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The UAE’s Sharjah mainland has become one of the most popular business locations because of its inviting environment for investors. It is one of the safest cities with a wealth of economic resources. Also, located in a prime location that connects key commercial zones.
The availability of infrastructure amenities such as offices, warehouses, and shops at incredibly low prices, as well as Sharjah’s highly skilled and experienced workforce, are the main incentives for setting up a business on the mainland.
Companies operating on Sharjah’s mainland are required to abide by laws such as the Economic Substance Regulations (ESR), the Ultimate Beneficial Ownership (UBO), and the Anti-Money Laundering and Combating Financing of Terrorism Act (AML-CFT).
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Setting up a new business on the mainland in Sharjah offers numerous advantages. Some of the prominent benefits offered by the mainland in Sharjah are:
The cost of obtaining a Sharjah Mainland license starts from AED 13,000. It can vary depending on different factors, including the business activities type, the company size, and other specific requirements set by the government. Additionally, there are associated costs for services like registration, office space, and sponsorships.
A mainland company in Sharjah, UAE, refers to a business entity registered and licensed by the Government of Sharjah Economic Development Department.
Sharjah mainland companies can conduct business activities across the UAE and internationally without any specific restrictions.
The Limited Liability Company (LLC), the Joint Stock Company (JSC), the branch office of a Free Zone Company (FZC), the branch office of a Foreign Company, and representative offices are the business entities established in the Sharjah mainland.
The procedures for mainland company formation in Sharjah differ depending on the type of business activities.
Types of mainland business licenses offered in Sharjah are:
The procedure of business setup in Sharjah differs depending on the type of business. The steps that we need to follow for the Sharjah mainland company setup are:
Decide what kind of business you want to do in Sharjah. The business activity you choose, will help you figure out the right license you'll need for it.
Foreign investors in Sharjah need local sponsors to set up business on the mainland.
Get the initial security approval from the Government and submit the local sponsor information as well.
Give at least three different trade name options for your company. Make sure one out of the given trade names gets approved.
The next step is to obtain the MoA and signed lease agreement from the public notary.
Get the required office space in your desired mainland area of Sharjah.
After you complete all of your legal documentation and pay the required fees, a trade license in a week will be released.
Some business licenses require additional approvals from authorities and ministries. Manufacturing industries require approvals from the Ministry of Finance and Industry, and there are many other examples. The procedures get more complicated when you are engaged in the oil and gas production industries.
Some of the trade business activities require financial guarantees from the operating bank in the United Arab Emirates. Trading jewelry is one of the examples of it.
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