Sharjah Research, Technology & Innovation Park
- Company Formation in SRTI
Sharjah Research, Technology & Innovation Park (SRTI Park)
The Sharjah Research, Technology, and Innovation (SRTIP) Park have opened its doors to the investors and the public in the Emirates of Sharjah.
SRTIP, an initiative of the American University of Sharjah Enterprises (AUSE) was established in 2016 by a royal decree of His Highness Sheikh Dr. Sultan bin Muhammad Al Qasimi, Ruler of Sharjah and a member of the Supreme Council of the UAE.
The Sharjah Research, Technology and Innovation (SRTI) Park is a Free Trade Zone near to the University City of Sharjah. It is one of the newest Freezone of UAE and is focused on promoting academics, research, & innovation in the region.
Who is the Sharjah Research, Technology & Innovation Park (SRTI Park) best-fit for?
The SRTI Park aims at including academics, industry experience, and government support to encourage the environment of innovation, research & development.
Phase 1 of the park consist of 3 interlinked buildings of more than 60,000 square feet. It includes the park’s headquarters, laboratories, and innovation centers, and will host a mix of Startups, SMEs & Anchor companies that focus on research, development, and innovation.
The SRTI park is specifically focused on businesses that will invest their resources in water technology, renewable energy, environmental technology, digitization, industrial design 4.0, and mobility & smart cities.
The park consists of world-class infrastructure that fosters an environment of creativity and innovation. The park consists of all infrastructure and supporting services for promoting research, development, & innovation in the region.
What is the Business Licensing process in the Sharjah Research, Technology & Innovation Park (SRTIP)?
The Business Setup Process in SRTIP is very simple. It follows a 3 Step Process as below:
- Submit Application and Company Documents
- Obtain Approvals and Make Payment
- Receive the License and Registration Documents
Benefits for the Investors
- 100% Foreign Ownership
- Cost-effective Licensing and Leasing Space
- 100% Exemption from Corporate and Personal Income Taxes
- Access to a pool of talented professionals and students from Universities in the UAE
- 0% Import/Export Tariffs
- Accessibility to Local, Regional and International Markets
- Freedom to Repatriate Capital and Profits
- Quick and Easy Business Setup
Facilities Offered by the Sharjah Research, Technology & Innovation Park (SRTIP)
SRTIP has various customizable office spaces of all businesses from Startups, SMEs and MNCs. It also has an option for flexidesks on the shared workspace, serviced executive offices and shell & core units.
There are dedicated laboratory facilities for various industrial and academic segments like technology, medical, chemical, etc. The SRTIP park also houses testing facilities for industries to conduct research and development.
Land and Retail Space
SRTIP has a large retail space for food and beverage service outlets. It has a shopping and recreational area for the staff, students, and visitors to spend leisure time.
Land leases are also available under the SRTIP Park for developers to build offices, labs, schools, retail outlets, testing grounds, research and development facilities.
The SRTIP Park has large innovation centers that can be used as Incubators, Accelerators as a joint venture with the Park authority. They also have an office area with meeting rooms, conference halls, informal meeting zones, and office accommodation all meeting international standards. Stay tuned for more updates on the Sharjah Research, Technology & Innovation Park (SRTIP).
To know more about the business opportunities in the Sharjah Research, Technology & Innovation Park (SRTIP), reach out to our Business Consultants right away!