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Business setup in Sharjah
Are you considering a Business Setup in Sharjah? This dynamic emirate in the UAE offers a compelling proposition for entrepreneurs and businesses seeking to expand their operations in the Middle East. With its strategic location, investor-friendly policies, and world-class infrastructure, Sharjah has emerged as a leading business hub in the region.
Mastering the Process of Business Setup In Sharjah
Business Setup in Sharjah: A Comprehensive Guide to the Key Steps
Key Benefits of Business Setup In Sharjah
The formation costs are relatively very cheap in Sharjah for small to medium-sized companies.
It is located near Dubai and all the other emirates too, therefore its markets are accessible both at regional as well as international levels.
Sharjah free zones benefit their owners with 0% income and corporate tax benefits which increase profitability.
Sharjah opens up many sectors such as trade, manufacturing, as well as tourism, offering the business a chance at diversification.
Frequently Asked Questions about Business setup In Sharjah
Procedures to open a business in Sharjah include :
1. Selection of a trade name
2. Registration with SEDD Sharjah Department of Economic Development
3. Preparation of Memorandum of Association (MoA)
4. Application for license
5. Obtaining establishment card from Ministry of Labor
6. Registration of employees from the establishment card
Some of the key documents to be needed in the setting up of a business in Sharjah include the following:
1. Business activities verification
2. Copies of passports for shareholders and managers
3. Personal information for shareholders and managers
4. Lessor's lease agreement document
5. Legal affairs and ministry of economy approvals
The cost of setting up a business in Sharjah will vary between AED 5,000 and AED 30,000 or more depending on the requirements. Some of the factors affecting the total cost include the kind of facilities required and the number of employees.
Sharjah boasts a business-friendly environment and tax breaks and incentives to foreign investors. It has an economic and political environment but has a strategic location between Dubai and the Northern Emirates directly granting access to a large consumer market.
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