SRTIP Free Zone

Sharjah is one of the most significant places to do business in the Middle East. It is the third-largest emirate in UAE, after Abu Dhabi and Dubai. Sharjah is known as the "Gateway to Innovation." In a nutshell, modern-day Sharjah is equivalent to a start-up. This emirate has risen from the sands of the desert to become a prominent industrial hub and the country's economic and educational capital.

By providing human-centric experiences, Sharjah adopts a comprehensive and balanced approach to economic and social growth. This combination of characteristics is ideal for fostering a collaborative connection between the private and public sectors to promote knowledge-intensive businesses and generate long-term revenue for the emirate. While considering the emirate, Sharjah Research Technology and Innovation Park is the best and cheapest free zone to start a business.

Characteristics of SRTIP Free Zone

Characteristic Type Characteristic Trait
Company Type Free Zone Company (FZCO)
Governing Body Sharjah Research and Technology Innovation Park Authority
Minimum Number of Shareholders 1
Minimum Number of Managers 1
Accounting and Book Keeping Requirements No
Renewal Date Annual Date of Incorporation
Corporate Taxation 0%
Visa Type Employment Visa Only
Ownership 100 Percent Foreign Ownership
Type of Activities Commercial and Service Based
VAT Percentage 0%
Duty for Import and Export 0%
Duration For Company Formation 5-6 Days
Paid Up Capital 0
Local Partner Required No

Documents Required

  • Color Passport Copy
  • Visa status copy / Entry stamp copy
  • Passport Size Photo
  • Other documents depending on the business activity

Banking Partners

Advantages of The Free Zone

Cost-efficient business setup

Affordable leasing and licensing options

Free from income tax

Complete ownership

Complete repatriation of capital and profits

Quick registration process

Free from import and export tariffs

Statistics

Sharjah Research Technology and Innovation Park, also known as STRIP, is strategically located between Sharjah Airport Road and the University City Road. It is home to one of the world's largest and most advanced scientific research centres for smart transportation. The centre is working to develop new urban transportation systems, with technology being developed and tested in Sharjah before being commercialised worldwide. In addition, considering Sharjah free zone company formation would benefit the research or industrial-related businesses.

STRIP's mission is to create and maintain an innovation environment that encourages Research and Development, supports corporate activities, and fosters triple-helix collaboration between industry and government.

Moreover, the Sharjah Research Technology and Innovation Park (SRTI Park), which supports start-ups and the growth of innovation-driven firms in the area, has announced the 'Innovators Package,' which provides the most cost-effective full-service innovative environment in the region. 

A brief overview of SRTIP’s achievements in research projects and businesses

Founded in the Year 2016
Governing Authority Sharjah Research Technology and Innovation Park Authority
Research Projects USKY project, CAFU, Civil Twin Solar, Nabta Women's Health, Exoskeleton
Business License Commercial license, Industrial license, Professional license
Legal Entities Free Zone Establishment (FZE) and Free Zone Company (FZC)
Research areas SRTIP focuses on  Renewable energy, water management, Environmental technology, Transport and Logistics, Production, Design and Architecture, and Digitalization 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

Given the significant increase in demand and the Sharjah government's activities, it would be prudent to learn about the business setup services in Sharjah.

Company Formation in Free zones Ideal for

Providing Innovative ideas for Research and Technology sector

Doing E-commerce business

Best in serving as an Online education platform

Consultancy Business

Providing Business Centre

Registration Process

Complete the Application Form

Complete the Application Form

Submit Your Documents to the Authority

Submit Your Documents to the Authority

Obtain Your License

Obtain Your License

Obtain Your Residency Visa

Obtain Your Residency Visa

Open Your Bank Account

Open Your Bank Account

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.

Why Choose BSW

Business Setup Worldwide is a renowned consulting firm that assists companies with establishing their operations in SRTIP and with the essential paperwork and legal requirements. Our extensive domain knowledge and understanding of emirate legislation enable us to take care of our customers' passport, visa, and licencing needs, ensuring that their tasks are performed efficiently and without additional bureaucratic trouble. If you have any queries regarding the same, do contact us.

FAQs

Is SRTIP park Sharjah suitable for business?

Yes, SRTIP is a unique location for startups to build their businesses in a supportive environment.

Which is the first emirate in UAE to promote women's rights and provide education?

Sharjah is the first emirate in the United Arab Emirates to promote women's rights and provide women's education.

Why can one set up your office in Sharjah Innovation Park?

One can set up an office in SRTIP free zone because of the innovative ecosystem, more employment opportunities, and future investment.

How prolonged does it take to obtain a license in SRTIP?

It takes around 5-6 days to obtain a license in SRTIP.

Who issues a license in Sharjah RTI Park?

The respective free zone authority issues license in STRIP.