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Company Formation in Sharjah
Sharjah is only 20 minutes from Dubai, and public transportation makes it easy to get there. Sharjah has its own international airport and three seaports. It is also where one-third of all manufacturing in the United Arab Emirates takes place. Please contact us if you need help business setup in Sharjah.
Sharjah is a very popular place for business investors to go. For example, Air Arabia’s main hub is at Sharjah International Airport, so logistics companies that deal with airfreight usually head straight for the Sharjah Airport International Freezone (SAIF). The Hamriyah Free Zone is for people who do ocean cargo and/or sea freight. It has its own port.
Company Formation Experts in Sharjah
Jurisdiction of the Company
In UAE, a company can be set up in one of three places: the Mainland, the Free Zone, or the Offshore. The Department of Economic Development of each emirate is in charge of giving licences on the mainland. In Free Zones, the relevant Free Zone Authority will be in charge of licencing, and if there is offshore jurisdiction, the Offshore Authority will be in charge.
Mainland Company Formation
Limited Liability Companies (LLC) are one of the most popular form of commercial entities that entrepreneurs and corporate can establish in the UAE. We help you in End-to-End Business Setup in Sharjah
Free Zone Company Formation
Free zones are geographically demarcated areas within the UAE (even if most of them are not fenced or gated) permitting 100% foreign ownership and are in most cases, dedicated to a specific industry. Request multiple options
Off Shore Company Formation
UAE Offshore Company’s are any legal entity established with the purpose of making a profit, outside the country of residence is an offshore company. No physical office required for Off Shore Company in UAE.
What are the Types of Business Entities in Sharjah?
Business Structures for Company Formation in Sharjah
Establishing a business in Sharjah mainland or a freezone is advantageous for expats. The first step in starting a business in Sharjah is to decide what kind of business you want to run. Using this information, you could decide if you want your business to be a sole establishment, a legally limited partnership, a legally limited company, or a private limited company. Sometimes, one type of business structure is better than the others for a certain kind of business. For example, if you have a limited liability company, you can't offer banking, financial, or investment services.
Limited Liability Company (LLC)
This business needs 50 to 2 partners. It's the most popular among investors because the partner's responsibility is limited to the company's investment.
Partnership Company
This includes partnerships between two or more people, where each person is only responsible for their share of the company's debts.
Local Service Agent
Most of the time, one person runs this kind of business. And if the person doesn't have a UAE or GCC citizen, it must be backed by a UAE citizen who lives in the country.
Public/Private Shareholding
The share capital of a public shareholding company is split into equal parts that can be traded. A private company with shares must follow the same rules as a public company with shares.
Different types of license
Business licenses for Company Formation in Sharjah
Major licenses get issued to operate in Sharjah These licenses have business endeavors like
Professional License
Professional License is for firms undertaking service-oriented endeavours. It is needed for activities like consulting. The cost of professional license issuance is less.
001
Commercial License
Commercial License – is for business establishments undertaking selling and buying goods, services or trading. These licenses are common in the UAE
002
Industrial License
Its for Firms involving the manufacture of goods also for industries and factories. Get approval from government departments and external ministries for your industrial activity.
003
FAQ
Frequently Asked Questions
What types of companies can be formed in Sharjah?
Sharjah offers various business structures, such as LLCs, free zone entities, and branches, each with its specific requirements and benefits. Moreover, each type has specific requirements and benefits.
What are the benefits of setting up a business in Sharjah?
In Sharjah, you’ll find a strategic location, besides a business-friendly environment, tax exemptions, access to a skilled workforce, and a robust infrastructure. Additionally, these factors collectively contribute to its appeal for businesses seeking growth and success.
What is the minimum capital requirement for company formation in Sharjah?
The minimum capital requirement varies based on the type of company. Additionally, it may differ depending on the nature of the business or the industry. For instance, an LLC typically requires AED 150,000 while free zone companies might have no minimum capital requirement.
Are foreign investors allowed to fully own a company in Sharjah?
Moreover, in certain free zones, foreign investors can have 100% ownership. However, for mainland companies, a local sponsor or partner is often required.
What are the steps involved in company formation in Sharjah?
The process initiates by selecting a business activity; subsequently, the next step involves choosing a business structure. Subsequently, obtaining necessary approvals and licenses is crucial, leading to the registration of the company and, finally, opening a corporate bank account.
How long does it take to set up a company in Sharjah?
The timeframe commonly varies; however, this is contingent upon the type of business and the completeness of document submissions. Factors such as regulatory requirements and administrative processing efficiency also play significant roles in this variation. Generally, it takes between 2-4 weeks for free zone companies and longer for mainland establishments.
Are there specific industries or activities regulated more strictly in Sharjah?
Certain industries such as banking, finance, healthcare, and legal services have specific regulations and might require additional approvals or licenses.
What documents are needed to start a business in Sharjah?
Essential documents usually encompass passport copies, visa copies, a business plan, along with an NOC (No Objection Certificate), an MOA (Memorandum of Association), and a tenancy contract, among others. Additionally, these documents form the cornerstone of the application process. Moreover, these documents form the foundation for the company formation process in Sharjah.
Can I operate my business from outside Sharjah after its formation?
Yes, you can manage your Sharjah-based business from anywhere. However, some business types may require a physical presence or an office space.
Are there annual renewal requirements for companies in Sharjah?
Indeed, companies in Sharjah must renew their licenses on an annual basis. Moreover, ensuring compliance with regulations and prompt fees payment is crucial for the renewal process.
