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Mainland Business Setup in Sharjah
Sharjah Mainland Business Setup has tremendous growth potential and benefits. Sharjah, the Emirate with an investor-friendly attitude, has been one of the most popular business destinations since the turn of the millennium. Recognizing the Emirate's expanding importance as a vital business location, an increasing number of expats and foreign investors are forming companies in Sharjah Mainland.
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Benefits For Sharjah Mainland Business Setup
Get affordable rent
Bank account opening is quite easy
Investment is safe & secure
There is no business or personal income tax.
The legal framework in the modern era
Import, export, and commercial levies are all exempt from tax.
Profits and capital are fully repatriated.
Government incentives are appealing
The business setting is ideal.
Types Of Business Licences In Sharjah Mainland
When starting a business in Sharjah, it is crucial to obtain a business licence. However, the type of business will determine the type of business licence necessary.
A professional licence is required to start a professional firm. Professional licences are available for artists, architects, tutors, and other professionals. The authority will require you to present certificates and documentation validating your qualifications.
Industrial licences are required for companies that produce, build, or manufacture products. Only after an investigation of the industrial plant's social and environmental consequences will the licence be granted. Regardless of the type of business you plan, permits from agencies and organisations such as the ministry of health, business and trade, and the public welfare department will be required.
A commercial licence is required if you plan to engage in any form of commerce. This licence is required for all types of trading, including retail stores, automobile rental firms, and tourism businesses.
Process To Start A Business On the Mainland
Process To Start a Business
Choose the type of business activity
To begin, decide what type of commercial enterprise you want to pursue. Only then can you determine the form of company licence you require.
Look for a local sponsor
You will require a local sponsor if you are a foreign investor. The sponsor must be a UAE national who is a partner in the business and owns 51 percent of the stock.
A public notary should sign the MOA and the company's lease agreement
Obtain a Memorandum of Understanding (MOA), which is a written agreement between parties indicating their willingness to collaborate. It should be notarized. You'll also need to find an office location and have the leasing agreement notarized.
Get all the appropriate documents
To receive a trade licence, you must submit all essential documentation. Depending on the nature of your company, these documents may differ.
Pay licensing fees
You must pay the required licence cost in order to obtain a trade licence.
Application for an Establishment Card
You must submit an application to the Immigration Authority for an establishment card. It's a piece of plastic with your company's information on it.
Get the name board's approval
You must present authorities with three different name possibilities. The name must be one-of-a-kind and free of offensive words.
Fill out the forms and send them to the Department of Economic Development (DED)
To the Department of Economic Development, you must submit all essential forms for your name and your company registration form.
Obtain a trademark registration
You must register your trade name with the Department of Economic Development after you have finalised it. This stage can be completed entirely online.
Get the authority's approval
Regardless of the nature of your business, you may need to secure additional municipal approvals. You will receive your business licence within a few days after paying the costs and submitting all relevant documentation.
Why choose Global Biz Setup?
Global Biz Setup is a business platform in Sharjah. Our Sharjah-based experts have extensive experience in this subject and local knowledge. They can help the procedure go as smoothly as possible. Our extensive domain experience and understanding of Emirate regulations enable us to take care of our clients' passport, visa, and licensing requirements, ensuring that their tasks are performed quickly and without additional bureaucratic trouble. Please get in touch with us right away to know more about Sharjah Mainland Business Setup.