SHARJAH MAINLAND COMPANY FORMATION
Sharjah mainland company formation refers to the process of setting up a business in the mainland area of Sharjah, which is governed by the Sharjah Economic Development Department (SEDD). This type of company formation is a popular choice for businesses that want to operate in the local market and can have access to a wider range of business activities. Sharjah mainland company formation offers many advantages to businesses that want to operate in the local market and have access to a wider range of business activities.
Business Setup In Sharjah Mainland has immense growth prospects. The emirate with an investor-friendly attitude, Sharjah has become one of the most opted destinations for businesses since the beginning of the new millennium. Understanding the growing importance of the emirate as a key business destination, more and more expatriates and foreign investors are coming forward to company formation in Sharjah Mainland .
Advantages Of Sharjah Mainland Company Formation
- Access to a wider range of business activities: Companies formed in Sharjah mainland have access to a wider range of business activities, including trading, manufacturing, and services.
- No restrictions on the location of business: Unlike free zones, companies formed in Sharjah mainland can operate anywhere in the UAE, giving them greater flexibility in terms of location.
- No restrictions on the number of visas: Companies formed in Sharjah mainland can apply for as many visas as required, subject to meeting the relevant criteria.
- No minimum capital requirement: There is no minimum capital requirement for companies formed in Sharjah mainland, making it easier and more cost-effective to start a business.
- Access to local market: Companies formed in Sharjah mainland have access to the local market and can trade with other companies in the UAE.
Services
How To Setup A Company in Sharjah Mainland?
Choose A Business Activity
Choose A Legal Structure
Choose A Trade Name
Obtain Initial Approval
Draft the Memorandum of Association (MOA)
Obtain A Business License
Register for VAT
License Type and Business Activity under Sharjah Mainland
Common Other Business Activities Includes:
- Real Estate: Real estate brokerage and property management.
- Education: Establishing educational institutions and training centers.
- Healthcare: Operating medical clinics and pharmacies.
- Hospitality: Managing restaurants, cafes, and event management businesses.
- Technology: Engaging in software development and IT consultancy.
Documents Required to Setup Business In Sharjah
To set up a business in Sharjah, the following documents are generally required:
- Passport copies of all shareholders and directors
- Emirates ID copies of all shareholders and directors
- No-objection certificate (NOC) from current employer (if applicable)
- Proof of residence for all shareholders and directors
- Tenancy contract for the business premises
- Memorandum of Association (MOA)
- Power of Attorney (POA) for company setup
- Trade name reservation certificate
- Initial approval certificate from the Sharjah Department of Economic Development (SDED)
- Bank reference letter
- Capital certificate from the bank
- Business plan
- Application form for business setup
It is important to note that the specific documents required may vary depending on the type of business and the legal structure chosen.
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