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How to Setting Up a Company in Sharjah Free Zone
Known for its robust economy and strategic geographical location, the United Arab Emirates (UAE) has become a preferred destination for entrepreneurs worldwide. Among its seven emirates, Sharjah holds a distinctive place with its thriving industrial sector and business-friendly policies. The emirate’s Free Zone areas, in particular, offer several attractive advantages to businesses, making it an ideal location to establish a company. In this blog, we will guide you on how to: Setting up a company in the Sharjah Free Zone, where licensing packages start from an accessible AED 6,500.
Before you venture into establishing a business, it is vital to understand the numerous benefits Sharjah Free Zone provides. These include 100% foreign ownership, 100% repatriation of capital and profits, and exemption from personal and corporate taxes. Furthermore, it also offers ready access to a skilled workforce, state-of-the-art infrastructure, and strategic proximity to seaports and airports, facilitating seamless logistics and trade.
- TABLE OF CONTENTS
How to Setting Up a Company in Sharjah Free Zone
Define Your Business Activity
The first essential step in your company’s formation journey is to determine your business undertaking. Whether it’s trading, consulting, media, IT, manufacturing, or any other commercial, professional, or industrial ventures, your chosen business activity will indicate the type of license you require.
Select Your Company Type
Next, you will need to determine the legal structure of your business. Options in Sharjah Free Zone typically include a Free Zone Establishment (FZE), Free Zone Company (FZC), or a branch of a foreign or local company. Your choice will depend on factors such as the number of shareholders, the nature of your business, and your future corporate goals.
Choose a Trade Name
Choosing a unique and relevant trade name for your company is vital as it represents your business’s identity. Ensure that the chosen name adheres to the trade name guidelines provided by the respective Free Zone authority.
Apply for a Business License
After finalizing your business activity and company name, it’s time to apply for a business license. The type of license will depend on your business activity – a Trading License for trading activities, a Service License for service-oriented businesses, and an Industrial License for manufacturing or industrial activities. Ensure to submit all the necessary documents, including passport copies of the shareholders and completed application forms.
Secure Your Office Space
Every company in the Free Zone is required to have a physical address. Depending on your business’s scale and requirements, you can opt for flexi-desk facilities, standalone offices, or sizable warehouses.
Complete Your Registration
Once the above steps are completed and the required fees are paid, your business license will be issued by the Free Zone authority, marking the successful registration of your company.
How Can Choose UAE Help
Embarking on the journey of setting up a company in the Sharjah Free Zone can seem challenging, but with the right guidance, the process can be smooth and rewarding. At Choose UAE, our team of experts can assist you at every step of your business formation journey – from choosing the right business activity and securing the license to finding the ideal office space. Our deep understanding of the UAE’s business landscape, coupled with our dedication to your success, ensures a seamless and hassle-free company setup process. Reach out to us today to kickstart your business venture in Sharjah Free Zone.
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