Overview
Business setup in Sharjah is the most preferred choice for global investors due to its strategic location, huge tax benefits and business-friendly environment. The city offers you two main options for starting a business: Sharjah Mainland and Sharjah Free Zones.
Starting a business in Sharjah needs to complete some key steps efficiently. This guide will walk you through the entire process of successful company setup in Sharjah.
Explore the Best Juridictuions for Business Setup in Sharjah
You have mainly two types of business jurisdiction in Sharjah to choose from, according to the nature and scope of your business:
Setup Your Business in Sharjah Mainland
Sharjah mainland business setup includes the process of launching a business within the geographical areas developed by the government of the UAE for commercial purposes. It provides various benefits to foreign investors including 100% tax exemption, no corporate tax, security of investment, easy bank account opening and more.
Setup Your Business in Sharjah Freezone
Sharjah freezone business setup refers to a company setup within the freezone authority of the country. This type of business setup offers various benefits to foreign investors including 100% ownership, adaptable regulations, affordable prices and elimination of currency barriers.
Step-by-step Guide for Business Setup in Sharjah
Sharjah company formation is a straightforward and smooth process that may be divided into four simple steps:
Step 1: Submit Your Application
The first step for a successful business setup in Sharjah includes the selection of the right business activity and choosing your trade name. The city offers you various business activities such as food activities, arts, ecommerce business, entertainment, real estate business, construction, tourism business, education, financial services, and transportation.
You need to choose a unique and relevant business name for your business by considering the strict naming conventions of the country.
These are the initial applications that you need to approve to get your licences from the Sharjah authority.
Step 2: Pay the Licencing Cost
After submitting all the documents, pay the licencing fee at the DED and Commercial Registration Department to get your mainland or Sharjah freezone licence.
Step 3: Find a Local Sponsor
Finding the right local sponsor is important for starting a mainland company in Sharjah. A business setup consultancy may help you meet the best local sponsor and sleeping agent for your business. A local service agent will help you in facilitating all the administrative procedures for your business setup in Sharjah.
Step 4: Draft a Memorandum of Association (MOA)
Draft your company’s Memorandum of Association (MOA) that clarifies all the operational instructions that your business will follow. Make sure your company rigorously adheres to these guidelines:
- Purpose of Company
- Capital investment
- Share
Conclusion:
Ready for Your Company Setup in Sharjah?
Business setup in Sharjah attracts a huge population of global investors due to the easy business setup process, 100% ownership, and various mainland and freezones, simple currency regulation and world-class infrastructure.
In this blog, we have discovered the available business jurisdictions and processes of business setup in Sharjah. Hope it will help you to embark on your business setup journey in the UAE.
How Arab Business Consultants Can Help You?
Business setup in the UAE requires having in-depth knowledge of the regulations and laws of the country, where Arab Business Consultants can help you setup your business in the UAE avoiding any mistakes and delays. Our expert team will provide you with the best PRO Services, local sponsor services and VAT services, ensuring your success in the cultural city of the UAE.
Talk to our consultants for your company setup in Sharjah and visit our website to learn more about the business setup process in the UAE.
