Set up a company in a Free Zone in Sharjah
Sharjah is the third largest emirate in the UAE, and the traditional trading center of the region. Sharjah’s geographic location gives it a unique advantage as Sharjah has ports both on the west coast and east coast with access to Indian Ocean.
With its close proximity to Dubai and reasonably cheaper operational costs, Sharjah can be a fruitful investment location.
Sharjah encourages industrial and commercial development by having business centric policies and emphasizing on sustainable and balanced growth among the various economic sectors. The developments made by the Government of Sharjah have positioned the Emirate to be at the forefront of the industrialization in the UAE.
Some of the initiatives include construction of dedicated industrial areas, improvements to road infrastructure, and development and expansion of Sharjah International Airport.
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Advantages of a Free Zone Company in Sharjah
Sharjah has been successful in terms of economic growth, and in diversifying away from oil. SAIF Zone has provided investors with economical options for company setup close to the airport, enabling air logistics. Hamriyah Free Zone is a deep sea port, and offers economical options for setting up manufacturing units and industries.
Favourable Investment Climate
The government of Sharjah has constantly strived to provide economical options for doing business in the emirate. Their initiatives in making doing business in Sharjah easier, and strong Government support, have resulted in Sharjah being attractive to both local and international investors.
Free Zone network
Sharjah has two general free zones, that offer commercial, service and industrial licenses, in addition to many incentives for setting up industry. The recently formed SHAMS Free Zone has provided startup media companies a base for setting up in the region. Investors have 100% ownership of their assets, along with no restrictions on repatriation of profit and capital.
There are no personal or corporate income taxes. This enables companies in Sharjah to deploy their capital and earnings to expand their businesses, and attract good talent from all parts of the world.
Sharjah is located between Asia, Europe and Africa, a gateway to over 2 billion people.
Sharjah has an excellent network of roads and highways and exceptional ports and airport facilities.
Access to a pool of Human Resources
Companies operating in Sharjah have access to a multicultural pool of talent from across the world. The local Emirati population is highly educated and seeks more active participation in the private sector. Costs of living are considerably lower in Sharjah.
The UAE has had a politically stable climate since inception. The UAE is known as one of the most tolerant, prosperous, secure and safe societies in the world and is ranked as the top Middle Eastern city in Mercer’s Quality of Life Index.
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Forming a company in the UAE can be a daunting task, due to the multiple options available. Do you start a company in the Dubai mainland, or do you setup a free zone company? What are the laws and regulations governing your company? Answer these questions, and many more, through our Doing Business Guides that you can download for free!
We write on all aspects of doing business in the UAE. Read our blogs to understand more about company formation, advantages of various free zones,
typical issues that you may face when setting up a company in the UAE, or operating in the region, and much much more.