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Sharjah is a well-known and valued destination for investors wanting to set up their businesses in the UAE. While Dubai is on top of the list, Sharjah isn’t too far behind because of its facilities. With its three seaports and an international airport, the emirate opens multiple opportunities for businesses. With Dubai becoming more populated, people are now turning to Sharjah for company setup because of the immense advantages it offers. If you’re looking forward to a business setup in Sharjah mainland, we at IdeaBiZone are here to help. Here’s everything you need to know about mainland business setup in Sharjah.
Sharjah Mainland is one of the best options for business setup in the UAE because of its excellent growth prospects. With its investor-friendly environment, the emirate has become the most-sought business destination. For business setup in Sharjah Mainland, you need to get a mainland license to get your company registered and working in the UAE. We, at IdeaBiZone, are here to guide you through the entire process of business setup in mainland Sharjah with our years of experience.
Setting up a business on Sharjah’s Mainland is not very hard, but the process may seem challenging if you don’t know about the legal system. In that case, getting help from a business consultant company can be beneficial. We are here to help take you through the entire process, so you aren’t left alone. With our years of experience, you can get your business set up and run in no time. The process of business setup Sharjah Mainland is covered below.
Before starting your business activity, you need to confirm your activity type. Your business license will be based on the type of business you wish to conduct.
As a foreign investor, you must get a local sponsor who is a national of the UAE. Your sponsor will be your company partner and own 51% of the company’s shares.
You need to get an MOA, a written agreement showing that the parties have agreed to work together. This must be notarized. Other than this, you decide upon an office space and notarize the lease agreement.
Next, you must submit all the necessary documents to get your mainland trade license. Based on the type of business activity, the documents may vary.
Now you need to pay the license fee to get the trade license. The three types of business licenses offered in Sharjah are Professional, commercial, and industrial.
You must now apply to the immigration authority to get your establishment card. This card comprises all information regarding your company.
You need to submit a name for your company. It must be unique, and no indecent words should be included. The name shouldn’t be God’s name in English or Arabic. Give three unique, different company name suggestions to the authority.
You must get a work permit and entry visa on their behalf. This will be obtained from the Ministry of Labour.
The process will start by getting your valid stamped passport. You need to get this stamping done by a UAE partner or local sponsor.
For company formation in Sharjah, you will now need to submit the necessary forms and your registration form for the company. This needs to be submitted to the DED, Department of Economic Development.
After you finalize your trade name, you need to register it with Sharjah DED. You can do this through the online platform.
You need to get the municipality approvals based on the type of business. Once the documents are submitted, and the fee is submitted, your business license will be handed to you within a few days.
Sharjah offers an exciting opportunity for business investors to set up their companies and enjoy the place’s culture. The following are all the documents you need to set up a Sharjah Mainland business.
IdeaBiZone offers an excellent platform for starting up a mainland business in the country. With years of experience, our skilled team will help you collect all the documents you need to ensure your business setup is hassle-free and smooth.
Before setting up a business in Sharjah, you need to know the nature of the planned commercial activities for your business. Depending on this, you can decide upon the jurisdiction that suits you the best. Business setup in mainland Sharjah offers multiple benefits to business investors. With this business setup, you can get the flexibility of conducting business wherever you want in the UAE. Moreover, there are no corporate or personal taxes. No limitations are placed on the employment visa as well,
With the SEDD announcing full foreign ownership for mainland and onshore companies, foreign investors or companies can own 100% of their industrial and commercial companies and can practice all the activities in Sharjah. Our team, with their expertise, is all ready to guide you through the entire process of setting up a Sharjah business.
Based on the nature of business, the cost of setting up business in Sharjah mainland will vary. In general, however, the capital requirement is AED 150,000. The capital requirement may be varied for setting up a business in Sharjah compared to other emirates.
The time it’ll take depends on the required pre-approvals and business activity for specific activities. In an ideal situation, if all your documents are ready, your mainland license may be ready within 3 to 4 days.
Your mainland business license will be issued for only one year. Your license will need to be renewed annually. If you don’t get it done in time, you will have to pay a late fee.
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