Sharjah falls under one of the seven emirates and is also recognized as the “cultural capital of the UAE”. This place is promptly transforming into a business powerhouse and draws business enthusiasts and investors worldwide. Sharjah mainland license has several benefits such as a tax-friendly setting, convenient access to international markets, and skilled personnel.
In this blog, we will look at some of the critical elements that justify why setting up a business in Sharjah is beneficial and what the steps to start a business in this dynamic city are.
Business Opportunities In Sharjah
- Travel and Leisure Business: Due to the immense surge in the tourism sector in Sharjah, one can surely think of investing in hotels, restaurants, and other tourism services to gain valuable profits.
- Transport and Logistics Sector: Looking after the boost in the e-commerce sector, commencing a transport and logistics business could be a great opportunity.
- Environment Sector: Due to the stringent environmental laws, the supply of eco-friendly products and services is increasing.
- Healthcare Sector: The demand for healthcare facilities and services has been maximized due to the growing population of Sharjah.
- Manufacturing Sector: Industries like chemicals, metals, food manufacturing, rubber, and plastic serve as a good foundation to start a business in Sharjah.
Advantages of Setting Up a Business in Sharjah Mainland
Setting up business in Sharjah’s mainland comes with several benefits. Here are some of the key benefits of the same:
- Strategic Location: The well-thought-out location of Sharjah mainland offers convenient access to both domestic as well as global markets.
- Range of Business Structures: One of the substantial benefits of Sharjah Mainland is the variety of business structures it allows.
- Skilled Workforce: Sharjah holds both local and expatriate workers. Therefore, you can surely fulfill your staffing requirements conveniently.
- Supportive Government Initiatives: Exceptional programs like the Sharjah Economic Development Department (SEDD) offer resources, training, and networking opportunities.
How to Get a Sharjah Mainland License?
Follow the simple steps to get your Sharjah Mainland License:
- Register Your Trade Name: Give your business a name. While selecting the name, make sure you do not choose any offensive or religious name.
- Choose Your Legal Structure and Business Activities: Choose from a range of legal structures such as sole proprietorship, limited liability company, partnership, or more.
- Acquire Initial Approval: For initial approval, you need to submit various documents to SEDD such as a passport, visa, trade name registration certificate, business plan, and more.
- Submit Application for the License: After getting the initial approval, you can apply for a Sharjah mainland license with the SEDD.
- Pay the fees: After SEDD approves your mainland license application, proceed by providing the Sharjah mainland license fees.
Steps to Start Your Company in Sharjah
Several vital steps need to be followed to start a business in Sharjah:
- Choose Business Activity: Determine the particular products or services you will be offering.
- Select the Jurisdiction: Decide whether you want to go for the mainland or the free zone. Each of them has its own specifications.
- Pick a Business Name: Choose the appropriate name for your business. Make sure it does not include any religious, or offensive terms and must not be abbreviated.
- Prepare Your Documents: Passport copies of all partners and directors, Business plan, Local partner details (if applicable), No Objection Certificate (NOC) from your current employer (if currently employed), and other documents as per DED or Freezone requirements are necessary.
- Apply for a Business License: Submit your application for a Sharjah mainland license and pay the required fees to obtain the same.
- Secure Office Space: As per your business requirements, choose an office space that suits your activities well.
- Open a bank account: Open a corporate bank account to handle all your company’s transactions and finances.
- Visa Procedures: apply visa for yourself, your partner, and your employees.
Cost Considerations for Sharjah Business Setup
The overall cost of a Sharjah business setup can vary due to various elements such as the nature of your business and structure. Mainland and Freezone both have different cost patterns.
Additional cost considerations include:
- Government fees
- Business name reservation
- Local partner fees
- Office space rent
- Visa processing fees
- Bank account opening charges
How Start Any Business UAE Can Assist with Sharjah Business Setup?
Sharjah business setup might look daunting in such complicated regulations and environment. However, partnering with a reputable business setup consultant can help you overcome all the challenges with ease. Whether you’re looking for business setup in Dubai or Sharjah, expert guidance can streamline the process and ensure compliance with local laws.
At Start Any Business UAE, we are your trustworthy partner throughout the complete process of setup. With our professional guidance, you can overcome all the hurdles of business setup in Sharjah.
Also Read: Setting Up Your Business in Dubai: Everything You Need to Know
