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Sole Establishment Company Formation In Sharjah
Mainland Company Formation In Sharjah
Advantages of Mainland Company Formation – Mainland company formation in Sharjah offers numerous advantages, making it an attractive option for businesses looking to establish a presence in the UAE. One of the key benefits is the ability to trade freely within the local UAE market as well as internationally, without any restrictions. Mainland companies can bid for government projects and are eligible for a range of business activities, unlike free zone companies that are limited to specific sectors. Additionally, mainland companies can have a physical office space anywhere in the UAE, providing greater flexibility in choosing a strategic location. They also benefit from 100% foreign ownership in certain sectors, especially following recent regulatory changes. Moreover, mainland companies offer a straightforward visa process for employees and their families, facilitating easier relocation and expansion. Overall, mainland company formation provides a robust framework for business growth and opportunities in a thriving economic environment like Sharjah.
Sole Proprietorship Company Setup in Sharjah
Advantages of Sole Establishment Company Formation in Sharjah – A Sole Establishment Company in Sharjah offers several advantages for entrepreneurs and investors. Firstly, it provides full ownership and control, allowing the owner to make independent decisions and retain all profits. This structure is particularly attractive to expatriates who wants to hire more employees thus their documents are not used, as it does require a local sponsor, which is mandatory in some other business forms. Additionally, setting up a Sole Establishment is relatively straightforward and cost-effective, with fewer regulatory requirements compared to other business entities. It also allows for a wide range of business activities, including professional, commercial, and industrial services. Furthermore, Sharjah’s strategic location, modern infrastructure, and favourable tax environment enhance the potential for business growth and access to regional and international markets.
Process to Open A Sole Establishment Company in Sharjah (Sharjah Mainland Setup Process)
Step 01
Setup Consultation
Begin your company formation journey with a free consultation. This step helps in selecting the most suitable location and business activity for your Sole Establishment. Please note only Professional Activities can be setup in Sole Establishment and not commercial one.
Step 02
Security Approval
We confirm if you have previously entered the UAE to create a profile in the Department of Economic Development (DED). This Security Approval requires an active mobile number and email ID and allows you to complete the licensing process without being physically present in the UAE.
Step 03
Initial Approval
After Security Approval and selection of your desired business activity, we proceed with obtaining initial approval from the Sharjah Economic Department (DED).
Step 04
Trade Name Reservation
Provide us with three preferred business names to check for availability. Once a name is available, we reserve it for your business license. As per DED regulations, the activity type must be mentioned after the chosen business name.
Step 05
LSA Drafting and Signing
In company formation, a LSA Drafting and Signing outlines the roles, responsibilities, and agent fee among Expat and Local Emirati, legally binding them to their commitments and business operations.
Step 06
Office Tenancy
If you have your own office space, provide us with the Office Tenancy certificate to link with your license application. Alternatively, we can source a virtual Office Tenancy for you.
Step 07
Final Payment Voucher
Upon successful submission of all documents, we will receive a payment voucher. Once payment is made, the business license will be issued, subject to DED approvals.
Step 08
Immigration. Echannel and Visa Processing
Post-license issuance, we will register your company with immigration and initiate the visa application process for the investor/partner.
Step 09
Bank Account Opening
With your business license and Emirates ID, we can assist you with the digital bank account opening process, which you can complete at your convenience.
Documents Required to Start the Process
For Individual, the following additional documents are required
- Trade Names
- Provide 3 preferred trade names (in order of preference).
- Manager's Documents
- Passport copy, visa copy, and Emirates ID of the manager(s)
- Mobile number and email address
- Shareholder's Documents
- Passport copy, visa copy, and Emirates ID of the manager(s)
- Mobile number and email address
- Office Tenancy
- Office lease agreement (if not opting for a virtual office)
- Photograph
- Passport holding photograph
- Additional Documents
- Any other documents as requested by the authorities.
For Corporate Shareholders, the following additional documents are required
- Board Resolution
- Notarized by the issuing authority, and attested by the UAE embassy and Ministry of Foreign Affairs (MOFA) in the UAE.
- Corporate Documents
- Trade license, certificate of incorporation
- Certificate of incumbency
- MOA/AOA for the parent company, all attested by the UAE embassy and MOFA in the UAE.
Trade Names
Provide 3 preferred trade names (in order of preference)
Manager's Documents
Shareholder's Documents
Ejari
Office lease agreement (if not opting for a virtual office)
Photograph
Passport holding photograph
Additional Documents
Any other documents as requested by the authorities
Activities That Don’t Need Approval
Project Management Services License in Sharjah
Restaurant license in Sharjah
Management Consultancies License in Sharjah
Web Development and Design
Facilities Management Services
Design service license in Sharjah
Events Organizing & Managing License in Sharjah
Marketing Management License in Sharjah
ACTIVITIES that need additional charges/special approval to form a Sole Establishment company in Sharjah
Aviation Consultancy License in Sharjah
Travel Agency License in Sharjah
Real Estate Brokerage License in Sharjah
Vacation Homes Rental License in Sharjah
Billboard Contracting License in Sharjah
Movie or Music Production License in Sharjah
Sports Training License in Sharjah
Gents or Ladies Salon License in Sharjah
Professional & Management Development Training License in Sharjah
Garage License Setup in Sharjah
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