Have you ever thought about starting your own project or company? If your answer is yes, then you must carefully choose the location for your project or company. That’s why those who want to start a project wonder about the cost of establishing a company in the free zone in Sharjah. Sharjah is located in the United Arab Emirates and is a city with a population of approximately one and a half million people, occupying an area of about 2,590 square kilometers. Some free zones have been established that allow foreign investors to set up companies in them.
Cost of Establishing a Company in the Free Zone in Sharjah
The budget required to establish a project or company varies depending on the nature of the activity and the chosen free zone.
However, there is an average cost that can give you an idea, which may vary.
Tasyeir Company can assist you in easily determining these costs due to their expertise in the administrative field for numerous investment companies.
The cost of establishing a company in the free zone in Sharjah is around fifty thousand dirhams.
However, if you want an accurate calculation of the actual cost, it is advisable to consult a business management specialist.
There are several main costs, including:
- Office space cost, the cost varies depending on the location and size of the office. The cost increases with a prime location and larger space.
- Registration fees, this is another major cost that must be incurred for company registration in Sharjah. The value of these fees varies depending on the nature of the activity.
- Legal fees, these fees pertain to document review and drafting and are fixed for all documents.
- As well as, visa fees, the cost of visas depends on the number of individuals.
Advantages of Establishing a Company in the Free Zone in Sharjah
There are indeed several advantages for business owners when establishing a company in the free zone in Sharjah. Some of these advantages include:
- Tax exemption, the company is exempted from taxes.
- Full ownership, the company owner enjoys complete ownership of the established company in the free zone.
- As well as, attractive conditions and privileges, investors from other countries are offered attractive and distinctive conditions and privileges.
- Long-term leasing, it is possible to lease for extended periods, up to 25 years.
- As well as, repatriation of funds, you can repatriate funds to your home country without any charges, at a 100% rate.
- Tax exemptions, the free zone provides various tax exemptions for individuals, imports, and exports.
- No requirement for a sponsor or agent, you are not required to have a sponsor or agent.
- As well as, easy and quick labor recruitment, the free zone facilitates the easy and speedy recruitment of the workforce.
- Faster business setup, it helps you start your business faster compared to other areas.
- Easy access to services, there is easy access to services such as legal services, housing services, and work and immigration services that you may require for your business.
These advantages make establishing a company in the free zone in Sharjah an attractive option for business owners.
Steps to Establishing a Company in the Free Zone
There are several steps you need to follow to start establishing a company in the free zone.
These steps include:
- Visit the relevant authorities to obtain the required documents pertaining to the company, such as activity and ownership papers.
- Obtain preliminary approval to engage in the desired business activity.
- As well as, issue the license that allows you to operate your business in the free zone in Sharjah.
- Find a company headquarters, whether it’s owned or rented.
- As well as, find a warehouse for the company if necessary, whether it’s owned or rented, and receive the keys to the premises.
- Obtain the company’s identity card, which grants you access to the free zone. This is the final step in establishing your company in this zone.
It’s worth mentioning that Tasyeir, a company, provides you with all these services with precision and high quality at the lowest prices.
All you need to do is contact them through their website here.
Allowed and Prohibited Activities When Establishing a Company
The UAE has specified certain activities that are allowed to be conducted in the free zone for foreign investors.
These activities include:
- Trading activities involving the purchase and sale of stocks.
- Business management activities across various companies.
- As well as, real estate marketing activities, including ownership and acquisition of properties and lands.
- Manufacturing and production activities, subject to safety conditions and provided that the products are not hazardous.
On the other hand, when it comes to prohibited activities in the free zone in Sharjah for foreign investors, they include:
- Media-related activities using visual, auditory, or written means.
- As well as, mining-related activities, whether establishing a mining company or participating with a stake in one.
- Aviation-related activities, such as establishing an airline company or acquiring shares in aviation companies.
Excel in your endeavors with Tasyeir Company
Tasyeir offers a range of distinctive offers and services, particularly when it comes to the cost of establishing a company in the free zone in Sharjah. Not only that, but we also discussed the aspects you need to know for establishing your company, including available fields and other benefits that you will enjoy when establishing your company.
