Business Setup Cost in Sharjah
All You Need to Know About Business Setup Cost in Sharjah
Sharjah is one of the seven emirates that make up the United Arab Emirates. It is one of the fastest growing emirates in the country today. Sharjah is attracting significant foreign investment as its economy booms even more. A lot of business owners and entrepreneurs want to start a business in Sharjah. If you are hoping for that as well, then you need to know about business setup cost in Sharjah. In this article, we are going to talk about some of the most important details that you need to know about the business setup cost in Sharjah.
Whether it’s big or small business setup in Sharjah, people are getting interested investing in forming a company in this Emirate. This is because of the range of advantages that they will get. Let us take a look at the advantages of business setup in Sharjah before we look at business setup cost in Sharjah.
Advantages of Business Setup Cost in Sharjah
Global investors see Sharjah as a good place to invest and grow their business. As said before, there are a number of advantages of setting up a company in Sharjah mainland. Here are some of the biggest advantages:
Tax-Free
Although value-added tax (VAT) has been implemented in Sharjah at the start of the year, you still do not need to pay corporate and income taxes. This also saves on the business setup cost in Sharjah
Zero capital Requirement
Business Setup Cost in Sharjah is quite cost-effective and hence a smart business decision. On top of that, there are some businesses that don’t require any capital investment making it even more cost-effective way to begin.
No Currency Restrictions
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Sharjah Mainland has zero currency restrictions applied in its territories, just like other mainland company formation in other emirates in the UAE.
No Requirement for Yearly Auditing
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If you are looking to open a company in the Sharjah Mainland, then you do not need to prepare for yearly audit as it is not required by the authorities. This lessens their stress and worries. This also saves on the business setup cost in Sharjah
You can Rent Office Anywhere
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Businesses in Sharjah can select any location in the mainland for its office based on the business strategies of the company. The rents are quite affordable compared to Dubai and Abu Dhabi.
Conduct Business in the Domestic Market
If you start a company in Sharjah Mainland, then you can sell your products in the domestic market without any restrictions. Companies that are selling products that of high demand in the local markets can take advantage of this.
No Limit on Activities
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Business owners in Sharjah Mainland have the freedom to conduct any type of business activity they want, unlike in some parts of the UAE where business activities are limited. In some areas in the UAE, they are even categorized.
No limit on visas
You can apply for any number of visas if you have a business in Sharjah Mainland. There are no restrictions on the number of visas you can apply.
Business Setup Cost in Sharjah – Types of Costs
When you look at the business set up cost in Sharjah, the costs can be divided into the following types
- Fees Paid to the Government
They can be again sub-divided into the following categories
- One-Time Fees
- Regular Fees, paid at regular intervals
- Fees Paid to Third Parties: Like Consultants, Local Sponsors etc.
Business Setup Cost in Sharjah – Details of the Cost
The following chart gives the details of the business setup cost in Sharjah
| Fees/Cost/Receiver | Paid To | Frequency | Cost (AED) | Payment |
| Trade Name Reservation | Govt. Agency | One time | 610 | 100% in Advance. |
| Initial Approval for Your Business | Govt. Agency | One time | 110 | 100% Advance. |
| Local Citizen – Sponsorship Fee | Your Business’ Local Sponsor | Yearly | 15,000 |  After getting the service |
| MOA – Legal Translation Services | Translation Services | One time | 1,280 | 100% Advance. |
| Notarization of MOA | Govt. Agency | One time | 960 | 100% Advance. |
| Licensing & Certificate of Incorporation Fees (for specific business activity) | Govt. Agency | Yearly | 7,000 | 100% Advance. |
| File Opening – Immigration (Establishment Card) | Govt. Agency | One time | 860 | 100% Advance. |
| File Opening – Ministry of Labour (Establishment Card) | Govt. Agency | One time | 2,053 | 100% Advance. |
| E-Signature Card – Ministry of Labour | Govt. Agency | One time | 1,000 | 100% Advance. |
These were the details of the Business Setup Cost in Sharjah. For more information, you can always contact Arab Business Consultant as they are one of the most reliable business formation consultants when it comes to business formation in Sharjah. Get the help from the real experts and make your business a success.
