Learn about establishing a company in the Sharjah Free Zone because the free zones in Sharjah are an attractive destination for investors and business owners due to the advantages they offer. Establishing a company in the Sharjah Free Zone is a strategic choice for many businessmen due to the facilities and tax exemptions provided by these zones. The free zones in Sharjah allow foreigners to establish their companies without the need for a local partner, which contributes to achieving their business goals with great flexibility. They also provide an advanced work environment and modern facilities, in addition to the possibility of benefiting from a wide network of logistical and administrative services. In this article, we will discuss the steps and procedures for establishing a company in the Sharjah Free Zone , discussing the benefits that investors can obtain, which helps them make the right decision regarding the location of their company and their investment orientations.

 

Advantages of establishing a company in the Sharjah Free Zone

Setting up a company in the Sharjah Free Zone offers many advantages that make it an attractive option for investors and entrepreneurs. Here are some of the main advantages:

• Tax Exemptions: Companies in Sharjah free zones enjoy full tax exemptions on income and profits, which helps increase business profitability and reduce operating costs.
• Full Foreign Ownership: Foreign investors are allowed to own 100% of the company’s shares without the need for a local partner, giving them complete control over business operations.
• Ease of business establishment: Free zones offer simplified and fast establishment procedures, which helps speed up the process of starting a business and reduces bureaucracy.
• Modern working environment: Free zones provide modern facilities and offices that are in line with the latest international standards, which contributes to enhancing work efficiency.
• Customs duty exemption: Companies operating in free zones enjoy customs duty exemptions on imports and exports, which reduces logistics costs.
• Ease of obtaining work and residence visas: Free zones provide simplified and fast procedures for obtaining work and residence visas for employees and managers.
• Comprehensive government support: Companies in the free zones receive comprehensive government support, including advisory services and administrative support, which helps facilitate business operations.
• Advanced infrastructure: Companies benefit from advanced infrastructure in free zones, including ports, airports and transportation networks, which facilitate shipping and distribution operations.
• Networking and Collaboration Opportunities: Free zones provide opportunities to network and collaborate with other businesses, which enhances the chances of growth and business expansion. In short, Sharjah free zones provide an ideal business environment for investors thanks to the various facilities, tax exemptions and advanced infrastructure.

Procedures for establishing a company in the Sharjah Free Zone

Here are the steps for establishing a company in the Sharjah Free Zone:

1. Choose the type of company (such as a limited liability company, a joint stock company, etc.) and the type of business you will be conducting.
2. Select the free zone that suits your business and requirements, such as Sharjah Airport Free Zone or Sharjah Economic Zone.
3. Bring the necessary documents such as passport, personal photos, and information about the business and shareholders. Additional documents may be required depending on the type of company and activity.
4. Apply for a trade license from the relevant authority in the free zone. The application includes information about the company and the business activity.
5. Choose an office within the free zone and sign the lease. Free zones offer a variety of office options, from small to large spaces.
6. Open a company bank account at an approved bank. This account will be necessary to manage the company’s financial operations.
7. After completing all documents and approving the application, receive the commercial license and complete the company registration procedures with the relevant authorities.
8. Secure work and residence visas for employees and managers according to the company’s needs and number of individuals.
9. Ensure that all legal procedures required in the free zone are completed, such as registering with relevant government departments and obtaining the necessary licenses.
10. After completing all the procedures, you can start your company operations and implement your business plans.
    Make sure to follow all the procedures carefully to ensure that you comply with local laws and obtain all the necessary licenses.

Cost Factors of Establishing a Company in Sharjah Free Zone

The cost factors for establishing a company in the Sharjah Free Zone vary and depend on several main elements. Here are the most important factors that affect the cost of establishing a company in the free zone:

• Company type and business activity: Costs vary depending on the type of company you want to set up and the business activity you will be conducting. Some activities may require additional licenses or higher fees.
• Licensing Fees: These fees include the cost of obtaining a commercial license from the free zone. The fees vary depending on the type of license and the type of company.
• Office Cost and Rent: The rental cost depends on the size of the office and the location within the free zone. Free zones offer a variety of office options, ranging from small to large spaces.
• Company incorporation fees: These fees include the costs of registering the company, preparing legal documents and submitting applications. They may also include fees for legal consulting services if required.
• Visa and Residence Fees: Includes the cost of obtaining work and residence visas for employees and managers. These fees vary depending on the number of visas and the duration required.
• Additional service costs: such as accounting, auditing, and legal advice. These services may be necessary to meet legal and financial requirements.
• Insurance: This includes the costs of insurance on assets and properties, as well as insurance against various risks that the company may face.
• Initial operating costs: These include the costs of equipping the office with equipment and furniture, as well as costs associated with starting business operations such as advertising and marketing.
• Renewal Fees: Takes into account fees related to annual license renewal and any other fees associated with the ongoing maintenance and management of the company.

All of these factors must be taken into consideration when calculating the cost of establishing a company in the Sharjah Free Zone to ensure an accurate budget and balance between costs and returns.

 

 

Steps to establish a company in the free zone

Here are the steps for establishing a company in the Sharjah Free Zone:

• Determine the type of company and business activity: Choose the type of company (such as a limited liability company, a joint-stock company, or other) and the type of business activity you will be conducting.
• Choosing the right free zone: Select the free zone that suits your business and requirements, such as Sharjah Airport Free Zone or Sharjah Economic Zone.
• Prepare the required documents: Prepare the necessary documents such as passport, personal photos, and information about the business and shareholders. Additional documents may be required depending on the type of company and activity.
• Submit a license application: Submit an application for a commercial license from the relevant authority in the free zone. The application includes information about the company and the business activity.
• Choose an office and sign a lease: Choose an office within the free zone and sign the lease. Free zones offer a variety of office options, from small to large spaces.
• Open a bank account: Open a bank account for the company in one of the approved banks. This account will be necessary to manage the financial operations of the company.
• Receive the license and register the company: After completing all the documents and approving the application, receive the commercial license and complete the company registration procedures with the relevant authorities.
• Securing work and residence visas: Securing work and residence visas for employees and managers according to the company’s needs and the number of individuals.
• Complete legal procedures: Ensure that all legal procedures required in the free zone are completed, such as registering with relevant government departments and obtaining the necessary licenses.
• Starting Business Operations: After completing all the procedures, you can start the company’s operations and implement your business plans.
  Make sure to follow all the procedures carefully to ensure that you comply with local laws and obtain all the necessary licenses.

In conclusion of our article on establishing a company in the Sharjah Free Zone , we can confirm that these areas provide a distinguished business environment that combines government facilities, tax exemptions, and advanced infrastructure. The simplified procedures and flexibility in establishing companies contribute to enhancing Sharjah’s attractiveness as a global investment center, making it an ideal choice for investors and entrepreneurs looking to achieve success and growth in a dynamic and thriving market. By taking advantage of the advantages offered by the free zones, new companies can start their operations smoothly and efficiently, which enhances the chances of success and expansion in the future. So, if you are thinking of establishing a company, the Sharjah Free Zone provides you with a strong and ideal platform to achieve your business goals and build a bright future.

Frequently asked questions about establishing a company in the Sharjah Free Zone