Our Services
Brochure
Download Silver Oak Documents Clearing Services LLC brochures for all our Packages
Send Us mail
Silver Oak Biz offers a full range of Business Setup services for all New startup companies
Business Setup in Sharjah
Sharjah is the third largest emirate in the UAE and a popular place to start a business. It has a great location, affordable setup costs, and government support for new and growing businesses. Whether you’re starting fresh or expanding your business, Sharjah offers numerous business options, modern facilities, and access to various industries.
Expert Business Setup Services in Sharjah, UAE
The Sharjah Department of Economic Development (SEDD) handles the process of setting up new businesses and allows various types of business activities. Sharjah is known for its strong industrial base and focus on education. The World Health Organization also recognizes it for its strict rules on alcohol use. Silver Oak Biz helps investors with reliable guidance for starting a company in Sharjah.
Types of Company Formation in Sharjah Mainland
Investors in Sharjah Mainland must choose a legal structure based on the number of shareholders in their proposed company, which can lead to the establishment of various companies
Sole Proprietorship: A Local Service Agent (LSA) Company in Sharjah is a sole proprietorship business requiring foreign entrepreneurs to appoint a UAE national. We provide professional services for business setup in Sharjah and offer consulting services to help navigate the legal requirements.
Partnership Company: A partnership company in Sharjah is a joint-stock company formed by UAE nationals. Unlike an LLC, which foreign investors cannot establish, it is liable for liabilities based on shares held.
Limited Liability Company (LLC): A Limited Liability Company (LLC) can be formed in Sharjah with a minimum of two and a maximum of 50 shareholders, with each shareholder’s liability limited to their capital share. Starting in June 2021, the government will allow 100% foreign ownership in Sharjah, eliminating the previous requirement of a UAE national sponsor.
Public/Private Shareholding Company: A shareholding company divides its share capital into equal-value, tradable shares, offering limited liability to its partners. Sharjah-based private shareholding companies follow Public Joint Stock Company rules, with founding members signing memorandums and articles of association.
Branch Companies: Registered companies, including those based in the UAE, foreign entities, and GCC-based entities, can establish branches on the Sharjah mainland with the assistance of business setup advisers for a quick and efficient establishment.
Types of Business Licenses in Sharjah Mainland
To operate legally in Sharjah, a valid trade license must be issued by the Sharjah Economic Development Department (SEDD). License types vary depending on your business activity.
Commercial License: A commercial license in the Sharjah Mainland allows entrepreneurs to distribute, consolidate, store, warehouse, and import and export goods. A regular license will enable investors to trade in specific product lines. In contrast, a general trading license allows a wide range of goods. A commercial license permits 100% foreign ownership in specific activities, with business setup consultants in Sharjah providing further details.
Service License: A service license in the Sharjah mainland allows entrepreneurs to practice their expertise in specific services, such as consultancy, management, and accounting. Applicants must have relevant qualifications and undergo examinations to prove their experience and plans. This professional license covers consultancy, management, and accounting services.
Industrial License: Entrepreneurs operating capital-intensive activities, such as manufacturing, mining, electricity, oil, and gas, require an industrial license on the Sharjah mainland. Special approvals from the Ministry of Labour, Economy, and Commerce, as well as other relevant government departments, are required. Investors must submit all external approvals, and business setup consultants can assist them in navigating this process.
Business Setup Process in Sharjah Mainland
The process of setting up a business in the Sharjah Mainland involves several clear steps, starting with choosing the right business activity and selecting the appropriate legal structure. Investors must apply for initial approval from the Sharjah Economic Development Department (SEDD), reserve a trade name, and prepare essential documents such as the Memorandum of Association (MOA). After securing office space and obtaining any required external approvals, the business owner must submit all documents and pay the necessary government fees. Once approved, the trade license is issued, and the company can officially begin operations. Working with experienced consultants can help ensure each step is completed smoothly and without delays.
- Decide business activity
- Choose legal structure
- Get trade name approval (Obtain initial approval from SEDD)
- Sign MOA and rent office space
- Secure external approvals (if needed)
- Pay license and registration fees
- Receive a trade license
Open a Business Bank Account: Opening a business bank account in Dubai is difficult for efficient company finances, with many banks offering this service. Ensure all necessary documentation is in place for a smooth setup process.
Required Documents for Business Registration
Investors in Sharjah must submit specific documents for a business license application, which can be prepared using business setup services in the city.
- A copy of the business plan
- Attested & Notarized MOA and Articles of Association (AOA)
- Passport copies of all partners and managers
- Power of Attorney
- Bank reference letters, if applicable
- Board resolution for foreign companies
- Lease agreement, Feasibility report of the project
Business Setup in Sharjah offers Many Benefits
- 100% foreign ownership (in most sectors)
- Access to industrial and educational hubs
- World-class logistics and infrastructure
- Zero personal and corporate tax
- Political stability and an investor-friendly climate
- Quick and digital registration processes
Estimated Costs for Mainland Business Setup in Sharjah
Setting up a business in Sharjah mainland costs vary based on business activity, office space requirements, and local sponsor requirements. Or hire a pro services for more details.
Total Estimated Cost
The total cost to set up a mainland business in Sharjah can range from AED 35,000 to AED 100,000 or more, depending on the business size, type, and complexity. Costs will also fluctuate based on the scale of operations and the specific requirements of your business.
Silver Oak Documents Clearing Services LLC is officially authorized as a trusted business consultant for company formation in Sharjah Free Zones, including SHAMS Free Zone, SPC Free Zone, SAIF Free Zone, and Hamriyah Free Zone. With our extensive knowledge of free zones, local regulations, and processes, we provide full support to businesses looking to establish new companies in these free zones. Our expert team ensures that clients fulfill registration, licensing, documentation, and compliance requirements efficiently. Whether you are a startup or an established company, Silver Oak facilitates a seamless setup experience in Sharjah’s vibrant free zones, helping you unlock new opportunities for growth and success.
Answer of mostly asked questions to us
What are the steps to set up a business in Sharjah?
- To set up a business in Sharjah, you typically need to follow these steps:
- Determine the business activity you wish to undertake.
- Choose a suitable business structure (e.g., LLC, sole proprietorship, etc.).
- Apply for initial approval from the Sharjah Economic Development Department (SEDD).
- Obtain the necessary licenses and permits.
- Reserve a trade name for your business.
- Rent or lease an office space that complies with local regulations.
- Open a corporate bank account.
- Complete the registration process and pay the required fees.
What types of business licenses are available in Sharjah?
Sharjah offers various types of business licenses, including:
- Commercial License: For trading activities.
- Industrial License: For manufacturing businesses.
- Professional License: For service-based industries (e.g., consultancy, legal services).
- Tourism License: For travel and tourism-related activities.
Is it necessary to have a local sponsor to set up a business in Sharjah?
Yes, for certain business structures like LLCs, it is mandatory to have a local sponsor (UAE national) who holds 51% of the shares. However, there are free zones in Sharjah where 100% foreign ownership is permitted.
What are the advantages of setting up a business in Sharjah?
- Strategic Location: Sharjah is centrally located in the UAE, making it ideal for trade and commerce.
- Cost-Effective: Business setup costs in Sharjah are generally lower compared to other emirates.
- Free Zones: Sharjah offers a variety of free zones catering to different industries where foreign investors can enjoy 100% ownership and tax exemptions.
- Robust Infrastructure: Sharjah provides excellent infrastructure, including transport networks and business facilities.
How long does it take to set up a business in Sharjah?
The time required to set up a business in Sharjah can vary depending on the business type, licensing requirements, and whether all documents are in order. Generally, the process can take anywhere from a few days to several weeks.
Are there any specific regulations for foreign investors?
Foreign investors must comply with local laws and regulations, which may include having a local sponsor for certain types of businesses. However, Sharjah's free zones offer a favorable environment where foreign entrepreneurs can set up businesses with 100% ownership.
What is the minimum capital requirement for starting a business in Sharjah?
The minimum capital requirement varies based on the type of business and its structure. For LLCs, the minimum share capital is typically AED 300,000, whereas, in free zones, the requirements can be significantly lower.
Can I hire foreign employees for my business in Sharjah?
Yes, businesses can hire foreign employees in Sharjah. However, specific visas and work permits must be obtained from the relevant authorities, and there are regulations concerning the ratio of foreign to local employees.
What are the ongoing compliance requirements for businesses in Sharjah?
After setting up your business, you must comply with ongoing requirements, which may include:
- Renewing your trade license annually.
- Submitting tax returns (if applicable).
- Maintaining accurate financial records.
- Adhering to labor laws concerning employee rights and welfare.
How can Silver Oak Documents Clearing Services LLC assist in the business setup process?
At Silver Oak, we specialize in providing expert guidance and support throughout the business setup process in Sharjah. Our services include:
- Assisting with the documentation and application process
- Offering insights on local sponsorship and licensing requirements
- Helping you navigate regulations and compliance
- Providing ongoing support for your business needs
