Business Setup in Sharjah Mainland
Sharjah is the third largest and populous Emirate in the United Arab Emirates (UAE). It is also considered to be one of the fastest growing Emirates in the UAE. Global links are established with an international airport and ports, making it a good decision choose Sharjah.
Sharjah has become a home for a lot of businesses from different industries. This is why this Emirate is known in the UAE. This part of the UAE is notable for culture and industry, and because of this, more and more company formation in Sharjah is carried out.
If you are looking to have a company, there are a couple of requirements that you should keep in mind for doing it in this Emirate. For you to start a Sharjah company registration, you need to have at least two people as partners and a maximum of 50 for one organization. However, it should be noted that business set up companies in Sharjah that are established by expatriates have a local partner with them. As per the law, a UAE national should be part of our business and that person will hold 51% of the shares.
There are various business opportunities in this Emirate, but the same requirements are required in a company formation in Sharjah.
There are procedures in going through Sharjah company registration. This is why it is advisable that you have Sharjah business setup consultants with you to provide you with the information you need in this venture. These people will answer your question of how to start a business in Sharjah and let you know the estimated business setup cost in Sharjah so you can prepare as soon as possible.
Besides that, consultants will be the people who will handle the processing. They will go to the concerned authorities like Sharjah DED (Department of Economic Development) or also known as Sharjah Economic Department. It is also a part of the consultants’ job to manage everything that includes going to Chamber of Commerce Sharjah to obtain or pass necessary documents.
They also act as an adviser who can aid you with regard to the laws of the land. All kinds of questions can be thrown at them, and they will have the answers that you need: from a pressing query of how to start a business in Sharjah and the question you are interested to ask like your Sharjah trade license inquiry. Because this is their job, the business setup services in Sharjah that they offer are essential to go further with your business plans.
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Following industries you can setup in Sharjah Mainland
We covers all the following industries, even if your industry not in list you can consult with us we can help you setup.
Benefits of Setting up Business in Sharjah Mainland
Sharjah is notably attracting foreign investment as its economy blooms even more. It remains to be one of the first choices of business owners. Whether it’s big or small business setup in Sharjah LLC, people are continually investing in forming a company in this Emirate. This is because of the advantages that they will get.
Global investors see Sharjah as a good place to invest in. Global ties are maintained to have smooth trades everywhere. Just some of the advantages that business owners will have and already have in Sharjah mainland are listed below.Show more
Currency restrictions do not exist
Sharjah Mainland does not have any currency restrictions applied in its territories, similar to other mainlands in the UAE.
No mandatory yearly auditing
Companies in Sharjah Mainland do not need to prepare for yearly audit as it is not required at all. Although audit is important, many organizations find this a positive thing as it lessens their stress and worries.
Rent office anywhere
New business setup in Sharjah can select anywhere in the mainland where its office should be located in accordance with business strategies of the company. In this case, this is where the path of your organization begins, by carving it out starting from the right place.
Conduct business with local market
The local market is located on the mainland. Companies that are catering to markets and have traded as their industry can take advantage of this.
No limit on activities
Business owners in Sharjah Mainland have the freedom to select whichever business activity they want, unlike in some parts of the UAE where business activities are limited and are even categorized.
Zero capital requirement
Sharjah LLC company formation cost is affordable. However, if you set up a business at a place that doesn’t require any capital, it is definitely a cost-effective way to begin.
Although value-added tax (VAT) has been implemented in the start of the year, it is still not obligatory for companies to pay corporate and income taxes. It is still a positive thing in the country.
No limit on visas
Since companies expand and grow, visas are not limited for companies in the Sharjah Mainland. They can all secure as many visas as they require for their organizations.
Business Setup Requirements & Procedure
Requirements for Sharjah Company Registration
- No objection letter (NOC) – should be from sponsor of UAE residence visa;
- CVs of shareholders;
- Bank reference letter – all shareholders must comply;
- Proof of address – all shareholders must comply;
- Certified passport copies – applies to all shareholders;
- Trade license;
- Trade name and trademark reservation application
For a mainland Limited Liability Company (LLC) additional required documentation include:
- Memorandum and Articles of Association (MAA);
- Board resolution stating intent of incorporation in the UAE
The required legal documentation for mainland business setup varies, depending on the legal entity, nationalities of shareholders, and business activities to name a few. We suggest you contact our office today to receive full assistance of our business setup specialists on Sharjah mainland company formation.
- The procedure of processing the company setup would range from 2 to 4 weeks.
Support Services Offered in Sharjah
FAR Consulting Middle East supports firms and entrepreneurs set up business in Sharjah by taking care of all the formalities and support services from start to finish. Our team has experience in handling business setup Sharjah by handling all the legal procedures and documents to help you set your business in Sharjah.
Some of the services offered by us are:
- Guide you in legal incorporation of the business
- We offer service and assistance in opening bank account
- We help clients in forming a company also assist to find out business locations
- Help you in obtaining approval from government authorities
- Assistance in obtaining approval for location and inspection from municipality
Business Setup Cost in Sharjah
Below is the estimated business setup cost with our own assessment of the fees. You can contact us for further information regarding this table of estimation.
UAE Mainland Estimated Official Cost for Study Case/New Business Setup Fees/Cost/Receiver Narration Cycle Cost (AED) Payment Comments Trade Name Reservation Govt. Agency One time 610 100% Adv. View Initial Approval for Your Business Govt. Agency One time 110 100% Adv. Local Citizen – Sponsorship Fee Your Business’ Local Sponsor Yearly 15,000 100% Later View MOA – Legal Translation Services Translation Services One time 1,280 100% Adv. View Notarization of MOA Govt. Agency One time 960 100% Adv. View Licensing & Certificate of Incorporation Fees (for specific business activity) Govt. Agency Yearly 7,000 100% Adv. View File Opening – Immigration (Establishment Card) Govt. Agency One time 860 100% Adv. File Opening – Ministry of Labour (Establishment Card) Govt. Agency One time 2,053 100% Adv. E-Signature Card – Ministry of Labour Govt. Agency One time 1,000 100% Adv. Farhat Office & Co. Fees – Your Business Registration Consultant’s Professional Fees
All of the Following Services are Included:
» MOA drafting – Arabic/English
» Power of attorney drafting – A/E
» Side Agreement drafting – A/E
Professional Fees/Farhat Office & Co. One time 15,000 100% Adv. TOTAL 43,873 View