Are you looking for a guide to help you set up a company in Sharjah Free Zone? In this blog post, we will provide you with an easy to follow guide on how to set up a company in Sharjah. Read on to find out more.
Benefits of incorporation in Sharjah Free Zone:
is Create company in Free Zone in Sharjah is a great option for companies looking for an attractive and competitive environment for their operations. The free zone offers many advantages to investors, such as:
- 100% foreign ownership of the company
- Return 100% of the capital and profits
- Easy access to markets throughout the region
- Access to modern infrastructure and world-class facilities
- Access to a wide range of banking and financing options
- Simplifying company incorporation processes
- Proximity to major markets and ports
In addition, Sharjah Free Zone provides Other benefits such as a lower cost of living, access to a talented pool of local and international talent, and a vibrant business community that offers help and support. With these advantages, it is no wonder that the Sharjah free zone remains one of the most attractive business destinations in the region.
Types of companies allowed in Sharjah Free Zone:
Sharjah Free Zone offers a range of types of companies that can be incorporated and operated in the area. Available entity types include Free Zone Limited Liability Company (FZCO-LLC), Foreign Company Branch and Free Zone Corporation (FZE). All of these entities offer a range of benefits, such as 100% foreign ownership and exemption from personal, corporate, and income taxes. In addition, companies operating in the Sharjah Free Zone are exempt from foreign exchange controls with access to a highly skilled workforce.
Required documents for establishing a company in Sharjah Free Zone:
When you decide to set up a company in Sharjah Free Zone, you will need to follow some simple steps and submit the necessary documents. The documents required for incorporation in the Sharjah Free Zone include the Certificate of Incorporation, Memorandum of Association, Articles of Association, and Shareholders Agreement. In addition, you will need to provide valid identification documents, such as your passport and proof of address. Furthermore, you must also submit a copy of the company's Memorandum and Articles of Association, along with the certificate of incorporation and any other documents required by Sharjah Free Zone.
The steps involved in setting up a company in Sharjah Free Zone:
If you have made the decision to set up a company in Sharjah Free Zone, you will need to know the steps involved in the process. The first step is choosing the type of company that best suits your business needs. There are a number of different types of companies that can be set up in the Sharjah free zone, such as a limited liability company, a branch of a foreign company, and a free zone limited liability company (FZCO-LLC).
Once you have determined the type of company you wish to incorporate, the next step is to submit the required documents. This includes the Articles of Incorporation, Memorandum and Certificate of Incorporation/Registration.
The next step is to apply for a company license. This must be done through the relevant authority in the Sharjah Free Zone and the relevant documents must be submitted. Once the license is approved, the company can start operations.
The final step in the company incorporation process is securing an office space. All companies in the Sharjah Free Zone must have registered offices in order to operate. This office space must meet the requirements specified by the Sharjah Free Zone Authority. Once the office space and company license are secured, the company can start operating.
With the right guidance, setting up a company in Sharjah Free Zone can be easy and rewarding. It is important to ensure that the required documents are submitted correctly and to take the necessary steps to ensure that the company is properly incorporated. It is also important to ensure that all licensing requirements are met to ensure that the company is operating legally.
Incorporation costs in Sharjah Free Zone:
Establishing a company in the Sharjah Free Zone is an attractive option for international investors, as the cost of doing business is generally lower than in other jurisdictions. Incorporation costs and fees vary according to the type of company under incorporation and the services required. This cost includes registration fees, licensing fees, and other related costs. It is important to note that additional fees may be incurred depending on the type of activity and the number of employees in the company. In addition, companies must pay an annual licensing fee, in addition to any other fees related to their operations.
Licensing requirements for Sharjah Free Zone companies:
In order to successfully run a business in Sharjah Free Zone, a company must obtain the necessary licenses and permits. Depending on the type of business, a license may be required from the Department of Economic Development, Department of Environmental Protection and Safety, Department of Planning and Survey, Department of Human Resources, or Sharjah Chamber of Commerce and Industry. Companies must also obtain a trade license from the Department of Economic Development and a Certificate of Good Reputation from the Sharjah Chamber of Commerce and Industry. Companies must also comply with all applicable licensing requirements in their particular field, such as medical or educational licenses.
Office space requirements for Sharjah Free Zone companies:
When it comes to setting up a company in Sharjah Free Zone, one of the basic requirements is to have an office or workspace. Different companies may need different types of office space depending on the type of business they run, the size of the business, and the number of employees. Depending on the free zone, office space can be rented or purchased. Companies in the Sharjah Free Zone have the option to rent office space in one of the many modern malls and industrial parks or they can purchase commercial properties within the area. Business owners should consider the location and facilities of the offices to ensure that they meet the needs of their business.
What are the taxes imposed on companies incorporated in the Sharjah Free Zone?
For companies operating in the Sharjah Free Zone, the main advantage is the tax exemption they receive. The value of taxes imposed on companies varies according to the size of the company and the general activity it carries out, and the tax value is determined by the tax audit committees. Also, some companies and activities are exempted from customs duties according to the system and policy of the internal region. This makes Sharjah Free Zone an attractive option for companies looking to reduce their tax liabilities.
