5 Reasons Why You Should Consider Company Registration in the Sharjah

27th, Sep 2022

After Dubai, and Abu Dhabi, Sharjah in the UAE is the third largest emirate. It is among the most progressive emirate out of the seven, contributing almost 7.5% of the country’s GDP (Gross Domestic Product). It has the fastest-growing economy that attracts investors from all around the globe. 

Also, Sharjah is the only emirate with access to the ports on the western & eastern of the Arabian Gulf, the Indian Ocean, and direct access to North Africa. That helps businesses in easy transportation of commercial products and freight. In addition to that, Sharjah’s government actively participates in providing a friendly environment for running a business successfully. It offers lucrative governmental incentives for investors in every type of industry. That is why many entrepreneurs are coming forward for new company registration in Sharjah.

So if you are planning to establish a new company in Sharjah, here are five reasons that will help you to put a stamp on this decision:

1. It is Tax-Free!

Sharjah is a tax haven. The taxation laws are very lenient compared to any other emirates in the UAE. It does not levy any tax on individuals or companies. With the increasing number of businesses, Sharjah has been a magnet for new startup ideas, established businesses, and businessmen looking for a tax-free zone for company formation.

2. Adherence to Rules and Regulations by Everyone

In addition to tax benefits, Sharjah UAE is also known for its high living standard for the people with UAE residency. The people of Sharjah follow the rules and regulations, making it one of the safest places in the UAE.

3. Get Tax Residency

A new company set up in Sharjah allows business owners to take up residence in the UAE. The residency certificate helps to reduce the overall tax burden and evades double taxation, letting business owners enjoy high profitability.

4. Growing Business Hub

Sharjah has gained much traction in the past few years from prospective business owners around the globe. Making it the most successful growing business hub in the UAE. The reason behind this is no corporate taxes, no taxes on export or import, and minimum requirements for company formation.

5. Easy and Smooth banking Facilities

Sharjah has a huge presence of international banks and a strong financial system. In Sharjah, businesses can easily get financial support from the banks to support their growth requirements. Registered companies in Sharjah can easily take credits from different financial institutions.

Other than this, Sharjah also provides the following:

1. Sharjah provides 100% repatriation of profits and capital for foreign companies and complete business ownership.
2. Sharjah offers a 50% rental decrease for the tourism and hospitality industry for three months.
3. Provide warehouse facilities for New company registration in Sharjah to store goods freely for up to 2 months.
4. Offer multiple entry visas for entrepreneurs.

Bottom Line

New company registration in Sharjah comes with lots of perks. It has a robust infrastructure, offers 100% exemption of taxes, eye-catching architects, great incentives by the government, and much more. If you want a high return on investment (ROI), global reach, business visibility, or recognition, Sharjah is the best place to register your company.

If you’re planning to register your company in Sharjah, then Global Biz Setup is here to assist you. With extensive domain knowledge and understanding of Emirate legislation, we’ll help you to set up your business in Sharjah hassle-free. Get associated with us to know the entire process of new company registration in Sharjah.