Business Setup In Sharjah

Sharjah is the economical alternative to Dubai to set up a business in the proximity of International Airport and ports of East and West coast of Arabian Gulf.

Sharjah has been the safest global city with an enormous economic energy supply. Judicial system of Sharjah is fair, the economy is liberal with property lease rates and competitive fee structures.

Company Incorporation In Sharjah

Sharjah has a growing economic expansion and rewarding industrial destinations to bring foreign investment.

The Government of Sharjah knows the significance of service, trade and manufacturing sectors to support the country’s economy. They have devised policies to promote foreign investments.

Flexible government schemes play an essential role to gain global investors. They’re speedy and have continued to be an economic majority in the Emirate.

The business growth trend of Sharjah is precise and is maintained with world economic ties that have friendly trading connections with various nations of the world.

There is a pathway to set up a business in Sharjah that builds customer relations, long-term contracts and get continuous trade orders in the U.A.E.

Sharjah has no income or corporate tax, hence its a tax haven. They have a modern legal framework and zero foreign exchange controls, quotas or trade barriers. They get sundry incentives by the Government of Sharjah as investors.

Sharjah has a complete international company ownership. They are exempted for import, export taxes and other commercial levies. They’ve 100% repatriation of capital and profits.

Sharjah gets provision for warehousing facilities and investors could store goods for 2 months for free. Multiple foreign and local banks are present with an advanced communication system.

Business Jurisdictions In Sharjah

Launched in the year of 2009, Shurooq – Sharjah Investment and Development Authority is an autonomous government body that focuses on Development, Asset and Property Management and Investments in Emirates.

They look over the economic, social, cultural and environmental development of Sharjah, being in line with Islamic values.

Expatriates can choose from two criteria for business jurisdictions in Sharjah like Free Zone or Mainland.

• Free Zone in Sharjah International Airport (SAIF Zone)

Founded in 1885 at the Emirate of Sharjah, SAIF Zone is UAE’s industrial powerhouse and one of the premier business destinations.

More than 4,500 companies like Professional firms, Industrial and Commercial companies are housed by SAIF-Zone across 91 countries.

• USA Regional Trade Center (USARTC)

Founded in 2011 as Sharjah’s objective to be a hub for foreign trade and be the investment-driven economy.

USARTC provides small and medium sized Enterprises to commercially improve and trade in the North Africa and Middle East region.

They help S.M.Es to enter the market and make their presence in the United Arab Emirates.

• Hamriyah Free Zone

It can enable foreign nationals with 100% business ownership and set up the business in the tax-free climate with repatriation of profits and capitals, also commercial tax exemptions.

Based on the shareholding, two kinds of companies can be set up at Hamriyah Free Zone.

Free Zone Establishment – They have a single shareholder for limited liability company setup.

Free Zone Company – They have comparable shareholders for limited liability companies to set up a business with multiple shareholders of 5 or less.

• Sharjah Publishing City

They have an exclusive free zone for publishing and printing. Sharjah Publishing City has the unique free zone with attractive targets for book lovers and publishers. They cover a landscape of 400,000 sq.metres with office space facilities and warehousing for company owners.

• Sharjah Media City

They have a free zone known as Shams Sharjah Media City. It was launched in January 2017 to be the world-class hub for the creativity and media sector.

• Sharjah Research Technology & Innovation Park

This free zone is associated with government, private business and educational institutes. It bridges the gap of marketplace and ideas. They have an atmosphere for modernization and creativity by high-tech services and top-notch infrastructure.

• Mainland Company Sharjah

Businesses can choose the mainland for covering the geographical regions of U.A.E. They have developed economic regions of Sharjah that have regularized statutory policies. We can help you set up your business with legal formalities in the mainland.

Originally posted 2021-12-16 09:14:04.