Establishing a company in Sharjah

30 Sep Establishing a company in Sharjah

Establishing a company in the Sharjah Free Zone

Establishing a company in Sharjah characterized by the strong and developed infrastructure and the strategic location of the Sharjah region, Sharjah Free Zone is close to airports and seaports and includes warehouses for storage and many services and facilities that encourage the investor to establish a company in Sharjah.
The Sharjah Free Zone is a lucrative investment attraction and one of the reasons for the economic prosperity in the UAE. In this article, we discuss the steps to establish a company in Sharjah and the advantages enjoyed by the investor in the Sharjah region.

Establishing a company in Sharjah

The Sharjah region ranks third as the largest emirate in terms of population in the UAE, and is also considered one of the most developed and growing emirates. It is also considered one of the most attractive emirates for investors and entrepreneurs.
The services and facilities provided by the government encouraged investors to pump money and establish companies and various projects in various types of economic activities. It was necessary to obtain a commercial license to work officially in the free zone in Sharjah.
Commercial licenses in the Sharjah Free Zone
Establishing a company in Sharjah requires obtaining the appropriate commercial license with the nature of the activity of the company to be established, The licenses in the Sharjah Free Zone vary as follows:

• Free Zone Corporation.
• A branch of a foreign company.
• Free Zone Company.
• branch of a corporation.

Sharjah company incorporation documents

• Submit the licensing form.
• Obtain the electronic investor registration form.
• Bring a copy of a valid passport.
• Investor’s license statement if he had previous business in the UAE.
• Obtaining the approval of the concerned official authorities.
• A letter of objection certified by the official authorities for non-investors.

Advantages of establishing a company in Sharjah
Establishing a business in the Sharjah Free Zone brings many advantages to the investor and entrepreneur who seeks to establish a company in Sharjah:

• Corporate tax exemption that helps reduce the costs necessary to establish a company.
• Sharjah Free Zone provides integrated corporate planning and implementation services.
• The investor has the full right to recover the company’s capital and dispose of the profits.
• Allowing foreign ownership without the need for an Emirati partner sponsor.
• Ease of implementing the procedures necessary to establish the company with minimal costs.
• The strategic location of the region, close to local and international freight services.
• All comprehensive medical facilities and services are available in Sharjah Free Zone.
• Sharjah Free Zone is characterized by the presence of a rapidly growing and developing infrastructure. 

Steps to establish a company in Sharjah
To set up a company in Sharjah  There are a set of legal steps and procedures that include submitting documents related to the company to the competent authorities in the Sharjah Free Zone in order to obtain a commercial license that enables the owner of the company to practice business officially.
In the following points, we must address steps to establish a company in Sharjah:

1. nature of economic activity

The first step in establishing a company in Sharjah is to determine the nature of the economic activity in which the company will operate in the Sharjah Free Zone. Based on the nature of the economic activity, the legal form of the company and the commercial license are determined on the basis of it.

1. Legal form

To establish a company in Sharjah, the legal form of the company must be determined, which is one of the most important steps in the steps to establish a company in the Sharjah Free Zone. Its importance is due to the fact that it determines the laws that will govern the company later.

1. Trade Name 

Choosing a trade name that is suitable for the nature of the company’s activity and expresses it, and this trade name will distinguish the trade license that the company will obtain. Therefore, it is an important procedure in steps to establish a company in Sharjah, and it takes place according to several conditions as follows:

• The company’s trade name must express the nature of the company’s activity.
• The trade name should not include inappropriate phrases and not violate public taste.
• The trade name must not be previously registered or similar to another company.
• The company’s trade name must abbreviate the legal form of the company.
• It does not contain the word majesty or the beautiful names of God.
• It does not include the name of a government agency or political slogan.

1. Initial approval

Here comes the step of obtaining initial approval from the concerned authorities, and when approval is completed, steps are taken to establish a company in Sharjah.

1. Memorandum of Association and local service agent agreement

In this step, and in accordance with the legal form of the company, the Memorandum of Association is signed and a local service agent agreement is concluded. This is for all company owners of non-UAE or GCC nationalities.

1. work location

One of the necessary steps to establish a company in Sharjah is to choose the business location on which the company will be registered. The site must be present on the ground and a lease contract for the company’s headquarters certified by the relevant authorities must be available.

1. additional approvals

One of the most important steps is obtaining additional approvals from the regulatory authorities for activities that need additional approvals in the Sharjah Free Zone.

1. Commercial license

The last step in establishing a company in Sharjah is obtaining a trade license according to the nature of the company’s activity, after paying the license fees, then registering with the UAE Chamber of Commerce as a member thereof.

Need help setting up a company in Sharjah Free Zone?
We provide our clients with the comprehensive and integrated services necessary to establish a company in Sharjah, with the help of the strongest team working in the field of investment in the Emirates, working with different nationalities and providing legal advice. We provide the following services:

• Provide integrated work plans suitable for the type of activity in which the company will operate.

• We undertake legal procedures and transactions with the competent authorities.
• We extract and renew all types of commercial licenses.
• We are distinguished by quality and clearing all procedures in the fastest time and at the lowest costs.
• We provide offices, warehouses and warehouses for rent at the best prices in Dubai.
• Providing full support for inquiries 24 hours a day, 7 days a week.
• Legal advice by ACFA legal consultants in the field of investment.

For more information about establishing a company in Sharjah, obtaining commercial licenses, and dealing with government agencies to complete all procedures and papers, contact our team now.

In our company, we help investors and entrepreneurs, and provide comprehensive integrated services to establish a company in Sharjah. We handle all legal procedures, documents, and transactions with government agencies in the fastest time and at the lowest costs. We provide business plans and prepare the company from A to Z.