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Sharjah Free Zone license

Sharjah Free Zones are one of the preferred choices for company formation amongst new entrepreneurs considering the various available jurisdictions in the UAE. Sharjah being deemed to represent the cultural and historical site of the UAE opens the door for future small and medium-sized businesses to be able to compete in the market.

Opening a business within the Emirate is also considered easier than the rest. Sharjah is the third largest Emirate of the UAE, the region is a thriving economic zone offering numerous incentives to business owners and start-ups. With the opening of its Free Zones, namely Shams (Sharjah Media City) and SPC (Sharjah Publishing City), Sharjah has been on a fast track to steer its economy by revolutionizing industrial and commercial sectors.

Advantages of Sharjah Free Zone License

Here is a brief list of the benefits you can expect to receive with a free zone company setup in Sharjah:

A new business setup in the Sharjah Free Zone gets all the lucrative incentives from the authorities here. As the government is trying to improve the non-oil economy of the region, businesses here get reliable and cost-effective solutions to their problems. The ease of doing business is one of the main attractions of the SAIF Zone, as there are no complicated regulations or red flags for new market entrants.

  • 100% ownership for foreigners.
  • 100% exemption from corporate and personal income taxes.
  • 100% exemption from import and export duties.
  • 100% repatriation of profits and capital from your business.
  • Affordable business setup and service fees.
  • Access to Arabian Gulf, Indian Ocean, and international airspace.
  • Access to skilled professionals for specialized sectors.
  • Access to unlimited cheap labor for industrial sectors.
  • Access to an affordable and reliable supply of energy.
  • State-of-the-art office equipment.
  • State-of-the-art office spaces.
  • Ability to sponsor visas for foreign employees.
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Business setup in UAE

Along with these benefits, there are additional advantages of company formation with the help of experienced consultants. Company Setup has close ties with the SAIF Zone, and our consultants are constantly working with the authorities there. We can help you get started in Sharjah within 24 hours

Types of Sharjah Free Zone License

A valid business license is required to set up a business in the UAE. To obtain a Sharjah, free zone license one has to decide on the type of business activity to be performed in the region as the business activity determines the number of licenses required. There are mainly 3 types of licenses provided in the Sharjah Free Zone:

1. Commercial License

This type of license is provided for companies engaged in trading or buying and selling goods. If you choose a business activity that is classified under commercial activity, you will be issued a commercial license by the free zone authorities. Logistics, car rental, and real estate services can be classified as commercial activities.

2. Trading License

This license is issued to businesses involved in industrial and manufacturing activities. You need a physical office in the country to acquire this license. It includes activities such as manufacturing of food products, metal casing, furniture manufacturers, and packaging.

This type of license is given to the businesses providing services. They can be service providers, professionals, artisans, and/or craftsmen. It includes activities such as management consultancy, law firms, auditing and accounting companies, educational institutions, and medical services.

How to Set Up a Business in Sharjah Free Zone?

The process to Sharjah free zone company setup can be smooth and easy if you make a proper plan. The basic steps are research, precise decision-making, and following the rules and regulations. Other than that, you need to follow these steps:

  • Understanding your business and deciding the appropriate free zone for the same
  • Preparing a business set-up plan
  • Choosing a company name and reserving it with the desired free zone
  • Finalizing suitable infrastructural setup
  • Estimating the workforce required for the business
  • Depositing the minimum capital amount mandated by the authorities in the bank account
  • Completing business registration and licensing process
  • Completing business setup formalities by getting an individual shareholder, corporate shareholder, or both to sign the company formation documents in the presence of free zone authorities.

Procedure to Get a Sharjah Free Zone License

Companies established in free zones are governed by the rules of respective free zones. To get the necessary approval you need to have valid documents. The list varies by type of business activity. Below is the general guideline for steps and documents needed to get your business license in Sharjah free zone.

1. Initial approval of Sharjah Free Zone License

You need to provide the following documents to get the initial approval-

 

  • Completed application form

  • Business plan

  • Copy of existing trade license/registration certificate (if you are an existing company, applicable to the local company only)

  • Colored passport copies of the company’s shareholders and the appointed Manager/Director for the new company

  • Specimen signature of the company’s shareholders and the appointed Manager/Director for the new company

  • 2 years audited financial reports for a corporate entity or certificate of reference from a personal bank of the individual shareholder

  • NOC from the current sponsor (for individuals)

  • Unit title deed

  • Letter of Intent

  • Registry Identification Code Form (RIC) for Manager/Director (Original and notarized)

2. Registration Sharjah Free Zone License

After you get initial approval, the next step is to pay the necessary fees and register your business. The fee depends on the type of business license you require. The documents are as follows:

  • Completed application for registration

  • Board Resolution appointing Manager/Director (Notarized and attested)

  • Power of Attorney given to Manager/Director (Notarized and attested)

  • Memorandum and Articles of Association (Notarized and attested)

  • Specimen signature of Manager/Director (Notarized and attested)

  • Passport-size photo of Manager/Director against a white background

  • Share capital information

3. Licensing and Visa Process

Under this process:

 

  • Lease agreements will be prepared by the authority

  • Then the trade license will be issued

  • Visa processing will start

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Business setup in UAE

Why Set Up a Business in Sharjah Free Zone?

Liberal economic policies and legal framework, cosmopolitan culture, and business-friendly company laws of Sharjah attract commercial companies and industries to avail investment opportunities in the Emirates. Sharjah Free Zone company formation boasts of unmatched investor incentives and facilities from the UAE government.

When compared to the other free zones in the UAE, the Sharjah Free Zone company setup cost is reasonably moderate and works as the most cost-effective choice. The free zones also offer affordable land and labor as well as incentives to small and medium-sized enterprises. They have highly developed infrastructure compared to the rest and 24-hour licensing services to enable quick business set up for individuals. Additionally, there are fewer accounting and auditing requirements, a relief for companies setting up business in the Sharjah Free Zone. There are many such incentives for starting a business in Sharjah.

Contact us for a Sharjah Free Zone License

We at BCM Corporate Services LLC, extend our quality services to our clients with well-experienced & qualified Business consultants with rich expertise in document attestation Services in Dubai so the Sharjah Free Zone License is the client’s requirements of Business setup in Dubai. can be completed on time with satisfactory Results outcome. Please feel free to reach us for your Business setup and  Bookkeeping and Accounting Firms in Dubai requirements at our email id: info@branches.ae or call us at +971502585921

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