Forming a company at Sharjah necessitates planning and decision making on various aspects of investment like location of registration, legal structure of business andhuman work force. The location of business registration has to be decided not just as business strategy but also considering the regulatory legislations. The following are the different options of business registration in Sharjah based on the laws governing companies.
Different Options of Setting Up Business in Sharjah
(1) Registering business with the Department of Economic Development, Sharjah – This option is chosen by investors who expect substantial volume of business inside UAE
(2) Registering Business with Free Zones in Sharjah – This option is chosen by investors who plan their major business transactions outside UAE and insist 100% ownership
The costs, procedures and time taken to complete the registration vary with each option.
Why Investors Choose Sharjah?
Sharjah has become a bustling business hub and desirable location for investors due to its stable infrastructure and unique positioning.
The investors choose Sharjah as their business destination attracted by the efforts of Sharjah government in attracting investments of all sizes and gestation periods. The Government of Sharjah established Sharjah Investment and Development Authority (Shurooq) in February 2009 to evaluate and follow up on tourism, investment and heritage-related infrastructure projects, participating in comprehensive construction and development processes. Shurooq provides sound consultation resulting from their study and experience. These are a few requirements the consideration of which is indispensable in planning even the initial phase of setting up business. These include office space required for business, targeted market for business, number of shareholders and human work force required. It is based on this a suitable option of business registration can be decided. The above requirements also become important factors in deciding the legal structures of business.
SOCPROLLECT | Sharjah Business Setup Consultants
PO BOX – 19535
Mobile No: +971 55 5393936
PO BOX – 120409
Mobile No: +971 50 9786737