Sharjah is clearly one of the most widely preferred destinations for business setup in the UAE. The most popular Emirate among business entrepreneurs from all over the world, the city acts as a business magnet for a number of reasons, some of which include:
- Growing FDI inflow
- High purchasing power
- Easy accessibility to the country’s energy resources
- An environment conducive to business setup and growth
- No direct business tax in a number of industries
- Freedom for capital returns
Taking into account the reasons above, which place Sharjah at an advantageous position as a top business destination, setting up your startup or relocating your established enterprise to the Emirate can yield excellent returns. And to assist you throughout in this journey, partner with Arab Business Consultant, a specialized business and marketing consultancy firm in the UAE. Its team of experts will guide you through Sharjah Freezone business setup in just three simple steps:
- Document submission – You will be required to submit all the necessary documents involved in setting up your business in Sharjah Free Zone for the purpose of verification.
- Making the payment – Once your request for Sharjah Freezone business setup is approved by the concerned authorities after a thorough examination of the submitted documentation, you can proceed with making the required payment in the second stage. This may include paying for the license fee, visa charges, rental fee for office space, etc.
- License receipt – Once the payment has been made, you can look forward to obtaining your license to set up your business in Sharjah Free Zone. Also, you may take possession of your office space and start getting ready to move into your new office and start operating.
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Sharjah Freezone business setup also requires you to determine the type of operation pattern for your business, i.e., Free Zone Company or Free Zone Establishment. You would need to decide whether your business setup would have stakes from a single shareholder or more than one; whether it would be a fully-owned subsidiary of an already established company, which either has its base in a foreign country or is locally based. Your Sharjah Freezone business setup may depend on the type of business ownership that you choose from.
Once this is settled, you can go about arranging the capital required to fund your business setup in Sharjah Free Zone. Also, the capital requirements may vary from one zone to another so you first need to decide on a particular zone to set up your business entity, and accordingly, the capital requirements can be ascertained. You would also need to pay for certain other annual costs involved in Sharjah Freezone business setup – liability insurance, signage, registration fee, and lease deposit.
Setting up a business in Sharjah Free Zone can be made as easy as 1, 2, 3, by availing the services of a professional consulting agency that will take upon itself the entire responsibility of collecting all the necessary documents, screening them to make sure that they are correct and in proper order as desired, and submitting them with the concerned authorities. It can even make payments on your behalf and fast forward the process of obtaining the license for you.
