Establishing your company in Sharjah is not a difficult affair. You can take help of GCC Filings for company incorporation in UAE, VAT registration, return filing, taxation, auditing, accounting and other tasks that are crucial for your business in the UAE. Sharjah is one of the fast-growing commercial hubs of the UAE and you certainly consider setting up shop here, provided you meet all the rules and regulations.
How to Establish your Business in Sharjah
There are a few key steps that must be followed for setting up your company in Sharjah. These include the following:
- Get your trade name registered- Your trade name should have registration in Sharjah itself, with the Department of Economic Development. While choosing your business name, check for the list of specific names which already have registration. This will make sure that your preferred name is unique and different from other business names.
- Work out business activity and legalities- Finalizing the core activities for your business are very important since you will require the requisite license for operation. A legal form is what you also need to check out, i.e. it can be a company that is a sole proprietorship, LLC, Shareholding Company, Joint Stock Company and more types.
- Gather approval initially- The initial approval will come from DED (Department of Economic Development) in Sharjah. The support will be issued via a letter which enables you to go ahead with the company registration process in the Emirate. This step is compulsory throughout the whole process.
- Permits and Approvals- Post application for business registration and after getting the initial approval, you will have to get approval for a commercial lease from Commercial Protection section in Sharjah. Post this activity, if business activity necessitates special permits on your part, you should go ahead with the same.
Some other Steps to be Setup Company in Sharjah in 2020
Once you are done with the above mentioned steps, here are some more to follow:
- Get all necessary documents- You should always submit the necessary documents with your application. These include the following-
- Verification of trade name reservation
- Primary activity approval
- Personal details of business owner
- Manager and shareholder passport copy
- Lease agreement papers with full details
- Manager’s personal details
- Third party pre-approval for specific activities
- Attested Power of Attorneys for legal representatives
- Final Legal Procedures- Post obtaining the certificate of incorporation and your business license, you should sign the lease contract. Once you are done with this process, you have to submit the labor card application for employee hiring and then open a bank account for the business that you are undertaking.
Sharjah is a great place to set up your business and offers a highly conducive business environment as well. There are no corporate, export and import taxes along with other benefits for businesses too. Following the above mentioned steps will help you start a company in Sharjah without any hassles.