Business Setup in Sharjah
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Business Setup In Sharjah
Sharjah is a popular destination for business investors, as evidenced by its role as the hub of Air Arabia and the fact that logistics companies dealing in airfreight tend to base themselves at Sharjah’s International Free Zone (SAIF).
The Hamriyah Free Zone is a popular choice for ocean freight companies and/or sea freight. The zone boasts its port, including customs clearance and warehousing facilities. As Dubai is the most populous city in the United Arab Emirates, many corporate employees live in Sharjah, which has a slower pace of life than its neighboring city, as well as better schools for their children. If you choose to establish your business in Sharjah, it greatly simplifies your employees’ commute to work, allowing them to start each workday with a fresh mind and be more productive at their jobs.
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PROCESS FOR
Sharjah Business setup
To set up a business in Sharjah, you must complete the following procedures:
- Sign a rental agreement and a Memorandum of Association (MoA) in a public notary.
- Obtain all necessary documents and have them processed to obtain a payment voucher.
- Obtain a trade license and pay the license fees.
- Obtain a naming approval from the Name Board.
- Apply for an establishment card Determine the type of business entity you want your business to be.
- Apply to the Department of Economic Development (DED) for a business license, and have an authorized notary public notarize the memorandum of association.
- To get a trade license from the Chamber of Commerce and Industry, file your company documents with the Directorates of Economic Development (DED).
- After registering the trade name and receiving initial approval, a company must secure approval from the Municipality in order to operate.
Legal Entities in the Emirate of Sharjah
2. A partnership company is a business structure open to citizens only. It can be started by two or more individuals.
3. A local service agent is a sole proprietor of a business. The sole proprietor bears all responsibility for operating the business, making financial decisions, and taking care of legal issues.
4. Foreign Company Branch Registration For companies outside the UAE but want to have their branch in the UAE.
5. Local Branch Registration This is for an established company based in the UAE wishing to set up a branch in the Emirates.
6. A Public/Private Shareholding Company is a company with some shares that are traded on the public markets and other shares held privately.
7. GCC Branch registration.
Choose the right location to setup your business in Sharjah:
You can set up your business in a variety of locations in Sharjah according to the type of business you have.
- Sharjah Mainland
- Sharjah free zone
List of free zones in Sharjah:
- Hamriyah Free Zone
- Sharjah Airport International Free (SAIF) Zone
- The U.S.A Regional Trade Center (USARTC) Free Zone
- Sharjah Publishing City Free Zone
- Sharjah Media City Free Zone
- Sharjah Research Technology and Innovation Park (SRTI) Free Zone
Sharjah is home to many companies that have established their businesses from scratch. The government provides incentives to start-ups to expand their operations and encourages new ventures. While free zones offer 100% ownership of your company, only limited liability companies/establishments are permitted within their borders. A business formation specialist can advise you on the best course of action to take when establishing a company in Sharjah.
Document Required to Start a Business in Sharjah:
The following documents are required for registering a company in Sharjah:
- License form
- Approval from the Ministry of Economy
- Approvals from other government entities, if called for
- Certified copy of the tenancy contract
- Certified No Objection letter, passport, visa, and residency Xerox copies of the shareholders
- Land map or ownership certificate Xerox copy
- Tenancy agreement
- Legal Affairs approval
- Partnership contract certified by the Public Notary
- Trade name certificate, as proof of trade name reservation
Why choose us:
Legal House provides a services to start a business in Sharjah, UAE with ease. Our Sharjah-based team has years of experience in this field with local expertise. We can make the process smooth and hassle free because we have experience dealing with ,Commercial Contract drafting, visa, and licensing requirements. Fell free to contact us.
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Get Cost For Sharjah Business Setup
CHOOSE BUSINESS LOCATION
Sharjah
LEGAL ENTITY
LLC ,Share holder, partnership, Sole establishment.
TRADENAME RESERVATION
Tradename search, availability
INITIAL APPROVAL
and Security Clarence
LEGAL AGREEMENTS
MOA, POA ,Local Service agent etc..
VISA ASSISTANCE
Inside /Outside UAE
VIRTUAL OFFICE
Office space ,Flexi desk, Rentals
Frequently Asked Questions
To obtain a trade license in Sharjah, you will need to provide the following:
- A copy of your passport and residency visa (if applicable)
- A copy of the tenancy contract for your office space
- A no-objection certificate (NOC) from your sponsor (if applicable)
- Proof of payment of the trade license fees
- Other documents may be required depending on the nature of your business and the type of license being applied for.
The process for obtaining a visa for a company employee in Sharjah may vary depending on the specific type of visa being applied for. Generally, the process involves the
following steps:
- Applying for a work permit through the Ministry of Human Resources and Emiratisation (MOHRE)
- Obtaining a medical fitness certificate from a government-approved health center
- Applying for an entry permit through the General Directorate of Residency and Foreigners Affairs (GDRFA)
- Completing the visa application process, including biometrics and documentation, through the GDRFA
- Activating the visa by obtaining a residence permit from the GDRFA.
The cost of a Freezone license in Sharjah varies depending on the specific Freezone and the type of license required. Generally, prices range from a few thousand to thirty of thousands of dirhams. It’s best to check with the specific Freezone for an accurate cost estimate.
Manufacturing Trade and commerce, Tourism and hospitality,Education and training,Healthcare,Information,technology and telecommunications.
Yes, a business in Sharjah can operate outside of the emirate and even outside of the UAE, depending on the legal structure and the business activity. However, the business must comply with the regulations and requirements of the other jurisdictions where it operates.
Yes, foreigners can set up a Sole Establishment in Sharjah, which allows 100% foreign ownership. However, they will need to appoint a local service agent who will act as a liaison between the business and government authorities.
Minimum investment of AED 75,000 for an LLC or AED 150,000 for a Free Zone company and supported documents such as business license, office space contract, msurance.
- Renewal of business license
- Renewal of residency visas for business owners and employees
- Filing of annual financial statements and audit reports
- Payment of corporate and other taxes, if applicable
- Compliance with labor laws and regulations
A business in Sharjah can open a bank account with any of the local or international banks operating in the UAE. However, the bank may require certain documents and information, such as the business license, Memorandum and Articles of Association, and proof of identity and residence of the shareholders and directors.
• Market demand and competition
• Legal and regulatory requirements
• Cost and availability of resources, such as labor, office space, and utilities
• Tax and financial considerations
- A local service agent is required for foreign-owned businesses that operate as a Sole Establishment in Sharjah.
- A local service agent is a UAE national who acts as a liaison between the business and government authorities.
- Legal House Can help you in assisting business process guide and also acts a local sponsor for your business.