sharjah research technology and innovation park
SRTIP FREEZONE
About SRTIP
Sharjah Research Technology and Innovation Park (SRTIP) was founded in 2016 by a royal decree of His Highness Sheikh Dr. Sultan bin Muhammad Al Qasimi, Ruler of Sharjah and a member of the Supreme Council of the UAE to advance innovation, technology, research, and development in several areas, including healthcare, energy, and environmental technology.
The Sharjah Research, Technology and Innovation (SRTI) Park is a Free Trade Zone near to the University City of Sharjah. SRTIP offers its members a variety of resources, such as state-of-the-art labs, spaces for research and development, educational opportunities, and funding.
Benefits of Business Setup in SRTIP Freezone
There are numerous benefits of business setup in Sharjah Research Technology and Innovation Park:
- 100% foreign ownership
- Low corporate tax
- 0% personal income taxes
- 0% import and export tariffs
- 100% repatriation of capital and profits
- Inexpensive business licenses
- Business-friendly climate
- Reasonable lease costs
- Easy and fast company formation
- Large selection of office spaces and plots
- Access to global markets
- Access to the SRTIP Innovation Lounge
- Access to the Open Gate Free Zone
- Promoting alliances between industry and academia
Business Licenses Offered by Sharjah Research Technology and Innovation Park
Business licensing is a prerequisite for establishing a business. There are three types of licenses available in SRTIP:
- Trading license
- Industrial license
- Service license
How to setup a company in Sharjah Research Technology and Innovation Park?
To set up a company in Sharjah Research Technology and Innovation Park is very simple and straightforward.
- Choose a business activity
- Business name approval
- Apply for a trade license
- Get your trade license
- Apply Visa/Residency
- Open corporate bank account
1. Choose a Business Activity
The first step is to choose your business activity. SRTIP offers over 1500 business activities. Select the appropriate business activity that reflects your business operations.
2. Business Name Approval
You must choose a name that is unique and suitable for your company. The name must adhere to UAE naming standards to avoid disputes with existing trademarks or copyrights.
3. Apply for a Trade License
Prepare all the required documents and submit to SRTIP authority for Company Formation.
4. Get your Trade license
After your application is accepted, you will obtain your business trade license in the SRTIP freezone, enabling you to conduct lawful business there.
5. Apply Visa/Residency
You can apply investor or employee visas after obtaining your business license.
6. Corporate Bank Account Opening
Open a corporate bank account in the United Arab Emirates to track all of your business expenses. We assist you in choosing a bank that suits all of your business requirements.
Which documents are required to open a company in SRTIP?
- Passport copy of the shareholder(s) and manager(s)
- Residence visa copy and Emirates ID of the shareholder(s) and manager(s) (for UAE residents)
- Address proof of the shareholder(s) and manager(s)
- Passport-sized photo of the shareholder(s) and manager(s)
RFZ Corporate Services Provider streamlines the process of company formation in SRTIP. Our team of experts is well-versed in regulatory requirements, ensuring meticulous paperwork and easy business setup.
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