Sharjah is one of the seven emirates in the UAE that offers a favourable environment for startups and businesses to set up and operate efficiently. It presents two major options for company setup: Mainland and Free zones. Of the two, the Mainland company setup is mostly preferred by foreign entrepreneurs as it offers tax benefits, 100% foreign ownership, access to major markets like Dubai and Ajman, supportive government policies, etc.
Sharjah mainland companies are entities registered under the Department of Economic Development (DED) and governed by the UAE Commercial Companies Law. These companies are free to operate locally and internationally. Unlike free zones, mainland companies can work in non-free zones without limitations.
Sharjah has invested significantly in infrastructure development to help its economy grow in several ways. It has also actively promoted innovation and entrepreneurship through initiatives like the Sharjah Entrepreneurship Center(Sheraa) and various incubators and accelerators. Moreover, initiatives like the Sharjah Research, Technology, and Innovation Park (SRTI Park) aim to attract research institutions, technology companies, and startups to the emirate.
What are the Benefits of Setting Up a Business in Sharjah Mainland?
- No currency restrictions on capital and profits.
- No currency restrictions on capital and profits.
- Ability to bid for government contracts and projects.
- Access to the entire UAE market without any geographic restrictions.
- Opportunity to establish a physical presence in a rapidly growing economy.
What is the suitable legal structure for Sharjah Mainland?
When deciding on an appropriate legal structure for your setup, it is important to consider factors such as liability, ownership, and the nature of business operations.
Limited Liability Company: LLC is the most common form of mainland company, offering limited liability protection and flexibility in business operations. It requires at least 2 or a maximum of 50 shareholders, who can be individuals or corporate personnel.
Sole Proprietorship: This is an idol for entrepreneurs or small businesses with a single owner. These forms of companies are non-registered, and the individual is entitled to its entire profit but is also responsible for its loss.
Partnership: Partnerships can be of two types: General and Limited. A General Partnership involves two or more partners having equal shares of the company. A limited partnership consists of at least one general partner with unlimited liability and other partners with limited liability based on their capital contribution to the company.
If you have any doubts, contact us for the most appropriate solutions for business setup in Sharjah.
Documents Required For Company Setup in Sharjah Mainland
- Articles of Association (AOA)
- Office Space Lease Agreement
- No Obligation Certificate (NOC)
- Memorandum of Association (MOA)
- Trade Name and Reservation Certificate
- Copies of Visa, Passport, and Emirates ID of Shareholders
- Sharjah Economic Development Department (SEDD) Application Form
It is important to note that the requirements for company setup in Sharjah may change over time. You can contact AIMS UAE, as our team ensures the business setup process is smooth and hassle-free.
Setup Your Business in Sharjah Mainland With AIMS UAE
While the implications of the company set up in Sharjah mainland are immaculate, there is a lot of legwork regarding administrative work and documentation. In this case, AIMS UAE, the most trustworthy helping hand in the UAE, strives to help establish a company in Sharjah Mainland.
From managing the entire paperwork to staying updated on regulations, AIMS ensures you don’t miss any factors that could affect establishing your business in Sharjah Mainland. We guide entrepreneurs and investors through every step of the process, ensuring compliance with local laws and regulations while maximising efficiency and minimising unnecessary roadblocks.
Contact us now for a smooth business setup process. We’re more than happy to assist you!
Frequently Asked Question
The one looking to set up a company in Sharjah Mainland can apply online to start a business in the UAE. Before that, you have to -
- Select the type of business
- Find a local sponsor
- Get the MOA and the company’s lease agreement
- Provide all the necessary documents
- Pay the licence fee
- Apply for an establishment card
- Obtain approval from the name board
- Get approval for hiring labour
- Get your visa done from the immigration department
- Submit the necessary forms to DED (Department of Economy)
The main difference is that free zone companies cannot operate in non-free zones without a local agent. In contrast, mainland companies can operate anywhere in the UAE without limitations. Contact AIMS UAE to understand which region is best for your business.
