SHARJAH BUSINESS SETUP
Looking to set up a Sharjah Business Setup?
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Introduction Sharjah business setup
Sharjah is the third largest emirate in the UAE and one of the most diversified economies in the region. The emirate has a population of over 1.4 million and is home to a thriving business community. The government of Sharjah has been proactive in creating a conducive environment for businesses to thrive, and as a result, Sharjah has become a hub for startups and SMEs.
Why Set Up a Business in Sharjah?
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Strategic location: Sharjah is located on the east coast of the UAE, making it an ideal location for businesses looking to access markets in the Middle East, Africa, and Asia.
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Diversified economy: Sharjah has a well-diversified economy, with a focus on manufacturing, logistics, and services. This makes it an attractive location for businesses in these sectors.
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Supportive government policies: The government of Sharjah has implemented several initiatives to support businesses, including tax exemptions, low business setup costs, and streamlined procedures.
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Sharjah Business Setup: Step by Step Guide
Setting up a business in Sharjah involves several steps, including:
Step 1: Determine the Type of Business
The first step in Sharjah business setup is to determine the type of business you want to set up. There are several business structures to choose from, including:
- Limited Liability Company (LLC)
- Free Zone Company
- Branch Office
- Representative Office
Step 2: Choose a Business Name
Once you have determined the type of business, the next step is to choose a name for your company. The name should comply with the guidelines set by the Department of Economic Development (DED) in Sharjah.
Step 3: Obtain Initial Approval
After choosing a name, you need to obtain initial approval from the DED. This involves submitting the necessary documents, including a copy of your passport, visa, and business plan.
Step 4: Rent an Office Space
To obtain a trade license in Sharjah, you need to have a physical office space. You can either rent an office space or opt for a flexi-desk facility.
Step 5: Obtain Final Approval
Once you have rented an office space, you can apply for final approval from the DED. This involves submitting the necessary documents and paying the relevant fees.
Step 6: Obtain a Trade License
After obtaining final approval, you can obtain a trade license from the DED. The trade license is a legal document that allows you to conduct business in Sharjah.
Sharjah Business Setup: FAQs
What are the documents required for the Sharjah business setup?
To set up a business in Sharjah, you need to submit the following documents:
- Copy of passport and visa
- Business plan
- No-Objection Certificate (NOC) from your sponsor (for expats)
- Tenancy contract or Ejari
What is the cost of the Sharjah business setup?
The cost of Sharjah business setup depends on several factors, including the type of business, office space, and visa requirements. However, the cost is generally lower compared to other emirates in the UAE.
What are the benefits of setting up a business in a free zone in Sharjah?
Free zones in Sharjah offer several benefits, including 100% foreign ownership, zero taxes, and customs duty exemptions. Free zone companies also benefit from simplified regulations and procedures, making it easier to set up and operate a business.
Can I operate my business from a virtual office in Sharjah?
No, to obtain a trade license in Sharjah, you need to have a physical office space. However, you can opt for a flexi-desk facility, which provides you with a shared office space for a limited period.
How long does it take to set up a business in Sharjah?
The time taken to set up a business in Sharjah depends on several factors, including the type of business, the completeness of the documents submitted, and the approval process. On average, it takes around 10-15 working days to set up a business in Sharjah.
CONCLUSION
Sharjah is a thriving business hub in the UAE, with a supportive government, a diverse economy, and a strategic location. Setting up a business in Sharjah is a straightforward process, and with the right guidance, you can start your entrepreneurial journey in no time.
We hope this guide has provided you with all the information you need to get started on your Sharjah business setup. If you have any further questions, feel free to reach out to us.