Dubai’s growth has meant that employment opportunities in the state have also flourished, resulting in a thriving publishing industry. The chief industries in Dubai include oil & gas, transport & communication, information technology and tourism. This rapidly developing economy has therefore led to a surplus of office space. Dubai is now the leading destination for international publications.
In particular, the Dubai Marina is home to all the major international brands, including Citibank, Daimler-Chrysler, Goldman Sachs, Hilton, Apple, Credit Suisse, Reebok, and a number of other prominent companies. The free zone is a planned economic development zone adjacent to the Sharjah city center. This zone has become an important centre for business, finance and administration in the UAE.
The main industries of this planned zone are shipping, transportation, IT, finance, chemicals, tourism, construction, and food processing. There are a few industries have primarily Sharjah interest; however, they are not wholly owned by the Dubai authorities and have a separate legal system. They are the Sharjah Gold Market, wholly owned by the Dubai Gold Association; Arabian Ranches, a real estate company with activities in Sharjah and Abu Dhabi; and the Sharjah Free Zone, which is a commercial development within the free zone.
As part of the efforts to attract more foreign investment into the city, several Sharjah companies are conducting business through their own company formation offices in the free zone of the city. The main advantage of doing business through a company formation office in Sharjah is that it simplifies the procedures involved in company registration and company formation in Dubai. There is no need for you to be concerned about any legal issues. The company formation office will take care of everything. You will just have to give him details of your business and you are done.
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Dubai publishing city offers several options of rent. These include studio or one-room apartments, luxurious villas, and fully furnished offices, which come with all the utilities required for a working environment. If you wish to run an entire publishing house from the same premises, you can also get a space on the same place, which is available on lease. The Dubai license fee covers the operating cost of these offices.
However, it is necessary to mention that the rates are higher in case of Dubai publishing houses and offices than in other cities. This is because Sharjah is considered a high-income city. This is a consequence of the Dubai’s strategic location at the crossroads between Europe and Asia, its proximity to the UAE, and the climate of the city. It is not surprising that the property market of Sharjah has become very active since the city started to attract a large number of international companies.
A Sharjah property owner enjoys a number of benefits when he opts for a Sharjah property as an investment. This includes tax exemption on the income derived from the property. Sharjah is also a safe city in terms of crime and safety, thanks to the first free zone in the UAE. The freeze includes a range of attractions such as the Sharjah International Airport, the Jumeirah water front, and the Arabian Ranches. In addition to this, there is no restriction on a Sharjah property, when the owner is not living in the said area. A Sharjah property also comes with the freedom to relocate whenever the owner feel like, without having to face any kind of penalty or restriction.