Sharjah Mainland Company Setup
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Sharjah Mainland Company Setup
Sharjah, with its investor-friendly policies, has emerged as a highly favored destination for businesses, particularly since the turn of the millennium. Recognizing the increasing significance of Sharjah as a prominent business hub, a growing number of expatriates and foreign investors are actively seeking opportunities for business setup in Sharjah Mainland.
Sharjah, conveniently situated just 20 minutes from Dubai, enjoys excellent connectivity through various modes of public transport. The emirate boasts its international airport and three thriving seaports. Moreover, Sharjah is a hub for a significant portion of manufacturing activity within the United Arab Emirates.
Types of business entities in Sharjah
One can choose from following business structure to for business setup in Sharjah Mainland
Limited Liability Company (LLC)
An LLC in Sharjah can have a minimum of two and a maximum of 50 partners, with each partner’s liability limited to their investment in the company. This structure is highly popular among investors due to its flexibility and protection.
Local Service Agent
Typically, a Local Service Agent manages this type of company, often a single individual. In cases where the individual doesn’t have UAE or GCC nationality, the business must have the backing of a local sponsor, who is a UAE national.
Partnership Company
This form of business entity involves collaboration between two or more individuals, with the liability of partners limited to their respective shares in the company’s liabilities.
Public/Private Shareholding Company
Public shareholding companies divide their share capital into tradable shares, making them accessible to the public. Private shareholding companies are subject to the regulations applicable to public joint stock companies.
Steps for Sharjah Mainland Company Setup
- Determine Business Activity: Firstly, identify the type of business you intend to conduct in Sharjah. This initial step will help you determine the most suitable license for your enterprise.
- Visa and Work Permits: You must apply for entry visas and work permits through the Ministry of Labor’s website. If you plan to hire employees, you will need to apply for visas and work permits on their behalf.
- Register Your Company Name: Register your chosen company name with the Department of Economic Development (DED). Note that you should provide three different name options, and the selected name cannot include religious references in Arabic or English.
- Memorandum of Association (MOA) and Company Lease Agreement: These crucial documents must be notarized by a public notary. The MOA outlines your company’s objectives, structure, and management, while the lease agreement specifies the terms of your company’s lease.
- Apply for a Trade License: Gather all necessary documentation and apply for the appropriate trade license. Fees associated with trade licenses may vary based on your specific requirements, such as Industrial, Commercial, or Professional licenses.
- Establishment Card: Apply for the establishment card through the Immigration Authority, which validates your company’s information.
- Additional Requirements: Depending on your business type, you may need to submit further information to local municipalities and pay associated fees to obtain the necessary business licenses.
The process of Sharjah Mainland Company Setup involves several essential documents and steps. To ensure a smooth and compliant registration process, it is highly advisable to seek the guidance of experienced business setup consultants, such as those at LINKS CORPORATE CONSULTANTS, who can assist you throughout the entire process.
Benefits of Business Setup in Sharjah Mainland
There are varied benefits of starting a business setup in Sharjah:
- Economic Stability: Sharjah enjoys a stable and diversified economy, making it a secure choice for investments. Sound fiscal policies and responsible financial management create an environment conducive to business growth.
- Infrastructure and Connectivity: Sharjah has made substantial investments in infrastructure, providing state-of-the-art facilities, transportation networks, and communication systems that cater to businesses of all sizes.
- Business-Friendly Regulations: Sharjah’s pro-business stance is reflected in its regulatory framework, simplifying the company setup process. The government consistently introduces reforms aimed at enhancing the ease of doing business.
- Tax Advantages: Sharjah offers competitive tax incentives, including exemptions from corporate and personal income taxes. These benefits can significantly enhance your business’s profitability.
When it comes to Sharjah Mainland Company Setup, LINKS CORPORATE CONSULTANTS is your trusted partner. Our team of experts simplifies the entire process, ensuring a smooth journey towards establishing your business in this thriving Emirate.
We bring in-depth knowledge of Sharjah’s business landscape and provide comprehensive support at every stage. With LINKS CORPORATE CONSULTANTS, you can entrust us to navigate the legal and regulatory requirements, allowing you to focus on the growth of your business. For more details, request a free consultation today!
