Sharjah is one of the safest and liberal economies in the Middle East. It is fast emerging as a cost-effective alternative to Dubai for setting up business due to the presence of an International Airport that ensures global air links and dual ports on the west and east coasts of the Arabian Gulf having direct access to North Africa and the Indian Ocean. The judicial system in Sharjah is fair, and the economy is liberal with competitive fees structures and property lease rates.

Why Set Up Business in Sharjah?

Sharjah is one of the most rewarding economic destinations that attract foreign investment and for company registration. The Government of Sharjah recognizes the importance of trade, service, and manufacturing sectors in sustaining country’s economy, and has therefore formed policies that encourage foreign investment. For company registration in Sharjah, flexible government policies have played a crucial role in gaining the faith of global investors, and have largely contributed to the rapid and continued economic growth.

Types of Business Setup In Sharjah

Sharjah Free Zone can be set up in any of these two zones with a minimum capital of US $40,000

Sharjah International Airport Free Zone – SAIF

Hamriyah Free Zone

Mainland Companies comprises of geographical areas set up by UAE government authorities for commercial purpose.

Sharjah Economic Department is the licensing authority for issuing all kinds of business licenses in Sharjah except for the free zones.

Industrial License – For any Manufacturing or Industrial Activity

Commercial Licenses – For any Kind of Trading Activity

Professional License – For Service Providers

Procedures for Business Setup

The signing of Lease Agreement and MOA in public notary

Processing all documents for getting a trade license

Payment of the license fee

Filing an application for name reservation and getting approval from name board

Getting approval of the employees from the Ministry of Labor

Description of your business activity and selection of the legal form of business

Application for registration of the company with a proposed name to Department of Economic Development (DED) and notarization of MOA

Filing necessary documents with DED for getting trade license from MCI

Getting approval for Location from the municipality.

Advantages Of Company Registration in Sharjah

No Corporate or Income Tax

Modern legal framework

No foreign exchange controls or trade barriers

High incentives from Government of Sharjah for Investors

100% Foreign company ownership

100% tax exemption on imports and exports

Presence of multiple local and foreign banks

Warehousing Facility to store the goods