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Business Setup inSharjah
A&A Associate LLC offers expert business setup services in Sharjah. Simplify your path to success with our experienced team. Start today!
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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 as 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.
About company incorporation in sharjah
A&A Associate LLC specializes in facilitating seamless business setup in Sharjah, catering to both mainland and free zone preferences. With years of expertise, we guide entrepreneurs through the intricacies of company incorporation in Sharjah, ensuring a hassle-free process. Sharjah’s thriving economy, strategic location, and investor-friendly policies make it an ideal destination for business expansion. Our team of experts offers comprehensive support, from legal documentation to licensing, enabling you to establish your enterprise swiftly and efficiently. Whether you prefer business setup in Sharjah mainland or a free zone, A&A Associate LLC is your trusted partner in realizing your entrepreneurial dreams.
What are the Types of Business Entities in Sharjah?
Sharjah is one of the tax haven emirates of the UAE and business setup in Sharjah mainland or freezone is beneficial for foreigners.
The type of business entities in Sharjah include:
- Limited Liability Company: This type of business requires partners not more than 50, but less than 2. It is the most common type among investors as the liability of the partner is limited to the investment in the company
- Partnership Company: This includes partnering between 2 or more individuals, where liability is limited to the extent of their shares to the company’s liabilities.
- Local Service Agent: This type of company is generally managed by a single person. And if the individual does not have a UAE or GCC national, then it must be backed by a local sponsor, who is a UAE national.
- Public/Private Shareholding Company: A public shareholding company has the feature where the share capital is equally divided into tradable shares. A private shareholding company is subject to rules of public joint stock companies.
Setting Up a Business in Sharjah
The first step of setting up your business in Sharjah 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. When it comes to company setup in Sharjah, you could set it up as a Limited Liability Company or a Private Joint Stock Company. But if you want to be in full control over your business, then a Sole Establishment (this is the same as a Sole Proprietorship) 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.
Someone with experience in matters of business setup in Sharjah mainland would tell you that for certain activities like Construction and Defence, you would need a Local Partner who will own 51% of the company. The Local Partner can be a 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.
The mainland is the area of the United Arab Emirates that is not part of a free zone.
A&A Associate LLC is a professional business setup companies in dubai, we believe that there is a right-fit for every business. Our experienced company setup consultants in Dubai believe in matching you with the right Local Partner who can contribute to the running of your business. For mainland business setup in Sharjah, we can also put you in touch with other companies if you need a Local Partner for your proposed commercial activity. For certain categories of commercial activities, you can be 100% owner of your company. We will inform you of your options if you want to set up a company on the mainland.
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.
Process of Business Setup in Sharjah Mainland
Sharjah is among the seven emirates of the United Arab Emirates (UAE). It is a popular destination for businesses due to its strategic location, business-friendly environment, and competitive tax rates. Forming a new company is not an easy task and we at A&A Associate ensure a smooth transition for your business in Sharjah.
If you are considering company formation in Sharjah Mainland, there are a few steps you need to follow:
- Business Activity: Determine the type of business you want to conduct in Sharjah. This will help you analyze which license suits you the best.
- Find a Local Sponsor: For foreign investors, local sponsors are a must and will hold 51% of the company’s shares.
- Visa & Work Permit: Apply for an entry visa and work permit via the Ministry of Labor’s website. You will have to apply on behalf of your employees if you are looking to hire a team.
- Visa Stamp: This has to be completed by your local partner or sponsor.
- Register the Name: Register your company name with the Department of Economic Development (DED). Three different options should be submitted and it cannot contain God’s name in Arabic or English.
- MOA & Company Lease Agreement: Both have to be notarized by a public notary.
- Apply for Trade License: Gather all the required documents and apply for a trade license with some fees attached. fees vary according to your trade license requirement. Three licenses can be availed: Industrial, Commercial & Professional.
- Establishment card: Apply for this via Immigration Authority. It is a piece of paper that validates your company information.
- Extra Requirements: Based on your business, you may have to file further information to local municipalities. pay the required fees and obtain the business license.
Documents Required for Company Registration in Sharjah
Documents are endless if not structured and verified properly. The Sharjah business setup consultants, at A&A Associate, help you through the entire process of company registration.
- Memorandum of Association (MOA): The MOA is a legal document that outlines the company's objectives, structure, and management. It must be signed by all of the company's shareholders.
- Articles of Association (AOA): The AOA is a legal document that outlines the company's internal regulations, such as voting rights, quorum requirements, and dividend distribution. It must also be signed by all of the company's shareholders.
- Power of Attorney: If you are unable to attend the company registration process in person, you will need to appoint a power of attorney. The power of attorney must be signed by all of the company's shareholders and must be stamped by a public notary.
- Lease Agreement: The lease agreement is a legal document that outlines the terms of the company's lease. It must be signed by the company and the landlord.
- Proof of Identity: For each shareholder, you will need to provide a copy of their passport or national ID card.
- Proof of Address: For each shareholder, you will need to provide a copy of their utility bill or bank statement.
- NOC: If any of the shareholders are UAE nationals, they will need to provide a no-objection certificate (NOC) from their employer.
- Trade License: The trade license is a legal document that allows the company to operate in Sharjah. It must be obtained from the Sharjah Department of Economic Development (DED).
Why Invest in Sharjah, Type of Business Entity in Sharjah, Benefits of Business Setup in Sharjah
Why Invest in Sharjah?
Economic Stability: The emirate boasts a stable and diversified economy, making it a safe haven for investments. Its strong fiscal policies and prudent financial management create a conducive business environment.
Infrastructure and Connectivity: Sharjah has invested heavily in infrastructure development, offering world-class facilities, transportation networks, and communication systems to support businesses of all sizes.
Business-Friendly Regulations: Sharjah’s pro-business policies and regulatory framework make company setup in Sharjah a straightforward process. The government continually introduces reforms to enhance the ease of doing business.
Tax Benefits: Sharjah offers competitive tax incentives, including exemptions from corporate and personal income taxes, which can significantly boost your bottom line.
Types of Business Entities in Sharjah
Mainland Business Setup: Setting up a mainland business in Sharjah allows you to operate anywhere in the UAE and beyond. This option provides access to a wide range of industries and is ideal for those who wish to tap into the local market.
Free Zone Entities: Sharjah also offers numerous free zones catering to various sectors, such as logistics, technology, and media. Free zone companies benefit from tax exemptions, 100% foreign ownership, and simplified customs procedures.
Joint Ventures: Collaborating with a local partner through a joint venture can be another viable option, particularly for sectors with specific legal requirements.
Benefits of Business Setup in Sharjah
100% Foreign Ownership: In many sectors, Sharjah allows foreign investors to retain full ownership of their businesses, promoting international investment.
Access to Global Markets: With its world-class infrastructure and connectivity, Sharjah provides a launchpad to expand your business into global markets.
Competitive Costs: The emirate offers competitive operating costs and affordable office spaces, helping you maintain a healthy profit margin.
Skilled Workforce: Sharjah’s diverse and skilled workforce is an asset for businesses looking to tap into various industries.
Quality of Life: Sharjah offers an exceptional quality of life for expatriates and their families, with excellent healthcare, education, and recreational facilities.
Set Up Your Business in Sharjah with A&A Associate LLC
If you’re considering business setup in Sharjah mainland or company setup in Sharjah, look no further than A&A Associate LLC. With our expert guidance and comprehensive services, we simplify the process of establishing your business in the thriving Emirate of Sharjah.
Our experienced team understands the nuances of Sharjah’s business landscape and will assist you every step of the way. We offer tailored solutions, ensuring your company’s successful formation, licensing, and ongoing compliance. Trust in A&A Associate LLC to navigate the legal and regulatory requirements, allowing you to focus on growing your business.
Choose confidence, choose expertise, and choose A&A Associate LLC to set up your business in Sharjah. Your success is our priority.
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Faq
What is the process for company formation in Sharjah, and how can A&A Associate LLC assist?
To set up a business in Sharjah, you can choose between Sharjah Mainland and Free Zones. A&A Associate LLC, as experienced Sharjah business setup consultants, can guide you through the entire process. We handle documentation, approvals, and legal requirements, ensuring a seamless experience for your company setup in Sharjah.
What documents are required for business setup in Sharjah Mainland?
Documents typically include passport copies of shareholders, a NOC from the sponsor (if applicable), a Memorandum of Association, a lease agreement, and other relevant paperwork. Our experts will provide you with a detailed list tailored to your specific business activities.
Can you explain the types of business formation available in Abu Dhabi?
Abu Dhabi offers various business structures, including LLC (Limited Liability Company), Branch, Representative Office, and more. The choice depends on your business goals, ownership, and activities. A&A Associate LLC can help you determine the most suitable option.
How long does it take to obtain a business license in Sharjah?
The time frame varies based on your business type and the authorities’ processing speed. Generally, it can take anywhere from a few weeks to a couple of months. A&A Associate LLC will work diligently to expedite the process.
Do I need a local sponsor for mainland business setup in Sharjah?
Yes, a local sponsor is required for mainland business setup in Sharjah. A&A Associate LLC can assist in finding a reliable and compliant sponsor who will hold a minority share in your business.
What are the key benefits of choosing A&A Associate LLC for business setup in Sharjah?
A&A Associate LLC offers a wealth of experience, a dedicated team of experts, and a commitment to simplifying the complex process of company formation in Sharjah. We prioritize your success, ensuring all legal and regulatory requirements are met efficiently.