Sharjah Free zones

Known to be one of the most affordable emirates for living and one of the most vibrant cities that encourages art, education and culture Sharjah is one of the top choices for investors to set up their business. Compared to the other emirates in the country, business set up and license costs are moderately low and have fewer accounting and auditing requirements. Land and labor costs are also very affordable.

Sharjah is known as the industrial base of the country with great shipping sectors. But now with a proactive outlook to all legal businesses, Sharjah has many opportunities for ambitious owners to grow their companies to success.

Types of licenses available in Sharjah Free Zone

Commercial License: This license is for companies engaging in trading, buying and selling goods. Car rentals, real estate etc can be classified under commercial license.
Trading License: Businesses performing industrial and manufacturing activities must procure this license. Businesses must have a physical office in the country get the license.
Professional License: Any business providing services such as consultancies, law firms, education institutes, arts and crafts etc must have this license.

Why set up a business in Sharjah Free Zone

Complete ownership of the business
No currency restrictions
Cheap office and accommodation rents
Completely free transfer of funds
No income or corporate taxes
Easy access to sea ports and the Sharjah International Airport
Low warehouse facility costs
Low labor costs

How to set up a business in Sharjah Free Zone

Documents for Initial approval

You must provide the following documents to get the initial approval

Completed application form
Business plan
Copy of existing trade license/registration certificate of existing company (only for local companies) Company shareholders and the appointed Manager/Director for the new company must provide colored passport copies
Specimen signature of the company's shareholders and the appointed Manager/Director
2 years audited financial reports for a corporate entity or certificate of reference from a personal bank of the individual shareholder
NOC from the current sponsor (for individuals)
Unit title deed
Letter of Intent
Registry Identification Code Form (RIC) for Manager/Director (Original and notarized)

Registration

The next step is to register your business and pay the fees to get the license depending on your company type.

Licensing and Visa Process

The authority will prepare lease agreements. The business license will be issues and visa process will start. Investor or owner will be able to run the business after this process.

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