Setting up your dream company in Sharjah Emirates
Sharjah is a growing business hub of the Middle East with a significant share of GDP coming from trade and commerce activities. Business Setup in Sharjah is initiated in two main business jurisdictions i.e. the Mainland and the Free Trade Zones. There is an immense demand for company setup in Sharjah due to the favorable business environment, lower rental charges, location of the ports, availability of a wide range of warehouse options, etc.
There are multiple business activities available to set up a company in Sharjah. The main category of business licenses in Sharjah is Trading License, General Trading License, Industrial/manufacturing License, and Services License. Under each of these trade license categories, there are various business activities for the investors to choose for their company.
Business Setup in Sharjah comes with numerous benefits for the investors. They can facilitate trade operations and offer services by setting up a company in Sharjah at an affordable rate and gain many advantages such as the following:
Mainland Company Setup in Sharjah is one of the most popular options among investors to obtain a trade license for their selected business activity. In Sharjah, the mainland company license is issued by the Sharjah Economic Development Department (SEDD). The most in-demand business license categories for Sharjah Mainland Company Setup are Trading, General Trading, and industrial license.
Mainland Companies in Sharjah offer more flexibility to investors for trading their goods in the local UAE Market. There is a wide range of office facilities available starting from a virtual office to fully-furnished spaces in Sharjah for investors to easily start their business.
To set up a Company in the mainland of Sharjah, the investors must follow certain steps. The Sharjah Economic Development Department will issue the trade license for the company after reviewing the application submitted by the investor.
Following are the steps to follow for obtaining the Trade license and opening a new company in the Mainland of Sharjah.
There are a few documents required for setting up a company in Sharjah. All the documents must be submitted to the Sharjah Economic Development Department for review to obtain the trade license.
Passport copy and Photograph of all shareholders (NOC letter of sponsor in case the shareholder has a UAE resident visa)
For companies that are operating in UAE as a whole, there are certain compliance requirements to follow. Hence, companies operating in Sharjah must also be in line with the UAE’s compliance laws.
The companies must be well aware of the regulatory requirements of keeping the company financials, shareholder information, and other financial data clean to comply with the Ultimate Beneficial Ownership (UBO), Economic Substance Regulations (ESR), Anti-Money Laundering, etc.
Free Zone Company Setup is another popular option when it comes to starting a business in Sharjah. There are about 5 Free Trade Zones in the Emirate of Sharjah. Among these Free Zones Sharjah Airport Free Zone being one of the best Free Trade Zone for Trading goods.
The Free Trade Zones in Sharjah offer multiple business license categories and numerous business activities under each of the trade license categories. Similarly, the Free Zones offer a wide range of company setup packages for investors.
The Free Zones have a relatively straightforward company setup process than in the mainland. It is easy to register and start operating the business in the Free Zone as it has minimal documentation, almost instant license issuance, and ready to occupy office & warehouse spaces.
The Expert Business Consultants at AURION will walk you through the process of company setup in Sharjah Mainland and Free Zone without any hassle. Depending on your specific business requirement, budget, hiring plan, and business growth plan, the right choice for company setup will be advised by our Business Consultants.
Connect with us right away to know more about the process of obtaining a Trade license and setting up a company in the Emirate of Sharjah in the most cost-effective way.
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