Start Business in Sharjah Free Zones

SHARJAH FREE ZONES

Sharjah free zones are significant in drawing outside capital and advancing the emirate’s economic growth.

The Emirate of Sharjah have a specialized economic zone known as a “Sharjah Freezones” offers businesses and investors a range of incentives and benefits with the goal of promoting economic growth, industrial development, and diversification while also drawing in foreign investment.

Thus, from 1995 when the first Sharjah freezone was created, Sharjah has created several other freezones, like each of which serves a different set of commercial interests and industries. A lot of business activities are available in Sharjah freezones. The particular business opportunities that are allowed for establishment in Sharjah may vary based on the objectives and rules of each of its particular freezones. The businesses that are covered by Sharjah’s freezones include small companies, media, and Technology.

Right now, entrepreneurs and business owners have the option of setting up their enterprises in any of the following zones:

• Sharjah Airport International Freezones (SAIF Zone)
• Hamriyah Freezones (HFZ)
• Sharjah Media City (Shams)
• Sharjah Publishing City Freezones (SPC Freezones)
• Sharjah Research, Technology, and Innovation Park (SRTIP)

Each one of the freezones in Sharjah have unique advantages and is having different industries and with different business needs, this makes Sharjah a unique and attractive destination for a variety of businesses.

Freezones are made to support businesses and activities. Every Freezones has its own rules, regulations, and approved activities. They are frequently perfect for companies in the logistics, technology, import and export, and warehousing sectors. The specific requirements and conditions can be different in between different freezones in Sharjah. Therefore, it is crucial to consult with the relevant freezones authority. Seek the guidance of Al Moheet who can provide detailed information based on your specific business needs and objectives.

Let's Talk

Free Consultation

Calculate Your Business Setup Cost

Types Of UAE Free Zone Trade Licence

On the UAE free zone, businesses can be divided into four main licences depending on their activity type: General Trading, Commercial,
Industrial and Service. Below is a general look at each licence type.

General Trading Licence

A general trading licence in the UAE allows a company to sell, distribute, store, import, export, and re-export various goods under one licence. It covers a wide range of activities such as trading in foodstuff, furniture, electronics, and more. The licence provides flexibility within the Freezone as it permits a broad scope of commercial activities without tying down the company to specific lines of goods. However, specific activities may require a No Objection Certificate (NOC) for special approvals.

Commercial Licence

A commercial licence is necessary for companies selling products or services within the UAE and abroad. Any entrepreneur conducting economic activities in Dubai needs to apply for a commercial licence. This licence permits the purchase and sale of products and specified services. It allows for importing and selling items in the UAE, exporting them outside the country, or trading within the local market within the Freezone.

Industrial Licence

An industrial licence in the UAE is provided by a free zone’s authority and allows investors and entrepreneurs to manufacture products within the relevant free zone jurisdiction. The licence enables the import of raw materials for production and the export of finished products overseas. Businesses involved in industrial or manufacturing processes should apply for this permit, which covers importing raw materials, production, and packaging for export.

Service Licence

The service licence permits the licensee to carry out specified services within the Free Zone, such as logistics, courier services, insurance provision, travel and tour services, car rental, consulting, and staffing. Additionally, it allows accounting, legal, and business consulting organizations to operate. This licence is meant for professionals in various fields who provide specialized services, including business consulting, IT services, accounting, auditing, legal services, and other professional services.

Dubai Free Zones

Businesses in the Dubai Free Zone trade goods and services while taking benefits of unique tax and foreign ownership regulations.

Legal Forms For Company Formation In UAE Free Zones

The legal forms available for company registration in UAE free zones have been modified to meet the needs of different business kinds and investment levels. Below is a summary of the main corporate organizations and applicable legal frameworks found in UAE’s free zones:

Free Zone Establishment (FZE)

A Free Zone Establishment (FZE) registration allows for a single shareholder to form a company. This shareholder can be an individual (person) or a corporate shareholder.

FZCO (Free Zone Company) ( FZ- LLC)

An FZCO is essentially a multiple shareholder or a partnership freezone firm where there is more than one shareholder in the company with a maximum of 50 shareholders.

Branch of a Foreign Company

A branch is a separate legal entity , under the control of the parent foreign company . It is used in the UAE as a marketing tool for the parent company.

Branch of a UAE Company

A branch office setup is a separate office or branch of an existing company. The local company already has a license in the UAE. Hence, this is an expansion of the local business.

Why Sharjah Free zone For Your Company Formation?

Businesses can start very quickly and effectively in Sharjah free zones with its smooth processes.

Trading Activities, Industrial Activities, Media, Information Technology and Software Development are some of the business activities that are allowed within the Sharjah free zones especially in Sharjah publishing city freezone.

SAIF Zone was developed with the purpose of attracting and encouraging foreign investments and companies by utilizing Sharjah’s favourable location and strong infrastructure. Hamriyah free zone is a centre for several industrial and commercial properties. The specific requirements and restrictions can be different in freezones.

Employers in Sharjah Free zones have easy access to Sharjah’s workforce for hiring requirements. Investors can return 100% of their profits and capital without any restrictions, with complete financial flexibility.

Standard Required Documents to Start the Business Setup Process In UAE Mainlands

Let’s launch your business with success! Ensure you have all the necessary documents ready to streamline the setup process!

Your Guide To Setting Up A Business In UAE Mainlands

Your business setup checklist is ready. Let’s launch your business with success!

We Al Moheet Consultants will assist you in mainland company formation in Dubai from A to Z without any hassles and provide you post launch assistance for your visas and all corporate services that you might need in the future.

Frequently Asked Questions

Common Questions About Business Setup in the Sharjah Free Zones

What is the cheapest license in Sharjah freezones?

Sharjah free zones license cost depends on various factors, such as office rent, visa fees, and other expenses related to business setup. Sharjah business license at SPC Freezones, which is considered one of the most cost-effective freezones in the UAE, starts from AED 5750.

What are the reasons for the variation in company registration and annual renewal fees in Sharjah Freezones?

Sharjah company registration and the associated annual renewal fees can vary depending on several factors, including the type of business activity, the size of the office space, and the specific freezones within Sharjah you choose.

Will the Government or the Freezones Authority provide finance for projects?

At present, neither the government nor Sharjah free zones provide monetary support for investments. However, there are over 40 international banks throughout Sharjah that will provide finance.