With a strong bend towards art and historical preservation, Sharjah is famous as the cultural capital of the UAE. The city is a hub for business and education, taking strides towards becoming a stronghold of innovative entrepreneurial ventures. Sharjah Research Technology and Innovation Park was established in 2016 by a royal decree to foster it as the centre for technology, research, and innovation in various fields. The foundation of this development in the UAE is a triple helix collaboration between government, academia, and business. Let’s learn more about the SRTIP free zone here.
Benefits of Business Setup in SRTIP
Setting up a company in the Sharjah Research Technology and Innovation Park free zone offers various advantages that are conducive to business growth. Take a look:
Diverse Business Activities
100% Foreign Ownership
Dual Licensing
No Paid-Up Share Capital Required
Cost-Effective Business Setup
Inclusive Lease Agreement
Versatile Licensing Options
No NOC Requirement
Strategic Location
Networking Opportunities
Types of Business Setup in SRTIP
Sharjah Research Technology and Innovation Park allows for three types of company structures for your business. Here’s a quick overview:
Sharjah Research Technology and Innovation Park License Requirements
We can divide Sharjah Research Technology and Innovation Park licenses into three categories:
Commercial License
General Trading License
Service License
Characteristics of Sharjah Research Technology and Innovation Park
SRTIP, short for Sharjah Research Technology and Innovation Park, is a freezone situated in Sharjah. It has a strong innovative ecosystem that focuses on advanced technology development. Designed to be a collaborative platform of business, government, and academia, the SRTIP free zone boasts some remarkable innovations, such as CNC routers that precisely cut based on CAD software commands, a laser studio, and much more.
Differentiator | Characteristic Trait |
Founded in the year | 2016 |
Research Projects | USKY Project, CAFU, Civil Twin Solar, Nabta Women's Health, Exoskeleton |
Business License | Commercial License, Trading License, Services License, E-Commerce License, Consultancy License |
Legal Entities | Free Zone Establishment (FZE) and Free Zone Companies (FZC) |
Research Areas | Renewable energy, water management, environmental technology, transport and logistics, production, design and architecture, and digitalisation solutions |
Facilities Offered at SRTIP | Maktabi coworking space, startup office, SME office, Innovation office, Ecosystem office, Hi-tech office, Women in innovation Hi-tech office |
Steps For Business Setup in SRTIP
Setting up a company in the Sharjah Research Technology and Innovation Park is straightforward and has a streamlined process. Here’s how you can set up your company with Business Setup Worldwide in SRTIP:
Visit our website and complete the application form with the required details.
Submit the following documents to ensure the quick commencement of your company formation in Sharjah:
- Registration and licensing application
- Business Plan
- Details of shareholders and the company
- Valid passport of the individual shareholder
- Specimen signature of the individual shareholder
- Memorandum and Articles of Association
- List and details of directors
Once you have submitted the document, we will begin with the company registration in the SRTIP freezone.
You require a UAE residence visa to stay in any of the emirates. Once your company is registered, we will apply for your residence permit.
You can also avail of additional services, such as opening an international bank account through Business Setup Worldwide.
Once the business setup in SRTIP is complete, we will share the documentation over email.
Documents Required for Business Setup in SRTIP
The following paperwork is required for your company formation in the SRTIP free zone.
- Registration and licensing application
- Business Plan
- Details of shareholders and the company
- Valid passport of the individual shareholder
- Specimen signature of the individual shareholder
- Memorandum and Articles of Association
- List and details of directors
Consult an Expert Now
Key Areas for Business Setup in SRTIP
Sharjah Research Technology and Innovation Park drives innovation and research in four key areas:
Technology
Manufacturing
Healthcare
Waste Management
Why Choose BSW?
Business Setup Worldwide (BSW) has transformed the face of over 7000 businesses within a period of 8 years. Our unparalleled expertise in company formation, taxes, accounting, and IP protections speaks for itself. Contact us today for a free consultation!
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Companies Incorporated
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Client Testimonials
I recently set up my offshore company at the SRTIP free zone through Business Setup Worldwide. From explaining the legal requirements to completing all the paperwork, experts at BSW were professional and knowledgeable about the intricacies. Highly recommend their services!
Frederick J. Butler
I had a great experience with offshore company formation in SRTIP through Business Setup Worldwide. From choosing an appropriate company structure to compliance, they handled everything. They were professional and prompt when solving queries. I had a good experience and highly recommend them for any kind of business-related services.
Paul V. Brown
Frequently Asked Questions
More than 1500 business activities are allowed at SRTIP. A single license can cover up to 5 activities, including trading, consultancy, and services.
No, you do not need an NOC for business setup in SRTIP.
It focuses on water management, renewable energy, environmental technology, digitalization, and more.
SRTIP benefits include 100% foreign ownership, no NOC requirement, no minimum paid-up share capital requirement, and more.
SRTIP is a research-based institution that focuses on developing businesses revolving around technology, AI, robotics, sustainability, education, and more.
Terms and Conditions
*Duration is subject to the constraints of the due diligence procedure.
**This would refer to the corporate tax of the company, wherein the operation of the company would take place outside the country of incorporation.
***The required documents must be provided for every individual related to the company.
Disclaimer: The content on this website should not be taken as a contractual commitment or a warranty. Our services conditions are subject to BSW terms and conditions.
