How to Get Your Sharjah Business Setup and Running Quickly?
Setting up a business in the UAE has always been a strategic move for entrepreneurs. Among the emirates, Sharjah has emerged as a prime location for business setup thanks to its diverse economy, cost-effective options, and proximity to major markets. If you're looking to establish a business in this dynamic emirate, speed is of great importance. Here, we outline the steps and key considerations for getting your Sharjah business setup and running quickly.
Why Choose Sharjah for Your Business Setup?
Sharjah is popular for its vibrant economy and investment-friendly environment. It’s a gateway to lucrative markets in the GCC, Africa, and Asia. The emirate offers wide range of business setup options, including free zones and Sharjah mainland company setups, allowing businesses to select the right model based on their needs. Here’s why many entrepreneurs and companies are choosing business setup in Sharjah:
Affordability: Compared to other emirates like Dubai and Abu Dhabi, Sharjah provides lower setup and operational costs, making it perfect for startups and SMEs.
Strategic Location: Sharjah's location next to Dubai gives businesses excellent access to the region's trade and logistics networks.
Diverse Business Opportunities: Sharjah's economy is diversified across sectors like manufacturing, trade, logistics, education, and healthcare.
Ease of Setup: With simplified procedures and a supportive government, setting up a business in Sharjah can be a hassle free process with the right guidance.
A Guide to Quickly Set Up Your Business in Sharjah
Setting up a business in Sharjah can be an efficient process if you follow the right steps. Here’s a detailed guide to help you through the process:
Select the Business StructureThe first step in your Sharjah business setup journey is finding the appropriate business structure. Sharjah offers a range of options, such as mainland companies, free zone companies, and offshore entities. Each has its own benefits:
Mainland Company: A Sharjah mainland company setup allows you to trade directly within the UAE market and secure contracts with government entities. It also provides more flexibility in the types of business activities you can conduct.
Free Zone Company: It is perfect for companies focusing on exports or providing services internationally. Sharjah has multiple free zones, like the Sharjah Airport International Free Zone (SAIF Zone) and Hamriyah Free Zone, which offer 100% foreign ownership and other benefits.
Offshore Company: Offshore entities are suitable for businesses looking for tax benefits and wanting to conduct global operations without a physical presence in the UAE.
For those looking to operate directly within the local market, a Sharjah mainland company setup is the best option.
Choose the Right Business ActivitySelecting the right business activity is vital as it determines the type of license you need. Sharjah allows a range of activities, from trading and manufacturing to consulting and e-commerce. Ensure your chosen business activity aligns with your company's objectives and is supported by the Sharjah Economic Development Department (SEDD).
Consulting with a business setup firm can help ensure that you select the correct activity and avoid delays during the process of registration.
Find a Suitable LocationChoosing the right location is a main factor for business success. If you opt for a mainland company setup, you can build your office or shop anywhere within Sharjah's jurisdiction.
For businesses that need a physical storefront or proximity to clients, a mainland setup in Sharjah offers access to prime commercial areas. If you're planning for a quicker and more cost-effective option, setting up in one of Sharjah's free zones can also be considered.
Register Your Trade NameOnce you’ve chosen your business structure and activity, the next step is to register a trade name with the SEDD. A unique and suitable trade name helps establish your brand identity and should comply with the SEDD's naming guidelines. A few points to keep in mind when selecting a trade name include:
Avoid using offensive or blasphemous language
Make sure that the trade name reflects the nature of your business
Check for availability and uniqueness to avoid issues with existing businesses
Trade name registration can be done online through the SEDD portal, which helps fasten up the business setup process in Sharjah.
Acquire the Necessary LicensesFor a Sharjah mainland company setup, acquiring a business license is a major step. The type of license you need depends on your business activity. Common licenses include:
Commercial License: For trading activities
Industrial License: For manufacturing or industrial operations
Professional License: For service-based businesses like consultancy or IT services
You will need to submit the necessary documents, including your trade name certificate, a copy of your passport, and your business plan, to the SEDD for license approval. Partnering with a business setup consulting firm can streamline this process.
Secure Office Space
A physical office space is mandatory for a mainland business setup in Sharjah. You’ll need to lease a commercial space that meets the requirements set by the SEDD. If you are planning to save time, working with a business setup firm can help you find an office space quickly.
For those opting for a free zone setup, many free zones offer well equipped office spaces or flexi-desks, allowing you to start business operations almost immediately.
Apply for Visas and Bank AccountAfter acquiring your trade license, you will need to apply for residence visas for yourself and any employees. The number of visas you can apply for depends on your office space and the nature of your business.
Also, opening a corporate bank account is crucial for managing your business finances. Sharjah has many local and international banks that offer various services for businesses. Having your documentation, that include your trade license and shareholder information, can expedite the bank account opening process.
MarketingThe next step is to focus on marketing your business. A strong online presence is necessary in today’s digital era. Consider creating a professional website, setting up social media accounts, and using digital marketing strategies like SEO and content marketing to attract potential customers.
Partnering with professional marketing agencies can help you gain insights into the Sharjah market and effectively reach your target audience.
Tips for a Smooth Business Setup in Sharjah
Consult with a professional Business Setup Firm: Working with a professional business setup firm can save time, avoid costly mistakes, and ensure that your setup process is hassle free.
Stay Updated: Laws can change, so keeping updated with the latest requirements from the SEDD will help avoid unexpected delays.
Know Visa Regulations: Knowing the visa regulations can streamline the hiring process and ensure compliance with UAE labor laws.
Why Speed Matters in Sharjah Business Setup?
In a competitive market like the UAE, getting your business setup in Sharjah up and running quickly can give you an advantage. By following the steps outlined here and working with experienced professional agencies like Bizvise, you can efficiently navigate the setup process and focus on growing your business.
Whether you choose a mainland company setup or opt for a free zone, Sharjah offers a gamut of opportunities for new businesses. With the right strategy and support, you can embark on your journey and can reach new heights.