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Registering a company in Sharjah (UAE) in 2020
The main advantages of establishing a business in Sharjah are:
- Exemption from corporate and income taxes;
- Full foreign ownership;
- It is possible to open a company in Sharjah Airport International Free Zone Authority and Hamriyah Free Zone Authority;
- No restrictions on the repatriation of profits;
- Fast registration process.
Business registration – from €4,700
Company registration period –from 7 daysDetailed information
* The information about beneficiaries and directors in the UAE is closed, subject to a registration of the company in FZ!
Today the United Arab Emirates is one of the most attractive countries for doing business. This applies to minimizing taxes, the relative simplicity of the schemes, by which companies are registered in the UAE, and the lack of reporting. The local business atmosphere is especially interesting for citizens of other countries, who want to open a business in the Emirates. The same applies, of course, to those entrepreneurs, who decide to register a company in Sharjah.
IQ Decision specialists draw the attention of potential customers, who are focused on a registering a company in Sharjah, that there are more than 30 Free economic Zones in which there are virtually no taxes for businessmen in the UAE. A regulation takes place solely by reference to internal documents.
In addition to zero taxation, there is also no currency control, which in itself justifies the choice to register a company in the UAE and to open a current account in the Emirates. A registering of a company in Sharjah takes a time about one week, while all the documents on the completion of this process are required license corresponding to your type of activity and 2 certificates from the CCI and the Ministry of Economic Development of the country.
You can register a company in the Emirates according to one of the types of enterprises accepted in the UAE.
By the way, IQ Decision lawyers draw your attention to the fact, that if you decide to open a company in Sharjah and to open a bank account in Sharjah, as in any Emirates Free Zone, it is also beneficial, because a person, who does not have Emirates citizenship, can register a business in the Emirates without the need for local partner.
As lawyers at IQ Decision noted, each emirate has its own nuances for opening an enterprise in the SEZ. It is also possible to register a company remotely in the FEZ of Sharjah, however there is one important point. Opening a company in Sharjah is possible only in the form of an onshore with the obligatory rental of an office. A local legislation will not allow opening an offshore in Sharjah, although it is quite realistic to open an offshore in the Emirates.
There are only two Free economic Zones in Sharjah:
- Sharjah Airport International Free Zone Authority - SAIF
- Hamriyah Free Zone Authority - HF
According to IQ Decision professionals, a registering of a business in the Sharjah Free Zone means getting all the benefits of personal and corporate income without taxes, without export duties. One of the goals of this SEZ has always been universality. In Sharjah there is complete foreign ownership and repatriation of capital/profits, as well as tax-free dividends. The advantage of this economic zone is the absence of commercial taxes.
A minimum authorized capital is required in order to register a company in the SEZ of Sharjah in the amount of $40,000.
If you need to open a company in the SEZ of Sharjah, IQ Decision lawyers will help you to choose the most suitable option, as well as be able to open an account in Sharjah for your new company, or offer to buy a ready-made company in the Emirates.
The information outlined in the article is actual at the time of its publication. Please refer to our specialists for checking possible solutions for your business.