Establishing a company in the Sharjah Free Zone is considered a strategic and very important step for investors and businessmen who seek to benefit from the distinguished investment environment in the emirate. The Sharjah Free Zone provides an ideal environment for establishing and operating companies thanks to the many privileges and advantages it offers.
From tax and customs benefits, as investors enjoy tax exemptions and customs reductions on import and export, to ease of establishment and operation thanks to the simplified procedures and clear guidance provided by local authorities.
On the other hand, the Sharjah Free Zone provides advanced infrastructure and business support services that include logistics, facilities for obtaining the necessary licenses and permits, as well as access to a wide network of commercial relationships that enhance the chances of success and expansion for new companies.
In addition, the Sharjah Free Zone allows companies to benefit from an active and vibrant local market, and provides a multi-sector environment that allows companies to diversify their activities and expand their scope of work.
With all these benefits and advantages, it can be said that establishing a company in the Sharjah Free Zone is an ideal choice for investors seeking success and excellence in a dynamic and evolving investment environment.
Establishing a company in the Sharjah Free Zone
Establishing a company in the Sharjah Free Zone
Establishing a company in a free zone in Sharjah represents an important strategic step towards entering the dynamic business market of the UAE. Sharjah\\\’s freedom zones are characterized by advanced infrastructure, simplified government procedures, and deep-rooted tax facilities, making it an ideal environment for establishing companies and expanding businesses in various sectors.
In cooperation with Itqan Company, investors can benefit from specialized support and guidance to facilitate the process of establishing companies in the Sharjah Free Zone. Itqan Company provides the necessary experience and knowledge to assist clients every step of the way to success, from developing strategic plans and defining business activity, to providing legal advice and assistance in submitting government applications and procedures.
By establishing a company in a Sharjah free zone, investors can benefit from many advantages, such as investing in a competitive and stable environment, accessing local, regional and international markets, and benefiting from the tax and customs facilities provided to companies in free zones.
In short, establishing a company in a free zone in Sharjah represents an exciting opportunity for investors to achieve success and expand their business in the Emirate of Sharjah and beyond. With Itqan\\\’s support, investors can access all the tools and resources needed to build a successful and thriving business in this dynamic economic environment.
Licenses required to establish a company in the Sharjah Free Zone
To establish a company in the Sharjah Free Zone, you must obtain the necessary licenses. The types of licenses and specific requirements vary slightly depending on the type of company and activity in which you operate. However, there are some basic licenses you may need:
- General commercial license: issued to commercial companies operating in the field of general trade and services.
- Industrial license: issued to companies operating in the industrial sector and manufacturing products.
- Professional Services License: Issued to companies operating in the fields of professional services such as engineering consulting, accounting, and law.
- E-commerce license: issued to companies that work in the field of e-commerce and sell products or services over the Internet.
- Manufacturing license: issued to companies that work in the manufacturing field and manufacture products.
Costs of establishing a company in Sharjah Free Zone
The cost of establishing a company in a free zone in Sharjah varies based on several factors, including the type of company, its size, and the services required. However, here are estimates of some of the major costs that may be associated with setting up a company in the Sharjah Free Zone:
- Registration fees: These include company registration fees and business registration fees, and vary according to the type and size of the company.
- License fees: Paid to the competent authority in the free zone as part of the process of exporting the necessary licenses to start the business.
- Legal consultation fees: If you need legal advice to establish the company and organize documents, these services can be expensive.
- Administrative services fees: These fees include any additional services such as issuing permits and arranging documents.
- Rental fees: The cost of renting the office or space needed for the company in the free zone.
- Labor fees: Includes costs for work visas and accommodation if you intend to hire employees.
- Financial Services Fees: There may be costs for financial services such as opening a bank account and settling taxes.
Documents required to establish a company in the Sharjah Free Zone
Establishing a company in the Sharjah Free Zone requires adherence to legal procedures and the submission of certain documents. Required documents may vary based on the type of company and business activity, but usually include:
- Business Licenses Application: A business licenses application must be submitted that specifies the type of company and its activity.
- Personal copies of shareholders: Copies of passports of all major shareholders and directors.
- Legal Power of Attorney: In the case of shareholders\\\’ or directors\\\’ agents, a legal power of attorney may have to be provided.
- Business plan: A document that explains the company\\\’s goals and plans and how to achieve them.
- Lease contracts: Copies of lease contracts for commercial space in the free zone.
- Financial Records: Financial reports or estimates may be required to demonstrate the financial ability to operate the business.
- Organizational plan: A document that describes the institutional structure and distribution of responsibilities within the company.
- Social Insurance: Providing documents related to social insurance for employees.
- Economic Survey Report: An economic report may be required that examines the business activity and economic impact of the company.
- Licenses and Permits: Copies of all government licenses and permits required to practice the activity.
Advantages of establishing a company in Sharjah Free Zone
Advantages of establishing a company in Sharjah Free Zone
Establishing a company in the Sharjah Free Zone provides companies with many advantages and facilities that contribute to their success and business development. Among these advantages:
- Tax exemptions: Free zones in Sharjah provide attractive tax exemptions, which contribute to reducing tax costs for companies and improving their profitability.
- Freedom of full ownership: Establishing companies in free zones allows investors to own a full share of the capital, ensuring that they have full control over the company’s operations.
- Ease of establishment and registration: Free zones provide quick and simplified establishment procedures, reducing administrative procedures and accelerating the process of starting a business.
- Customs facilities: Free zones provide easy customs procedures and facilities for shipping and customs clearance, which improves import and export operations.
- Advanced Infrastructure: Free zones provide advanced infrastructure and modern facilities, which helps companies improve the efficiency of their operations.
- Freedom to move money: Free zones allow companies the freedom to move money between countries easily, facilitating international financial transactions.
- Logistics Facilities: Free zones provide excellent logistical services including warehousing and distribution, which supports a smooth supply chain.
- Availability of skilled workers: Free zones enhance the availability of skilled and qualified workers, which helps companies improve the quality of their work teams.
- Research and development facilities: Some free zones provide facilities for companies in the field of research and development, which enhances innovation and development of products and services.
- Strategic presence: Sharjah free zones are located in strategic locations, which contributes to enhancing access to local and regional markets.
In conclusion, establishing a company in the Sharjah Free Zone is an important investment step and a strategic opportunity for those wishing to enter the vibrant business market in the United Arab Emirates. In cooperation with Itqan Company, investors can benefit from specialized support and guidance to facilitate the process of establishing companies in this vital region.
Itqan Company provides the necessary experience and knowledge to assist clients in all aspects related to establishing a company in the Sharjah Free Zone, from market analysis and strategy development, to providing legal and administrative advice and assistance in finalizing government procedures.
Types of companies available in the Sharjah Free Zone
The Sharjah Free Zone offers many different types of companies that can be established to meet the needs of investors from different sectors. The following table shows the types of companies available and the advantages of each type:
| Type of Company | the description | Advantages | Basic conditions |
|---|---|---|---|
| Sole Free Zone Company (FZE) | A company wholly owned by one person or entity. | – Ease of establishment.- Complete control of projects. | – One person or entity owns. |
| Free Zone Company LLC (FZC) | A company owned by two or more people or two or more entities. | – Flexibility in ownership.– Sharing resources and expertise. | – Two or more persons or two or more entities as owners. |
| A branch of a local company | A branch of a company located within the Emirates. | – Business expansion within the Emirates.– Benefiting from the reputation of the parent company. | – A parent company located within the UAE. |
| Branch of a foreign company | A branch of a company located outside the Emirates. | – Expanding business internationally.– Benefiting from the reputation of the parent company. | – A parent company located outside the UAE. |
| Representative office | A representative unit of the parent company engaged in promotion and marketing without directly conducting business. | – Facilitating entry into new markets.-Brand promotion. | – Affiliated with a parent company inside or outside the Emirates. |
| commercial Corporation | A company working in the field of trade, import and export. | – Possibility of importing and exporting various goods.– Ease of obtaining licenses. | – Meeting local and international trade conditions. |
| Industrial company | A company working in the field of manufacturing and production. | – Supporting industrial infrastructure.– Tax incentives. | – Compliance with environmental, health and safety standards. |
| Service company | A company that provides professional and consulting services. | – A wide market for services.– Ease of establishment and management. | – Professional licenses required. |
The Sharjah Free Zone provides a variety of options for establishing companies, helping investors choose the form that best suits their business and market requirements. The diversity of these options enhances the ability to innovate and expand in commercial, industrial and service businesses.
Frequently asked questions about establishing a company in the Sharjah Free Zone
What is the free zone in Sharjah?
The Sharjah Free Zone is an investment environment that provides a wide range of opportunities for companies and investors, and enjoys many tax and customs privileges and facilities.
What are the basic steps to establish a company in the Sharjah Free Zone?
- Determine the appropriate company type and submit a registration application.
- Submit required documents such as contracts, certificates, and shareholder information.
- Pay fees related to registration and licenses.
What benefits does a company owner get in the Sharjah Free Zone?
- Tax and customs exemptions.
- Access to advanced infrastructure and business support services.
- Facilities in import, export and logistical transportation.
What are the expected fees for establishing a company in the free zone?
Fees vary depending on the type of company and the amount of capital invested, and are usually reasonable compared to the benefits available.
Must a foreign investor partner with an Emirati citizen to establish a company in the free zone?
A foreign investor can establish a company with 100% ownership without the need for a local partnership.
What additional services can be obtained in the Sharjah Free Zone?
- Legal and financial consulting services.
- Access to a network of business and strategic relationships. Support in investment and business development procedures.
What commercial activities are allowed in the free zone?
Permitted business activities include a wide range of sectors such as manufacturing, financial services, technology, logistics, tourism, and others.
