In the era of innovation and rapid development, establishing a company in the Sharjah Free Zone is an important strategic step that opens new horizons for business and economic growth. This step does not come alone, but requires strong strategic partnerships, and among the companies that stand out in this field is Itqan Company.

Sharjah Free Zone is distinguished by its advanced infrastructure and suitable economic environment that attracts entrepreneurs from different parts of the world. The free zone provides a distinguished investment environment in addition to a range of tax and logistical privileges that make it a preferred destination for startups and large companies alike.

When it comes to establishing a company in Sharjah Free Zone , collaborating with Itqan represents a smart strategic move. Itqan has a proven track record in providing advisory services and comprehensive support to startups and large companies alike. Through its specialized and distinguished team, Itqan Company provides support in all aspects of business creation and development, from the planning stage to the operational stage, making it an ideal partner in the company building journey.

By relying on the experience of Itqan Company and taking advantage of the advantages of the Sharjah Free Zone, those wishing to establish can realize their dreams of establishing a successful and prosperous company in the heart of the Emirate of Sharjah. This ideal partnership between Sharjah Free Zone and Itqan Company is an influential path towards building successful projects and achieving the goals of growth and economic development.

 

Establishing a company in the Sharjah Free Zone

The UAE is considered one of the Gulf countries that seeks to grow its economy away from oil investments, by opening other areas for investment, and the rest of the Gulf countries follow suit, but before following the advice of Invest in Sharjah, or in the Gulf region in general, the investor must know how to establish a company. In the free zone, which are represented in the following points:

The most important steps for establishing a company in the Sharjah Free Zone are the following:

Determine the type of company activity. In this step, the investor must determine which area the investment will be in, and study this area as good in terms of goods or services that are not available in it, which the residents of this area also need, and determine how to market this good or service on the basis of studying the nature of this area. And the nature of its residents, and on the basis of this, the type of activity of the company is determined, whether it is commercial, industrial, or professional.

Among the facilities provided by the UAE to attract investors to it, is the provision of many investment activities in Sharjah, in order to facilitate the investor’s choice among them, through the Department of Economic Development in the free zone, in addition to choosing a suitable name for the company, provided that it contains The company’s activity, and it has an impact on the public when the company is marketed.

The UAE and the Gulf states also stipulated that the foreign investor must have a partner of Emirati nationality or any other Gulf nationality, depending on the country in which the investment is made. This can also be replaced by obtaining the services of an authorized agent’s office from the Gulf country in which the investment is made.

In addition to choosing a suitable place suitable for the company’s headquarters, equipping it with the necessary facilities, such as electricity, water, and modern means of communications, and achieving all security and safety standards for workers in this place. In this regard, the UAE and the Gulf countries in general are establishing commercial centers with offices equipped with The highest level is suitable for the headquarters of foreign companies, in a move by the Gulf countries to facilitate investment procedures in them.

With the submission of all papers and documents related to the company, in terms of the type of company activity and its ownership, to the competent authorities in order to obtain a commercial license to start investment, as well as obtaining the commercial license, and starting the procedures for creating a commercial register for the company.

Costs of establishing a company in the free zone

Establishing a company in the Sharjah Free Zone requires several costs, which you can find out through the experts of Itqan Company, which is one of the most reliable companies in the field of establishing companies in the Emirates in general, as these advantages are represented in the following points:

1. Registration and license fees: These fees include government fees for registering the company and obtaining the necessary licenses, and these fees vary according to the type of company and its location.
2. Costs of legal services: You may need to consult our experts to develop and grow your business and also to assist you in preparing legal documents and legal guidance, and this may entail additional costs.
3. Initial capital: The initial capital necessary to start business operations must be provided, and the size of this capital depends on the type of company and legal requirements.
4. Rental costs: If a company needs office or commercial space, there will be a cost for rent and possibly insurance.
5. Support services costs: These services include the costs of managing financial and administrative affairs such as accounts, taxes, and insurance.
6. Advertising and Marketing Costs: You may need to allocate a budget for advertising and marketing to attract customers and increase awareness of your brand.

Types of free zones in Dubai

There are several types of free zones in Dubai. These areas provide a favorable business environment and unique advantages for companies and investors. Here are some of the popular types of free zones in Dubai:

• Jebel Ali Technology Zone: Jebel Ali Technology Zone is one of the largest free zones in Dubai. The region hosts technological and industrial companies and provides advanced infrastructure and integrated services.
• Dubai Media City: It is a free zone designated for companies in the field of media and media production. Adequate infrastructure and facilities are provided to companies operating in the media and entertainment industry.
• Dubai International Financial Centre: The Dubai International Financial Center is one of the largest financial free zones in the world and hosts many international financial companies, banks and financial institutions.
• Dubai Logistics District: This district provides advanced infrastructure and integrated logistics services for companies in the transportation, logistics services and logistics chain management sector.
• Dubai Free City: It is considered a comprehensive free zone that includes many economic sectors such as industry, trade and services. The city provides advanced infrastructure and flexibility in establishing and operating companies.
  These are some examples of the types of free zones available in Dubai. Each region has a unique set of features and benefits available to companies and investors, and conditions and requirements may vary from one region to another. Therefore, it is recommended to contact our company in order to obtain all the distinguished information.

Documents required to establish a company in the free zone

Establishing a company in the Sharjah Free Zone requires certain procedures and submitting the necessary documents to the competent authorities. The basic papers that are usually required to establish companies in the Sharjah Free Zone include:

1. Company incorporation application form: This form contains detailed information about the type of company and its proposed activities.
2. A copy of the founders’ passport: Certified copies of the passports of all founders of the company must be submitted.
3. Photo of founders: Certified photocopies are usually required for all founders.
4. Lease contract or office license: A copy of the lease contract for the office that the company will be based in, or an office license if the company will be using an open office in the free zone, must be submitted.
5. Power of Attorney: If there is another person authorized to submit the incorporation application on behalf of the founders, a power of attorney document must be submitted.
6. Business plan or feasibility study: Some free zones may require the submission of a detailed business plan or feasibility study for the proposed company’s activity.
7. Educational and professional certificates: Managers or key partners may be asked to provide copies of their educational or professional certificates.
8. Bank certificates: The free zone may require the submission of bank certificates proving the financial ability to establish and operate the company.
   This is a basic list of documents that are usually required to establish a company in the Sharjah Free Zone, and the exact requirements can vary based on the type of company and its proposed activity. It is always best to check the current requirements of the relevant authorities before starting the company incorporation process.

 

Advantages of establishing a company in the Sharjah Free Zone

Establishing a company in the Sharjah Free Zone can provide many advantages to investors. Here are some of these features:

1. Flexible investment policies: The Freedom Zones in Sharjah provide a flexible investment environment with laws that encourage foreign investment, such as providing full ownership to foreign investors in some sectors.
2. Customs facilities: Sharjah free zones allow export and import without customs duties, which provides tangible cost savings and increases the company’s competitiveness.
3. Advanced Infrastructure: The Freedom Zones in Sharjah provide a modern and advanced infrastructure that includes advanced logistics and communications facilities, and banking and financial services.
4. Easy incorporation procedures: Al Hurriya Zones in Sharjah offers simplified and easy incorporation procedures, which helps speed up the process of establishing and operating a company.
5. Access to regional and international markets: The UAE is considered a major investment center and a base for expansion into regional and international markets, and thus establishing a company in the free zone enables easier access to these opportunities.
6. Integrated Logistics Services: Al Hurriya Zones in Sharjah provides integrated logistics services that include customs clearance, warehousing and distribution, which facilitates production and distribution operations and reduces costs.
   In short, establishing a company in the Sharjah Free Zone can provide an ideal business environment characterized by flexibility, integration, export orientation and economic growth.

At the conclusion of our article, establishing a company in the Sharjah Free Zone is an important strategic step for entrepreneurs and investors, especially when this is done in cooperation with Itqan Company, which has extensive experience in the field of establishing companies and providing advisory services in the Emirates. The Sharjah Free Zone is considered a major gateway for investment in the region, as it provides an advanced and encouraging business environment that encourages innovation and facilitates commercial procedures.

Through your cooperation with Itqan Company, you will be able to benefit from the expertise and specialized services provided by the company in all stages of establishing the company, starting from market analysis consultations and developing strategic plans, all the way to preparing the necessary legal documents and licenses, and providing support and assistance in the administrative and financial processes after establishment.

Certainly, establishing the company in the Sharjah Free Zone in cooperation with Itqan Company will be a successful step towards building a prosperous future for the company, and achieving success and sustainability in the growing business market in the Emirates and the region in general.

The most frequently asked questions about establishing a company in Sharjah