Sharjah Free Zone Company Set Up – Cost and Value
Setting up a company in the United Arab Emirates (UAE) can be an appealing prospect, with its booming economy and strategic location. While Dubai often takes centre stage, Sharjah, another emirate in the UAE, has been gaining recognition for its business-friendly environment. In this comprehensive guide, we’ll explore the cost and value of setting up a company in Sharjah Free Zones, highlighting the key differences between Dubai and Sharjah Free Zones, the benefits of choosing Sharjah, and the cost of business setup.
Dubai Free Zone vs Sharjah Free Zone
Dubai and Sharjah both offer Free Zones, each with its unique advantages. Dubai Free Zones are renowned for their international accessibility and glamour, while Sharjah Free Zones are known for their cost-effective and pragmatic approach. Dubai is often preferred by companies seeking high-profile brand visibility and easy access to global markets. Sharjah, on the other hand, is chosen by businesses looking for a more budget-friendly setup without compromising on quality and services.
Types of Licenses Sharjah Free Zones Offer
Sharjah Free Zones provide a range of license options, each tailored to specific business activities and structures:
- Trading License: This license enables companies to import, export, distribute, and store goods within the Free Zone. It’s ideal for businesses engaged in trade. Requirements include a formal application, business plan, passport copies, and proof of address. A physical office space within the Free Zone is mandatory. Note that a Free Zone trade license restricts direct sales within the UAE market, necessitating local distributors or agents.
- Service License: Designed for businesses offering professional or consulting services, it covers activities such as legal, accounting, marketing, consulting, and IT services. Like a trading license, a service license requires an application, necessary documentation, and an office space within the Free Zone. However, it doesn’t permit engaging in trading activities.
- Industrial License: Suited for companies involved in manufacturing, processing, and production activities within the Free Zone. It allows for the setup of manufacturing plants, assembly lines, and related industrial facilities. Apart from the aforementioned requirements, suitable industrial premises within the Free Zone, adherence to environmental and safety regulations, and compliance with production standards are essential.
- Media License: Tailored for companies operating in media and creative industries, covering publishing, broadcasting, advertising, production, and other media-related activities. Similar to other Free Zone licenses, a media license restricts business activities to those related to the licensed media services.
Steps to Obtain a Sharjah Free Zone License
The process of obtaining a license in Sharjah Free Zones involves these steps:
Step 1: Determine the License Type Identify the most suitable license type for your business activity, such as trading, service, industrial, or media.
Step 2: Company Name Reservation Reserve a unique name for your company that complies with Free Zone naming conventions.
Step 3: Submit the Initial Application Complete and submit the initial application form with accurate business information.
Step 4: Lease Office Space Secure an office space within the Free Zone that meets the specified requirements.
Step 5: Prepare Required Documentation Gather the necessary documents for the license application, including an application form, passport copies, business plan, MOA/AOA, lease agreement, and relevant qualifications.
Step 6: Submit Documentation Submit the application form and required documentation to the Sharjah Free Zone authority.
Step 7: Pay Fees Pay the required fees within the specified timeframe to receive your license and relevant documents.
Compliance with legal and regulatory requirements is crucial during this process, ensuring the legitimacy and credibility of your business operations and safeguarding against potential legal issues. Starting a business in Sharjah Free Zones opens doors to growth and success in the vibrant UAE market.
Read About: Steps to Obtaining Your Trade License
Benefits of Sharjah Free Zone
- Cost-Effectiveness: Sharjah Free Zones offer cost-effective business setup solutions compared to Dubai. Lower leasing costs and competitive licensing fees make it an attractive choice for startups and small businesses.
- Strategic Location: Sharjah’s proximity to both Dubai and other emirates provides access to a vast consumer base. Its strategic location enables businesses to tap into multiple markets.
- Diverse Free Zones: Sharjah offers a variety of Free Zones, each catering to different industries. This diversity allows businesses to choose a zone that aligns with their specific needs and objectives.
- Ease of Setup: The business setup process in Sharjah Free Zones is known for its simplicity and efficiency. Quick approvals and minimal bureaucracy expedite the setup process.
Cost of Business Setup in Sharjah Free Zone
The cost of setting up a business in Sharjah Free Zones varies depending on several factors, including the chosen Free Zone, business activity, and the type of license. While it’s generally more cost-effective than Dubai, specific costs should be discussed with the relevant Free Zone authority or a business setup consultant. These costs may include:
- License fees
- Lease costs
- Visa and immigration fees
- Customs duties (if applicable)
- Registration fees
The cost of opening a company in the Sharjah Free Zone can start from AED 5,499* onwards. Get a free quote today!
Sharjah Free Zone Licensing Authorities:
- Sharjah International Airport Free Zone: Ideal for aviation, logistics, and light industrial businesses.
- Hamriyah Free Zone Authority: Known for its petrochemical, maritime, and manufacturing sectors.
- Sharjah Publishing City: Designed for the publishing and media industry.
- Sharjah Research Technology & Innovation Park: Focused on research, technology, and innovation-driven industries.
- Sharjah Media City – Shams: Catering to the media and creative sectors.
Why Choose Sharjah Free Zone for Your Business Setup?
Choosing Sharjah Free Zone for your business setup means balancing cost-effectiveness and accessibility to diverse markets. Whether you’re a startup or an established enterprise, Sharjah offers a conducive environment for growth and expansion. Its strategic location, cost advantages, and ease of setup make it a compelling choice.
Ready to Start Your Business in Sharjah Free Zone? Alfazone is Here to Help.
Navigating the complexities of business setup in Sharjah Free Zones requires expertise and local knowledge. Alfazone, with its experience and commitment to excellence, is your ideal partner in realizing your business aspirations in Sharjah, UAE. We provide end-to-end solutions, ensuring a smooth and efficient setup process, and allowing you to focus on what matters most—building your business.