business setup in Sharjah
Start your Business in Sharjah with the Help of TFZ
Sharjah is one of the rapidly growing places in the United Arab Emirates, with a quickly evolving economy. It attracts a wide range of new investors and entrepreneurs from around the world. Foreign investors can undoubtedly select Sharjah for business setup in Sharjah as it is the third largest Emirate after Abu Dhabi and Dubai. One best part is that the foreign investors can always find their place in Sharjah without any hassle. The business-friendly policies of Sharjah mainland make it suitable for foreigners to set up their dream businesses.
Sharjah has a cost-effective business environment. It features a strategic location, excellent communication with the major markets, and affordable living conditions. However, the Sharjah Department of Economic Development has its say in the company formation in Sharjah. And to pass the hurdle, TFZ is always there by your side to assist you. Our executives are skilled in handling all the procedures, and we can assure you that we will carry you through the company formation procedure without any hassle.
While Sharjah favours all types of businesses, industrial businesses thrive more in the Emirate. Additionally, Sharjah can also be a suitable location for educational institutions and similar businesses as it is the best Emirate that excels in educational qualities. And if you want more information on Sharjah company formation, make sure to mark your presence at The Futuristic Zone. Our guides will always be there to help you without any hassle and clear all your doubts regarding business formation.
What Kind of Licenses Can You Obtain in Sharjah?
If you are looking forward to a business setup in Sharjah, the first thing you will have to do is obtain a license for trading. You will face heavy punishment if you conduct business in Sharjah without a trade license. There are different types of licenses that you can obtain in Sharjah.
Commercial License
Commercial License in Sharjah will help you conduct activities like warehousing, consolidation, storage, etc. A normal commercial license will help you to conduct activities with a limited range of goods. However, getting a general trade license before company formation in Sharjah will help you to conduct activities with a wide range of goods. Investors who can get a commercial license in Sharjah before starting with business activities can also obtain 100% foreign ownership.
Service License
A service license in Sharjah helps business owners carry out specific activities mentioned in the license. Additionally, a service license, also called a professional license, allows the owners to practise skills they have expertise in. The applicants for the service license must have some requirements and prove their claims by taking certain examinations. While you are applying for a service license in Sharjah and feel that you might face problems, you can contact us at the TFZ to make your procedure more straightforward.
Industrial License
Obtaining an industrial license before Sharjah company formation is essential for organisations requiring capital for practice. It includes manufacturing, mining, quarrying and other related activities. However, you will need special approval to get an industrial license in Sharjah Mainland. We can help you to get your license approved by the prominent authorities. You will have to submit the relevant documents, and the rest will be left in our hands. We will assign an expert to carry out the paperwork and help you get your industrial license approved without hassle.
What is the Procedure of Setting Up a Business in Sharjah?
The investors will have to follow certain guidelines and procedures before business setup in Sharjah.
- Identifying the Business Activity.
- Determining an appropriate legal structure.
- Selecting a name for the company. ( Minimum 2 )
- Register with the SEDD for first-time approval.
- Fill out the form for a respective license.
- Form the memorandum of Agreement.
- Signing a lease to select an office space.
- Getting External Approvals.
- Paying for the license fee.
- Get your respective Trade License.
All these processes are simple. However, to avoid any issues while obtaining your license, you should take our help. Our TFZ assistants are always on their feet to bring their expertise to the field and help you with Sharjah company formation.
What are the Documents Required for Business Setup in Sharjah?
Forming a company in Sharjah will need some essential documents. These documents must be presented to the respective authorities to get your license without any hassle.
- Business Registration Application.
- A copy of the entire business plan.
- Notarised and Duty-Attested Articles of Association.
- Passport copies of every individual, including the managers.
- Power of Attorney.
- Reference Letters from the Banks.
- Board Resolution for the Foreign Companies.
- Lease Agreement.
- A feasible report for the Project.
Why must you trust TFZ for Business Setup?
TFZ has always been on the priority list for new investors who are looking for company formation in Sharjah. We make the procedures simple and conduct all the documentation for the company’s individuals. Our assistants will be there by your side through every step until your company is formed. Additionally, we have customised and affordable packages for the customers depending upon their requirements.
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Frequently Asked Questions
While establishing your business in Sharjah, you must have a specific address and a license for trading. Operating in the country without a license is a punishable crime.
The different types of business entities that can form their company in Sharjah are as follows.
- Limited Liability Company.
- Partnership Company.
- Local Service Agent License Company.
- Public or Private Shareholding Company.
- Branch Companies
A few essential steps are to be followed while you are forming your company in Sharjah.
- Determining the kind of business entity.
- Selecting a name for the company.
- Applying for the respective license.
- Choosing an office space.
- Getting pre-approval and getting the license.
