To form a company in Sharjah, you will have to select the type of corporate structure you will have. The UAE facilitates different legal forms to help companies get established and grow. Let’s break down the business entities offered in Sharjah.
If you want to form a company in a big city without paying high prices, then Sharjah is perfect for you! Sharjah is an economical alternative to Dubai when it comes to forming a company and is known for being one of the most rewarding industrial destinations for foreign investment. Its successful business history has to do with its proximity to an International Airport and a great location to ports on the west and east coasts. As if that’s not enough, the government is extremely business-friendly, it’s the safest Emirate, and has shown massive advancement in technology, arts, and culture over the past few years.
Let MSZ Consultancy guide you through the process of forming a company in Sharjah.
Companies on the Mainland are allowed to do business in the local market as well as outside the UAE without any restrictions. An office space of at least 200 sq. ft. is required to do business on the Mainland. There is no limit on the number of visas you can apply for, however, the more office space your company has, the higher the number of visas you can get. With a Mainland company, a UAE national has to hold 51% of the total equity in the company.
There are five Free Zones in Sharjah:
SAIF Zone company formation is a great opportunity for business and trade.
This zone enables foreign nationals to have 100% of business ownership while enjoying tax-free benefits.
This area is a hub for foreign trade. It offers Small and Middle-Sized Enterprises.
This is an exclusive zone created for printing and publishing companies.
This zone issues licenses to companies, freelancers, and entrepreneurs for Shams company formation.
A business license defines what type of business you will be doing. In order to have a company in Sharjah, you will need a business license and will need to keep it updated. This is a requirement throughout all of UAE. There are three types of licenses in Sharjah.
This includes any type of business where manufacturing, processing, packing, assembling, and fabrication is involved. With an industrial trade license, you will have to have a physical warehouse inside the country. This license will be issued by the Department of Economic Development.
If you plan on doing any type of trading, then you will need a commercial license. This license covers all forms of trading, even 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, consulting, event management, and more.
This is the most common form of business. With an LLC, the partners are limited to the extent of their investment in the company. An LLC can conduct any industrial or commercial activity. Professional or consultancy businesses can’t have this type of structure, except for banking, insurance, or investment.
This type of business is shared by two or more partners. There are two types of partnerships – There is a General Partnership where the partners must be UAE nationals and are liable for the partnership’s debts, and a Limited Partnership where partners are liable for its debts only up to the value of their contribution.
This type of business entity is an individual company that is managed by a single person. If the owner is not a UAE or GCC national, then there will have to be a local service person that is a UAE national.
A Public Shareholding Company has share divided into equally valued tradable shares. A Private Shareholding Company cannot invite the public to subscribe to shares.
If you have plans for Sharjah company formation, we can help you put those plans into action. Our expert consultants have over 15 years of experience in helping facilitate international business. Let us be your building blocks to help form your company in Sharjah. From the licenses, local sponsor, and location, we will guide you through everything that needs to be done to make your company formation a smooth and hassle-free setup.
Contact us today on +971 52 544 1248 for a free consultation on company formation in Sharjah.
We are your one-stop for everything you need for forming a company in Sharjah. We have been facilitating international business and corporate solutions to help passionate entrepreneurs across the globe for over 15-years. We provide company incorporation and business setup services in Sharjah. Our team of experts has in-depth knowledge in the field of consultancy and will guide you through the best options suited for your company.
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 company in Sharjah. 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 for your company formation in Sharjah.
We provide customizable services for you and your company to ensure that you get everything you need at an affordable price. We won’t just be around for your company to get started, but we will stick by your side for your corporate needs down the road, like PRO services, product registration, company liquidation, and more. We are more than 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 Form a Company 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 the Mainland, you will need a local partner that will own 51% of the company.
It usually takes about 12 weeks.
No taxes, provision for warehouse facilities, and government incentives.
Limited Liability is the most popular form of business in Sharjah.
Apply for a Free Zone license, deposit the share capital into the bank, submit all the required documents, and get a lease agreement.
There is no corporate tax rate in Sharjah. However, oil and gas companies and some foreign bank branches in the UAE may have to pay taxes.
The minimum capital requirement is AED 150,000.
It is not mandatory for the director to be a resident of Sharjah.
At least one director is required.
The first steps to take for forming a company in Sharjah are to select a trade name, file for company registration, draft an MOA, apply for a business license, and get an establishment card.