Business Setup in Sharjah Free Zone
Looking for your next business opportunity? Business setup in a Sharjah free zone may be the answer. The emirate of Sharjah has access to major ports and airports, and is strategically located between Dubai and the northern emirates, making it a central and business-friendly location in the UAE.
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Starting a Business in Sharjah Free Zone
As the third largest emirate, Sharjah is quickly becoming an affordable option for SMEs, freelancers, multinational companies, and startups to thrive. Prospective individuals considering company formation in a Sharjah free zone are incentivized by access to modern amenities, unrestricted trading, avoiding the bureaucratic red tape that often comes with business setups.
All the Sharjah free zones are major hubs for businesses across industries, housing thousands of companies from over 160 countries. Some of the industries operating in the free zone include:
Wholesale & Retail
Logistics & Transportation
Oil & Gas
Healthcare
Media & Publishing
Services & Consultancy
Renewable energy
Food
Aviation
Environmental technology
Most free zones offer pre-built offices and warehouses, along with land plots so that businesses may build their own spaces if they wish to do so.
Benefits of Business Setup in a Sharjah Free Zone
Setting up a business in a free zone can be a good idea for many reasons. It is an ideal location for foreign investors and budding entrepreneurs to diversify their income, with the added bonus of dealing with minimal paperwork and a relatively straightforward process.
- 100% ownership of your business
- Access to state-of-the-art infrastructure
- 100% exemption from taxes
- No import or export duties
- 100% repatriation of capital & profits
- Easy access to global and regional markets
- Proximity to international airport and major ports
- Affordable labour and commercial lease options
- Low operational costs
How Many Free Zones Does Sharjah Have?
Sharjah has five major free zones. Every free zone offers unique features for investors and businesses:
Free Zones in Sharjah
Hamriyah Free Zone (HFZ)
Sharjah Research, Technology, and Innovation Park (SRTIP Free Zone
Steps to Set Up a Business in a Sharjah Free Zone
For anyone considering business setup in a Sharjah free zone, the process is much easier than setting up in the sharjah mainland. You can always hire a business setup consultant to handle the process for you, which can save you a considerable amount of time and effort.
Step 1
Pick a Free Zone to Operate in
Step 2
Decide on a Legal Entity and Choose Trade Name
You can choose between a Free Zone Establishment (FZE), Free Zone Company (FZCO), Free Zone Limited Liability Company (FZ LLC), or opening a branch of an existing business. Not every free zone allows every type of entity so make sure to do your due diligence.
An FZE is owned by a single shareholder (corporate entity/individual) The owner has complete control over the business and has limited liability protection. A FZCO can have up to 50 shareholders and is governed by a jointly agreed management structure. An FZ LLC is similar to an LLC you might operate on the mainland, only exempt from taxes.
You should also choose a trade name. This is the name you will use to register your business. You can find the rules for choosing a trade name along with checking if your desired name has already been registered on the relevant free zone authority’s website.
Step 3
Apply for a Business License
Step 4
Find an Office Space
Step 5
Submit Documents and Pay Registration and License Fees
Types of Sharjah Free Zone Licenses
Trading License
With a general trading license, you can import, export, and sell wholesale goods. This is a good option for businesses looking for a free zone license in Sharjah that supports various trading activities.
Professional License
Professional licenses are granted to individuals looking to offer specialized services like consulting, IT, legal, accounting, advertising, security, and architecture. As this license needs to be renewed every year, you should make sure to keep your professional certificates up to date.
Commercial License
A commercial license is different from a general trading license as it covers specific goods like furniture, software, automobiles, foodstuffs, medical equipment, and readymade garments. If you are considering a business setup in a Sharjah free zone that allows you to export or import products from overseas, you need to apply for this license.
Industrial license
Any business that uses specialized plant equipment needs an industrial license to operate. Some examples include food packaging, manufacturing paper, large scale production of chemicals, and assembling equipment, machines, or engines.
How Much Does a Sharjah Free Zone License Cost?
Freezone | Visas | License Cost |
---|---|---|
SRTIP | 0 | AED 5,510 |
SHAMS | 0 | AED 5,760 |
SPC | 0 | AED 6,875 |
HFZ | 1 | AED 11,000 |