The Sharjah Research Technology and Innovation is a free zone dedicated to innovation. However, SRTIP hopes to improve the innovation ecosystem, research, and development by including a designated fee zone.
Its objective is to facilitate start-ups and technology enterprises in research to test their products and services appropriately.
SRTIP offers a better environment for fostering creativity and innovation. In addition, it provides firms in the field of research and technology with the proper ecosystem, infrastructure, and service support.
Why Sharjah Research Technology & Innovation Park is Suitable for Business?
The SRTIP free zone is significant in offering a cutting-edge environment for investors interested in scientific research and technological innovation. In addition, SRTIP's business setup landscape provides foreign investors with a progressive platform for researching, developing, and managing innovation cost-effectively and efficiently.
The free zone has a sophisticated infrastructure and flexible rules to help the country advance in scientific research and innovation. As a consequence, the free zone was able to accomplish outstanding outcomes in a short period.
The free zone attracts direct foreign investment because of its efficient innovation environment, great research facilities, and simple registration procedures. Apart from these appealing features, the SRTIP company establishment has several advantages.
Key benefits of Starting a Company in Sharjah Technology and Innovation Park
The Sharjah Research, Technology & Innovation Park offers the investors or entrepreneurs a host of business perks such as:
- 100% foreign ownership
- Exempted from customs duty
- Free from corporate or income tax
- 100% profit repatriation
- Well-enhanced technology infrastructure and support system
- Business-friendly environment & government regulations
- Availability of a large talent pool
- Low cost of company formation
- High quality of life and infrastructure
SRTIP is a very favourable and safe working environment since it provides free parking for everyone and an award-winning designed office setting.
The park also assists with government approvals, provides access to cutting-edge lounges and meeting facilities, and includes networking possibilities.
Moreover, the in-depth knowledge of Sharjah free zone company formation would help in knowing the entire business setup process.
Research Areas in SRTIP to Conduct or Broaden Your Business
The business environment in SRTIP allows investors to start creative companies in various research sectors. The following are the six research fields accessible for firm establishment under SRTIP:
- Renewable Energy
- Water Management
- Environmental Technology
- Transport & Logistics
- Smart Manufacturing
Along with emerging research areas, it would be more helpful to know about the 3D printing in SRTIP free zone-the emerging business culture.
Business & Leasing Facilities in Sharjah RTI Park
If you are interested in doing a business at SRTIP, below are the business facilities one should opt for.
Business & Research Park
Shared Offices, Executive Offices, Full floor plans with Meeting Rooms, and Conference Halls are the facilities offered in the business and research park.
Lab Facilities for chemical experiments, material testing, and technology are available in the laboratory zone.
Land & Retail Space
The highly demandable land and retail space for shops, schools, outlets, and testing grounds are available in SRTIP free zone.
A business innovation centre is introduced for incubators or accelerators to support the start-up’s growth and financial support.
The environment of business setup in SRTIP is highly conducive for innovative & scientific businesses. However, the rules of business incorporation in SRTIP may appear complex for new companies, startups & SMEs.
In order to clear the various process, the companies can avail of the business setup services in Sharjah. Moreover, business setup consultants in Sharjah would provide foreign investors with the best business setup services.
To know more about Sharjah Research, Technology & Innovation Park (SRTIP) talk to our expert business consultants immediately!
We at Business Setup Worldwide understand the demands of investors and tailor our services to meet their needs. Our knowledgeable staff is well-versed in establishing a company and can assist you accordingly. So please contact us right away; we'll be happy to help!
Who issues licenses in SRTIP free zone?
The Sharjah Research Technology and Innovation Park Authority issue licenses in SRTIP free zone.
What are the types of licenses in the SRTIP free zone?
The types of licenses in SRTIP-free zones are commercial, industrial, and professional.
When was the SRTIP free zone launched?
The SRTIP was launched in the year 2016.
What are the types of legal entities in the Sharjah Free Zone?
The types of legal entities in the Sharjah free zone are FZE and FZC.
What are the documents required for Sharjah Free Zone company formation?
The following documents are required for registering a company in Sharjah:
Approval from the Ministry of Economy
Certified copy of the tenancy contract
Land map of ownership certificate Xerox copy
Legal Affairs approval
Partnership contract certified by the Public Notary
National ID and family book Xerox copies
Technical evaluation report
Trade name certificate, as a proof of trade name reservation