Sharjah Free Zone is one of the most prominent investment destinations in the UAE, providing a conducive environment for business growth and company establishment. Thanks to its strategic location and advanced infrastructure, Sharjah Free Zone allows companies to access multiple markets with ease.

Establishing a company in Sharjah Free Zone requires a thorough understanding of the requirements and procedures related to business licensing. The free zone offers many advantages, including the possibility of full foreign ownership, which allows foreign investors to establish their companies without the need for a local partner. The free zone also offers a variety of activities including trade, industry, and services, which opens up broad horizons for investors to expand and grow.

The process of establishing a company includes several basic steps, starting from choosing a trade name and determining the type of legal entity, all the way to submitting the required documents and paying the necessary fees. In addition, the free zone provides integrated services through service centers, making it easy for investors to obtain guidance and support during the establishment process.

In addition, Sharjah is a diverse cultural and educational center, which enhances its attractiveness as an investment destination. By encouraging innovation and promoting the spirit of entrepreneurship, the free zone contributes to supporting the local economy and providing new job opportunities.

In conclusion, the process of establishing a company in the Sharjah Free Zone represents a strategic step for investors who wish to benefit from the many advantages it offers, which contributes to achieving their business goals and investment ambitions.

Advantages of establishing a company in the Sharjah Free Zone

Establishing a company in the Sharjah Free Zone provides many advantages that make it an attractive option for investors. Here are some of these advantages:

Full ownership: It allows foreign investors to own the company 100% without the need for a local partner.

Tax exemptions: Companies in the free zones enjoy exemption from corporate taxes for up to 50 years, with the possibility of renewal.
Transportation and logistics facilities: The Sharjah Free Zone provides advanced infrastructure and integrated logistics services, including access to ports and airports, which facilitates the movement of goods.
Ease of procedures: The process of establishing companies in the Sharjah Free Zone enjoys fast and efficient procedures, which reduces the time required to establish a company.
Work Visas: Investors can easily obtain work visas for their employees, with the possibility of issuing a large number of visas depending on the size of the company.
Advanced Facilities: The free zone provides modern office, industrial and commercial facilities, allowing investors to choose the most suitable for their needs.
Market Expansion: Sharjah offers a strategic location that provides access to the markets of the GCC and MENA countries.
Government Support: The Sharjah government provides various support programs for investors, including legal advice and assistance with procedures.
Diversity of Business Activities: Free zones allow the establishment of companies in a variety of sectors such as trade, industry, services and technology.
Exceptional Privileges: These include privileges such as no restrictions on transferring profits abroad and no currency restrictions.

Documents required to establish a company in the free zone

Establishing a company in the free zone requires the submission of a set of necessary documents. These documents vary slightly depending on the type of business activity and the legal structure of the company, but there are basic common documents. Here is a list of documents required to establish a company in the free zone:

Incorporation application: An incorporation application form that includes details about the company and the type of activity.
A copy of the passport: A copy of the passport must be submitted for all partners and investors.
A personal photo: Recent personal photos of the partners and investors, which may be certified or colored.
A business plan: A summary of the proposed business activity, including the company’s objectives, and the services or products offered.
Proof of residential address: A document proving the residential address of the partners, such as an electricity bill or a lease agreement.
Determining the company name: Choosing a trade name that is in line with local regulations, with alternative options provided if the first name is not accepted.
Lease contract: A lease agreement for an office or commercial space in the free zone, with the submission of documents proving the site’s insurance.
Certificates and accreditations: Some businesses may require the submission of special certificates or accreditations, such as health certificates for food activities.
Power of Attorney: In the event that there is an agent or person authorized to carry out the registration procedures, a power of attorney must be submitted.
Tax Registration: In some cases, registration in the local tax system may be required if the business activity is subject to taxes.
Shareholder Disclosure Form: A form may be required to show personal and financial information about the shareholders.
Proof of Capital: A document proving that the required capital has been deposited in a local bank account.

Procedures required to establish a company in the free zone

Here are the basic procedures that must be followed to establish a company in a free zone:

Choosing the company activity: Determining the company activity that you wish to practice in the free zone.
Choosing the type of company: Determining the appropriate type of company such as a sole proprietorship or a limited company.
Choosing the location: Choosing the appropriate free zone for the company activity and ensuring that it is compatible with the needs of the business.
Determining the trade name: Choosing and registering the company name that represents its activity.
Determining the partners and shareholders: Determining the partners and determining their shares in the capital.
Determining the capital: Determining the capital required to establish the company.
Submitting the registration application: Submitting an application to register the company with the competent authorities in the free zone.
Obtaining licenses and permits: Obtaining the government licenses and permits necessary to start the business activity.
Opening a bank account: Opening a bank account for the company in an approved bank in the region.
Office Securing: Securing an office for the company within the free zone.
Submitting the required documents: Submitting the documents required by the competent authorities to complete the registration process.

Types of Licenses in Sharjah Free Zone

In Sharjah Free Zone, there are several types of licenses that can be obtained to establish companies and businesses. Here are some of the main types of licenses that can be obtained in Sharjah Free Zone:

Industrial License: Allows companies to carry out manufacturing and production activities in the free zone.
Trading License: Allows companies to carry out trading activities and sell products in the free zone.
Service License: Allows companies to provide services and consulting in the free zone.
Import/Export License: Allows companies to deal in import and export operations to and from the free zone.
Warehouse License: Allows companies to establish and operate warehouses to store goods in the free zone.
Limited Liability Company License: Allows companies to establish a limited joint stock company in the free zone.
Sole Establishment License: Allows individuals to establish a sole proprietorship to conduct business in the free zone.

In conclusion, establishing a company in the Sharjah Free Zone is an exciting and opportunity-filled investment option. The Sharjah Free Zone is one of the most prominent business destinations in the UAE, combining a flexible business environment, advanced infrastructure, and attractive incentives for investors. The availability of full foreign ownership, in addition to tax exemptions, makes Sharjah an attractive place for investors from all over the world.

Establishing a company in the free zone gives investors the ability to access regional and international markets effectively, thanks to its strategic location that facilitates the movement of shipping and trade. The free zone also provides a wide range of business options, from industrial companies to logistics and technology, reflecting the diversity of the UAE economy and allowing investors to choose the field that suits their vision and goals.

Despite the ease of procedures and speed of establishment, investors must be prepared with awareness and knowledge of all legal and procedural requirements. It is essential to understand local regulations and potential changes in laws that may affect the business.

Ultimately, establishing a company in Sharjah Free Zone is a strategic step towards achieving success and growth in the business world. Commitment to careful planning and cooperation with the relevant authorities can enhance the chances of success and contribute to building a prosperous future. So, get ready to explore the opportunities that Sharjah Free Zone has to offer, and start your journey towards success in a sophisticated and encouraging business environment.

Top FAQs about establishing a company in Sharjah Free Zone

What is Sharjah Free Zone?
Sharjah Free Zone is a special economic zone that aims to attract investments by offering incentives such as tax exemptions and foreign ownership facilities.

What are the benefits of establishing a company in Sharjah Free Zone?
The benefits include full foreign ownership, tax exemptions, no tax on profits, and the ability to import and export goods easily.

What types of companies can be established in Sharjah Free Zone?
Many types of companies can be established such as commercial, industrial, service, and limited liability companies.

How long does it take to establish a company in Sharjah Free Zone?
The establishment process can take from two days to two weeks, depending on the type of company and the efficiency of submitting the documents.