Steps for Business Setup in Sharjah
Documents Required for Sharjah Business Setup
- NOC letter
- Certified copy of tenancy contract
- Visa and passport copies
- Proof of residence
- Approval from Legal Affairs and the Ministry of Economy
- Trade name certificate
Advantages of Establishing a Business in Sharjah
Sharjah offers several compelling advantages for business setup, including:
- No corporate or income tax imposition offers a significantly favorable tax environment.
- Complete tax exemption on import, export, and commercial levies, boosting trade activities.
- Cost-effective rental options, ideal for businesses at all scales.
- Secure investment environment, giving businesses the confidence to grow and thrive.
- Simplified process for opening a bank account in the UAE, facilitating financial operations.
- Availability of warehousing facilities for up to two months, conveniently accommodating inventory needs.
- Government incentives aimed specifically at investors, fostering a business-friendly ecosystem.
- Strategic geographical location, connecting East and West, and providing access to global markets.