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Company Formation in Sharjah Free Zone

Sharjah Free zone is a key business hub in Sharjah, UAE, designed to attract foreign investment and boost economic growth. It includes different industries such as trading, manufacturing, logistics, and services, making it a perfect place for businesses of any size. The free zone functions based on certain rules and regulations created to ease business operations and ensure adherence to local laws. Companies must follow the laws established by the Sharjah Economic Development Department, which involve acquiring the proper permits, obeying labor laws, and meeting health and safety requirements.

Company Formation in Sharjah Free zone

Free Zones in Sharjah

Sharjah has several well-established free zones, to support different businesses and industries. Whether you’re a startup, a large manufacturing company, or a media agency, Sharjah’s free zones provide options that make it easier to set up and grow your business with access to great facilities, flexible licensing, and supportive policies. Here are the main free zones in Sharjah:

  • Hamriyah Free Zone
  • Sharjah Airport  International Free Zone
  • Sharjah Media City Free Zone
  • Sharjah Publishing City Free Zone

 

Hamriyah Free Zone

Established in 1995, Hamriyah Free Zone (HAFZA) is one of Sharjah's top business hubs with over 6,500 companies. It provides full foreign ownership, zero import duties, and convenient land, sea, and air access, making it an ideal option for global companies.  HAFZA offers licenses for commerce, professional, and industrial operations and convenient on-site amenities such as labor housing and customs services.  

Sharjah Airport  International Free Zone

SAIF Zone, situated near Sharjah International Airport and founded in 1995, is a well-known business establishment option in the UAE. It provides full foreign ownership, no income tax, and multiple setup choices with available plots, warehouses, and offices. SAIF Zone offers licenses for trading, services, and industrial activities. SAIF Zone is an ideal option for investors and business advisors looking for a trustworthy, well-connected location in the UAE with convenient on-site customs payment services.

Sharjah Media City Free Zone

Shams Free Zone, founded in 2017, serves as a center for media, creative, and digital enterprises, fostering innovation and entrepreneurship in the UAE. It permits full foreign ownership and provides flexible licensing choices for media production, advertising, and IT services. SHAMS provides affordable setup packages, making it popular among freelancers, startups, and established companies. It has a simplified setup process and is located with easy access to major transportation routes. SHAMS Free Zone is known for its supportive business environment, helping creative ventures grow and thrive in the region.

Sharjah Publishing City Free Zone

Sharjah Publishing City Free Zone (SPC Free Zone) is a special area established in 2017 to focus primarily on publishing and printing businesses. Its strengths include specialized facilities for print presses, publishing services, and easy distribution networks. Therefore, this free zone would be ideal for content creation-based businesses, book production businesses, and digital media as a base of operations because of its strategic location giving easy access to global markets

 

Benefits of Operating in Free Zone

  • Multiple specialized free zones
  • 100% project ownership
  • 100% import/export tax exemptions
  • Governed by specific regulations
  • 100% capital and profit repatriation
  • No personal income tax
  • Easy startup and licensing
  • Mandatory office space requirement
  • Modern infrastructure and policy

 

Licenses for Company Formation in Sharjah Free Zone

These licenses help businesses in the Sharjah Free Zone operate legally and efficiently in their respective industries.

  • Commercial License: A Commercial License is for companies that buy, sell, or trade goods. The Free Zone Authorities issue this license and allow businesses in the logistics, car rental, and real estate sectors to operate.
  • Trading License: A Trading License is for businesses importing, exporting, and distributing products. It requires a physical office in the free zone and covers retailing and wholesale trading
  • Professional License: A Professional License is for companies that provide services instead of products. This includes businesses like law firms, medical services, and consulting agencies. To legally operate in their fields, these professionals need the appropriate licenses

 

Steps to Establish a Business in Sharjah Free Zone

1. Choose the Free Zone
Research different free zones in Sharjah to find the one that best suits your business type. Each free zone offers unique benefits tailored to specific industries.

2. Decide on Business Activity and Trade Name
Determine the business activity you want to pursue and choose a unique trade name. Ensure the name adheres to the free zone’s naming regulations.

3. Prepare Required Documentation
Gather all necessary documents, including a business plan and passport copies of shareholders. To avoid missing any documents, check the specific requirements of the chosen free zone

4. Submit Application
Complete the application forms and submit them with your documentation to the free zone authorities. Pay the required fees to initiate the approval process.

5. Set Up Office Space
Choose and establish your office space within the free zone, whether a shared office, private office, or warehouse. Ensure the space meets your business needs and complies with local regulations.

6. Obtain Business License
After your application is approved, obtain your business license from the free zone authorities. 

Following these steps, you can successfully launch your business in the Sharjah Free Zone and take advantage of the numerous opportunities.

 

Guide to Securing a Business License in Sharjah Free Zone

This guide outlines the essential steps and requirements for obtaining a business license in the Sharjah Free Zone, enabling you to establish your business successfully.

  • Initial Approval 
  • Registration
  • Visa and Licensing Process

 

Initial Approval

First, you need initial approval by providing:

  • Completed application form
  • Business plan
  • Copy of existing trade license/registration certificate (for local companies)
  • Colored passport copies of shareholders and the Manager/Director
  • Specimen signatures of shareholders and the Manager/Director
  • Two years of audited financial reports for corporate entities or a bank reference for individuals
  • NOC from the current sponsor (for individuals)
  • Unit title deed
  • Letter of Intent
  • Notarized Registry Identification Code Form (RIC) for the Manager/Director

 

Freelancers need to submit fewer documents, such as:

  • Registration application
  • CV
  • Bank reference letter
  • Notarized Registry Identification Code Form (RIC)

 

Registration

After obtaining initial approval, you must pay the registration and license fees, which vary based on the license type. Next, submit the following:

  • Completed registration application
  • Notarized and attested Board Resolution appointing the Manager/Director
  • Notarized and attested Power of Attorney for the Manager/Director
  • Notarized and attested Memorandum and Articles of Association
  • Notarized and attested specimen signature of the Manager/Director
  • Passport-sized photo of the Manager/Director on a white background
  • Share capital information

 

Licensing and Visa Process

The authority will prepare lease agreements, followed by the issuance of the trade license. Visa processing will then begin. Keep in mind that some activities may require approval from external authorities.

 

Advantages of Business Registration in Sharjah Free Zone

  • Full Exemption on Imports and Exports: Enjoy 100% exemption on all import and export duties.
  • No Currency Limitations: There are no restrictions on currency transactions.
  • Full Ownership: Complete ownership of the business is allowed.
  • Single License for Multiple Ventures: One license can cover several business activities.
  • Zero Corporate Personal Income Taxes:  No corporate or personal income taxes.
  • Easy Access to Major Ports and Sharjah International Airport: Convenient access to large ports and Sharjah International Airport
  • Diverse Business Activities: A wide range of business activities are supported.
  • Access to Local and Regional Markets: Gain entry to local and regional markets.

 

Why Partner with Us

Partnering with Reyson Badger to set up a company in Sharjah Freezone makes the process straightforward. Our team offers personalized support and expert advice, helping you navigate the setup requirements smoothly. We provide customized support in choosing the right free zone, securing the necessary licenses, and handling documentation. our knowledge of the local market, we save you time and effort. Our competitive pricing and commitment to your success ensure your business has the best chance to thrive in Sharjah Freezone

 


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