Business Setup in Sharjah
Sharjah has become one of the most preferred locations for setting up a business in the UAE. Investors from across the world are marching into the emirate in the hope of establishing a business. It has become one of the fastest-growing emirates in UAE and has been luring investors to settle with its ideal location. Sharjah connects the major trading zones and is closer to Dubai and forms the Dubai-Sharjah-Ajman metropolitan area. The emirate has grown tremendously over the years and opens up new opportunities.
The jurisdictions for business setup in Sharjah are the free zones and the mainland. Both mainland and free zones now offer 100% ownership to foreign expatriates as per the amendment made to the Commercial Companies Law (CCL) in 2020. In the case of the mainland 100 percent ownership is offered to some specific categories, provided certain conditions are met.
There are a few notable free zones in Sharjah which have been grabbing global attention over the years.
- SAIF Zone:
Sharjah Airport International Free Zone’s proximity to the air and seaports to the Gulf of Oman and Arabian Gulf makes it the best option for business dealing with aviation, airport, and other related infrastructure. Dealers of perishable goods often prefer the SAIF zone for their business operations.
- Hamriyah Free Zone:
The Hamriyah free zone is located at the intersection of three continents, making it the second-largest industrial free zone in the country. Hamriyah free zone is home to over 6500 businesses from almost 163 countries. It offers world-class infrastructure and has 15 on-site key businesses including banks and auditing firms and many more.
- Sharjah Media City:
Sharjah Media City, popularly known as the Shams Free Zone was established in January 2017, and it focuses on the growth of media and creative business. Offering over 200 business activities, Shams is a media and digital hub which offers innovative facilities.
Mainland company formation in Sharjah
In addition to the free zone companies, Sharjah also opens up for mainland businesses. With the new law intact, more and more investors have been rushing into the emirate, to set up their mainland business in Sharjah. There are numerous types of companies that can be set up in the mainland of Sharjah:
- Limited Liability Company (LLC)
- Joint Venture
- Public and Private Joint Stock Company
- Civil Company
- Branch of a local or GCC company
- Branch of a foreign or free zone company
- Sole Establishment
Step by step guide to mainland business setup in Sharjah
- Determine the type of business you wish to undertake
- Get the initial approvals, include name approval
- Approval from external authorities, if required
- Preparation and legalization of Memorandum of Association (MOA)
- Approval of lease agreement
- Apply for final registration and licensing of companies
Business Consultants in Sharjah
Being the third most populous city in the country, Sharjah has been witnessing the rush of investors looking for investment opportunities in the emirate. People often wonder about the need for business consultants in setting up a business. The business incorporation process is a hideous task and without the proper guidance, one could lose track and suffer. A business consultant is an experienced professional, who will guide you throughout the process and will ease up the task for you. They will even help you in choosing the right business option for you. Business consultants, with their expertise in the industry, will help you in preparing the documents required, get the approvals from the concerned departments, obtaining a trade license, and even getting the visa for your employees if necessary.
These are the steps to setting up a business in Sharjah. For a free zone, the trade license is issued by the free zone authority and not the DED. The process may sound easy but it requires a lot of paperwork. Approaching a business consultant to complete the process will ease up your job.
Why Jumeira Consultants?
With our experience of over a decade in offering business setup services, we ensure to provide our clients with top-notch services. Jumeira Consultants has been ranked as one of the leading business consultancy service providers in Sharjah. We dedicate ourselves to assist our clients in every possible manner. Having worked in the industry for almost 15 years, we have been able to keep our relationships with our clients and ministerial agencies alive. Jumeira Consultants, accommodate ourselves to the needs of our clients and offer them with best services available. We will help in building your dreams and ensure to provide our assistance in the future as well. In addition to business consultancy and business setup services, we offer services in obtaining tax residency certificates and trade licenses.