If you’re looking to start a business in an already flourishing economy, then business setup in Sharjah can be one of the best options for you. Sharjah is considered to be one of the fastest-growing Emirates in the UAE. Sharjah’s location is one of the biggest draws for businessmen because the city connects with major trading zones and is one of the safest cities with excessive economic supply.
There are several other perks that draw new entrepreneurs to Sharjah. For starters, the city is considered the most liberal economy in the Middle East with a fair judicial system. Sharjah is also home to a lot of businesses from different industries with a highly skilled workforce.
Why you should consider doing business in Sharjah:
Are you looking to start your business in Sharjah, but you don’t know where to begin? There are some rules and regulations involved, but with MSZ Consultancy on your side, we can help make the transition a smooth one.
If you are looking to start a business that is service-oriented or in the industrial field, then Sharjah’s Mainland could be the perfect location to set up your company. Forming a company on the Mainland is economical and has the least amount of administrative work. There are also several benefits of doing business on the Mainland, like no corporate or personal taxes, no minimum capital is required to get your business started, and there are no limitations on employment visas. If you have a business in the Mainland, then you will also get the flexibility of doing business anywhere across the UAE.
Setting up a business in one of Sharjah’s Free Zones comes with its advantages. A Free Zone business owner has 100% of foreign ownership, a world-class infrastructure, free trade barriers, and exemption from taxes and foreign duties. There are five Free Zones locations:
Every company in the UAE needs to have a business license. Industrial, commercial, and professional licenses are the options to choose from in Sharjah. These licenses will depend on what type of company you plan on having and the location you want to do business in. If you’re not sure what type your company falls under, don’t worry! MSZ Consultancy will answer all your questions with a free consultation.
Business Licenses in Sharjah –
If you plan on having a business that is in manufacturing, then you will have to apply for an industrial license. The Department of Economic Development is in charge of issuing these licenses. With an industrial license, you will have to have a physical warehouse inside the country because virtual offices are not allowed.
Having a commercial license can be very beneficial to a businessperson because it covers all trading activities. With Sharjah being in a strategic spot for imported and exported goods, a trading business could be the right type of company for you. A real estate business, retail shops, car rental businesses, and tourism businesses are all companies that need to apply for a commercial license.
This type of license is given to people that provide a service. There is a long list of businesses that are considered professional, some of them include: carpenters, medical professionals, beauty salons, accounting, and many more. MSZ Consultancy can help figure out what license you will need in a free consultation.
This type of company, also know as an LLC, is the most common type of new business setup in Sharjah. With an LLC, you can do business in any part of the UAE, which gives you the flexibility to rent an office anywhere you would like. There’s also no limit on the number of employment visas you can have with an LLC, so the number of employees your company needs can grow as your company grows. Along with this, there is no corporate tax when you open an LLC. MSZ Consultancy can get all the required paperwork you need put into place to start your own LLC in Sharjah.
With a partnership company, your company will be owned by two or more partners that share responsibilities in the company’s activities and liabilities. This type of company can only be opened by a UAE national. If someone in the partnership dies, or the company has to file for bankruptcy, then the partnership has to be dissolved, and a new agreement has to be put into place. MSZ Consultancy will evaluate your business needs and find out if a partnership company is right for you.
A local service agent represents your business when it comes to dealing with government issues, but unlike a local agent, they don’t hold any shares in your business. Foreign entrepreneurs are still able to hold 100% ownership of their business and maintain the full power of their business operations when using a local service agent. For an annual fee, the agent will make sure your company is able to continue running in Sharjah and handle any government issues that may come up. We can find a local service agent for you that can help you successfully keep your business going.
These types of businesses are often big corporations. With a public shareholding company, the shared capital is divided into tradable shares. With a private shareholding company, they cannot have the public subscribing in its shares. A private shareholding company, however, it is subject to rules pertaining to public joint stock companies.
Having a company in Sharjah is a dream for entrepreneurs because of its advanced technology and liberal economy. At MSZ Consultancy, we will help that business dream become a reality and help with all your business setup services in Sharjah. From business setup cost in Sharjah, the licenses you need, and document deadlines, our team of experts are your one-stop for everything you need to setup business in Sharjah. We will help you with company formation and give you all the tools you need to make sure your business is strong and successful.
We are your one-stop for everything you need for setting up a business in Sharjah. Our expert consultants will guide you through all the steps that are involved in getting your business up and running smoothly. We help with everything you need from company formation, securing a space and a sponsor, answering any financial questions you have, and making sure you have all the legal paperwork you need finished on time.
At MSZ Consultancy, we help make your business dreams become a reality! You won’t have to worry about losing a night of good sleep thinking if you have everything in place to open your business in Sharjah, because at MSZ Consultancy, we do all of the hard work for you. We will guide you through the administrative, financial, and legal processes that you will need to start a business in UAE.
We don’t mean to brag, but we know what we are doing! We are an award-winning team of consulting specialists with over a decade of prosperous results. We are successful because we truly care about our clients! Our services are customized for you and your business to make sure that you get everything you need at an affordable price. We strive on being more just a service provider, we want you to consider us a long-term partner.
Learn How Companies Have Used the Experts at MSZ Consultancy to Build a Business in Sharjah
Mr. Mujeeb has been very helpful since the beginning. He was not only focused on the procurement process of the license alone. He took his time to explain to me what are my best options for various activities. He took time to listen and understand his client’s needs. The entire process was a breeze! Thank you, Mr. Mujeeb and to MSZ!
I dealt with Mujeeb, who was very prompt at responding to my initial enquiry.
He listened to what I wanted, he did not presume anything or try to sell me something I didn't require or would not fit my purposes and always responded to my emails swiftly.
I am extremely satisfied with the service received from MSZ Consultancy and would definitely recommend them.
As MSZ consultancy has guided me to get my business license last month, I found it to have both a professional and friendly environment simultaneously, I recommend to everyone who is looking for business setup consultants in Dubai. Mr. Zubair was really understanding, cooperative and helpful throughout the process.
As easy as it could be, MSZ helped me setup my business and everything has just been uphill from there. The staff and the Employees were all so easy to talk to and friendly, 100% would recommend MSZ to everyone looking to setup their business.
If you are a foreigner starting a business in Sharjah’s Mainland, then you will need a local shareholder that will own at least 51% of the company.
Usually, it takes about an average of 12 weeks to register a business.
There are several benefits of doing business in Sharjah including, no corporate taxes, the security of investment, pro-business incentives from the government, and a warehouse where goods can be stored for up to two months.
A Limited Liability Company, known as an LLC, is the most popular type of business in Sharjah.
A foreigner can only setup business in Sharjah in a Free Zone. First, they have to apply for a license in that zone. Then, deposit the share capital in the bank, submit all of the paperwork that is needed, and get a lease agreement.
One of the biggest draws for business setup in Sharjah is that you do not have to pay corporate tax. However, some businesses do have to pay a tax like oil and gas companies.
The minimum capital requirement for Sharjah business setup is AED 150,000, which is $40,840 USD.
A director does not have to be a resident of Sharjah.
For a new business setup in Sharjah, you will need at least one director.
To setup business in Sharjah, first, you’ll have to pick a name. Then you’ll have to file a company registration application with the Department of Economic Development and draft a Memorandum of Association. Then, you will have to apply for a business license. Finally, you’ll have to do two things with the Ministry of Labor – file for an establishment card and register your employees.
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