07 Jun Steps to establish a company in the Sharjah Free Zone
Establishing a company in the Sharjah Free Zone is considered an important strategic step for those wishing to enter the business market in the emirate. In cooperation with Itqan Company, this process becomes easier and more effective. Itqan Company provides its distinguished services to assist in all aspects of establishing a company, starting with choosing the appropriate business activity and ending with providing legal and financial advice. Sharjah Free Zone is an ideal environment for business as it provides many advantages such as economic stability and advanced infrastructure. If you want to take advantage of the business opportunities available in Sharjah, establishing your company in the Sharjah Free Zone in cooperation with Itqan will be a successful and future step. We will learn about many details of establishing a company in the Sharjah Free Zone.
Steps to establish a company in the Sharjah Free Zone
Establishing a company in the Sharjah Free Zone
Establishing a company in the Sharjah Free Zone in cooperation with Itqan Company represents an important strategic step for those wishing to enter the business market in the emirate. Itqan Company provides full support to investors in all stages of establishing the company, from assistance in choosing the appropriate business activity to obtaining the necessary licenses and establishing the company with the least cost and effort. Itqan Company also provides specialized legal and financial consultations that ensure full compliance with local laws and regulations. Thanks to its experience and specialization in the field of company establishment, Itqan Company ensures that the company establishment process in the Sharjah Free Zone is smooth and successful, which contributes to building a strong foundation for the company’s success in the local and regional market.
The Sharjah Free Zone is considered an ideal environment for investment due to its availability of advanced infrastructure and distinguished customs facilities, in addition to significant government support for emerging and medium-sized companies. In cooperation with Itqan Company, businessmen can take full advantage of the business opportunities available in the Sharjah Free Zone, and build a successful company that contributes to strengthening the local economy and achieving sustainable success.
Costs of establishing a company in the free zone
The costs of establishing a company in the Sharjah Free Zone vary based on the type of company and business activity, and may include as follows:
- License fees: depend on the type of company and commercial activity, and vary from one free zone to another.
- Establishment and registration fees: Includes fees for establishing the company and registering it in the free zone.
- Legal and accounting consulting fees: These fees can be part of the services of the company you collaborated with to establish the company.
- Office and utility costs: May include renting an office, securing necessary facilities, and maintenance costs.
- Required Capital: Some types of companies may require specific capital.
- Additional services fees: such as logistical and marketing services that the company may need.
- Accommodation and Visa Fees: If you have employees who require accommodation and visas.
- Other government fees: such as visa fees and licenses required for work.
To obtain precise details about the costs, it is preferable to consult a consulting company specialized in establishing companies in the Sharjah Free Zone or consult the websites of the relevant local authorities.
Steps to establish a company in the free zone
Establishing a company in the free zone requires following a series of important steps to ensure the establishment of a successful company that is compatible with local laws. The following steps must be followed:
- Choosing the type of company: Before starting, you must determine the type of company you want to create, such as a sole proprietorship or a limited liability company.
- Choosing a business activity: Determine the business activity that the company will practice, and ensure that the required activity licenses are available.
- Choosing a company name: Choose an appropriate name for the company and make sure it is not similar to the names of other companies.
- Submitting a license application: Submit a license application to the competent authority in the Sharjah Free Zone, and you may need to submit some documents such as a passport and a personal photo.
- Signing the agreements: After approving the license application, sign the necessary agreements, such as the partners’ contract if the company is a limited liability company.
- Payment of fees: Pay the fees required to obtain the license and establish the company.
- Obtaining the final license: After completing the previous procedures, you will obtain the final license that allows you to practice your business in the Sharjah Free Zone.
- Establishing the company: Establish the company, determine its organizational structure, and appoint the person responsible for managing it.
- Opening a bank account: Open a bank account in the company’s name to manage financial operations.
- Compliance with Laws and Regulations: Make sure to comply with all local laws and regulations in the Sharjah Free Zone to avoid any future legal problems.
Advantages of establishing a company in the Sharjah Free Zone
Establishing a company in the Sharjah Free Zone provides many advantages and benefits that make it an ideal choice for businessmen and investors, including:
- Economic stability: The emirate has a stable investment environment and a distinct geographical location that makes it a major economic center in the region.
- Advanced Infrastructure: The Sharjah Free Zone provides advanced infrastructure that includes ports, airports, roads, and communications, which facilitates the movement of goods and trade.
- Customs facilities: The free zone provides customs facilities that include exempting companies from duties and taxes on import and export.
- Simple procedures for establishing: The Sharjah Free Zone provides simple and quick procedures for establishing a company, which saves time and effort for entrepreneurs.
- Government support: The Sharjah government provides significant support to startups and medium-sized companies through various programs and initiatives that promote business growth.
- Flexible laws: The free zone has flexible and modern legislation that facilitates the work of companies and protects their rights.
- Access to regional and global markets: The free zone provides a strategic presence through which companies can access regional and global markets easily.
Procedures for registering a company in Sharjah:
Registering a new company and issuing a license requires:
- Trade name registration certificate.
- License form.
- Technical evaluation report on the company’s activities.
- Approvals from official authorities according to activity.
The application is examined after completing the procedures for registering a company in Sharjah, and then paying the fees due to obtain the license and register the company to start work.
Types of companies available in the Sharjah Free Zone
In addition to choosing the appropriate license for your general activity, you must also choose the legal form of the company from among the types of companies available in the Sharjah Free Zone:
- Free Zone Enterprise (FZE): A limited liability enterprise owned by only one person.
- Free Zone Company (FZC): A limited liability company owned by more than one person.
- Branch company for companies registered in the United Arab Emirates only.
- Branch of a foreign company: for companies established in the Gulf Council countries or any other country.
Commercial register in Sharjah
In Sharjah, commercial registers are one of the main tools that contribute to organizing and regulating commercial activities within the emirate. The commercial registry constitutes a central database that maintains comprehensive information about registered companies and commercial institutions, and allows investors, consumers, and government agencies to access this information easily and transparently.
Documents and papers to establish a company in the free zone
To establish a company in the Sharjah Free Zone, you usually need to submit a set of documents. This is a general list, the details of which may vary depending on the type of company and its activity:
- Company license application form: It contains company details such as its name, activity, and headquarters.
- Copy of the founders’ passport: A copy of the passport of both the founders and partners is required.
- Personal photos: Personal photos of the founders and partners must be submitted.
- Proof of address: An electricity bill or rental contract can be used as proof of the address of the company’s headquarters.
- Commercial registration of the company: If the company is already registered in another country, the commercial registration must be submitted.
- Previous license, if any: If the company has previously obtained a license in another country, a copy must be submitted.
- Payment of fees: The fees required to register and establish the company must be paid.
- Partners Contract: If there are partners, a partners contract must be prepared and signed.
- Founders’ signatures: All founders and partners must sign the necessary documents.
- Power of Attorney Form with Signature: Both founders and partners need to submit a power of attorney form allowing another person to represent them in legal proceedings.
Remember that the exact requirements for company incorporation in the Sharjah Free Zone should be checked with Itqan, as the requirements may vary slightly based on the type of company and business activity.
Necessary procedures for establishing a company in the free zone
To establish a company in the free zone in cooperation with Itqan Company, several important procedures must be followed. First, you must determine the type of company to be created, whether it is a sole proprietorship, limited liability company or partnership. Then, you must choose the appropriate business activity and ensure the availability of the required capital in accordance with local laws. After that, the application and all required documents must be submitted to the competent authorities in the free zone. This includes ID photos, personal photos of the founders, the company’s articles of incorporation, and the necessary permits. After approval, the company’s official headquarters is determined and the necessary contracts are signed. Finally, the final license to start work is received. These procedures are essential to ensure the establishment of a successful company in the free zone in cooperation with Itqan Company.
When the previous procedures are completed and the license is obtained, the company can start conducting its business legally. After incorporation, Itqan Company provides the necessary support to the company to ensure its continued success, including legal, accounting and administrative consultations. Itqan works to provide services that meet the needs of emerging and medium-sized companies, making it a valuable partner in the growth and expansion journey of companies operating in the Sharjah Free Zone.
Advantages of establishing a company in the Sharjah Free Zone
Types of licenses in the Sharjah Free Zone
The Sharjah Free Zone allows many services provided that companies practice activities registered with their own licenses only . To establish a company in the free zone, you need to obtain a Sharjah Free Zone license . There are many types of Sharjah Free Zone licenses, and these are the most important types of licenses:
| Type of license | the description |
|---|---|
| Commercial license | It is permitted to practice the commercial activity specified in the license within the Sharjah Free Zone, and is usually for joint stock companies and limited liability companies. |
| Industrial license | Products are allowed to be manufactured within the Sharjah Free Zone, and this is usually for industrial companies that need large spaces to produce their products. |
| Services license | It is permitted to provide services within the Sharjah Free Zone, such as consulting, engineering, commercial, and logistical services, and is usually for companies that provide services without manufacturing products. |
| Free trade license | A company is allowed to conduct trade freely within and outside the Sharjah Free Zone, without imposing customs duties, and is usually for companies that mainly deal with trade and distribution. |
| Commercial center license | It is permitted to establish a commercial center that provides services to companies located in the Sharjah Free Zone, such as logistics, customs clearance and distribution services, and is usually for companies that wish to provide services to other companies within the zone. |
| Technical center license | It is permitted to establish a research, development and innovation center within the Sharjah Free Zone, usually for companies working in the fields of technology, innovation and development. |
| Subsidiary company license | It is allowed to establish a subsidiary of a main company in the Sharjah Free Zone, usually for companies that want to expand their business and manage their operations through an independent subsidiary. |
In short, establishing a company in the Sharjah Free Zone is an important strategic step for those wishing to enter the business market in the emirate. The Sharjah Free Zone provides advanced infrastructure and distinguished customs facilities, in addition to significant government support for emerging and medium-sized companies. By benefiting from the support provided by Itqan, entrepreneurs can avoid common obstacles and build a successful company in a stimulating investment environment. Itqan Company provides the necessary experience and specialization to guide investors through the process of establishing the company and providing the necessary legal and financial support. Thanks to this cooperation, entrepreneurs can take full advantage of the growth and expansion opportunities in the business market in Sharjah and the surrounding region.
In short, establishing a company in the Sharjah Free Zone represents an exciting opportunity for those who want to build their careers and achieve success in the business world. This option allows investors to benefit from a favorable business environment and government facilities that encourage innovation and growth. Through Itqan Company, you can obtain the necessary support and advice to overcome challenges and achieve success in this field. In cooperation with the Itqan team, entrepreneurs can turn their vision into reality and build a successful company that contributes to advancing the economy and promoting development in the region.
Frequently asked questions about establishing a company in the Sharjah Free Zone
What are the taxes applied to companies in the Sharjah Free Zone?
Companies in the Sharjah Free Zone enjoy exemption from income taxes for a limited period, after which a request can be submitted to benefit from the exemption for an additional period.
Can foreign companies establish branches in the Sharjah Free Zone?
Yes, foreign companies can establish branches after obtaining the necessary permits.
How can I obtain work permits for employees?
Permit applications are submitted to the Human Resources Department in the free zone, and procedures vary based on the type of permit required.
What are the basic steps to establish a company in the Sharjah Free Zone?
The basic steps include choosing the type of company and business activity, submitting a license application, submitting the required documents, and paying the related fees.
What types of companies can be established in the Sharjah Free Zone?
Companies such as sole proprietorships, joint stock companies, limited liability companies, and subsidiary companies can be established.