How to Set Up a Business in Sharjah Free Zone

How to Set Up a Business in Sharjah Free Zone

For anyone seeking to set up a business in Sharjah Free Zone, there is a complete change of luck on the cards. Given the following facts about Sharjah business setup: the advantageous geographical location, favourable conditions for business development, and a range of opportunities on the territory of the free zones.

One can conclude about the necessity and expediency of entering the market of this emirate for startups and existing businesses. We will highlight the basic facts about Sharjah as a business destination and provide step-by-step instructions on how to set up your Business Setup in Sharjah Free Zone.

Why Choose Sharjah Free Zone?

The establishment of the Sharjah Free Zone has many benefits for business, among which are the following.

These include:

● Tax Benefits: It is absolutely free of any form of corporate or personal taxation.

● Full Ownership: The stance on foreign investment also flirts with liberalization with 100 percent foreign ownership being permitted.

● Repatriation of Profits: Originally, the legislation provided for full repatriation of capital and profits; it entailed some conditions for those investments that were to be approved by the Parliament and was rather a signal of a shift in the official policy towards FDI.

● Strategic Location: Access to all the major markets requisite in the Middle East, Asia, and Africa.

● Efficient Processes: Ease of regulatory processes relating to the formation of business entities.

Types of Licenses Available

It will be wise to make sure that you have adequate knowledge of the different licenses that are available to you before establishing your business in the Sharjah Free Zone.

Here are the main categories:

● Trading License: Local businesses engage in the import, export and distribution of goods and, therefore, are in the best position to store, distribute and deliver the products.

● Service License: In particular, we will be looking at how the model applies to service providers that operate in the consulting, and information technology services.

● Industrial License: Specifically, the typology is intended for manufacturing and production organizations.

Sharjah Business Setup offers various business entity options. Regarding the license, establish the nature of the business to obtain one that best suits the business. This will affect the establishment of the regional offices and the relevant legislation you are supposed to adhere to.

Tips for a Smooth Business Setup

● Understand Legal Requirements: Ensure you understand all legal requirements and comply with local regulations.

● Seek Professional Assistance: Consider hiring a business setup consultant to guide you through the process and handle paperwork.

● Stay Informed: Keep up with any changes in regulations and policies within the free zone to remain compliant.