Business Setup in Sharjah Mainland
Do you find it challenging to obtain a Sharjah mainland business license? In that case, let our adept business setup consultants in Sharjah be the perfect choice to fulfill your aspirations.
Sharjah, a booming emirate in the United Arab Emirates, offers new avenues of progress implemented regularly by its government. Business setup in Sharjah mainland is ideal for service-oriented sectors as well as industrial sectors.
It is valued as a strategic location that connects major trading zones and is a cost-effective way to commercialise your business activity. The location stimulates the marine and shipping sectors of the country. Hence, company formation in Sharjah is a good option.
Our business setup consultants in Sharjah sort everything out for you, which makes starting a business in Sharjah extremely simple and convenient. At Shuraa, we assist multinational companies as well as SMEs with getting their business licenses in Sharjah.
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Why Sharjah Mainland is the Perfect Business Hub.
Businesses in Sharjah do not have to be audited, freeing up time and resources for other business activities
Sharjah does not have restrictions on the use of certain currencies, making it easier to conduct financial transactions.
UAE mainland companies can easily expand their visa quotas as long as they have the physical space
Mainland companies enjoy the same benefits as free zone companies, including tax exemption and no minimum capital requirement
Sharjah Mainland companies can operate anywhere in the UAE, including free zones and outside the country.
Open physical offices anywhere in the UAE. This can help you build relationships with local customers and partners and give you a competitive edge
You can also bid on government contracts, giving them the opportunity to work on high-risk, high-return projects.
Steps in Setting Up a Business in Sharjah Mainland
Navigating the legal paperwork process can be challenging for those unfamiliar with the UAE legal system. This is where seeking assistance from a reputable consultancy firm becomes crucial.
Outlined below are the essential steps for mainland company formation in Sharjah:
Get the Memorandum of Association (MOA) and lease agreement signed, sealed, and notarized by a public notary. Additionally, you need to secure an office space and have the lease agreement notarized.
Gather all the required documents specific to your business activity, as the requirements may vary.
Sharjah offers three types of business licenses -Industrial License, Commercial License, and Professional License. Choose the appropriate one and pay the relevant fees.
Present three different name options for your business, ensuring that the chosen name is unique, free from any indecent language, and does not contain God’s name in Arabic or English.
Present three different name options for your business, ensuring that the chosen name is unique, free from any indecent language, and does not contain God’s name in Arabic or English.
If you plan to hire employees, you’ll need to obtain an Entry Vis a and work permit from the Ministry of Labor on their behalf.
Process the necessary paper work . Your local sponsor or partner must complete this procedure in the UAE.
Finalize the nature of your business activity, as this will determine the specific type of business license required.
Prepare and submit all required documents, including your company registration form and chosen name, to the DED
Officially file your license application with the Department of Economic Development
Once you’ve settled on a trade name, register it online with the DED.
Additional approvals may be necessary depending on your business type. You’ll obtain your business license after fulfilling all
requirements and paying the fees.
Following the issuance of the trade license, the next step is to open a corporate bank account. A digital bank account makes the whole process
much easier and c an usually be completed within a few days.
Trusted by
50,000+
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All Over The World.......
Trusted by
50,000+
Businesses
All Over The World.......
Flourishing Sectors in Sharjah Mainland
Licensing for Setting Up in Sharjah Mainland
The Sharjah Economic Department, the prestigious authority in charge of issuing business licenses, plays a crucial role in the changing landscape of Sharjah Mainland. Securing the right license becomes the cornerstone of your enterprise.
Sharjah offers three distinct types of licenses tailored to align seamlessly with your company’s essence:
Industrial License
For manufacturing, processing, packaging, assembling, and fabrication businesses.
Commercial License
For trading companies involved in import, export, and e-commerce.
Professional License
For individual entrepreneurs offering professional services like consultancy, event management, and investment services.
Get a Sharjah mainland business license for multiple opportunities and 100% ownership with Shuraa.
Types of companies in Sharjah Mainland
Partnership Company
Formed by two or more UAE national shareholders. The joint liability is based on individual shareholding. Foreign investors can’t open a partnership company.
Limited Liability Company
It needs 2 to 50 shareholders to form an LLC. the maximum liability of each shareholder is their respective capital share. Since June 2021, the government has permitted 100% foreign ownership; so a local sponsor is not required.
Local Service Agent License Company / Sole Proprietorship
It is a sole proprietorship business that needs one single owner. Foreign investors need a UAE national to become local service agents. However, the LSA has no right over the company’s share and ownership.
Branch Companies
Existing companies are allowed to open their branches in Sharjah. The UAE, foreign, and GCC companies are eligible. It’s better if you seek help from a business setup consultant in Sharjah.
Public / Private Shareholding Company
A shareholding company divides the capital into tradable shares of equal value. Each partner’s liability is the value of their shares only. Private shareholding companies in Sharjah follow the rules set up by Public Joint Stock Companies. The people who sign the memorandum and article of association will automatically become the company’s founding members.
Essential Documents for Sharjah Mainland Company Set Up
Investors are required to submit particular documents. The mandatory paperwork needed to establish a business in Sharjah is as follows :
- Completed application for business registration in Sharjah
- A comprehensive business plan
- National ID and family book photocopies
- Duly attested and notarized Memorandum of Association (MoA) and Articles of Association (AOA)
- Passport copies of all partners and managers involved in the company
- Power of Attorney
- Bank reference letters
- Proof of residence
- Board resolution for foreign companies
- Lease agreement
