Business Setup in Sharjah
Shuraa Business Setup provides professional business setup services in Sharjah. With our skilled team, your journey to success will be simplified. Begin your venture today!
Company Formation in Sharjah
Shuraa Business Setup provides professional business setup services in Sharjah. With our skilled team, your journey to success will be simplified. Begin your venture today!Â
Are you looking to establish a company in a bustling city without steep costs? Sharjah fits the bill perfectly! As an affordable alternative to Dubai, it stands out as a lucrative hub for foreign investment, boasting a successful business landscape. Its strategic location near an International Airport and access to ports on both coasts add to its appeal. Moreover, Sharjah has recently witnessed remarkable technological, arts, and cultural progress with a business-oriented government and an exceptionally safe environment. Allow Shuraa Business Setup to assist you in navigating the process of company formation in Sharjah.Â
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Business Entities in Sharjah
Business Setup in Sharjah mainland or free zone is advantageous for foreigners. The types of business entities include:Â Â
- Limited Liability Company: Requires 2 to 50 partners, with liability limited to their investment.
- Partnership Company: Involves 2 or more partners with liability limited to their shares in the company.
- Public/Private Shareholding Company: Public shareholding involves equally divided tradable shares, while private shareholding follows the rules of public joint stock companies.
Benefits of Company Formation in Sharjah
The advantages of Establishing a Company formation in Sharjah include:Â
- Zero Corporate or Income Tax
- 100% Foreign Company Ownership
- Government Incentives for Investors
- Investment Security
- InvestmePresence of Local and Foreign Banks in Sharjah nt Security
Types of Business Structures in the UAE
- Free Zone Company A business structure where the owner has 100% ownership without needing a sponsor or agent, providing complete control over the venture.
- Mainland Companies An onshore entity registered with the emirate's government, offering unrestricted commercial activities.
Documents Required for Company Formation in Sharjah
The necessary documents for establishing a company formation in Sharjah are as follows:Â
- Verification of trade name registration
- Verification for business activities
- Passport copies of the shareholders and manager
- Personal information of the shareholders and manager
- Lease agreement details
- Approval from legal affairs and the Ministry of Economy
Company Registration in Sharjah
Key Steps for Registering a Company in Sharjah:Â
- Submit Your Application:
- Choose your business activity and company name, adhering to UAE naming conventions.
- Initial application approval takes less than two hours.
- E-Channel Services and Entry Permit:
- Utilise e-channel services for easy business setup.
- Obtain your entry permit online, allowing a stay of up to 60 days (about 2 months) in Sharjah.
- Status Change:
- Activate your status change in-country or through exit and re-entry, depending on your origin.
- Undergo medical tests to apply for your Emirates ID card, enabling essential tasks like opening a bank account and renting a property.
Cost of company formation in Sharjah
If you are planning to register your company in Sharjah Mainland or want to know the cost of a general trading license in Sharjah, contact Shuraa Business Setup, and we will help you with your entrepreneurial endeavour.Â
Obtaining Business Licenses for Your Company in Sharjah
The nature of your business is determined by the type of business license you acquire. To establish a company in Sharjah, obtaining and maintaining an up-to-date business license is mandatory, in accordance with UAE regulations. Sharjah offers three distinct types of licenses to cater to different business activities.Â
- Industrial License: This pertains to businesses involving manufacturing, processing, packing, assembling, and fabrication. To obtain an industrial trade license, it is essential to have a physical warehouse within the country. The issuance of this license is overseen by the Department of Economic Development.
- Commercial License: If your business involves any form of trading, obtaining a commercial license is necessary. This license encompasses various trading activities, including retail shops, car rental services, and tourism businesses. Companies engaged in such activities must apply for a commercial license.
- Professional License: Individuals providing services fall under the professional license category. A broad spectrum of businesses is considered professional, including carpentry, medical services, beauty salons, accounting, consulting, event management, and more. Acquisition of a professional license is a prerequisite for engaging in these service-oriented activities.
Sharjah LLC Company Formation Cost
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Note: These are all tentative prices and are subject to the individual business requirements of the applicants. Â
Sharjah Free Zone Company Setup: Costs and Considerations
Business Setup in Sharjah Free zone offers top-notch business amenities, Flexi office setups, and access to freehold property. They provide affordable land, labour, and incentives for Small and Medium Enterprises, making the setup cost reasonable. However, free zones are pricier and have more restrictions than Sharjah LLC or mainland formation.Â
Notable Sharjah-free zones include SHAMS, Hamriyah Free Zone, and SAIF. Each has its regulations.Â
For instance, they set up costs of around AED 25,000* in SHAMS, while the Sharjah Airport International Free Zone is approximately AED 35,000*. Free zone companies are restricted to trading within or outside the country, limiting business within the UAE.Â
Book a free business setup consultation
Speak to a business setup consultant for free to understand the cost of company formation in Sharjah. Also, with a free consultation, analyse whether to go for a Sharjah LLC company formation or a free zone business setup, depending on your preference and business activity.Â
To learn about the various perks and advantages of setting up a business in Sharjah Mainland or a Sharjah-free zone, contact Shuraa Business Setup. Shuraa makes company registration in Sharjah easy and affordable.Â
Call Now at +971-44081900, WhatsApp +971-507775554 or send us an email at [email protected].Â
Frequently Asked Questions
The usual timeframe for forming a company in Sharjah is approximately 12 weeks (about 3 months).Â
Benefits include tax exemptions, availability of warehouse facilities, and various government incentives.Â
Limited Liability stands out as the most sought-after form of business entity in Sharjah.Â
