Investment in the Emirates is considered one of the most important investments in the world, as the Emirates ranks sixth in the world in attracting foreign investments to it, and providing all facilities for investment in it, especially in free zones such as Sharjah, in terms of the cost of establishing a commercial license in Sharjah, and establishing a company in Sharjah. One of the steps to invest in Sharjah is to obtain a commercial license there. To obtain this license, there are several special procedures for that, and there is also the cost of establishing a commercial license in the Sharjah Free Zone, and this is what we will learn about in this article.

Establishing a commercial company in Sharjah represents an important step towards achieving success in the business world, and in order to successfully achieve this goal, obtaining a commercial license is considered necessary and essential. The cost of establishing a commercial license in Sharjah may vary and is affected by several factors such as the type of company, its activity, and legal and regulatory requirements, but in cooperation with Itqan Company, investors can obtain the necessary guidance and get rid of the effort and excessive costs that they may encounter during this process.

In this article, we will highlight the cost of establishing a commercial license in Sharjah and the factors affecting it, in addition to the role of Itqan Company in providing the necessary support and guidance to investors to make this process easy and convenient.

What business licenses are available in Sharjah?

Sharjah is considered one of the main investment destinations in the United Arab Emirates, as it provides an ideal business environment for investors from all sectors. The commercial licenses available in Sharjah include several options, including general commercial licenses that allow for various commercial activities, industrial commercial licenses for production projects, professional commercial licenses for consulting and professional services, and commercial licenses for e-commerce for online businesses.

These licenses allow investors to make the appropriate choice for their commercial activities, while providing regulatory options that are compatible with the requirements of the local and international market. These licenses reflect the diversity and flexibility that characterize the business environment in Sharjah, and enhance investors\\\’ confidence in exploring opportunities for success and expansion in this prosperous emirate.

In the Emirate of Sharjah, there are several types of commercial licenses in the free zone for entrepreneurs and companies. This variety allows individuals and companies to choose the type that best suits their business. Here are some common business licenses in Sharjah:

• Sole Proprietorship License: Allows one individual to own and operate the company individually.
• Limited Liability Company License: Allows a group of partners (shareholders) to operate the company, and limits their financial responsibilities to a certain extent.
• Limited Liability Company License with Shares: Allows shareholders to own shares in the company and gives them limited financial responsibility.
• Joint Stock Company License: Allows shareholders to conduct business by sharing capital, profit and loss.
• Gulf Company License: Granted to Gulf companies and allows them to establish branches or subsidiaries in Sharjah.
• Foreign Company License: Allows foreign companies to open branches or subsidiaries in Sharjah.
• International Company License: Allows companies to conduct their business internationally, without the need for a local agent.

How can I determine the business address of my company?

Determining your company\\\’s business address is important for establishing its identity and positioning. This requires choosing an address that reflects the nature of the business and is easily recognizable. It is important that the title is precise and without using periods. Determining the commercial address of your company in Sharjah is an important and necessary step during the process of establishing the company in the Sharjah Free Zone . Here are some steps to determine a business address:

• Choose the area: Choose the area in Sharjah that suits your business. The activities permitted and permits required can be affected by the area you choose.
• Check local laws: Check local laws and regulations in your chosen area to make sure your business complies with local regulations.
• Ensure the availability of facilities: Ensure the availability of necessary facilities in the selected area, such as transportation and public services, to facilitate the company’s operations.
• Communicate with local authorities: Contact the relevant government agencies in the region to obtain more information about the procedures necessary to determine the commercial address.
• Official registration: After determining the business address, you must officially register it with the relevant authorities in Sharjah. This registration can be with the Sharjah Economic Development Department or the competent authority depending on the region.
• Mailing Address: Make sure you have a correct mailing address to receive official correspondence and documents.

What are the documents required to apply for a commercial license?

Submitting a business license application is one of the essential steps to starting your business in Dubai or anywhere else. This requires submitting a set of documents that prove your identity and explain the type of business activity you wish to practice. The documents required to apply for a commercial license in Sharjah may vary depending on the type of license and the company’s activity, but generally can include the following documents:

1. Application form: You must fill out the form designated for the commercial license application. This form can be obtained from the Department of Economic Development or the competent authority.
2. Passport copy: A passport copy of the owner or shareholders of the company.
3. Recent personal photo: Recent personal photos of the owner or shareholders.
4. Commercial Registration Certificate (if applicable): If the company previously had a commercial registration in the UAE, you may need to provide a copy of the previous Commercial Registration Certificate.
5. Lease contract: A copy of the lease contract for the office or commercial space used for the company’s activity.
6. Building construction permit (if applicable): In some cases, a construction permit may be required for the building that will be used for the company\\\’s activity.
7. Application fees: Pay the fees required to submit the application. These fees vary according to the type of license and the company’s activity.
8. Bank Letter of Support: You may have to provide a bank letter of support proving your ability to finance the business.

It is always preferable to check the documents specific to the type of license you are requesting from the competent authority or government department in Sharjah.

Create a commercial license in Sharjah

How long does it take to obtain a commercial license in Sharjah?

The process of obtaining a business license in Sharjah, like anywhere else, involves several factors that may affect the time to complete the procedures. The process of obtaining a commercial license without additional obstacles or additional points in accordance with the official legal procedures in Sharjah usually takes a certain period. The process of obtaining a commercial license in Sharjah may change depending on the type of license, the activity of the company, and the extent to which all requirements are met. However, here is a general estimate of how long this work might take:

• Individual business license: usually takes between 1 to 3 weeks.
• Limited Liability Company (LLC) License: Can take between 2 to 4 weeks or more.
• Joint stock company licence: depends on the size of the company and the complexity of its activity, and may take 4 weeks or more.
• License renewal: The license is usually renewed annually, and this procedure can take a few days.

It is important to keep in mind that these periods are estimates and may vary based on several factors, including the responsiveness of all required documents, the efficiency of administrative processes, and the workload of the department or entity concerned. Therefore, it is best to speak with a legal advisor or consulting office to obtain accurate guidance on when you expect to obtain the required commercial license.

The cost of establishing a business license in Sharjah

When looking at the cost of establishing a business license in Sharjah, several factors that affect this cost must be considered. Sharjah is considered one of the preferred locations for many businessmen due to the vibrant economic environment and available government support. New companies or investors starting new projects can benefit from several advantages. The cost of establishing a business license in Sharjah may change based on the type of license, the company’s activity, and the requirements of the process. Here is a general estimate of the costs that may be associated with establishing a business license in Sharjah:

1. Registration fees: This varies according to the type of license, and may include registration and accreditation fees.
2. Service fees: These can include service fees that relate to the various stages of establishing the company.
3. Consultant or agent fees: If you use the services of consultants or agents to assist with the registration process, you may pay additional fees to them.
4. Office rental fees: If you need an office for your business, you will incur office rental costs.
5. Attestation and translation fees: There may be fees for attestation and translation of the required documents.
6. Insurance costs: Some businesses require the purchase of insurance policies, which may have additional costs.
7. Certification fees from government agencies: You may need to pay fees to obtain certification from government agencies for some documents.

How to renew commercial licenses in Sharjah

When it comes to renewing business licenses in Sharjah, business owners must consider several aspects that affect this process. Renewing business licenses is an essential part of running a business efficiently and complying with government laws and regulations. Renewing commercial licenses in Sharjah requires following specific procedures. Here are general steps that can help you in the commercial license renewal process:

1. Check renewal date: Check the expiration date of your business license and schedule the renewal process.
2. Preparing the necessary documents: Check the documents required for the renewal process. This may include a renewal application form, a copy of your current license, and any other documentation that may be necessary.
3. Payment of fees: Pay the fees required for the renewal process. Fees vary depending on the type of activity and the size of the company.
4. Submitting a renewal application: Submit a renewal application to the competent authority in Sharjah, such as the Department of Economic Development or the government authority concerned with trade.
5. Activate the renewal: After reviewing the documents and paying the fees, your commercial license will be renewed, and you will obtain a new license after updating.
6. Update information: If any company information changes, update it during the renewal process.
7. Documentation of the renewed license: Receive the renewed license and ensure that all details are correct and up to date.

Can foreigners obtain a commercial license in Sharjah?

Regarding the ability of foreigners to obtain a business license in the Sharjah Free Zone, the emirate is one of the preferred business destinations for many foreign investors. Sharjah is characterized by a supportive economic environment and commercial regulations that encourage foreign investment in the free zone . Yes, foreigners are allowed to obtain a commercial license in the Emirate of Sharjah. The Sharjah Economic Development Department provides business licensing services to foreign investors, and there are several types of business licenses that foreigners can obtain, including:

• General Trade License: Allows its holder to practice any unspecified commercial activity, with the exception of prohibited activities.
• Industrial license: allows the holder to practice industrial activity.
• Professional license: Designated for craft and service professions and allows the holder to practice a specific profession.
• Foreign branch license: for foreign companies wishing to open a branch in Sharjah.
• Free Company License: Allows individuals to manage their own businesses within the free zones in Sharjah.

Dubai instant license

 The Dubai instant license is considered one of the procedures for facilitating entry into the markets in the Emirates and the Gulf countries. Instead of following the previous steps to obtain a commercial license in Dubai, the Dubai instant license is obtained in just one step, by issuing only one payment permit, but the instant license is extracted Dubai only once, which is in the first year of establishing the company in Dubai, after which all the papers and documents related to the company are submitted in terms of the company’s activity in Dubai, and its ownership, to obtain a commercial license in Dubai, and start doing business related to the company’s activity in Dubai.

In conclusion, understanding the cost of establishing a business license in Sharjah is a crucial step for anyone who wants to start a successful business venture in this vibrant city. In cooperation with Itqan Company, investors can obtain professional support and guidance that helps them understand the details and costs related to establishing a commercial license in Sharjah.

Itqan Company offers the necessary experience and knowledge to ensure that investing in a commercial license in Sharjah is a worthwhile and sustainable investment. By providing comprehensive financial and legal advice and support in all aspects of establishing a business license , Itqan Company ensures that you have the ability to start your business with confidence and ease.

Frequently asked questions about the cost of establishing a business license in Sharjah