Company Formation in Sharjah, UAE | Free Zone LLC

 

Sharjah is recognized as an industrial center that allures more manufacturing companies around the globe. Over 80% of manufacturing occurs in Sharjah. Because of this, it will be ideal to establish a product or manufacturing company in this emirate. If you looking for company formation in Sharjah then it can be an excited and important decision for you. The business setup consultants at Start Any Business UAE will help you throughout the process and guide you on every step that they take. They make it reliable and obstacle-free.

Sharjah is considered as the best ten locations for ease of doing business across the UAE. Business people can incorporate a company here easily. There are different kinds of free Zones in Sharjah that permit 100% overseas company ownership. Besides, there are also various sorts of incentives for incorporating a company in Sharjah. Manufacturing amenities are very low in Sharjah as there are immense resources like electricity and water.

The process of Company Formation in Sharjah 

The following steps are needed for the formation of a company in Sharjah –

·       Business Type 

First of all, you have to decide on the type of business that suits your company formation in Sharjah. If you wish 100% overseas company ownership then the right business framework will be the Sharjah free zone company. Although, if you wish certain forms of independence and control by overseas managers then select an LLC company formation in Sharjah.

·       Register the Company 

After selecting the right framework, you will need to register your company with the Department of Economic Development. Besides, you can go to the Sharjah Chambers of Commerce official website for the company registration process. 

·       Application for Respective License 

Next, you will need to apply for the relevant license. There are three kinds of business licenses that you can apply for – commercial license, professional license, and industrial license. 

·       Trade Name Registration 

After setup a business license, you will need to register your trade name. The trade name will be the company name. Such a name should be iconic to the public. There should not be any intellectual property infringement against the selected name. The name should be different from all other names. 

·       Drafting of Memorandum of Association 

You will necessitate drafting the Memorandum of Association. Here you will need to give valid details about your company. Once the MOA is drafted, then you need to notarize it at the relevant notary.

·       Lease Agreement 

From 2019, Sharjah needs companies to appoint local employees and have a physical office space in the emirate. If you need office space, then set up premises should be carried. Once this is finalized, the lease contract has to be notarized. 

Documents Required for Company Formation in Sharjah

 

• Company registration application form 
• Contact person’s business card 
• Business plan
• Memorandum of Association and Article of Association 
• Copies of passports of the business partners and managers 
• Bank reference letters and existing company’s license of the partner
• Lease agreement 

Benefits of Company Formation in Sharjah 

·       World Class Infrastructure 

Sharjah is a vital portion of the UAE, which makes it the third biggest population after Abu Dhabi and Dubai. it is a prime destination which is shown close to Dubai. This is quite simple to incorporate a business, as the government gives more support to companies. Business people can either incorporate a company in the non-free zone or free zones in Sharjah. 

·       Availability of Resources 

Manufacturing amenities are very low in Sharjah because there is an infinite number of resources. Therefore, manufacturing companies can use the above resources to produce their needed output. The government takes up to over 60% of the cost regarding resources that are utilized for day-to-day production activities.

·       Free zones 

There are various free zones present in Sharjah which comprise the Sharjah Airport International Free zone and Hamriyah Free zone. Establishing a business in a free zone will permit you 100% overseas company ownership. Besides, there are also various forms of incentives and advantages given by the government.

·       Large Cargo Hub 

Being the hub of four emirates, Sharjah is the largest cargo center across the globe. It is because of the presence of the Sharjah International free zone.