Starting a business requires struggle, but if you put your burden in responsible hands, things can surely come out to be way better than you think. By doing so, one can put all their effort and focus on business strategy rather than spending their time and effort into the registration and setup process.
Sharjah has a lot of opportunities for new businesses and businessmen. People are also getting attracted to business setups in Sharjah, UAE, and its states.
The history and culture present in Sharjah appeal to the people, which makes the entrepreneurs start their businesses here. This is not all that Sharjah offers. There is so much more you can get benefit from. Sharjah is cheaper, has an active seaport, and is full of cultural wealth and heritage.
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One of the essential steps in the process of company formation in Sharjah is obtaining a business license. In compliance with UAE legislation, the type of license acquired determines the nature of the business activities that can be conducted. Sharjah offers three distinct categories of licenses to accommodate various business operations:
1. License for Industry:
An industrial license is required for companies engaged in fabrication, assembly, processing, packaging, or manufacturing.
2. Business License: It is essential for businesses that are involved in commerce to obtain a commercial license. This license covers a broad range of business endeavors, such as retail stores, vehicle rental companies, and travel agencies. Companies operating in these sectors must obtain a commercial license for Sharjah company formation.
3. Professional License: The professional license category includes service-oriented enterprises, such as carpentry and medical services. For people or organizations providing services including accountancy, consultancy, event planning, beauty salons, and more, this license is necessary. Obtaining a professional license is necessary before performing these service-oriented tasks.
Age Requirements for The Business Set Up in Sharjah
According to the Sharjah Economic Development Department (SEDD), if a person is searching for how to start a business in Sharjah, he should be at least 21 years old. But if anyone who is under the age of 21 wants to invest in any business, he can easily do so with the help of a No Objection Certificate. A certain NOC should be certified by the Sharjah Sharia Court.
Here are some of the things you need to know before you apply for setting a business in Sharjah:
Process of Business Setup in Sharjah, UAE
Step 1: Trade Name Registration
The estimated cost of trademark registration ranges from AED 250 to 2500. The practice will take 1 working day. Trade Name Section and the Sharjah Economic Development Department can help you with trademark registration. You will need AED 100 for trademark registration approval, AED 100 for the smart card, and AED 50 to 2250 reliant upon the trade name.
If you already have a registered trademark or trade name, you can skip this step. If you are a new investor, you would need to register it through the online portal of SEDD.
Step 2: Commercial Lease Approval
The estimated cost of license approval is AED 0 unless you have any previous fines from inspection, and it will take only a few hours by the section of Commercial Protection and the Sharjah Department of Economic Development.
Step 3: Special Permits
It will take only a day and the cost will depend upon the agency you take help from.
Step 4: License Application
It will cost 11% of the tenancy contract along with AED 850 for additional administrative services.
Step 5: Signboard Approval
It costs from AED 100 to 500 and may take 1 working day.
Step 6: Labour Card Application
You will need AED. 2000 for applying for the labor card, and it may take 2 working days for the Ministry of Labour.
Follow all the steps properly and hire the best legal agents who have a good idea of all the legalities. This would have a better impact on your business.
Having some difficulties in setting up your business in Sharjah? Well, hand over all your worries to FAR Consulting in the Middle East, because they know how to deal with the business formation processes effectively in Sharjah and across all states of UAE. All your tasks will get carried out as easily as possible while bothering you the least. This is as easy as I say it.
Documents Needed to Form a Sharjah Company
The following are the necessary paperwork for Sharjah company formation:
1. Verification of trade name registration
2. Verification of business activity
3. Passport copies for management and shareholders
4. Personal data of managers and shareholders
5. Details of the lease agreement
6. Approval from legal affairs and the Ministry of Economy
FAR Consulting Middle East is your Partner for company formation in Sharjah
Sharjah’s business setup offers numerous advantages to investors, including 100% ownership, a strategic location, and world-class infrastructure. While the process of establishing a company is generally straightforward, new business owners may encounter various challenges. Key requirements such as applying for residency visas, selecting appropriate business activities, and obtaining specific approvals necessitate the expertise of professional business setup services.
To navigate these challenges effectively, businesses can collaborate with reputable business setup experts such as FAR Consulting Middle East. As a leading provider of company formation services in Sharjah and across the United Arab Emirates, FAR Consulting Middle East offers expert guidance to ensure a seamless setup process.
Our highly experienced consultants provide tailored support, offering end-to-end services, from managing PRO services to assisting with banking requirements. Contact us today and we shall be glad to assist you.