Sharjah, one of the fastest-growing emirates in the UAE, offers a business-friendly environment, affordable setup costs, and access to a strategic market. Whether you're a budding entrepreneur or an established company looking to expand, Sharjah is an ideal destination to set up a business. This blog outlines the easy steps to start your business in Sharjah.
1. Choose Your Business Activity
The first step in setting up a business in Sharjah is selecting the right business activity. Sharjah allows a wide range of activities in sectors like trading, manufacturing, consultancy, and services. Your chosen activity will determine the type of license required (Commercial, Industrial, or Professional).
2. Decide on the Legal Structure
Choosing the correct legal structure is crucial. Common business structures in Sharjah include:
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Limited Liability Company (LLC)
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Sole Establishment
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Branch of a Foreign Company
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Free Zone Company
If you aim for full foreign ownership and tax benefits, a free zone setup might be ideal. However, if you want to trade directly within the UAE market, a mainland setup like an LLC would be more suitable.
3. Select a Trade Name
Pick a unique and relevant trade name for your business. Make sure it complies with the naming guidelines provided by the Sharjah Economic Development Department (SEDD). Avoid names that include religious references, political terms, or existing trademarks.
4. Apply for Initial Approval
Submit your application to the SEDD or the relevant free zone authority to get initial approval. This step confirms that the government has no objection to your proposed business activity and structure.
5. Choose a Business Location
You can set up your office on the mainland or in one of Sharjah’s many free zones, such as:
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Sharjah Media City (Shams)
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Sharjah Airport International Free Zone (SAIF Zone)
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Hamriyah Free Zone
Each free zone offers industry-specific facilities, cost-effective packages, and streamlined services.
6. Draft the Memorandum of Association (MOA)
For LLCs or partnerships, the MOA outlines the roles, responsibilities, and ownership shares of partners. The MOA must be notarized and submitted along with other documents.
7. Submit Documents and Pay Fees
The required documents typically include:
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Passport copies of shareholders
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Visa copies (if applicable)
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MOA (for LLCs)
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Lease agreement for office space
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Trade name reservation certificate
After submission, you’ll need to pay the relevant license and registration fees.
8. Get Your Business License
Once the application is approved and all payments are made, the authority will issue your business license. This license legally allows you to operate in Sharjah.
9. Apply for Visas and Open a Bank Account
After licensing, you can apply for residency visas for yourself, employees, and family members. You should also open a corporate bank account to handle your business transactions efficiently.
Final Thoughts
Sharjah offers a supportive and cost-effective environment for entrepreneurs. By following these simple steps and working with a trusted business setup consultant, you can launch your venture smoothly and start tapping into the UAE’s dynamic market.
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