equipment, other hand tools with mechanical drive, metal cutting and molding machines, other machine tools, agricultural tractors, agricultural and logging equipment, metallurgical equipment, mining, construction and oil and gas field equipment, equipment for the production of food, beverages and tobacco, equipment for the production of textiles, clothing and leather, paper production equipment, other special purpose equipment, weighing equipment, vending machines, cash registers, copiers, electronic calculators, typewriters, electrical equipment, electric motors, electric generator sets and generators, switchgears and switchboard equipment, relays and industrial control systems. The activity can also include the repair of primary batteries and rechargeable batteries, electric lighting equipment, mounting devices for electrical circuits, fishing nets, ropes, rigging, canvas and tarpaulin, bags for storing fertilizers and chemicals, reconditioning of wooden pallets, shipping crates, barrels, or drums, pinball machines and other coin-operated games, as well as the restoration of organs and other historical musical instruments.
The following group of business activity has been selected for the SPCFZ company setup:
Repair of Fabricated Metal Products, Machinery and Equipment (Group 331):
- 3310.00 - Repair of fabricated metal products, machinery and equivalent;
- 3311.01 - Repair of metal tanks, reservoirs and containers;
- 3311.02 - Repair and maintenance for pipes and pipelines;
- 3311.03 - Repair of mobile welding;
- 3311.04 - Repair of steel shipping drums;
- 3311.05 - Repair and maintenance of steam or other vapour generators;
- 3311.06 - Repair and maintenance of auxiliary plant for use with steam generators:
- Condensers;
- Economizers;
- Superheaters;
- Steam collectors and accumulators.
- 3311.08 - Repair and maintenance of parts for marine or power boilers;
- 3311.09 - Platework repair of central heating boilers and radiators;
- 3311.10 - Ships and boats maintenance services;
- 3312.00 - Repair of machinery;
- 3312.01 - Repair and maintenance of non-automotive engines, such as rail or ship engines;
- 3312.02 - Repair and maintenance of pumps and related equipment;
- 3312.03 - Repair and maintenance of fluid power equipment;
- 3312.04 - Repair of valves;
- 3312.05 - Repair of gearing and driving elements;
- 3312.06 - Repair and maintenance of industrial process furnaces;
- 3312.07 - Repair and maintenance of materials-handling equipment;
- 3312.08 - Repair and maintenance of commercial-type general-purpose machinery;
- 3312.09 - Repair of other power-driven hand tools;
- 3312.10 - Repair and maintenance of metal cutting and metal-forming machine tools;
- 3312.11 - Repair maintenance of other machine tools;
- 3312.12 - Repair and maintenance of agricultural tractors;
- 3312.13 - Repair and maintenance of agricultural machinery and logging and forestry machinery;
- 3312.14 - Repair and maintenance of metallurgy machinery;
- 3312.15 - Repair and maintenance of mining, construction, and oil and gas field machinery;
- 3312.16 - Repair and maintenance of food, beverage, and tobacco-processing machinery;
- 3312.17 - Repair and maintenance of textile apparel and leather-production machinery;
- 3312.18 - Repair and maintenance of paper-making machinery;
- 3312.19 - Repair and maintenance of other special-purpose machinery;
- 3312.20 - Repair and maintenance of weighing equipment;
- 3312.21 - Repair and maintenance of vending machines;
- 3312.22 - Repair and maintenance of cash registers;
- 3312.23 - Repair and maintenance of photocopy machines;
- 3312.24 - Manufacturing and repair of electronic calculators;
- 3312.25 - Manufacturing and repair of typewriters;
- 3314.00 - Repair of electrical equipment;
- 3314.02 - Repair and maintenance of electric motors, generator sets, and generators;
- 3314.03 - Repair and maintenance of switchgear and switchboard apparatus;
- 3314.04 - Repair and maintenance of relays and industrial controls;
- 3314.05 - Repair and maintenance of primary and batteries storage;
- 3314.06 - Repair and maintenance of electric lighting equipment;
- 3314.07 - Repair and maintenance of current-carrying wiring devices and non-current carrying wiring devices for wiring electrical circuits;
- 3319.00 - Repair of other equipment;
- 3319.01 - Repair of fishing nets, including mending;
- 3319.02 - Repair or ropes, riggings, canvas and tarps;
- 3319.03 - Repair of fertilizer and chemical storage bags;
- 3319.04 - Repair or reconditioning of wooden pallets, shipping crates, barrels, or drums;
- 3319.05 - Repair of pinball machines and other coin-operated games;
- 3319.06 - Restoring of organs and other historical musical instruments.
The company can engage in up to five classes of 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 not violate the country laws or contain words that are obscene, indecent or generally offensive
- Must not contain the names of Allah, Buddha or God, or any other religious terminology
- Must not infringe any third party's intellectual property rights
- 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 local/international religious, political or governmental organizations
- Must correspond to the company’s business activities
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.
Order service directly at SPC
With the assistance of our platform manager, who will provide you with service instructions, arrange meetings with SPC representatives, and assist in coordination
- Direct access without intermediaries
- No additional fees
- No commissions
Choose our "Standard" plan
Receive expert guidance from an authorized consultant who will manage the entire process of obtaining SPC services
- Time-saving
- Predictable outcomes
- Personal expert assistance
- Business-class transportation to service locations
- Minimal involvement required
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An elite consultant will oversee the process of obtaining SPC services, ensuring a seamless experience
- VIP airport reception for one person
- Premium-class airport-hotel-airport transfers
- Expedited VIP procedures
- Guaranteed results
- Personal expert available 24/7
- Premium-class transportation to service locations
- Minimal involvement required