Business Setup in Sharjah
Sharjah is becoming popular for entrepreneurs and investors due to its strategic location, business-friendly environment, and incentives from the authorities.
Sharjah Company Formation Features :
- Seamless Company Formation
- PRO Service
- Free Consultation from Experts
- 24*7 Support
Company Formation in Sharjah
Entrepreneurs select Sharjah to start a business or set up a branch office. Sharjah has developed into one of the most promising business locations in the UAE. Sharjah provides access to both the international airport and a seaport.
The Emirate has rules and regulations that are beneficial to investors. Investors find it easy to start a business in Sharjah.
Choose a Business Entities for Your Company Setup in Sharjah
The Emirate offers two primary options for business setup: Sharjah Mainland and Sharjah Free Zones.
Mainland
A company can establish a company in Sharjah mainland, which includes regions designated by UAE government agencies for commercial purposes. It consists of one of the Emirate's most economically advanced areas with regulated statutory practices.
Free Zone
Sharjah Free Zone Company is an ideal option when compared with other free zones in the UAE. The Emirates government has provided incentives and facilities for this company's development.
Business Structures in Sharjah
The investors must choose a legal structure that meets the business requirements. In Sharjah, the following types of businesses can be formed, depending on the number of shareholders:
Limited Liability Company
A Limited Liability Corporation (LLC) can have a minimum of two shareholders and a maximum of 50. The maximum amount a shareholder may owe the company is equal to the value of their capital share.
From June 2021, the government has made a provision for ex-pats to establish an LLC in Sharjah with 100% foreign ownership in specific sectors.
Partnership Company
Two or more shareholders form a partnership corporation. The shareholders are jointly responsible for the firm's debts based on the number of shares they own. A partnership corporation setup cannot be started by foreign investors, unlike an LLC.
Citizens of the UAE represent each of the stakeholders.
Sole Proprietorship
A Local Service Agent (LSA) Corporation is a sole proprietorship with a single owner. To launch a business with just one owner, foreign business owners must select an LSA who is a citizen of the UAE.
The owner is a citizen of the UAE or a member of the Gulf Cooperation Council (GCC). The LSA requirement does not apply.
Public/ Private Shareholding Company
A shareholding corporation divides its share capital into equal-valued tradeable shares. Each business partner is only partially liable for the value of their respective shares. For a private shareholding corporation in Sharjah, the rules that apply to public joint stock companies apply. The initial members of the corporation are those who sign the memorandum and articles of association.
Branch Company
Companies that have already registered may incorporate their branches on the Sharjah mainland. Companies from the GCC, the UAE, and other countries are all permitted to establish branches in Sharjah mainland.
The License Types in Sharjah
An investor can select the following License type as per business requirements:
- Industrial License
- Commercial License
- Professional License
Benefits of a Sharjah Business License
Business Formation in Sharjah provides access to the following significant advantages:
- Sharjah has around 19 industrial districts, which produce 49% of the UAE's industrial production.
- Tax Incentives: No corporate or personal income tax in free zones.
- Superior infrastructure
- 100% Foreign Ownership
- Streamlined Process
- A wide range of business activities is permitted without significant restrictions.
- Sponsoring a dependent's residency visa is easy
- Bank Account Opening assistance
The Process for Company Setup in Sharjah
To start a business in Sharjah, we should follow the steps below.
Select the business activity based on the nature of your business to identify the appropriate license type and a suitable location.
The second step is to choose a suitable corporate structure that would fulfil the business requirement. Select a trade name that is unique and available with the authorities.
We need to submit the necessary documents to the concerned authorities for business approval.
You might be required to obtain some special approvals depending on your business activity.
Pay the business setup cost in Sharjah to get your company license so you can start your business operations.
Apply for visas for yourself and any employees you are planning to hire.
Open a business bank account, which is necessary for managing business finances and company operations.
Documents Required to Set Up Business in Sharjah
- Certified copy of the tenancy contract
- Memorandum of Association (MOA)
- Certificate of No-Objection letter, visa, passport, and residency proof photocopies
- Trade name certificate
- Passport copies
- Approvals from other government entities (if applicable)
- Approval from the Ministry of Economy
- Partnership contract certified by a public notary
What our clients say
Thanks to Gryffin Capitalist, starting my business in the UAE was smooth and efficient. They offered advice on company formation and licensing and assisted in opening a bank account.
Starting a business in the UAE seemed complicated, but Gryffin Capitalist made it seamless. The team is very knowledgeable, professional, and responsive.
I had a great experience registering my company in the UAE with Gryffin Capitalist. The Gryffin Capitalist team assisted in selecting the right Emirate to complete all legal steps.
Why Choose Gryffin Capitalist?
We provide customised company setup services in the United Arab Emirates. We will thoroughly understand your business requirements, and our Business Setup Consultants in Sharjah will provide tailored solutions.
We will assist you throughout the company formation process. We will provide the necessary advice and guidance to complete the company setup process in Sharjah. Reach out to us now to discuss your company setup in UAE. We can assist you with opening a bank account in UAE to ensure the seamless operation of your company.
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Popular Links for UAE Location
Important articles entrepreneurs should read and have clarity before deciding the company structure, business activity and business setup locations.
Frequently Asked Questions (FAQs)
You can start an LLC company with 100 percent ownership.
The most prevalent form of business entity is a limited liability company.
The Sharjah firm must have a minimum of one director. The director does not need to reside in the Emirate.
Starting a business in Sharjah has certain benefits, such as Tax-free status, Adequate regulations, and cutting-edge infrastructure. The government offers storage facilities. An environment that promotes growth in a rapidly rising economy will be helpful for the expansion of your company.
To register a business in Sharjah, we must follow the below steps:
• Choosing a trading name at the Sharjah Department of Economic Development,
• Register your firm and get a business trade license
• Register your staff on an establishment card, which we can obtain from the Ministry of Labor.
Sharjah has six free zones:
• Sharjah International Airport Free Zone
• Hamriyah Free Zone
• U.S.A. Regional Trade Center
• Sharjah Publishing City Free Zone
• Sharjah Media City Free Zone
• Sharjah Research Technology and Innovation Park Free Zone
Some of the business opportunities in Sharjah include the following: Healthcare Travel and Leisure Transport and Logistics Environment.
The paperwork required to establish a business in Sharjah depends on the industry and where you want to do business. You need to submit the following:
• Complete request form
• Passport document for potential owners or shareholders
• Two color passport photos on a white background.
A board of directors should consist of no more than fifteen members. They should serve three-year terms and will be managing the company.
