Sharjah Free Zone Business Setup
Sharjah is one of the most prominent and outstanding Emirates in the UAE. It is the 3rd largest Emirate and is well known for numerous attractions such as tourism, industries, global connectivity, education and culture. Sharjah borders all the Emirates, being the closest to Dubai and Abu Dhabi, which is its undoubted advantage. In addition, Sharjah is the only Emirate which has convenient access to major international airports and ports on both the Arabian Gulf and Indian Ocean. Despite the strict mores, business setup in Sharjah free zone can be a paradise for entrepreneurs.
The unique location and the Emirate’s aspiration to create a competitive, diversified and sustainable economy attract thousands of invertors per year. Sharjah is home to six free zones that are strategically located in or near major transport centers to facilitate the logistic needs of investors. Its free zones are business-friendly with no import, export, re-export fees, or customs duties. Moreover in the UAE there is 5% VAT but in a number of free zones within the emirate of Sharjah VAT exemptions are available. These are just a few of the advantages that you can enjoy if you register a company in one of the Sharjah free zones.
Sharjah welcomes companies with foreign ownership and a wide range of activities, starting with well known fields such as heavy industry, oil and gas, logistics and transportation, steel and textile, maritime and port businesses, packaging and aviation, media and social communication, wholesale and retail, services and consultancy and ending with less popular and even unique businesses including renewable energy, digitalization, environmental technology, smart manufacturing, healthcare and publishing.
We will be pleased to assist you with choosing a free zone in Sharjah that best suits your business. Each case is unique, our consultants will analyze your situation and offer the free zone that best meets your requirements.
Key Benefits of Company Formation in Sharjah Free Zone
One of the most significant advantages of setting up a business in Sharjah free zones is that foreign ownership is allowed. This means that no local partner or sponsor is required, investors, managers and directors can be of any nationality and exercise any licensed activity.
Companies registered in free zones of Sharjah may enjoy the advantage of exemption of import or export tax which significantly facilitates international trade. In addition Hamriyah Free Zone and Sharjah Airport International Free Zone also grant exemption of VAT.
Borders with all Emirates, proximity to consumer and business centers, developed transport system, the presence of an international airport and port on the territory of the Emirate make Sharjah a destination not only for logistics companies, but also for everyone who appreciates comfort.
Sharjah's free zones offer a prompt and convenient start for business. Remote incorporation requires minimal effort on the part of the investor when going through licensing process, and the competent government authorities are always ready to assist if a question or problem arises.
Free zones of Sharjah offer standard licenses with a great diversity of activities. Some free zones, like Hamriyah Free Zone accommodate various common sectors including trading, manufacturing and servicing, while others like Sharjah Media City accepts businesses connected with media and social communication.
Sharjah admits thousands of young and talented students annually, and lavishly invests money in education and research. Whatever your request is, you will certainly get the opportunity to hire a local professional who is familiar not only with the production process, but also with local peculiarities.
Sharjah free zone company registration also makes it possible to obtain an Emirates ID for one or more persons, depending on the conditions. Obtaining it greatly simplifies the availability of migration, bank account opening and provision of services in the UAE.
In order to fulfill all the needs of investors, the Emirate offers various facilities, such as offices, storage spaces, warehouses, industrial land for long-term lease. For exceptional and specialized projects, there are innovation offices and laboratories available. In some free zones it is possible to rent a warehouse which will be adjacent to the office so that the premises are be located within a single infrastructure which is very convenient.
Sharjah Free Zones Where It Is Possible to Set Up a Business
Sharjah Free Zones provide a favorable environment for setting up businesses, offering streamlined processes and strategic locations. This makes them an attractive choice for entrepreneurs looking to establish a presence in the UAE.
Hamriyah Free Zone
100% foreign ownership
Strategic location
Developed infrastructure and ports
Service, commercial and industrial licenses
Great variety of business activities
Sharjah Airport Free Zone
Exceptional market access
One of the largest air cargo hub in the UAE
Commercial, service and industrial licenses
Variety of activites related to logistics and transportation
Sharjah Media City (Shams)
Ideal for creative and media businesses
Cost-effective business setup
Quick registration process
Offers service, commercial and industrial licenses
Types of Business Setups in Sharjah
There are several types of legal entities that can be incorporated in Sharjah free zone:
- Free Zone Establishment (FZE)
Free Zone Establishment is a type of legal entity formed by a single shareholder. Being a limited liability entity it offers asset protection and affordable capital requirements. FZE is perfect for entrepreneurs or small businesses looking for a sustainable and flexible business strategy.
- Free Zone Company (FZC)
Free Zone Company is a limited liability entity that can be established by multiple shareholders. Such companies will suit for bigger businesses or joint ventures looking to establish a presence in the UAE, though there are restrictions on the number of members.
- Branch of an existing foreign/local company
If you already have successful and prosperous business and you want to expand it and enter the international market, then you can open a branch of an existing company and enjoy all the advantages, demonstrating the connection of companies from different jurisdictions.
How to Set Up a Business in Sharjah Free Zone:
- 01
Research and planning. Initially you should research the different free zone options and determine which one that best suits your business needs. This will depend on the types of licenses available and additional benefits that free zone can grant. It’s also important to designate the legal structure and framework for your future company.
- 02
Choice of name and activity. It is better to prepare several options for a unique company name, so that you can select an available and appropriate one. Also, one license in the free zone allows approximately 3 types of activities. Therefore, it is worth taking time to choose activities that will fully cover your business.
- 03
Selection of space. Free zones offer a wide range of options for office space, depending on your company’s needs. You can choose from a minimal flexible desk or a fully-fledged office, if you plan to have employees. It’s worth noting that your choice of office will affect your chances to open a bank account and how many visas it is possible to get for your company members. You can also choose a warehouse for a long-term lease if your business claims it.
- 04
Application for license. After all the preliminary steps it is prescribed to gather all necessary documentation such as passport copies of company’s members, proofs of address, business plan, application form and other relevant documents. Along with paying the necessary application fees the desirable answer is likely to come within 3 business days.
- 05
Obtaining Emirates ID. Since obtaining an Emirates ID greatly simplifies the provision of services and qualified assistance, it would be logical not to neglect the possibility of obtaining it. Though it is possible to apply for an Emirates ID online, a personal visit by the applicant might be required at the stage of passing the medical check-up and providing biometric details for the residence visa. It usually takes around two weeks to get a new card.
- 06
Bank account opening. A bank account may be required not only for transactions with counterparties, but also for payment of the company’s authorized capital. Different free zones have diverse requirements for the size of the capital depending on the license and visas, as well as the requirements for mandatory payment of share capital vary. If your home free zone calls for proof of payment of the share capital, a bank statement from a local bank will be a confirmation.
Our Sharjah Free Zone Business Setup Services
ITA Business Consultants provides comprehensive business setup services in Sharjah Free Zones, offering expert guidance and support to entrepreneurs and investors. Our team’s extensive experience in UAE regulations and company formation ensures that businesses can efficiently navigate the complexities of establishing operations in Sharjah.
Company registration in SAIF
company incorporation
selection of a license
preparation and submission of documents for incorporation
liaising with government authorities on company matters
compliance check
Company registration in HFZA
company incorporation
selection of a licence
preparation and submission of documents for incorporation
liaising with government authorities on company matters
compliance check
Company registration in Shams
company incorporation
selection of a license
preparation and submission of documents for incorporation
liaising with government authorities on company matters
compliance check
*The above price also includes the state fees billed by the Free Zone for company registration, issuance of a license for 1 type of activity and flexi desk office.
*Other options are available upon request.
*VAT of 5% is applied
Let ITA Business Consultants Start Your Sharjah Business!
ITA Business Consultants is your trusted partner in navigating the complexities of UAE business regulations. With a deep understanding of the local market and a team of highly experienced consultants, we provide expert guidance and support to businesses across various industries.
Here are some key services we offer:
- We assist in the organization and initial incorporation of companies in free zones.
- Our team helps with obtaining necessary licenses and visas for your business.
- We provide comprehensive taxation and accounting services tailored to UAE regulations.
- Our experts ensure your business meets all corporate governance and compliance requirements.
- We offer streamlined processes for closing a business, ensuring minimal disruption.
- Our sophisticated customer support and tailored solutions address the unique needs of each client.
At ITA Business Consultants, we recognize that every business is unique. That’s why we offer personalized solutions and reliable support to ensure your business thrives in the UAE market, regardless of its size or complexity.
with ITA!
With over 10 years of experience and 1,500+ successful projects, ITA Business Consultants is your trusted partner for international tax planning. Our team of 200+ experts collaborates with 150+ international banks across 40 jurisdictions, providing seamless financial solutions and strategic guidance.
Our team can guide you through the process of setting up your business in Sharjah, ensuring compliance with local regulations and optimizing your business structure for success. We provide tailored solutions designed to meet your unique needs, whether you're a small business or a large corporation. From initial setup to ongoing operations, we ensure that your business is well-positioned for growth in this dynamic emirate. Fill out the form to connect with us and explore how we can support your business growth in Sharjah.
Sharjah Company Registration FAQs
A Sharjah Free Zone is a designated economic area in Sharjah, UAE, offering businesses special tax exemptions, customs benefits, and favorable import/export regulations to enhance ease of operations.
Yes, permissible activities are regulated by the Free Zone Authority and vary depending on the specific Free Zone selected.
Typically, documentation includes a passport copy, visa, business plan, and duly completed application forms. Specific requirements may vary by Free Zone and business type.
The final cost depends on factors such as license type, office space requirement, number of residence visas and additional services.
Sharjah Free Zone offers a range of facilities including office spaces, warehouses, land for lease, and modern infrastructure to support various business needs.
Sharjah Free Zone offers a variety of online services including company registration, Dubai business license renewal, visa services, and access to business facilities management.