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SRTIP is an institute located in Sharjah that focuses on research, technology, and innovation as its name suggests. It helps the academic professionals and entrepreneurs to build a stronger knowledge-based economy. It promotes research, technology, and innovation in specialized fields including healthcare, engineering, environment, energy, and technology. With developed laboratories, research and development facilities, other training programs, access to the innovation lounge at SRTI Park, and many other funding opportunities, it is the best choice for innovative and technology-minded entrepreneurs.
Are you interested in starting your business setup in the SRTIP Free Zone? If yes, then Emirates Business Setup is here to do the whole process for you!
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Free Zone company offers numerous advantages, the most prominent ones offered by SRTIP are listed below.
Sharjah Research Technology and Innovation Park Free Zone is a helping hand to so many startups specialized in R&D and technology field. It offers 100% ownership, tax-free incentives, a wide range of business activities, and an easier residency visa process. To obtain a trade license in this Sharjah free zone, you need to register it with the SRTIP free zone authority. The normal registration time frame is between 7 to 10 working days.
SRTIP offers different types of licenses with different packages, the license type offered by this free zone is:
The documents required for setting your company in SRTIP free zone are:
Make sure to choose the right business activity that you will conduct in your company.
After choosing your business activity, you need to register a unique trade name. Submit it to the SRTIP free zone authority and get it approved and registered.
Submit all your required documents including business plan/ CV and application to the SRTIP Free Zone Authority.
The next step is to get all the approvals from the relevant authority.
Pay the fees required for your license and obtain the license.
After obtaining the license, you can apply for a residency visa in the UAE.
After getting your license, you are eligible to get an official bank account and can open it in any bank in the UAE.
SRTIPS offers numerous advantages when it comes to company formation. There are some legal requirements that you need to consider.
SRTIP Free Zone license may offer limited business activities. The business activities offered in this free zone are related to research & development, innovation, and technology.
SRTIP Free Zone Authority offers favorable conditions with six residency visas per license. So, if you want to hire more employees, you might need to expand your office space.
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