Business Life-Cycle Services with MSZ Consultancy
At MSZ Consultancy, we also offer services that will help your business succeed long after it’s set up and running. Here’s a list of the corporate services we can do for you and your company:
Sharjah is one of the best options for setting up a business in the UAE. Dubai may be the most sought-after spot in the region, but Sharjah is close behind, and it’s easy to understand why. The Emirate has easy access to the International Airport and is connected to ports on the west and east coasts of the Arabian Gulf. The prime location gives the city a direct entrance to North Africa and the Indian Ocean, which provides a sea of opportunities and recognition for business owners.
The location isn’t the only thing that’s drawing business owners to this Emirate. For starters, Sharjah is one of the safest global cities with an extremely low crime rate. The business fee structure and the economy is liberal with competitive property lease rates. And if that wasn’t enough, there’s also access to a highly qualified and skilled workforce that’s ready to get to work for your Sharjah Mainland Company.
How Can I Start a Business in Sharjah?
Business setup in Sharjah is a quick and easy process, but there is a lot of legal paperwork that needs to be done. This can be challenging if you aren’t familiar with the UAE legal system. This is where it becomes important to work with a consultancy firm to help guide you through the process. The team at MSZ Consultancy are experts in all areas involving business setup in the UAE. We can make this a smooth process without any hassles.
Here are the steps you need to take for Sharjah Mainland business setup:
01
Obtain the MOA and company’s lease agreement signed by a public notary
First, you’ll have to get an MOA, which is a written agreement between parties that shows they agree to work together. That will have to be notarized. You’ll also have to find an office space and get the lease agreement notarized.
02
Furnish the necessary documents
Next, you’ll have to get together all the required documents. These could vary depending on your business activity.
03
Pay the license fees to obtain a trade license
Next, you’ll have to pay the fees that are required to apply for your trade license. There are three types of business licenses that are available in Sharjah:
- Industrial License
- Commercial License
- Professional License
04
Obtain approval from the Name board
You will have to come up with three different name options to submit. Your name must be unique, it can’t contain any obscene or indecent words, and it can’t indicate God’s names in Arabic or English.
05
Apply for an establishment card
Now, you’ll have to apply for an establishment card through the Immigration Authority and pay the fees that come with it. This is basically just a plastic card that contains information about your company.
06
Get approval from the Ministry of Labor for hiring an employee
You’ll have to get an Entry Visa and work permit from the Ministry of Labor for your employees. You’ll have to apply for this on behalf of the employees.
07
Get the stamp on the visa
Now it’s time to start going through the process to get a valid stamped passport. This will have to be done in the UAE by your local sponsor or partner.
08
Determine the type of business activity that you will be conducting
You’ll need to finalize your business activity. The type of business you will have will help you decide on what type of business license you need.
09
Find a local sponsor
If you are a foreign investor, then you will need to have a local sponsor. This is a UAE National that will serve as a sleeping partner in the company and own 51% of the shares in the company.
10
Submit forms to the Department of Economic Development (DED)
During this step, you’ll have to submit all the necessary forms for your name along with your company registration form to the Department of Economic Development.
11
File license
Next, you’ll have to file your trade license with the Department of Economic Development.
12
Get the trade name registered
After you’ve finalized your trade name, you will have to register it with the Department of Economic Development. This can be done online
13
Obtain approval from the municipality
Depending on your business type, you may have to get some other approvals. But, after you’ve paid the required fees and turned in the required documents, then you will get your business license.
Documents Required
Certified copy of tenancy contract
NOC letter
Visa and passport copies
Proof of residence
Approval from legal affairs and Ministry of economy
Trade name certificate
Business Licenses for Business Setup in Sharjah Mainland
The Sharjah Economic Department is the licensing authority that will issue the business license for business setup in Sharjah Mainland. After you figure out your business activity, you’ll have to apply for the license that best fits your company. There are three license options in Sharjah:
Industrial License
If you plan on doing any manufacturing or industrial activity, then you will need to apply for this license. This includes:
- Manufacturing
- Processing
- Packaging
- Assembling
- Fabrication
Commercial License
Companies that are involved in trading will need this license. This includes:
- Import, export, and trading
- E-commerce
Professional License
A Professional license is given to individual entrepreneurs who provide professional services for their business. A Professional license includes these activities and more:
- Consultancy services
- Event Management
- Investment services
Benefits for Sharjah Mainland Business Setup
- No corporate or income tax
- 100% tax exemption for import, export, and commercial levies
- Affordable rent
- Security of investment
- It is easy to open a bank account in UAE
- Warehousing facilities can be used to store goods for up to two months
- Government incentives for investors
- Strategic location
What are the Business Entity Types in Sharjah?
Another big step to Sharjah business setup is to decide on your business entity. This is the corporate structure that your business will follow. Here are the types of business entities that are allowed in Sharjah:
- Limited Liability Company – This is the most popular type of business entity for investors in Sharjah. With this type of business, the partners must not be more than 50 or less than 2. The liability of the partner is limited to the investment they have in the company.
- Partnership Company – This is a partnership between two or more individuals. The partners are liable to the extent of their shares to the company’s liabilities.
- Local Service Agent – These are individual companies that are managed by a single person. If the owner isn’t a UAE or GCC national, then there has to be a local service person that is a UAE national.
- Public/Private Shareholding Company – These business entities are determined by shares. A Public Shareholding Company has a share that has share capital divided into equally valued tradable shares. A Private Shareholding Company is incorporated by no less than three people. This business type can’t invite the public to subscribe to its shares.
MSZ Consultancy – The Best Sharjah Mainland Business Setup Experts
Forming a company in Sharjah is a quick process, but it could be challenging when it comes to the paperwork. Don’t let anything happen that could throw a wrench in your business setup plans. The experts at MSZ Consultancy have extensive knowledge of everything that you need to form your company in Sharjah. We have over 15 years of experience with successful business setup in the UAE, so we can offer the best advice and guide you through the entire process. Don’t wait, get in touch with us today at +971 52 544 1248 for your FREE consultation
WHAT WE DO?
We start from scratch and help you through the entire process of Sharjah Mainland business setup. We won’t just assist you with setting up your company, but we will help you become self-reliant and give you all the tools you need to successfully run your business in the UAE. We also offer corporate services to help your company along the way.
HOW DO WE HELP?
We have a unique team consisting of business setup consultants, lawyers, and Public Relations Officers who will provide you with everything you need for business setup anywhere in the UAE. We have over 15 years of experience setting up a business in the UAE. Over the last 15 years, we’ve built strong relations with government officials that will help assist in getting your company successfully formed in the Sharjah Mainland.
WHY CHOOSE US?
MSZ Consultancy is one of a few consulting companies in UAE that also offers valuable insights and advice that will help you during your business journey. We also offer the best customer service because we truly care. Our experienced team of professionals will analyze your needs and tailor our services to guarantee you receive the best possible care.
Trademark Registration
We offer everything you need to protect and brand your work. We offer trademark registration, renewal, amendments, as well as web domain help, copyright registration, copyright protection, and more.
Local Sponsorship
It can be stressful finding a local sponsor to trust with your company. Leave that to us. We can find a trustworthy and reliable sponsor for you.
PRO Services
We have a Public Relations Officer that will handle all your documentation and cleaning services. This includes the legal procedures required by the Department of Economic Development like license renewals, visas, and labor contracts.
Bank Account Assistance
It’s easy to get a bank account for your company in the UAE, but it could be challenging dealing with all the paperwork. Each bank has different requirements. We will make sure you follow all the proper procedures to get your account quickly setup.
Product Registration
We help with product registration for cosmetics, food, health products, and more. If you plan on manufacturing and distributing products, then you will need to have them registered. We can make the process quick and easy for you.
Business Centers
It can be hard finding an office for your company if you aren’t familiar with the area. We have business centers located in the most strategic spots that are ready for your business. So, let us help you find an office that’s perfect for your company.
Company Liquidation
If your company is facing liquidation, MSZ Consultancy has a team of legal experts that will guide you through the entire process. There are several formal procedures you’ll have to go through to end your company. Our specialized services will provide you with an easy exit strategy for company liquidation.
WhatsApp us