Business Setup in Sharjah Mainland is an ideal spot for entrepreneurs looking to launch their businesses. The Sharjah Economic Development Department (SEDD) manages business regulations in this area and handles the issuance of business licenses. The Emirate boasts convenient access to an international airport and ports on both shores of the Arabian Gulf. Its strategic location provides direct routes to North Africa and the Indian Ocean, opening up numerous opportunities for businesses. This jurisdiction presents several benefits for businesses, including:
- Low Corporate Tax
- No Personal Taxes
- 100% Foreign Ownership
- Ease of Doing Business
- No Limitations on Repatriation of Profits and Capital
Yuga Accounting & Tax Consultancy brings nearly two decades of expertise in assisting investors with the business setup process in Sharjah Mainland. We handle every aspect, from obtaining business licenses to processing visa applications and more, ensuring a smooth and hassle-free business setup experience.
Business Licenses Available in Sharjah Mainland
Businesses in Sharjah Mainland generally operate under one of three primary types of licenses:
1) Industrial License
Companies involved in manufacturing or industrial activity will need to apply for this license. This includes packaging , processing, manufacturing,, assembling, and fabrication.
2) Professional License
A Professional license is granted to individual entrepreneurs who offer specialized services as a business, such as consultancy and investment services.
3) Commercial License
Suitable for businesses engaged in trading activities, importing, exporting, and distribution.
Documents and Steps Needed to Obtain Your Business License
Securing your license is designed to be easy and stress-free. Here are the steps you’ll need to take and the documents you’ll want to have available to start the license process:
Steps to Get Your Business License
- Choose Your Company Name
- Pick Your Business’ Legal Structure
- Select the Right Business Activity
- Submit Application
- Pay Fees and Obtain License
- Obtain the Memorandum of Association
- Open a Bank Account
Required Documents
- Copy of passports for shareholders and partners
- Curriculum Vitae of Shareholders
- Reference letter issued by a Bank
- Proof of address from the last three months
- KYC Application, Provided by YUGA Accounting
Business Entities Permitted in Sharjah Mainland
1)Public/Private Shareholding Company
A Public or Private Shareholding Company in Sharjah Mainland is ideal for businesses that intend to raise capital by selling shares either publicly or privately.
2) Limited Liability Company (LLC)
One of the most prevalent business structures in Sharjah Mainland, an LLC provides limited liability protection to its owners (shareholders). LLCs need at least one shareholder and permit foreign ownership of up to 100%.
3) Partnership Company
A Partnership Company in Sharjah Mainland is established when two or more individuals come together to conduct a business venture. Partnerships can be either general partnerships, where all partners share equal responsibility and liability, or limited partnerships, where there is at least one general partner with unlimited liability and one or more limited partners with limited liability.