Benefits Of Setting Up A Company In Sharjah

Advantages of Setting up a Business in Sharjah

Sharjah is the third most populous emirate of the UAE and has a deep cultural presence. Though this emirate is considered as the cultural capital of UAE, it is also a modern emirate.

The economy of Sharjah is gradually getting better as the emirate is attracting foreign investment from all over the world. Viewing the increase in the businesses entering the state, the government of the emirate has taken specific steps and provide several advantages to any investor or entrepreneur coming to Sharjah.

The advantages are as follows:

No Restriction of Currency

There is no type of restriction of currency in the emirate of Sharjah. 

No Mandatory Audit

An organisation set up in Sharjah Mainland does not require to have audited every year. As there is no mandatory requirement of an audit, the time and resources of a company can be put to good use.

Easy Renting of Office

A business set up in Sharjah can rent an office anywhere in the mainland of Dubai. A business should establish its offices at locations which it feels will be beneficial for the company in accessing raw materials, resources and various markets. 

No Limit on Activities

The Business owners in this emirate have the freedom to select the business activity.

Capital Requirement

There is virtually no capital requirement of any kind. This is a very cost-effective way and attracts investors from all over the world.  

Unlimited Visas

With the increase in size of the company you'll need more people so, the benefit of having many visas will allow the company to have access to human resources from all over the world.

Access to Local Markets

The market is located on the mainland of Sharjah. Access to many markets will allow the companies to cater to the various market segments, thus increasing their profitability.

Minimal Taxes

A company in Sharjah need not pay the taxes such as income tax or corporate tax. The only tax needed to be paid Value Added Tax or VAT.

Free Warehousing Facilities

There are places in Sharjah which provide its facilities to the investors, and any investor can store goods in the warehouse for up to two months for free.

Repatriation

A foreigner can owns the 100% of the company which has been set up in the emirate. The foreign investor can also send back all the profits and incomes received back to his home country.

Labour

As Sharjah does come into the focus of the people, untapped and skilled labour is abundant in the emirate. In addition to the cheap availability of labour, there are no hidden charges levied upon the company when it is trying to establish itself in the emirate.