Comments Off on Top Reasons for Company Setup in Sharjah in 2024
Overview
Recognized as the cultural capital of the UAE, the company setup in Sharjah is gaining continuous popularity as an economic hub globally. Sharjah is home to numerous free zones and mainland areas that offer all the key ingredients to start and expand your business forward. In the last few years have become significantly advanced in technology, culture and arts, providing a business-friendly and safe environment to foreign investors. In this blog, we will discuss the top reasons to setup your business in Sharjah in 2024.Top 7 Reasons to Start a Business in Sharjah
Sharjah is the third-largest Emirate in the UAE, offering great business opportunities for ventures across various sectors including Real estate business, Ecommerce business, Consultancy services, Healthcare, Restaurant business, IT Solutions and more. Let’s explore the top benefits of starting a business in Sharjah:Simple Process of Company Formation in Sharjah
The process of business formation in Sharjah is simple and quick. Connecting with a business setup consultancy in the UAE may help you complete the key steps of your business setup without any mistakes and delays.100% Business Ownership
Foreign investors can enjoy complete commercial and industrial business ownership in Sharjah which will provide them entire control over business activities.Various Free Zones
The government of Sharjah offers several free zones to investors that enable them to thrive within the growing market of the city. Sharjah freezone licence offers complete ownership, huge tax benefits and a variety of licensing options.No limitations on business activities and visas
In Sharjah, limitations are not present for performing any business activity. Investors are free to engage in multiple business activities that other regions might not offer. This Emirate also allows for unlimited issuance of visas, enabling entrepreneurs to hire talents from all across the globe.Simple Currency Regulations
Other Emirates of the UAE have some laws that restrict the usage of certain currencies that can pose an inhibitor to business prosperity and easy transactions. However, Sharjah does not have such impositions, allowing investors to conduct financial transactions easily.No Mandatory Audits
Company setup in Sharjah does not have complicated legal requirements to be audited. It allocates valuable time and resources for starting a new venture within the Emirate.Start Your Business at Reasonable Prices
Establishing a business in Sharjah is more cost-effective than other emirates. The city offers reasonable office space, workforce and other operating factors making that makes company setup in Sharjah more appealing to foreign investors.Business Entities in Sharjah: Types
For an efficient business setup in Sharjah, investors need to know the types of business entities available in the city. Here is the list:- Sole Proprietorship
- Public and Private Shareholding Companies
- Limited Liability Company (LLC)
- Partnership
- Branch Offices
Documents Required for Company Setup in Sharjah
The documentation required for registering a business in Sharjah depends on the type of the business and unique criteria. The basic documents that a foreign investor must have to get their Sharjah business license are listed below:- Photocopy of visa and passport
- All stockholders’ passport copies
- Copy of the certified leasing contract Licence form
- Bank statement of the company’s bank account
- Legal approvals, if necessary
- Trade name certificate
