In recent years, Sharjah, one of the seven emirates in the United Arab Emirates (UAE), has emerged as a promising destination for entrepreneurs looking to establish their business ventures. Boasting a strategic location, a business-friendly environment, and a thriving economy, Sharjah offers abundant opportunities for investors across various sectors. If you're considering tapping into this profitable market, this comprehensive guide will walk you through setting up your business in Sharjah.
Let Dhanguard guide you through the difficulties of setting up your company in Sharjah. Our expertise and experience ensure a smooth and efficient process for your company formation needs.
Before diving into the procedure of business set up companies in sharjah, it's essential to grasp the business landscape. As the third-largest Emirate in the UAE, Sharjah is renowned for its diverse economy, which spans sectors such as manufacturing, trading, tourism, logistics, and more. With its strategic location connecting the East and West, Sharjah emerges as a compelling option for establishing a business in the UAE, closely trailing Dubai in popularity for several reasons. The Emirate boasts easy accessibility via its International Airport and proximity to critical ports on the Arabian Gulf's west and east coasts. This strategic location provides direct links to North Africa and the Indian Ocean, opening up many opportunities and visibility for entrepreneurs.
However, Sharjah's appeal extends beyond its strategic position. It is renowned for being one of the safest global cities, boasting an exceptionally low crime rate. Moreover, its business fee structure and economic policies are liberal, offering competitive property lease rates. Additionally, entrepreneurs are drawn to the availability of a highly skilled and qualified workforce ready to contribute to the success of businesses established in Sharjah Mainland.
Setting up your business in Sharjah offers numerous advantages, including:
Strategic Location: At the crossroads of global trade routes, Sharjah provides easy access to regional and international markets.
Tax Incentives: Free zones in Sharjah offer tax exemptions, and 100% repatriation of profits, enhancing the overall profitability of businesses.
Infrastructure and Connectivity: The Emirate boasts world-class infrastructure, modern amenities, and advanced telecommunications networks, fostering business growth and development.
Stable Political Environment: Sharjah offers a stable, investor-friendly political environment backed by robust regulatory frameworks and government support.
Skilled Workforce: With a well-educated and diverse workforce, business setup in Sharjah provides businesses with access to skilled professionals across various industries.
The first step in company setup in sharjah involves selecting the appropriate legal structure. Entrepreneurs can choose from various options, including:
Limited Liability Company (LLC): The most common business structure in the UAE, an LLC allows foreign investors to hold up to 100% of ownership.
Free Zone Establishment (FZE) or Free Zone Company (FZC): Operating within one of Sharjah's many free zones offers full ownership to foreign investors, along with various incentives such as tax exemptions, 100% repatriation of profits, and simplified customs procedures.
Branch Office: Foreign companies can establish a branch office in Sharjah to conduct business activities, subject to obtaining the necessary licenses and approvals.
Securing a business license is a crucial step in the company formation process in Sharjah. The type of license obtained defines the nature of your business activities, aligning with UAE regulations. Sharjah offers three distinct license categories to accommodate diverse business activities:
Businesses involved in manufacturing, processing, packaging, assembly, or fabrication necessitate an industrial license.
For enterprises engaged in trading activities, acquiring a commercial license is imperative. This license encompasses a wide array of trading ventures, including retail shops, car rental services, and tourism enterprises. Companies operating in these sectors must obtain a commercial license for Sharjah company formation .
Service-oriented businesses, ranging from carpentry to medical services, fall under the professional license category. This license is essential for individuals or entities offering services such as beauty salons, accounting, consulting, event management, and more. Securing a professional license is a prerequisite for engaging in these service-oriented activities.
To obtain a business license in Sharjah, we will submit your necessary documents, including passport copies, business plans, lease agreements, and other relevant paperwork, to the Sharjah Economic Development Department (SEDD) or the respective free zone authority.
The essential documents needed for company formation in Sharjah include:
Trade name registration verification
Business activities verification
Copies of passports for shareholders and managers
Personal information of shareholders and managers
Details of the lease agreement
Approval from legal affairs and the Ministry of Economy
If you're considering establishing your company in Sharjah or seeking information on the expenses associated with obtaining a general trading license in Sharjah, contact Dhanguard. We're here to assist you in realizing your entrepreneurial aspirations.
The starting cost may start from 15000 AED*. Costs vary depending on the type of business entity, business activity, required facilities, and other factors.
Business Setup in Sharjah offers investors significant advantages, including 100% ownership, a strategic location, and top-notch infrastructure. While the company formation process is generally straightforward, new entrepreneurs may encounter various hurdles along the way. Engaging business setup services in Sharjah becomes essential for tasks such as selecting business activities, obtaining special approvals, and applying for residency visas.
Partnering with esteemed business setup consultants like Dhanguard can help entrepreneurs overcome these challenges. Dhanguard stands as a premier provider of business setup services in Sharjah and across the UAE. With highly qualified consultants, Dhanguard offers tailored advice to facilitate a smooth setup process.
From handling PRO services to facilitating bank account openings, we assist investors comprehensively.
Consult with Dhanguard to ensure your business idea receives the proper guidance and support from inception to execution.
Sharjah offers various business structures including LLCs (Limited Liability Companies), free zone companies, and branches of foreign companies.
Sharjah's free zones provide 100% foreign ownership, tax exemptions, repatriation of profits, modern infrastructure, and streamlined administrative processes.
Requirements for a trade license in Sharjah typically include a completed application form, passport copies of shareholders, a business plan, lease agreement for office space, and relevant fees. Connect with Dhanguard to get your license today.
Sharjah has a diverse economy with thriving sectors such as manufacturing, tourism, logistics, healthcare, education, and real estate.
The typical steps include:
Selecting a free zone.
Choosing a business activity.
Applying for a trade license.
Obtaining necessary approvals.
Opening a corporate bank account.
Dhanguard will guide you throughout the process of company formation in Sharjah
Costs vary depending on the type of business entity, and business activities. Generally, expenses include license fees, visa costs, office rent, and government approvals.