Sharjah Freezones
Best For The Companies Engaging In Trading, Buying, And Selling Of Goods & Commodities
Sharjah Freezones
The Emirate of Sharjah is the UAE’s third largest, bordering both the Gulf of Oman and the Persian Gulf. This constitutional monarchy measures more than 2,600 square kilometers and accommodates more than 5 million investors and visitors yearly.
Sharjah Freezones in the United Arab Emirates (UAE) have become dynamic business innovation and investment centers. Economic diversification, entrepreneurship, and attracting global investors are all benefits of specialized economic free trade zones. There are a number of free zones in Sharjah, which are known for their strategic location and pro-business environment.
Benefits of Setting Up a Company in Sharjah Free Zone
Choosing to establish your business in Sharjah Free Zone offers numerous advantages for investors:
- 100% Foreign Ownership: Full control of your business without the need for a local sponsor.
- Full Repatriation of Profits: Investors enjoy 100% repatriation of profits and capital, providing financial flexibility.
- Strategic Location: Sharjah’s location allows direct access to global markets, serving as a vital trade hub in the UAE.
- Tax Friendly Environment: The Sharjah Free Zone offers benefits such as lower corporate tax rates and a 0% personal income tax.
- Flexible Licensing Options: Diverse business licenses are available to support various business activities.
- Streamlined Setup Process: Sharjah Free Zones offer simplified company formation, allowing businesses to start operating quickly.
- Multiple Free Zones: Sharjah hosts several free zones tailored to specific industries.
Types of Licenses Available in Sharjah Free Zones
Sharjah Free Zones offer different types of licenses, depending on the nature of the business activity or operation intended to be set up therein.
1. Commercial License
Suitable for companies engaged in trading activities, a commercial license provides the right to import and export goods, with the right to sell them in the freezone or outside the country.
2. Industrial License
Manufacturing and industrial firms will be able to make use of an industrial license, wherein a firm can set up a production facility accordingly.
3. Professional License
Concerning the service-based enterprise, this license is intended for professional services related to consultation, IT, and all other activities alike.
Business Entity Types in Sharjah Free Zones
In Sharjah Free Zones, you can structure your company in several ways, each with specific benefits and requirements. Here’s an overview of the available entity types:
- Free Zone Establishment (FZE): A single shareholder entity, suitable for solo entrepreneurs looking for 100% ownership.
- Free Zone Company (FZC): Allows for multiple shareholders, offering flexibility for partnerships or group ventures.
- Branch of a Foreign Company: Ideal for businesses outside the UAE that wish to establish a branch and operate within Sharjah Free Zones.
Frequently Asked Questions (FAQs)
1. What is a Free Zone License in Sharjah?
A Free Zone license refers to a license given to companies for operating business activities within Sharjah Free Zones.
2. What is the Cost of Sharjah Free Zone License?
The cost of the Sharjah free zone license and its renewal annually depends on the nature of the business, and requirements concerning office space.
3. Are There Any Hidden Charges in the Process of Company Incorporation?
At RFZ Corporate Services Provider, we believe in open pricing. Our consultants present you with an exact breakdown of costs right from the start.
4. How long does it take to set up a company in the Sharjah Free Zone?
The company incorporation in Sharjah free zones takes a few days to a couple of weeks, depending on the kind of license and business entity.
5. What Companies Are Eligible for Sharjah Free Zones?
The Sharjah free zones are meant for trading companies, manufacturing, and service-based companies.
List Of Sharjah Freezones
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