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Establishing a company in Sharjah Free Zone

٢٩ مارس Establishing a company in Sharjah Free Zone

Setting up a company in Sharjah Free Zone represents an exciting opportunity for investors looking to benefit from a thriving and supportive business environment. Sharjah Free Zones provide an ideal environment for businesses thanks to their numerous incentives, including tax exemptions, 100% foreign ownership, and streamlined legal procedures. Sharjah Free Zone offers competitive advantages that make it a preferred destination for businesses from a variety of sectors, including technology, manufacturing, and services.

By working with Itqan, the process of establishing a company can be greatly facilitated, thanks to its extensive experience in providing the necessary consultations and services to ensure the smooth running of the establishment process. Itqan provides specialized support in every step of the company establishment process, starting from choosing the appropriate free zone, to submitting the necessary documents and obtaining the necessary licenses.

Itqan provides strategic advice on the most suitable of the different free zones in Sharjah, in line with the nature of the business activity you wish to practice. It also helps in preparing all the required documents accurately, such as passports, personal photos, and lease contracts, which contributes to speeding up the registration process and reducing complications.

Opening a company in Sharjah Free Zone also gives you the advantage of benefiting from the advanced infrastructure, supportive business environment, as well as access to a wide network of companies and investors. With Etqan, you can be sure that all the required procedures are completed efficiently, allowing you to focus on developing your business and exploring opportunities in this dynamic market.

Establishing a company in Sharjah Free Zone

Basic steps to establish a company in Sharjah Free Zone

Establishing a company in Sharjah Free Zone is a strategic option that attracts many investors due to the attractive business advantages these zones offer. Sharjah Free Zones offer a business-friendly environment with benefits such as tax exemptions, 100% foreign ownership, and simplified procedures. To succeed in establishing your company, it is important to follow organized steps to ensure a smooth and efficient incorporation process. The basic steps to establish a company in Sharjah Free Zone:

  • Choosing the right business and free zone: First, decide what type of business you want to do based on your business plan and goals. Next, choose the free zone that best suits your business, as each free zone offers specific specializations and different services.
  • Prepare the necessary documents: Gather and prepare the basic documents required to establish the company. Documents usually include passports of investors and directors, personal photos, office lease agreement, memorandum and articles of association, as well as a commercial license application.
  • Submitting a license application: Submit a license application to the responsible authority in the free zone. This requires filling out the required forms and submitting the documents that were prepared in advance. You may need to pay the registration and license fees at this stage.
  • Sign a lease: Sign a lease for the office or workspace in the free zone. Make sure the lease complies with the free zone requirements and covers the period of operation you plan to operate.
  • Open a business bank account: Open a business bank account in the company’s name at an approved bank. This account is essential for managing financial transactions and receiving payments.
  • Complete the recruitment procedures: If you plan to hire employees, complete the procedures for obtaining the necessary work and residence visas for them. Applications must be submitted and the conditions for employment in the free zone must be met.
  • Starting the business: After completing all the procedures and obtaining the license, you can start operating the company and practicing the business activity. This includes promoting the products or services, building a customer network, and managing the day-to-day operations.
  • Compliance with local legislation: Ensure compliance with all local laws and regulations related to the business, including accounting and tax requirements.

By following these basic steps, you can effectively establish your company in the Sharjah Free Zone and benefit from the business advantages it offers.

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 Sharjah Free Zone requires submitting a set of basic documents to ensure that you comply with all legal and administrative requirements. Sharjah Free Zones provide an ideal business environment by offering benefits such as tax exemptions, full foreign ownership, and ease of procedures. To ensure a smooth incorporation process, it is essential to prepare the necessary documents carefully. Documents required to establish a company in Sharjah Free Zone :

  • Passports: Color copies of the passports of the principal investors and directors of the company must be provided. These documents are used to verify the identity of the owners and confirm their nationalities.
  • Personal Photos: Recent personal photos are required for investors and managers. The photos must be in color and clear according to the standards set by the free zone.
  • Lease Contract: A lease contract for the office or workspace in the free zone is required. The contract must include details of the office location and information on the duration of the lease.
  • Articles of Association and Memorandum of Association: The articles of association and memorandum of association include details about the company’s structure, business objectives, the rights and duties of partners, and how the company will be managed. These must be certified and approved by the relevant authorities.
  • Commercial License Application: A commercial license application form is required, which contains basic information about the company and its business activity. This application is submitted to the responsible authority in the free zone.
  • Business Plan: It is important to provide a detailed business plan that outlines the nature of the business, objectives, and operating strategy. This plan helps in assessing the feasibility of the project and provides a clear picture of the company’s goals.
  • Contact Information: The company’s contact information, including phone number, email address, and office address, must be provided. This information is used for official communication and contact.
  • Copy of Emirates ID: If the investor is a resident of the UAE, a copy of his Emirates ID may be required.
  • Special licenses or approvals: Depending on the type of business, you may need to apply for additional licenses or approvals from the relevant authorities.

By providing these essential documents, you can speed up the process of establishing your company in the Sharjah Free Zone and ensure that you comply with all legal and administrative requirements.

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

In conclusion, establishing a company in the Sharjah Free Zone represents an important strategic step towards achieving success and growth in a sophisticated business environment. The Sharjah Free Zone offers many advantages that make it an attractive destination for investors, including tax exemptions, full foreign ownership, and simplified procedures. Taking advantage of these advantages requires dealing with accurate and organized incorporation procedures, and this is what Itqan Company provides through its extensive experience in this field.

By cooperating with Itqan Company, you can ensure a smooth process starting from choosing the most appropriate free zone according to your business activity, all the way to completing all legal and administrative procedures. Itqan Company supports you in preparing the required documents, such as passports, lease contracts, and articles of association, which contributes to accelerating the registration procedures and obtaining the necessary licenses without any complications. The company also provides specialized consultations to help you make the right decisions that affect the success of your business.

The process of establishing a company in the Sharjah Free Zone under the supervision of Itqan Company is not just a step to activate your business activity, but rather the beginning of establishing a strong foundation for sustainable growth in a developed market. With the advanced infrastructure and stimulating business environment provided by Sharjah, you can take advantage of the opportunities available in this dynamic market with confidence and reassurance.

With the professional support of Itqan, your business goals can be achieved efficiently and effectively, making establishing a company in Sharjah Free Zone a fruitful step towards achieving success and expansion in the business market.

Frequently asked questions about establishing a company in the free zone

What are the free zones in Sharjah and how are they different from other areas?

Sharjah Free Zones are special business areas that offer many benefits such as tax exemptions and full foreign ownership. They differ from other areas in that they provide a flexible business environment with facilitations in legal and commercial procedures.

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

The basic steps include choosing the right business activity, identifying the appropriate free zone, preparing the required documents, submitting the license application, signing the office lease, opening a bank account, and completing the employment procedures.

Do companies in free zones need a physical office?

Yes, company registration in the free zones requires a physical office or workspace, and the lease agreement must be submitted as part of the documents required to establish the company.

Are there any fees to set up a company in Sharjah Free Zone?

Yes, there are company incorporation fees that include licensing fees, company registration fees, and office setup fees. Fees may vary depending on the type of business and company size.

What services does Itqan Company provide in the process of establishing companies in free zones?

Itqan Company provides integrated services that include consultations on choosing the appropriate free zone, preparing the required documents, submitting applications to the competent authorities, and completing the registration procedures to obtain the license.

Can the company’s activity be modified or changed after its establishment?

Yes, the company’s activity can be modified or changed after its establishment, but this requires submitting an application to modify the commercial license and resubmitting some documents according to the new requirements.