Business is booming in the UAE and the authorities are successful in driving growth in the business world of the UAE. Investors are coming in with their ideas and money to setups their businesses in the UAE every day. The level of investment has brought an economic boom in the UAE and the business activity has made it one of the best prospects in the UAE.
The development of cities like Dubai, Abu Dhabi and Sharjah is an example of how, if properly planned and implemented, can business friendly policies be advantageous for a region. The key is to also remain consistent when it comes to policies. The authorities in the UAE have followed one agenda and one line in order to be successful. They might have made a few tweaks, but the overall idea remained the same and so the direction did not change. This has resulted into the strong and business-friendly UAE that we see today.
Sharjah Economic Development Department issued 1,464 licences, up 18% from 1,240 in the same quarter last year. The number of license renewals also rose to 14,425 in the first quarter of 2019, compared to 13,514 in the same period last year. This is indicative of the interest that investors are taking in setting up businesses in the UAE and the trust that the authorities have been able to develop.
Setting up business in Sharjah
In Sharjah, companies are classified as:
Companies in Sharjah are classified as:
- Limited liabilities company (LLC)
- Partnership company
- Local services agent or business partnership
- GCC company branch registration
- Public-private shareholding company registration
- Foreign company branch registration
- Local company branch registration
Each type of company provides different status of ownership.
The documents required for different types of businesses are the same with only minor changes in them.
- A valid copy of passport
- National ID (in case of UAE national)
- A no objection certificate, a copy of passport and a copy of visa or residence is required in case of foreign national
- License form that is duly filled
- Branding certificate
- Official approvals, if any
- Approval by the Ministry of Economy
- Authenticated copy of the company’s Memorandum of Association
- A copy of the feasibility study on the business venture
- Partnership contract (duly attested by a notary)
- Copy of lease
- Legal affairs approval
- Certificate of property (if available)
Every commercial license is valid for a period of 12 months, following which it has to be renewed annually.
What we provide
As a UAE based consultancy, Company Registration UAE provides free consultations for investors who are looking to set up their own business in Dubai.
The consultancy works closely with the departments that are associated with setting up a new business in Dubai. Business consultants Dubai at the firm provide help to investors at every step for each of business registration. Whether it is business setup in Dubai, the firm helps with everything that is relevant. From product registration, to visa services and trademark registration, you will get all business related services at this firm.
Experts at the firm will identify the zones that are the best for you to establish a business setup in Dubai, depending on what your offerings are. The business consultants Dubai know everything about the type of company that you want to setup and the rules and regulations that are applied to it so they can offer you the best advice possible.
Our services are first-class and we keep our clients happy. Call us now or drop us an email to be one of the happy ones.