Office Address

Unit No 505, Lakeside Tower C International Media Production Zone, Dubai UAE

Phone Number

+91 993 144 9302 (India)
+971 50 390 4557

Email Address

info@dubaicorporates.com
support@dubaicorporates.com

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Dubai Corporates helps you in starting your dream business in Sharjah Free Zone

Business Setup in Sharjah Free Zone

Sharjah, one of the seven emirates of the United Arab Emirates (UAE), is renowned for its vibrant business environment and strategic location. Among its many attractions for entrepreneurs and investors are the various free zones it hosts. Setting up a business in Sharjah Free Zones offers numerous advantages and opportunities for growth. In this article, we’ll explore the ins and outs of establishing a business in these free zones, covering everything from the benefits to the practical steps involved.

Why setup a company in Sharjah Free Zones ?

Advantages of Setting Up a Business in Sharjah Free Zones

Setting up a business in Ras Al Khaimah Free Zone offers numerous advantages, including a favorable tax environment, strategic location, and streamlined company formation process.

  • Tax Benefits

    One of the primary advantages of establishing a business in Sharjah Free Zones is the favorable tax environment. Companies operating within these zones are often exempt from corporate and personal income taxes for a certain period, providing significant savings for businesses.

  • 100% Foreign Ownership

    Unlike in mainland UAE, where foreign ownership restrictions apply to certain sectors, businesses registered in Sharjah Free Zones can enjoy full ownership by foreign investors. This autonomy empowers entrepreneurs to retain complete control over their ventures without the need for local sponsors.

  • Strategic Location

    Sharjah's strategic location between Europe, Asia, and Africa makes it an ideal hub for international trade and commerce. Businesses operating in the free zones benefit from easy access to key markets, facilitating efficient supply chain management and distribution networks.

  • Infrastructure and Facilities

    Sharjah Free Zones boast state-of-the-art infrastructure and world-class facilities tailored to the needs of various industries. From modern office spaces to specialized warehouses and manufacturing facilities, these zones provide the necessary infrastructure for businesses to thrive.

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Of Experience In Company Formation And Corporate Services in Dubai

Procedure for Setting Up a Business in Sharjah Free Zone

Process of Establishing a Business in Sharjah Free Zones

Setting up a business in Sharjah Free Zones involves several key steps, outlined below:

The initial phase involves conducting thorough research and pinpointing the optimal free zone tailored to your specific business operations, industry niche, and individual needs.Each free zone may have specific regulations, incentives, and facilities tailored to different sectors.

Once you've chosen a free zone, you'll need to determine the type of license that best suits your business activities. Licenses are issued based on the nature of the business, such as trading, manufacturing, or services.

The company registration process typically involves submitting the necessary documents, such as passport copies, business plans, and lease agreements, to the relevant authorities within the chosen free zone. Upon approval, the company is officially registered and issued a license.

Depending on the nature of your business, you may need to obtain additional approvals or permits from regulatory bodies or government agencies. These approvals could relate to specific activities, such as importing/exporting goods or operating within certain industries.

Once approved, proceed to obtain the required license for your business activity

Types of Companies Allowed in Sharjah Free Zones

There are different types of companies you can start in Sharjah Free Zone like :

  • Free Zone Establishment (FZE)

    An FZE is a limited liability company incorporated with a single shareholder. This type of company is ideal for individual entrepreneurs or small businesses looking to establish a presence in the free zones.

  • Free Zone Company (FZC)

    An FZC is similar to an FZE but allows for multiple shareholders, making it suitable for partnerships or joint ventures. This structure provides flexibility for businesses with more than one owner or investor.

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Legal Framework and Regulations

Understanding UAE laws and free zone regulations is crucial for legal compliance and business success in Sharjah

  • Company Laws

    Businesses operating in Sharjah Free Zones are subject to the laws and regulations of the UAE, as well as specific regulations outlined by the respective free zones. It's essential to familiarize yourself with the legal framework governing your business activities to ensure compliance and mitigate risks.

  • Employment Laws

    Employers in Sharjah Free Zones must adhere to UAE labor laws concerning recruitment, employment contracts, working hours, wages, and employee rights. Understanding these laws is crucial for maintaining a fair and legally compliant workforce.

  • Intellectual Property Protection

    Intellectual property rights are safeguarded in Sharjah Free Zones, with robust laws and enforcement mechanisms in place to protect trademarks, patents, copyrights, and other intellectual assets. Registering your intellectual property ensures exclusive rights and prevents infringement.

Dubai Corporates helps you in starting your dream business in Sharjah Free Zone

Cost of Setting Up a Business in Sharjah Free Zones

While setting up a business in Sharjah Free Zones offers numerous benefits, it’s essential to consider the associated costs:

License Fees

Each free zone imposes an initial registration fee and annual license renewal fees, which vary depending on the type of license and business activities.

Office Space Rent

The cost of leasing office space or commercial premises within the free zones varies based on factors such as location, size, and amenities.

Visa Costs

Employers are required to sponsor employee visas, which incur additional fees for application, processing, and renewal.

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Business Eng.

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Business Support Services in Sharjah by Dubai Corporates

In addition to the regulatory framework and infrastructure, Sharjah Free Zones offer various support services through Dubai Corporates to assist businesses:

  • Business Consultancy

    Professional consultancy services are available to guide entrepreneurs through the setup process, offering expertise in legal, financial, and operational matters.

  • Accounting and Auditing Services

    Qualified accounting firms provide bookkeeping, auditing, and financial advisory services to ensure compliance with regulatory requirements and optimize financial performance.

  • Visa Processing Assistance

    Specialized agencies facilitate visa processing and residency permits for business owners, employees, and their families, streamlining the immigration process.

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Frequently asked questions

Yes, foreign investors can fully own and operate businesses in Sharjah Free Zones without the need for local sponsorship.

While most business activities are permitted in the free zones, certain sectors may have specific regulations or licensing requirements.

The duration of the setup process can vary depending on various factors such as the type of business, the chosen free zone, and the completeness of documentation. However, in general, it usually takes between 2 to 4 weeks to complete the registration and obtain the necessary approvals.

When selecting a free zone for business setup in Sharjah, entrepreneurs should consider factors such as the proximity to key markets, industry-specific facilities and infrastructure, cost-effectiveness, regulatory environment, and available support services.

While businesses in Sharjah Free Zones have the flexibility to hire foreign nationals, they must adhere to UAE labor laws concerning recruitment, employment contracts, and visa sponsorship. Employers are typically required to obtain work permits and residency visas for their expatriate employees.

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