Establishing a company in Sharjah has several advantages, including advanced infrastructure and flexible economic laws that encourage investment and facilitate establishment procedures. In addition, Sharjah provides a supportive and diverse business environment, where startups can benefit from a wide network of expertise and resources.
Entrepreneurs seek to Establishing a company in Sharjah To exploit the diverse economic opportunities offered by the emirate, whether in the fields of industry, technology, services, or others. Sharjah’s strategic presence in the Arabian Gulf region also plays an important role in expanding the scope of business and reaching new markets.
With Sharjah’s advanced infrastructure and technology, startups can benefit from an innovative and advanced business environment, making it an ideal destination for investors looking to build a promising future for their businesses.
Establishing a company in Sharjah is not just about establishing a company, but rather an investment in the future, as the emirate provides the ideal environment for achieving success and sustainable growth of businesses.
Company formation in Sharjah
Cost of establishing a company in Sharjah
Cost of establishing a company in Sharjah It is affected by several factors, including the type of company, the amount of capital, the legal services required, government fees, and other administrative costs. Here is an overview of the elements that may affect the cost of establishing a company in Sharjah:
- register fees: These fees include costs related to registering the company with the relevant government authorities in Sharjah.
- Management consulting fees: In some cases you may need management consulting to develop a business plan or determine the company structure, and these services may also be expensive.
- License and permit fees: These fees relate to the licenses and permits required from the relevant government authorities to start operating in Sharjah.
- Accommodation and transportation costs: If you plan to live and work in Sharjah, you will have personal accommodation and transportation costs.
Investors should conduct thorough research and consultation with Etqan experts before embarking on the company formation process to understand the cost and requirements of each element accurately.
Conditions for establishing a company in Sharjah
Establishing a company in Sharjah requires compliance with several legal conditions and procedures. Here are some basic conditions to consider:
- Select business activity: The company’s activity must be accurately defined according to the approved commercial activity classifications in Sharjah.
- Capital availability: Founders must determine the capital required to establish the company according to the type of company and business activity.
- Choosing a company structure: The appropriate corporate structure must be determined, whether it is a sole proprietorship, partnership, joint stock company or limited liability company.
- Choosing a company name: You must choose a unique and distinctive name for the company and make sure that it is not similar to the names of companies previously registered in Sharjah.
- Submit the necessary documents: Establishing a company requires submitting a set of documents such as the appellate agreement, identity verification certificates, and a letter of support from the partners (in case of partnerships).
- Obtaining licenses and permits: The necessary licenses and permits must be obtained from the competent government and monitoring authorities to practice the commercial activity legally.
- Providing legal responsibility: A local legal officer must be appointed for the company, in accordance with local laws.
- Tax and Insurance Compliance: New companies must comply with tax and insurance requirements as per local laws in Sharjah.
These are some of the basic requirements to consider when establishing a company in Sharjah, and investors should consult with a local lawyer or legal advisor to ensure full compliance with local laws and regulations.
Company formation in Dubai
Company formation in Dubai In cooperation with Itqan, it represents an important strategic step for investors seeking to benefit from the dynamic economic environment and the wide opportunities available in the Emirate of Dubai. In addition, cooperation with Itqan provides the necessary local expertise and knowledge to ensure that all procedures and requirements are implemented smoothly and efficiently.
As Dubai is one of the world’s most important economic centers, partnering with Etqan provides investors with the opportunity to benefit from advanced infrastructure, flexible legislation, and a liberal business environment that encourages innovation and growth.
By providing comprehensive support, including legal advice, assistance with filing documents, and obtaining licenses and permits, investors can be sure that their company formation in Dubai will be done efficiently and effectively, paving the way for them to achieve success and sustainability in their business.
Types of companies in Sharjah
Of course, here is a table showing the common types of companies in Sharjah:
| Type of Company | the description |
|---|---|
| Sole Proprietorship | A company owned and operated by one person, who is fully responsible for the business and debts. |
| Partnership company | A company established by a group of partners who share in the profits, losses and liabilities of the company. |
| Shareholding company | A company owned by shareholders who own shares in the capital, and whose liability is limited to the value of the shares they own. |
| A limited liability company | A company owned by shareholders whose liability is limited to the value of the shares, and managed by a manager or board of directors. |
| Company | A branch of a company registered in another country, owned by the parent company and having specific rights and duties in Sharjah. |
These common types of companies provide a variety of options for investors who want to set up a company in Sharjah according to their needs and business strategies.
Documents required to establish a company in Dubai
Company formation in Sharjah A set of necessary documents are required. These are some of the generally required documents:
- Registration application form: The official registration application form must be filled out, containing information about the proposed company and its activity.
- Partners Agreement (if the company is a partnership): A detailed agreement must be drawn up that specifies the rights and duties of each partner in the company.
- Copies of passports and residence permits: Copies of passports and residence permits of all shareholders and legal officers must be provided.
- Certificate of No Impediment: A certificate must be obtained proving that there is no legal impediment to establishing the company.
- Work permits (for legal officers): Work permits must be obtained for the legal officers who will manage the company.
- Officials’ endorsement letter: A letter stating the appointment of the company’s legal officers must be submitted.
- Authorization of a local lawyer: Incorporating a company requires providing a power of attorney to a local attorney to represent the company in legal transactions.
- Letter of authorization (if there are joint stock companies): A letter stating the authority of the designated person to submit and sign the documents on behalf of the company must be provided.
These are some of the basic documents required to set up a company in Sharjah, and investors should consult with Etqan experts to get an accurate list of required documents based on the type and structure of the proposed company.
Basic steps to establish a company in Sharjah
Of course, but here’s an overview of the basic steps that typically go into the process: Company formation in Sharjah:
- Research and planning: Before starting the company establishment process, the necessary research must be conducted to understand the local market and its needs, and to determine the appropriate type of company for the planned business activity.
- Specify the business activity: The company’s activity must be precisely defined according to the classifications of permitted business activities in Dubai.
- Selecting partners and determining the organizational structure: In the case of cooperatives or partnerships, the partners must be identified and the responsibilities and rights must be clearly distributed.
- Submitting documents: After that, the required documents must be submitted to the relevant authorities in Sharjah, such as the General Authority for Industrial Development or the Department of Economic Development, according to the type and structure of the company.
- Obtaining licenses and permits: Once the documents are completed, the process of obtaining the necessary licenses and permits from the relevant government authorities must begin.
- company Registration: After obtaining all licenses and permits, the company is officially registered with government agencies, and the company’s location is determined if necessary.
- Opening a bank account: A bank account must be opened in the company’s name to carry out financial transactions.
- Tax and insurance registration: The company must register with the relevant tax and insurance authorities in accordance with local legislation.
Itqan Company Services in Establishing Companies in Sharjah
Itqan Company provides a wide range of services for establishing companies in Sharjah. These services include, but are not limited to:
- Business Consulting: Itqan provides comprehensive consultancy to investors who wish to establish companies in Sharjah, including evaluating business opportunities, analyzing the market and developing strategic plans.
- Providing legal services: The company provides the legal services necessary for establishing companies, including assistance in determining the appropriate type of company, preparing the necessary legal documents, and providing comprehensive legal advice.
- Document and License Management: Itqan Company provides document and license management services, including preparing and submitting the necessary documents for registration and obtaining the required licenses and permits from the relevant government agencies.
- Providing administrative support: The company provides administrative support services to investors, including assistance in opening bank accounts, and managing daily financial and administrative matters.
- Providing tax and accounting services: Itqan provides tax and accounting services, including providing guidance and consultation on tax and accounting matters, and preparing financial reports.
- Investment advisory services: The Company provides investment advisory services to investors, including advice on investment strategies and risk management.
Itqan Company provides these and other services to facilitate the process of establishing companies in Sharjah and ensure their success and compliance with local laws and legal standards.
Basic steps to establish a company in Sharjah
Licenses required to establish a company in Dubai
There are several licenses and permits that may be required to establish a company in Dubai, and these licenses depend on the type of company and its activity. Here is a general list of some of the common licenses that may be required:
- General Commercial License: This license allows the company to carry out general commercial activities in Dubai.
- Professional Services License: If the company provides professional services such as consulting or engineering services, it may need this license.
- E-commerce license: If the company intends to operate in the e-commerce business, these licenses may be necessary.
- Professional License: This license is for craft professions such as barbering or salons.
- Industrial license: If the company produces goods or operates a factory, it may need an industrial license.
- Tourism and travel license: If the company operates in the sector
- Whether it is a restaurant or a coffee shop, this license will be required.
At the end of this article, it appears Company formation in Sharjah In cooperation with Itqan Company, it is a fruitful and successful option for investors seeking to build their businesses in this dynamic economic environment. By obtaining distinguished advisory services and comprehensive support from a team with extensive experience in the field of company formation, investors can avoid obstacles and challenges and confidently move towards achieving their business goals.
Through the comprehensive services provided by Itqan, investors can benefit from legal, administrative and financial support that helps them focus on growing their business and achieving success. Company formation in Sharjah represents an exciting investment opportunity, and in cooperation with Itqan, this opportunity can be transformed into a tangible and prosperous reality for investors and the local community alike.
Frequently asked questions about establishing a company in Sharjah
What are the basic steps to establish a company in Sharjah?
- The basic steps include choosing the type of company.
- Define business activity.
- Submit the required documents.
- Obtaining the necessary licenses and permits.
- And register the company with the competent authorities.
What types of companies can be established in Sharjah?
Sole proprietorships, partnerships, joint stock companies, limited liability companies, and branches of foreign companies can be established.
What is the minimum amount of capital required to establish a company in Sharjah?
The amount required varies depending on the type of company and its activity, and there may be a minimum capital requirement or flexible capital determined by the founders.
What fees and costs should I expect during the company formation process?
Costs include registration fees, legal services fees, consulting costs, government dues fees, and accommodation and transportation costs if required.
How long does it usually take to set up a company in Sharjah?
The duration of the incorporation process can vary depending on the type of company and the legal and administrative complexities, but in general it can take several weeks to several months.
