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Establishing a company in Sharjah Free Zone

Establishing a company in Sharjah Free Zone

٢٨ يناير Establishing a company in Sharjah Free Zone

Establishing a company in Sharjah Free Zone is an important strategic step for investors looking to enter the UAE business market through a stimulating and supportive business environment. Sharjah, with its prime geographical location and modern infrastructure, offers an ideal opportunity for investors to establish their projects thanks to the facilities and exemptions provided by the free zones. Sharjah free zones are attractive options due to benefits that include tax exemptions, customs facilities, and full foreign ownership opportunities without the need for a local partner.

In partnership with Itqan, opening a company in Sharjah Free Zone becomes a smoother and more efficient process. With its deep experience in the local market and in-depth understanding of legal and administrative procedures, Itqan provides comprehensive consulting services covering all aspects of the incorporation process. From choosing the most appropriate company type for your business, to preparing legal documents and dealing with administrative procedures, Itqan provides professional support to ensure the successful establishment of the company and full compliance with the requirements of the relevant authorities.

Collaborating with Itqan Company enhances the ability of investors to overcome potential challenges and contributes to accelerating the establishment process thanks to the provision of appropriate solutions and simplified procedures. This allows investors to focus on developing their business strategies and achieving their goals with high efficiency, in an environment that provides them with all the facilities and support necessary for success and growth. Through this cooperation, you can benefit from the growth opportunities available in the Sharjah Free Zone and achieve a strong start for your project in one of the most prosperous business environments in the region.

Establishing a company in Sharjah Free Zone
Establishing a company in Sharjah Free Zone

Types of companies that can be established in Sharjah Free Zone

Sharjah Free Zones are an attractive destination for investors looking to establish their companies thanks to the facilities they provide and the stimulating business environment. These zones offer various opportunities for establishing companies thanks to flexible systems and tax and administrative privileges. Investors can choose the type of company that suits their business activity and strategic plans. In this article, we will review the main types of companies that can be established in the Sharjah Free Zone, which helps investors make informed decisions based on the nature of their business. Types of companies that can be established in the Sharjah Free Zone:

  • Limited Liability Company (LLC): LLCs are the ideal option for investors who want to limit their financial liability. In these companies, shareholders’ liability is limited to the amount of their capital contributions, which protects investors’ personal assets.
  • Sole Proprietorship: A sole proprietorship can be established under the ownership of one person, where the individual is fully responsible for all aspects of the business. This type is suitable for individuals who wish to manage and operate the business on their own.
  • Professional Firm: Professional firms include those that provide specialized services such as legal consulting, accounting, and design. This type of firm requires qualified professionals in the field in which the firm operates.
  • Trading Company: Trading companies deal with the buying and selling of goods and services. They can include a variety of business activities such as wholesale and retail trade, import and export.
  • Industrial Company: Industrial companies include those that manufacture or produce goods and products. Industrial companies may require special equipment and facilities for manufacturing and production.
  • Multi-Shareholder Company: Investors can establish a company with multiple shareholders, allowing them to distribute responsibilities and profits based on their shares in the company. This type provides flexibility in managing the company and allows capital to be raised from multiple sources.

Sharjah Free Zone offers a variety of options to suit different business activities, allowing investors to choose the model that best suits their needs and goals. Knowing the different types of companies can help investors make the right decision and establish their companies successfully.

Basic steps to establish a company in Sharjah Free Zone

Establishing a company in the Sharjah Free Zone is an important step for investors looking to benefit from a supportive and growth-friendly business environment. The free zones in Sharjah offer excellent opportunities for investors thanks to the facilities they offer and the tax and commercial exemptions, making them an attractive destination for establishing companies. To ensure that starting a business is smooth and efficient, it is essential to follow specific steps carefully. Below are the basic steps for establishing a company in the Sharjah Free Zone, which aim to facilitate the establishment process and ensure that the company complies with all legal and administrative requirements. The basic steps for establishing a company in the Sharjah Free Zone :

  • Determine the type of company and business activity: Start by determining the type of company that suits your business activity, whether it is a limited liability company, a sole proprietorship, or a professional company. You must also determine the business activity that the company will conduct, as this affects the requirements and licenses needed.
  • Choosing a trade name: Choose a trade name that complies with local laws and free zone standards. Make sure that the name is not similar to other company names and that it reflects the company’s business.
  • Preparing legal documents: Prepare the required legal documents such as the articles of association, the company’s articles of association, and copies of passports and Emirates ID cards for shareholders and directors.
  • Submitting an application for incorporation: Submit an application for incorporation to the Sharjah Free Zone Authority, along with the specified legal documents. The application usually includes information about the type of company, its name and the activities it will undertake.
  • Renting an office or headquarters: Renting an office or headquarters within the free zone, where the lease contract is one of the basic documents required for company registration. The headquarters provides an official address for the company and enhances its physical presence in the area.
  • Obtaining licenses and permits: Apply for the licenses and permits necessary to conduct business, including a commercial license and permits specific to the specific activity.
  • Open a bank account: Open a business bank account in the company’s name at a local bank. This will require submitting legal documents and articles of association to open the account.
  • Registering the company in the tax system: Despite the tax exemptions that the free zone may offer, make sure to register the company in the local tax system to ensure full compliance with all requirements.
  • Receiving the Certificate of Incorporation: After completing all the procedures and submitting the documents, you will receive the Certificate of Incorporation from the Free Zone Authority. This certificate allows you to officially start your business.

By following these basic steps, you can efficiently establish your company in the Sharjah Free Zone, contributing to your commercial success in the advanced and integrated business environment provided by the region.

Our company’s role in establishing a company in the free zone

In conclusion, when discussing establishing a company in the Sharjah Free Zone in cooperation with Itqan Company, it is clear that this partnership provides investors with an exceptional opportunity to achieve success in a distinguished business environment. By taking advantage of Itqan Company’s experience and in-depth knowledge of legal and procedural requirements, investors can carry out the establishment process efficiently and smoothly, which reduces the time and effort required and increases the chances of success.

Itqan plays a vital role in simplifying the complex procedures and providing full support at every step of the company formation process. From providing specialized advice and helping you choose the right type of company, to preparing legal documents and submitting the necessary applications, Itqan ensures full compliance with all requirements and overcomes any challenges that may arise.

Working with Itqan is not just about ensuring your compliance with the laws, but also about providing customized strategies and solutions that help you achieve your business goals. Sharjah Free Zone provides an attractive business environment thanks to the facilities it offers such as tax exemptions and customs facilities, which contribute to promoting growth and expansion.

By partnering with Itqan, investors can fully benefit from these advantages, allowing them to focus on developing their strategies and growing their businesses. Partnering with Itqan ensures that your project gets off to a strong start in a supportive and prosperous environment, contributing to sustainable success and outstanding results in the market.

Our company’s role in establishing a company in the free zone

Frequently asked questions about establishing a company in the free zone

What are the main advantages of setting up a company in Sharjah Free Zone?

Benefits include tax exemptions on profits, customs facilities, full foreign ownership of the company, a modern business environment and advanced infrastructure, and simplified procedures for company formation.

What types of companies can be established in Sharjah Free Zone?

Limited liability companies, sole proprietorships, professional corporations, and multi-shareholder corporations can be established. Each type varies based on the company’s activity and business plans.

What are the basic steps to establish a company in the Sharjah Free Zone?

The steps include choosing the type of company, choosing a trade name, preparing legal documents, submitting an application for incorporation, renting an office or headquarters, obtaining the necessary licenses and permits, and opening a business bank account.

What are the documents required to establish a company in the Sharjah Free Zone?

Documents include copies of passports and Emirates ID cards of shareholders and directors, memorandum of association, articles of association, office lease agreement, and business plan.

How long does it take to set up a company in Sharjah Free Zone?

The incorporation process usually takes from several weeks to a month, depending on the speed of preparing the documents and meeting the legal requirements.

Can foreigners fully own a company in Sharjah Free Zone?

Yes, foreigners can own 100% of companies without the need for a local partner, giving them complete control over the management of the company.

What are the fees associated with establishing a company in the Sharjah Free Zone?

Fees include licensing fees, office rental costs, legal document preparation fees, and company registration fees.