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When planning to establish a business in the UAE, Sharjah can be a lucrative destination for entrepreneurs and investors. Being a versatile market, the prime business emirate offers state-of-the-art infrastructure and growth opportunities for entrepreneurs to apply for a Sharjah Free Zone license and succeed in their business journey. Owing to the fact that this emirate balances economic development, cultural heritage and sustainable business practices.
Reasons to choose Sharjah Free Zone
The emirate is characterized by its pro-business policies and strategic location. The entrepreneurs can take the advantage of accessing international markets across the Middle East, Africa and South Asia. Its well-connected infrastructure includes – airports, road networks and unparalleled government support. Several market segments are flourishing in India such as hospitality (for an increased tourist influx), cultural authenticity, and innovation hubs. Ultimately, this has surged the number of Sharjah Free Zone licenses.
Benefits of company setup in Sharjah
Operating in Sharjah features a myriad of benefits, making it profitable for entrepreneurs and business owners.
Tax exemptions:
One of the most significant advantages of free zone business setup in Sharjah is tax exemptions. Businesses operating in this zone are 100% exempted from tax. This offers greater flexibility to business owners in increasing financial efficiency and reinvesting capital in the expansion of business on a consistent basis.
Streamlined procedure
Sharjah boasts a simplified procedure for business setup as well as trading licenses. There is ease in going through each step of the process, with minimal bureaucracy involved. Business owners can simply focus on their business goals and the rest can be taken care of by professional business consultancies like SRTIP Accelerator, one of the most renowned and trusted in that area.
Business support
Additionally, Sharjah boasts robust business support services for business owners and entrepreneurs to excel in their ventures. This zone provides an abundance of resources for business setup and a strong community of like-minded professionals. This plays a crucial role in assisting businesses to leverage the Sharjah business environment.
Obtaining Sharjah Free Zone License
Obtaining a Sharjah free zone license is simple and streamlined process that involves the following:
Deciding on the business activity:
This is the foremost step to determine the business activity. This will help in understanding the business in which an entrepreneur needs to engage and the license they have to apply for. Whether it is commercial, industrial, tourism, or even a self-employed activity, the free zone authorities need to understand the activity, the basis on which it grants the license to operate legally in the UAE.
Apply for your license:
After determining your business activity, you need to initiate the application process to set up your business in SRTIP free zone. You must complete the application by filling out necessary forms, and providing all essential information – outlining your business activity, objectives and other details for verification. This also includes submitting relevant documents, such as passport copies, business plans, and proof of address.
Obtain approvals:
After filling out the application form, it goes under a detailed review by the authority. In case the documents are complete and require no clarifications, the process becomes more seamless. However, if the free zone authority counter questions or requires more documents, then the applicant needs to arrange for them to complete the application review process and obtain approval on the license.
Establish Your Business:
Once the license is obtained, you can process to a physical or virtual office space to settle down for your business. The choice of office space depends on your business model. Hence, finalise a space that can help you attract talented staff and launch your business with a progressive mindset.
Final Thoughts
Obtaining a Sharjah-free zone license can be a strategic move. Businesses looking to establish their presence in the dynamic business community – the UAE, can seek growth and expansion in SRTIP free zone that allows them to innovate and excel.
If you are seeking guidance or assistance in the company setup process, you can connect with our team of professionals at SRTIP Accelerator. We can help you navigate through the process and set your business on the path of success.
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