Free Zones in Sharjah

Advantages of Setting Up a Company in Sharjah Free Zone

Sharjah is a popular modern center, delivering 48% of the mechanical yield of UAE. Sharjah positions among the best 10 urban areas for directing business in the Gulf district. Subsequently, a planned finance manager may think that its valuable to set up one's organization in Sharjah.

Sharjah's vital geological area (close to Africa just as Europe) makes it a reasonable spot for setting up an exchanging organization. This alongside UAE's best in class foundation makes Sharjah an ideal area for giving out item circulation administrations.

Since Sharjah is an emirate of the UAE, in the event that one sets up a business in Sharjah, no corporate personal assessment, retaining charge, esteem included expense, import/trade duty or capital additions charge is required on them. Besides, an individual moving to Sharjah won't be needed to pay individual personal duty either.

Free zones in Sharjah have to bring to the table various motivators for organization arrangement, as;

1. Exception from charges and unfamiliar obligations
2. 100% foreign ownership
3. Full repatriation of capital
4. Superb infrastructure

A company incorporated in Sharjah shall benefit from generous government subsidies granted to the energy and utilities sector. As a matter of fact, the government bears 70% of the cost of electricity and water consumption

A company in Sharjah would also profit from the 66 double tax treaties signed by the UAE with countries like India, China, Japan and Singapore, to decrease withholding taxes on payments abroad.

Documents Required for Sharjah Free Zone Company Formation

• Licence form
• Approval from the Ministry of Economy
• Approvals from other government entities, if called for
• Certified copy of the tenancy contract
• Guaranteed No Objection letter, identification, visa and residency Xerox duplicates of the investors
• Business trademark authentication, as a proof of trademark reservation
• Land guide or proprietorship authentication Xerox duplicate
• Lease agreement
• Legal Affairs approval
• Partnership contract certified by the Public Notary
• National ID and family book Xerox copies
• Sign board
• Technical evaluation report