Establishing a company in the free zone is it something you have thought about before? If your answer is yes, then you must choose a suitable place to establish the company. Some people ask here about the Sharjah Free Zone, how to establish a company in the Sharjah Free Zone, and what are the procedures for establishing a company in the Sharjah Free Zone, because Sharjah is located in the United Arab Emirates and contains approximately 2 million people. Given the UAE’s support for the Sharjah region from an economic perspective and providing a stable and safe investment and commercial environment for various businesses and sectors, this has helped in its growth and industrial prosperity. In this article, we will learn about the following:
What are the advantages of establishing a company in the Sharjah Free Zone?
The Sharjah region is one of the best investment regions at the present time, due to its great interest in supporting and developing companies in terms of location, cost, etc., and its most important advantages are:
1- Low administrative fees: The cost of establishing a company in the Sharjah Free Zone is lower than in other regions.
2- Ease of procedures: The Sharjah government supports simplified policies, which provides investors with ease of procedures as a company can be established in a few days.
3- Strategic location: The Sharjah region includes one of the most important airports and international ports overlooking the Indian Ocean, and both the western and eastern coasts of the Arabian Gulf, and North Africa.
4- Support and initiatives: The region provides owners of emerging and medium-sized companies with a national agenda that supports them and provides them with initiatives to embrace their companies.
Types of companies in the Sharjah Free Zone
The Sharjah Free Zone has become one of the most developed economic zones, and the opportunity to establish a large company in various fields has become available.
The Emirate of Sharjah allows work in various environments and locations, and the zone includes mainland companies, free zone companies, and offshore companies. These types have a modern infrastructure, low costs, and easy policies for every investor wishing to invest in the free zone. Before proceeding with more details, we mention a brief about each type of company in the Sharjah Free Zone:
1- Mainland companies: These are companies included in the Sharjah Economic Development Department.
2- Free Zone companies: The Emirate of Sharjah includes three free zones.
3- Offshore companies: These are foreign companies and are considered free zone companies.
How to establish a company in the Sharjah Free Zone
To establish a company in the Sharjah Free Zone, you must choose the appropriate area for your business from among the previously mentioned areas, and it is necessary to obtain the necessary licenses and permits to start work. What are the types of licenses available to establish a company in the Sharjah Free Zone?
There are three free zones in the Emirate of Sharjah, and each zone supports several investment sectors to establish a company:
- Sharjah International Airport Free Zone (SAIF Zone): It supports industries and commercial activities, but commercial activities are the most famous and common in the region.
- Hamriyah Free Zone Sharjah (Hamriyah Free Zone): It is the second largest industrial zone in the UAE, and all industries and business sectors are available in it.
- Sharjah Media City: One of the modern areas that has been developed to become a global center for media production, and one of the distinguished areas in Sharjah.
Types of licenses available in the Sharjah Free Zone:
- Industrial license: This license is available to owners of industrial sectors such as: packaging, importing raw materials, manufacturing, distributing products and other industries. It should be noted that this license is available to practice the businesses mentioned therein only.
- General trade license: One of the most famous licenses in the Sharjah region, as it allows every investor to work in various fields, such as importing, exporting, storing, distributing and other distinctive businesses and industries without restrictions as is the case with regular commercial licenses.
- Free professions license: The free professions license in the Sharjah region or as it is known as the services license, which is specialized and allows its holder to invest in, for example, consulting services, company establishment services, legal services and other professional services, which require extensive and sufficient experience in the field of service.
What are the companies available for investment in Sharjah Free Zone?
There are some companies available for investment in Sharjah Free Zone such as:
- A limited liability company owned by only one person.
- A limited liability company owned by more than one person.
- A branch of a company for several companies already registered in the UAE.
- A foreign company.
Investment in Dubai for foreigners
Documents required when establishing a company in the Sharjah Free Zone
As we mentioned earlier, the main types of companies available for establishment in the Sharjah Free Zone, you should also know that each type of company has its own papers and documents, and the documents for limited liability companies that must be provided are as follows:
- Obtaining the application form for establishing a company in the Sharjah Free Zone and filling out the data in it.
- A copy of the passport or ID card of the citizen from the managers or founders.
- A feasibility study for the project.
- Obtaining the initial approval for the activity.
- Registration and licensing request.
- Having a site for work.
At the end of the article, establishing a company in the Sharjah Free Zone is important for every investor if you want to establish a company in a distinctive and successful free zone. The Department of Economic Development in the Sharjah Free Zone and the investment authorities in Dubai seek to prepare the region and provide more companies and economic sectors.
How much does it cost to establish a company in the Sharjah Free Zone?
The cost is calculated according to the type of company, the activity that the company will practice, the vital location and area, etc., and this is what the fees are related to in terms of increase and decrease, but the cost ranges towards fifty thousand dirhams and is subject to increase and decrease.
Read in detail: Every condition for establishing a company in Dubai for foreigners
