Opening LLC, bank accounts, and residence visas in UAE! Increase the profit of your business by 50%!
Sharjah is the third largest city in the UAE and the centre of one of the seven emirates comprising the country. It is also the highly popular for the purpose of company formation in Sharjah as this emirate has four free trade zones which are highly effective for this purpose. As per latest statistics, the population of Sharjah amounted to 1,4 million residents. Sharjah is one of the most important sea ports in the region bordering on Dubai and Ajman. It has been widely recognized as the cultural and industrial centre of the UAE with numerous sights and exquisite mosques. It is ruled by the Al Qasimi dynasty.
There are about 45 free trade zones on the territory of the UAE. Sharjah has 4 of them, whereby two of these free zones are truly popular and largely developed thus are often chosen for business setup in Sharjah. The main generally benefits offered by UAE free trade zones to expatriates include 100% foreign ownership of the enterprise and 100% repatriation of profit. Furthermore, all companies operating in the UAE free trade zones are exempt of import and export taxes, as well as corporate and personal income tax. The list of free trade zones in Sharjah includes:
Each of them has certain advantages and a set of requirements for Sharjah free zone company formation. While the USA Regional Trade Centre Free Zone cooperates with US companies that are looking for an opportunity in the UAE, the other three are open for international cooperation. There are two types of company formation in Sharjah. The first one is a single shareholder FZE (Free Zone Establishment). The second type allows multiple shareholdings and is known as Free Zone Company (FZC).Apart from being business-friendly and customer-oriented, the most common features characterizing the three free trade zones open for international cooperation in Sharjah run as follows:
|Confidentiality||Highest level of privacy and security|
|Taxation||No corporate and personal income tax, no tax on import and export|
|VAT||tax applies for activities inside UAE|
|Requirements to auditing and accounting||Audits required|
|Currency||Dirham pegged to US dollar; no currency restriction|
|Location||Very convenient, access to ports, the Indian Ocean, bordering on Dubai and Ajman|
|Time of company formation in Sharjah||From several hours to 15 working days (depends on the type of license)|
|Visa||Visa and sponsorship provided|
|Sharjah free zone company setup costs||The costs depend on the package, but in general these costs are less compared with, for example, Dubai|
|Number of directors||At least one|
|Infrastructure||World-class with brand-new facilities for reasonable prices|
|Workforce||No restriction in terms of hiring, 100% expatriate workforce is admissible|
For more information on Sharjah free zone company formation, please, visit the website of HFZ: http://www.hfza.ae
Hamriyah Free Zone was established in 1995. One of its main benefits is its direct access to the Indian Ocean and the International Airport. Its work is governed by the Hamriyah Free Zone Authority. It is possible to obtain a license for Sharjah free zone company formation in only two hours. As for Hamriyah free zone license cost, it offers the most competitive prices throughout the UAE.
The other popular alternative is Sharjah Airport Free zone (SAIF). This one is also often chosen for companies formation. The difference to HFZA is that the SAIF is located in direct proximity to the Sharjah Airport thus has certain logistics advantages for air freight. It also has much larger offer in terms of storage and office facilities compared to Hamriyah. When talking about Sharjah free zone company setup costs the Hamriyah solution is normally a bit more favorable when compared to SAIF.SAIF Free Zone authority is permanently looking at improvements in the companies set up procedures and offers it has in terms of licensing and business promises for various types of enterprises.
Sharjah free zone company setup is an easy and straightforward procedure. It offers considerable advantages to all interested investors and entrepreneurs. Business setup in Sharjah makes you eligible for residence visa in the UAE. This, in its turn, enables you to become the sponsor for your family and staff. Working and living in Sharjah has a number of undeniable benefits.
“Clear approach. Very supportive and fast-reacting to my additional business requirements. Pleased to work with you.”
Evgeni B. / Area of business: Logistics
“As our core business is located in Hong Kong we set up the UAE onshore company for some specific business requirements only. The company has managed to arrange all incorporation procedures in a way that we could handle them within one visit only, considering the telecommunication licensing is usually quite a lengthy process requiring a number of visits. Splendid job! ”
James T. / Area of business: Telecommunication Services.
“ I’m pleased to work with your company as our sub-contractor providing services to our customers within companies incorporation in UAE. The cooperation is highly efficient and beneficial for both parties. In case of urgent questions from our customers I get all answers very fast. Pleased to work with professionals in the area.“
Antonios T. / Area of business: International Business Consulting
“As the assistant of our general manager I was in charge of preparing and coordination the complete incorporation procedure of our branch company in UAE. The co-operation with your company within our branch company incorporation was highly professional, exact and clearly guided so we were informed on each stage.“
Jelena T. / Area of business: Logistics