Sharjah Research Technology and Innovation Park Free Zone (SRTIP)
The Sharjah Research Technology and Innovation Park Free Zone (SRTIP) was established in 2016 to develop and manage an innovative ecosystem that promotes research and development, enterprise activities, and collaboration between industry, government, and academia. Water management, renewable energy, environmental technology, transportation and logistics, digitalization, and smart manufacturing are the six research areas of SRTIP.
Business setup consultants in Sharjah can also help you with the licensing process. Continue reading to learn about the key advantages of registering a company with SRTIP free zone.
Benefits of setting up business in the SRTIP Free Zone
Cost-efficient business setup
Affordable leasing and licensing options
Access to a skilled and professional team
Opportunity to start a business with the mainland and free zone companies.
Free from income tax
Wide opportunities for academia-industry partnership
Complete repatriation of capital and profits
Quick registration process
Free from import and export tariffs
Why Set up Your Business in the Sharjah RTI Park Free Zone?
Company formation in SRTIP significantly boosts your business ecosystem. Furthermore, it has the following advantages:
- Innovative ecosystem
SRTIP has a learning-focused environment that promotes better infrastructure and efficient services that support your success.
- More employment opportunities
The free zones provide better employment opportunities and lead to positive socio-economic development.
- Future investment
While investing in SRTIP gives you a better investment for the future. The public sectors are constantly growing and pave the way for socio-economic development with a consistent revenue system.
Popular Business Activities at SRTIP:
What are the facilities at SRTIP Free Zone?
UAE free zones offer modernized and captivating facilities for investors. When investors plan to start their venture in the free zone, they must check the best offers by comparing all the other zones. Since it’s an innovation center, the facilities often comply with the business standards and typically boost your business productivity. Some of the facilities include
- Maktabi Co-working space
Here, investors get a designated place to bring their laptops and start working. This co-working space is attractive, with a designated desk, meeting rooms, shared workspace, and three visa quotas per desk.
- Start-up office
The start-up office space is fully furnished with 16 square meters each, an ideal option for startup businesses in SRTIP park. The office has a private working area, desks, meeting rooms, and six visas per office.
- SME office
Here, investors can set up 20 to 27 sqm office spaces. These office spaces are fully furnished with a private working area, desks, meeting rooms, and eight visas per office.
- Ecosystem office
This allows investors to start their company at the SRTIP park with 50 to 80 sqm furnished office space. Here, you have the benefits like a well-furnished office, meeting rooms, ten visas per office, and a private working area.
- Innovation office
The innovation office targets investors who wish to lease the HQ open area. It has several benefits like a workspace based on client needs, visa quota as per client needs, meeting rooms, receptionist, and more.
- Hi-tech office
The business setup is optimal for start-ups in less than three years. The business owners get unlimited access to the innovation lounge, professional networking events, international markets, and more.
- Women in Innovation Hi-tech office
It is a complete subsidized package for women entrepreneurs who build businesses in the SRTIP-free zone. Some benefits include exclusive private areas for women, a quick business establishment, unlimited access to the innovation lounge, professional networking events, and more.
Visa /Entry permit Copy
Director/Shareholder passport photos
Additional documents depending upon business activity
How to set up a business in the SRTIP Free Zone?
Arrange all the required business documents and submit to the concerned government authorities.
After the necessary due diligence, get the trade license based on your business activity.
For licensed activities, please apply for the approval from the concerned Government authorities.
Why Choose Gryffin Capitalist?
Gryffin Capitalist is a renowned consulting firm that assists companies with establishing their operations in SRTIP and with the essential paperwork and legal requirements. If you have any queries regarding the same, do contact us.
Our offerings include anything from accounting and auditing services to help with banking and company incorporation. Businesses may examine changes in client preferences and contemporary competition and adjust their business models to take advantage of new opportunities thanks to our specialized industry experience, worldwide access, and creative business design processes.
Strong belief in long-term client relationships
Competitive Market Pricing
Efficient and Transparent Process
What our clients say
Very Prompt Service
"Gryffin Capitalist has assisted us with the opening of an offshore bank account without much hassles. I have faced issues with other companies regarding the required documents and process"
Seamless company Incorporation process
"I contacted Gryffin Capitalist to incorporate my company in the British Virgin Islands. The consultants were proactive in explaining the process and getting necessary documents in a single go thereby avoiding any resubmission and saving a lot of time."
Great Service by the team
"The team at Gryffin capitalist was very helpful in my company incorporation in the UAE. After the sales, the operations team was proactive and followed up regularly to get the company registered."
Yes, SRTIP is a unique location for startups to build their businesses in a supportive environment.
Sharjah is the first emirate in the United Arab Emirates to promote women's rights and provide women's education.
You should set up an office in SRTIP free zone because of the innovative ecosystem, more employment opportunities, and future investment.
It takes around 5-6 days to obtain a license in SRTIP.
The respective free zone authority issues license in STRIP.