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August Steps to establish a company in the Sharjah Free Zone

Licenses required for a company in the Dubai Free Zone

١٠ يونيو August Steps to establish a company in the Sharjah Free Zone

Steps for establishing a company in the Sharjah Free Zone. The Sharjah Free Zone is considered one of the interesting investment destinations in the United Arab Emirates as it provides an ideal business environment for companies with multiple advantages such as full ownership by foreigners, tax exemptions, and no restrictions on transferring profits while providing advanced infrastructure. And excellent logistical services, the Sharjah Free Zone has become a preferred choice for investors and entrepreneurs from around the world. Whether the goal is to establish a new company or expand the scope of an existing business, establishing a company in the Sharjah Free Zone requires following a set of basic steps to ensure success and compliance with legal requirements.

The first step begins by determining the type of business activity that you wish to practice, as you must choose an activity that is compatible with the activities permitted in the free zone. This requires submitting a clear and detailed business plan that highlights your vision, goals, and strategic plans. For the second step, you must choose the type of company that suits your business activity, The free zone provides various options such as limited liability companies and free companies, in addition to private joint stock companies

After that, you must choose a suitable name for your company and submit an application for incorporation to the relevant free zone administration, including the required documents such as passports, personal photos, and an office lease contract. After that, the fees associated with establishing the company will be paid, and the necessary approvals and licenses will be obtained from the competent authorities in the free zone.

Steps for establishing a company in the Sharjah Free Zone

Steps for establishing a company in the Sharjah Free Zone

Basic steps to establish a company in the Sharjah Free Zone

The Sharjah Free Zone is one of the most prominent investment destinations in the United Arab Emirates, as it provides a vibrant and attractive commercial environment for investors and entrepreneurs from all over the world while offering many advantages, including full ownership by foreigners, tax exemptions, and flexibility in business management. These advantages contribute to… Enhancing the attractiveness of the free zone as an advanced and developed business center. However, establishing a company in the Sharjah Free Zone requires following a set of basic steps to ensure the success of the process and meeting all legal and administrative requirements. In this context, we present to you the basic steps for establishing a company in the Sharjah Free Zone to ensure that the process is completed smoothly and effectively. Basic steps to establish a company in the Sharjah Free Zone

  • Determine the type of business activity: The process of establishing a company begins by determining the business activity you wish to practice. Investors must choose the activity from the list of activities permitted in the free zone to ensure its compliance with local regulations
  • Choosing a company type: You must choose the company type that suits your business, such as a limited liability company or a free enterprise, based on the legal requirements and the organizational structure you want to create.
  • Choosing a company name: An appropriate name must be chosen for the company that complies with the free zone management standards, and the name must be unique and not used by any other company.
  • Submitting an incorporation application: Submit an incorporation application to the free zone administration, including the incorporation form and required documents such as passports, personal photos, and business plan.
  • Payment of the required fees: The fees associated with establishing the company must be paid, which include registration and licensing fees. These fees are paid according to the pricing structure approved by the free zone administration.
  • Obtaining approvals and licenses: After submitting the application and paying the fees, the application is reviewed by the free zone administration to obtain the necessary approvals and licenses to practice commercial activity.
  • Company registration: After obtaining licenses, the company is officially registered in the commercial registries of the free zone, allowing it to start commercial activity.
  • Opening a bank account for the company: A bank account must be opened in the company’s name to manage financial transactions, facilitate money transfers, and manage revenues and expenses.
  • Securing an office or commercial space: Securing a suitable location for conducting commercial activity, whether it is an office or commercial space, and this is done based on business requirements and the size of the company.
  • Obtaining residence visas: After completing the establishment procedures, the company can obtain residence visas for partners, managers and employees according to business needs and free zone management requirements.

By following these steps, investors can effectively establish their companies in the Sharjah Free Zone and ensure compliance with all legal requirements, contributing to success and growth in a thriving business environment.

Documents required to establish a company in the Sharjah Free Zone

Documents required to establish a company in the Sharjah Free Zone

Documents required to establish a company in the Sharjah Free Zone

Establishing a company in the Sharjah Free Zone represents a unique opportunity for investors and entrepreneurs who wish to benefit from the dynamic investment environment provided by the free zone with many advantages such as full ownership by foreigners, tax exemptions, and facilitation in administrative procedures. In order to achieve a smooth and effective establishment process, it is necessary to prepare All required documents are carefully followed and all necessary steps are followed to ensure compliance with local regulations and achieving success in commercial activity. In this context, we review the basic documents required to establish a company in the Sharjah Free Zone to ensure that the process runs smoothly and comprehensively. The documents required to establish a company in the Sharjah Free Zone

  • Incorporation application form: You must fill out an incorporation application form that includes basic information about the company, such as the proposed name, type of business activity, and headquarters address.
  •  Passport copies: Provide clear copies of passports of all proposed partners and directors of the company for authentication and identity verification
  • Personal photos: Submit recent passport-sized personal photos of all partners and managers required to complete the registration file
  •  Business Plan: Prepare and submit a detailed business plan outlining the company’s objectives, business activities, market strategies, and financial projections to meet the requirements of free zone management.
  • Office Lease Contract: Submit a copy of the lease contract for the office or commercial space that the company will use in the free zone to prove the actual business location
  • Company Articles of Association: Preparing and submitting the company’s articles of association, which includes the company’s structure, the rights and duties of partners, and the required administrative rules
  • Certificate of good conduct: Providing a certificate of good conduct to all partners and managers from the relevant authorities to verify their legal and ethical background
  • Proof of financial support: Submitting documents proving the financial ability to support the company, such as bank account statements or letters of financial support from financial institutions

Preparing these documents accurately and completely ensures the facilitation of the company establishment process and contributes to compliance with all regulations and legal requirements in the Sharjah Free Zone, which enhances the chances of business success and achieves the desired investment goals.

Our company’s role in establishing a company in the free zone

By completing the basic steps for establishing a company in the Sharjah Free Zone , investors will have laid the foundation for the success of their new business in a commercial environment characterized by flexibility and broad opportunities. Basic steps such as determining the type of business activity, choosing the type of company, and submitting the required documents are considered key elements to ensure that all legal requirements are met and that… Making the most of the advantages of the free zone By choosing the right company name and submitting a comprehensive business plan, investors can confidently move towards achieving their business goals and expanding into new markets.

Paying the fees and obtaining the necessary licenses represents a crucial step that guarantees the official recognition of the company and the effective start of its commercial operations. At this stage, it is recommended to cooperate with consultants or specialized consulting companies such as Itqan Company to ensure full compliance with all procedures and achieve efficiency in their implementation. Ensuring that all documents are completed accurately and that Compliance with local regulations is a necessary step in establishing solid foundations that contribute to the company’s growth and continuity

Ultimately, establishing a company in the Sharjah Free Zone provides investors with a valuable opportunity to access a vibrant and thriving market, and take advantage of the many advantages that the free zone offers to achieve success and sustainable growth. The measures taken to ensure proper incorporation are an essential element in successfully and effectively achieving business objectives.

Frequently asked questions about establishing a company in the free zone

What are the basic steps to establish a company in the Sharjah Free Zone?

To establish a company in the Sharjah Free Zone, the steps begin by determining the type of business activity you want to practice, then choosing the appropriate company type such as a limited liability company or a free company. Next, you must choose a name for the company and submit an application for incorporation along with the required documents such as passports and office lease contract. Then you must pay the specified fees to obtain the necessary approvals and licenses from the free zone administration.

What are the documents required to establish a company in the Sharjah Free Zone?

Basic documents required include an incorporation application form, passport copies of all partners and directors, recent personal photographs, a detailed business plan, office or commercial space lease, company bylaws, certificate of good standing, and proof of financial support. There may be additional documents depending on the type of company and management requirements.

How long does it take to establish a company in the Sharjah Free Zone?

Establishing a company in Sharjah Free Zone may take from one to several weeks depending on the efficiency of submission of documents and compliance with all requirements. The process can be accelerated through cooperation with a specialized consulting company that contributes to facilitating the procedures and providing the necessary support.

Can foreigners own the entire company in the Sharjah Free Zone?

Yes, foreigners can fully own the company in the Sharjah Free Zone without the need for a local partner. This feature makes the free zone an attractive destination for foreign investors seeking to establish their own companies and achieve their business goals.

What are the tax advantages of establishing a company in the Sharjah Free Zone?

Companies in the Sharjah Free Zone enjoy many tax advantages, such as complete exemption from income tax and profits tax, in addition to no restrictions on transferring profits abroad. These advantages contribute to enhancing the attractiveness of the free zone as an investment center.

Are there restrictions on commercial activities that can be practiced in the Sharjah Free Zone?

There is a list of commercial activities permitted in the Sharjah Free Zone, and investors must choose their activities from this list. The local administration can advise on permitted activities and requirements for each activity.