Establish Your Company in Sharjah
Sharjah is located only 20 minutes from Dubai, and well-connected by public transport. Sharjah has its own international airport and well as three seaports, and in addition hosts a third of all manufacturing activity in the United Arab Emirates. For everything related to business setup in Sharjah, please contact us.
Sharjah is a highly valued destination for business investors. For instance, the Sharjah International Airport is the hub of Air Arabia, and hence logistics companies that deal with airfreight tend to make a beeline for the Sharjah Airport International Freezone (SAIF). Those into ocean cargo and/or seafreight choose the Hamriyah Free Zone, which has its own seaport.
Because Dubai is the most populated city in the United Arab Emirates, several workers prefer to live in Sharjah, which is more laidback, and commute to Dubai for work. If you choose to set up your company in Sharjah, this provides an immense advantage, as your employees can arrive at the office with a fresh mind and hence be more productive at work.
Setting Up a Business in Sharjah
The first step would be to determine the exact nature of the commercial activity that your business plans to be into. Based on this, you could take a decision on whether to incorporate your company as a Sole Establishment, a Legally Limited Partnership, a Legally Limited Company, or a Private Limited Company. Sometimes, one type of company structure is better than others for a specified commercial activity. For instance, you cannot offer banking / financial / investment services with a limited liability company.
A partnership or having multiple shareholders who can act as Directors might make sense over a Sole Establishment if you cannot afford to be associated with your business full-time owing to other commitments. But if you want to be in full control over your business, then a Sole Proprietorship (this is the same as a Sole Establishment) works out best for you.
If you wish to be located in a free zone, only limited liability companies / establishments are permitted there, even though free zones offer 100% ownership of your company. So because of all these variables that come into play together, there is no one best solution when it comes to business setup in Sharjah. But an experienced company formation specialist can lend his/her expertise and advise you on the best course of action moving forward.
He/She will tell you that in case you wish to be located on the mainland (the area in the United Arab Emirates that is not part of a free zone), you will need a Local Partner who will own 51% of the company. The Local Partner can be an UAE national or another company based in the UAE.
The Local Partner does not take home 51% of the profits from your company. He/She could be paid a monthly / quarterly / half-yearly / annual Fee, or take a percentage of the sales.
At A&A Associate LLC, we believe that there is a right-fit for every business. Our experienced company setup consultants believe in matching you with the right Local Partner who can contribute to the running of your business. For certain categories of commercial activities, you can be 100% owner of your company. We will also inform you of your options, and we can also put you in touch with other companies if you want to set up a company on the mainland and need a Local Partner for your proposed commercial activity.
We have legal experts on board who can ensure that your business activities stay compliant with all local laws and regulations. We also offer professional accounting and audit services (an annual audit is a must for companies located on the mainland) so that you can focus on doing what you do best – running your business.