When considering starting or expanding a business globally, the first thing that comes to mind is location. Every business has unique requirements in terms of geography, market access, and transportation. The UAE is widely recognized as a hub for new startups due to its strong support for businesses. Among the top locations in the UAE, Sharjah ranks alongside Dubai and Abu Dhabi as a prime destination for business.
How Good is Sharjah for Setting Up a New Business?
Sharjah is one of the most popular cities in the UAE and the wider Middle East. Its strategic location and business-friendly environment make it an attractive destination for startups and venture capitalists. The city is also rich in cultural heritage, providing a unique blend of tradition and modernity that appeals to both investors and residents alike. In addition to its advantageous environment and location, Sharjah is particularly appealing to small entrepreneurs, as establishing a business here requires minimal financial resources. The supportive governmental policies and ease of doing business further enhance its attractiveness. The city offers two main options for starting a business—Mainland and Free Zone. Whether you prefer a seamless process or the benefits of a tax-free zone, Sharjah has the right option for your business.
Business in Sharjah Free Zones
In the UAE, Free Zones are Special Economic Zones (SEZs) established by the government to boost Foreign Direct Investment (FDI). Sharjah is home to six Free Zones, each offering numerous opportunities for investors and entrepreneurs. These Free Zones cater to various industries, including media, healthcare, publishing, and technology, allowing businesses to choose the zone that best fits their needs. Starting a business in Sharjah's Free Zones grants you 100% foreign ownership, full profit repatriation, and complete exemptions from customs duties, VAT, corporate income tax, and more. With world-class facilities and infrastructure, Sharjah's Free Zones are an attractive option for investors looking to establish or expand their businesses. Additionally, these zones provide streamlined processes and reduced bureaucracy, making it easier for businesses to get up and running quickly.
The Six Sharjah Free Zones:
- Hamriyah Free Zone Authority (HFZA)
- Sharjah Airport Free Zone (SAIF)
- Sharjah Media City (Shams)
- Sharjah Research Technology and Innovation Park (SRTIP)
- Sharjah Healthcare City (SHCC)
- Sharjah Publishing City
Advantages of Setting Up Business in Free Zones:
- 100% Ownership
- Zero Corporate & Income Tax
- Easy Setup
- Simplified Operations
- No Import-Export Fees & Custom Duties
Business in Sharjah Mainland
On the other hand, setting up a business on the Mainland offers unique advantages, as it allows companies to expand into other markets across the UAE without the restrictions that Free Zones impose. This flexibility is one of the key benefits of operating in the Mainland compared to Free Zones. Businesses on the Mainland can also engage in a broader range of activities, from trading to professional services, without the limitations often associated with Free Zone entities. The Sharjah Department of Economic Development (SEDD) oversees the issuance of trade licenses necessary for operating a business in Sharjah, ensuring that the process is both efficient and transparent.
The UAE Commercial Companies Law governs all bodies registered in Sharjah Mainland. Newly made amendments to this law now allow 100% foreign ownership, opening new investment opportunities for foreign investors. This change means that foreign investors can fully own a company in Sharjah Mainland without the need for a local sponsor, thus offering greater autonomy and control over their business operations.
Companies registered in Sharjah Mainland can operate throughout the UAE, including with both federal and local government entities. This provides businesses with the advantage of accessing a broader market and expanding their operations nationwide, making it an ideal choice for those looking to grow beyond local confines.
Advantages of Setting Up Business in Mainland:
- Business Permits Across the UAE with National & Local Government Entities
- Access to a Larger Market
- Opportunity for 100% Ownership
- Simplified Operations
- Lower Setup Costs
How Markai Helps Startups Grow in Sharjah
Whether you’re a budding entrepreneur or an established firm, Sharjah offers a wealth of opportunities worth exploring. With its business-friendly environment, straightforward registration process, and favorable tax policies, Sharjah could be the perfect location for your next business venture. However, setting up a business can be challenging, especially when expanding on a global scale.
This is where Markai Corporate Services steps in to support your business aspirations. From assisting with Mainland or Free Zone company setups to providing PRO and legal services, Markai Corporate Services offers the expertise and support needed to help your business thrive. With a deep understanding of local regulations and a commitment to helping clients succeed, Markai is your trusted partner in navigating the complexities of establishing a business in Sharjah. Whether you need help with licensing, visas, or ongoing operational support, Markai is here to ensure that your business journey is smooth and successful.