Sharjah is known for its strategic position, making this city an ideal place to launch a business or to expand their trade. Through its international airports and ports, business owners can easily move and distribute their goods to other regions and locations.
Aside from its prime location, Sharjah’s excellent communication infrastructure attract a number of interested investors, especially in the tech industry. The sophisticated and modern infrastructure & amenities attract a number of tech-savvy entrepreneurs who aim to penetrate the market and introduce their business.
The thriving economy of Sharjah does not only cater to the tech industry. In fact, this Emirate is home to several businesses and industries and promoting cultural and economic diversification to attract more potential investors.
Reasons to set up a business in Sharjah
Sharjah’s business-friendly laws are also the driving force for its flourishing economic climate. The Sharjah Economic Development Department ensures that local and foreign entities have all the support they need to move their businesses forward.
Other benefits of starting a business in Sharjah includes:
- Tax-free benefits
- Zero capital requirement
- No annual auditing required
- Freedom to conduct any legal business activities
- No Visa restrictions
- No trade barriers or currency control
- Absolute repatriation of capital and profit
Sharjah’s government allows a number of legal structures to operate in the Emirate. Would-be business owners and investors can explore the following structures and business models should they decide that they want to set up their business in Sharjah:
- Limited Liability Company
- Partnership company
- Local services agent
- Business partnership
- Foreign company branch
- Local company branch
- GCC company branch
- Public-private shareholding company
Business setup in Sharjah Freezone
Sharjah’s Freezone area also offers a wealth of opportunities for investors. Freezone companies enjoy as many advantages as the businesses in the Mainland but they also enjoy other business liberties and privileges, including
- Lower office and warehouse lease rates
- Easy access to major ports and Sharjah International Airport
- Total exemption on imports and exports
- Low labor cost
- Cost-efficient utilities
- Hassle-free business licensing
Start your business with Vertex Global
Set up a business in Sharjah with the help of trusted business consultancy firm. Vertex Global offers comprehensive and individualize company formation solutions to assist investors and foreign entities and help with their business setup in Sharjah and other in other areas of UAE. Services include document processing, consultancy, and PRO services for UAE companies.