Currently, the third largest Emirate in the UAE, the city of Sharjah contains the main administrative and commercial centres together with an array of cultural and traditional projects, including several museums which cover areas such as archaeology, natural history, science, arts, heritage, Islamic art and culture.
To know more about Sharjah and its free zones, keep reading.
Benefits of Starting a Business in Sharjah Free Zones
- 100% foreign ownership is allowed
- 100% repatriation of capital and profits is allowed
- Zero personal or corporate income taxes, custom duties, and import/export taxes
- Very little restrictions on recruiting labor
- Shared services and synergies with other companies in the free zone
- No bureaucratic red tape
- State-of-art infrastructure
- Easy access to ports and airports
Licenses Available in Sharjah Free Zones
There are 3 main types of licenses available in the free zones of Sharjah, they are;
Having this license enables the user to engage in trade or buying and selling of goods. If your business activity is classified under the commercial activity, you need to have this license.
This license involves industrial and manufacturing activities. To obtain this license you must have a physical office in the free zone.
This type of license is viable for businesses providing services. It can include activities like management consultancy, law firm, auditing and accounting companies etc.
Types of Free Trade Zones in Sharjah
There are currently five free zones in Sharjah specialized in Industrial, Trading, Logistics, Media and Business Sectors. Let us go through them one-by one.
1.Hamriyah Free Zone
This free zone was established by an Emiri decree issued in November 12, 1995. It has strategic advantage geographically because of it being located in Sharjah. The advantage is backed by secure and fully convertible currency and a multi-access to neighboring and global countries through land, sea, and air. It is becoming one of the cornerstones of the United Arab Emirates industrial development.
To know more about the Hamriyah Free Zone, click here.
2.Sharjah Airport International Free Zone (SAIF Zone)
SAIF Zone in Sharjah provides some of the most enticing business incentives in the region including speed of service and simplicity of process. The perception of lengthy and highly bureaucratic procedures to set up in the Middle East can be a serious barrier to potential investors but SAIF Zone has a 24 hour licensing service which enables businesses to be up and running sooner than has ever been before.
To know more about the Sharjah Airport International Free Zone, click here.
3.Sharjah Media City Free Zone (SHAMS)
Sharjah Media City allows a businessman to open a company in Sharjah while enjoying all the benefits of the UAE free zones at the cheapest business setup prices. The free zone is an ideal solution for creative and media companies. It is a platform designed for start-ups, SMEs and established companies to grow and expand their business at an international level. SHAMS provides abundant opportunities to its investors.
To know more about the Sharjah Media City Free Zone, click here.
4.Sharjah Publishing City (SPC)
Sharjah Publishing City is the subsidiary of Sharjah Book Authority. It is the world’s very first publishing and printing zone. The free zone offers its companies abundant opportunities from the book industry. It provides an exclusive and substantial plan to the industries searching for a well-regulated, effective, and competitive business. The competent business environment alongside the tactical location makes SPC the most sought-after free zones in the UAE.
To know more about Sharjah Publishing City Free Zone, click here.
5.USA Regional Trade Centre (USARTC)
Launched in the year 2011, the U.S.A Regional Trade Centre offers an impressive number of services for the US Companies interested in business setup in the UAE. It supports and expert advice for US companies established in the UAE or businesses looking to enter the Middle East market with intuitive international company formation in the UAE. Located in Sharjah’s city center, USARTC provides American SMEs with fully equipped turnkey offices of varying size, meeting rooms, and conference halls.
To know more about the U.S.A Regional Trade Centre, click here.
A company can be registered quickly in Sharjah free zones, but the investors need to be aware of the rules and regulations that are followed for company setup. Apart from this, they have a highly developed infrastructure compared to the rest and a 24-hour licensing services to enable quick business formation. Additionally, there are fewer accounting and auditing requirements, a relief to the companies setting up business in Sharjah Free Zone.
If you are thinking of starting a business is Sharjah free zones, we at Business Setup Worldwide can help you with the process. Our advisors have years of experience in this field and are well versed with the legal formalities. To know more, contact us today.