Establishing a business in the United Arab Emirates (UAE) offers numerous advantages, particularly within its free zones. These designated areas provide a range of incentives designed to attract foreign investment and foster economic growth.

Benefits of Freezone Company Setup in the UAE

Setting up a freezone company setup in UAE presents several key benefits:

• 100% Foreign Ownership: Unlike mainland companies that may require local sponsorship, free zone entities allow full foreign ownership, granting investors complete control over their business operations.
• Tax Exemptions: Businesses in free zones enjoy exemptions from corporate and personal income taxes, enhancing profitability.
• Repatriation of Capital and Profits: Companies can repatriate all capital and profits without restrictions, facilitating global business operations.
• Simplified Import and Export Procedures: Free zones offer streamlined customs processes, making international trade more efficient.
• State-of-the-Art Infrastructure: Access to modern facilities, advanced communication systems, and robust logistical support ensures businesses operate seamlessly.

General Trading License in Sharjah

For entrepreneurs interested in diverse trading activities, obtaining a general trading license in Sharjah is a strategic move. This license permits the import, export, and trading of a wide array of goods, including electronics, furniture, and textiles.

Key Aspects of the General Trading License in Sharjah:

• Comprehensive Trading Rights: Allows businesses to trade multiple product lines under a single license.
• Cost-Effective Setup: The cost of acquiring a general trading license in Sharjah ranges from AED 5,000 to AED 30,000, depending on factors such as office space and visa requirements.
• Strategic Location: Sharjah's proximity to major ports and airports facilitates efficient logistics and distribution.

Company Formation in Sharjah with SRTIPACC

The Company Formation in Sharjah Research, Technology, and Innovation Park Accelerator (SRTIPACC) offers a conducive environment for company formation in Sharjah, especially for businesses focused on innovation and technology.

Advantages of Partnering with SRTIPACC:

• Diverse Business Activities: SRTIPACC accommodates over 1,500 business activities, including trading, consultancy, and services, providing flexibility for various business models.
• Flexible Licensing Packages: Offers cost-effective business setup packages with options for multiple shareholders and a mix of business activities under a single license.
• Comprehensive Support Services: From company registration and licensing to visa processing and bank account assistance, SRTIPACC provides end-to-end support for seamless business setup.
• Networking Opportunities: Access to a network of qualified mentors and advisors, as well as invitations to exclusive networking events, fosters growth and collaboration.

Steps to Establish a Company in Sharjah Free Zone with SRTIPACC:

1. Select Business Activity: Choose from over 1,500 permitted activities that align with your business objectives.
2. Reserve Trade Name: Ensure your chosen company name complies with UAE naming conventions and is unique within the jurisdiction.
3. Submit Documentation: Prepare and submit the required documents, including passport copies and application forms.
4. Obtain License: Upon approval, receive your business license, authorizing legal operation within the free zone.
5. Process Visas: Facilitate investor and employee visas as needed for your business operations.
6. Open Bank Account: Set up a corporate bank account to manage financial transactions.

By leveraging the benefits of free zone company setup in the UAE, obtaining a general trading license in Sharjah, and partnering with entities like SRTIPACC, entrepreneurs can establish a strong foundation for their businesses in this dynamic market.