SRTIPS Company Formation

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SRTIPS Company Formation

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SRTIPS Company Formation

Sharjah has emerged as a significant industrial hub in the UAE, attracting considerable attention due to its strategic importance. In 2016, the region saw the establishment of the Sharjah Research, Technology, and Innovation Park (SRTIP) Free Zone, which has since become a magnet for foreign investors worldwide. Renowned for its cutting-edge expo systems, the SRTIP Free Zone has been a fertile ground for research and development since its inception.

The free zone’s strategic location is crucial in meeting clients’ needs, providing investors with access to world-class facilities and business licenses. Additionally, SRTIP Free Zone is an excellent choice for those seeking an affordable business setup. It offers a conducive environment to foster creativity, supported by top-notch infrastructure and advanced technology services. This innovative ecosystem not only enhances business growth but also boosts Sharjah’s global standing.

Advantages Of SRTIPS Company Formation

Innovative Ecosystem: SRTIP offers a learning-focused environment that enhances infrastructure and efficient services, driving your success.
More Employment Opportunities: The free zone creates ample employment opportunities, contributing to positive socio-economic development.
Future Investment: Investing in SRTIP provides a promising future investment. The continually growing public sectors foster socio-economic development and ensure a stable revenue system.

Process

01

Choose Business Activity

Identify the business activities you will conduct.

02

Select Company Structure

Decide on a Free Zone Company (FZC), Free Zone Establishment (FZE), or branch.

03

Register Company Name

Choose and register your company name with STRIPS.

04

Prepare Documents

Gather necessary documents, including passport copies, a business plan, and proof of address.

05

Submit Application

Complete and submit your application and documents to STRIPS.

06

Lease Office Space

Secure office space within STRIPS Free Zone.

07

Obtain Business License

Receive your business license after approval.

08

Open Bank Account

Open a corporate bank account in the UAE.

09

Apply for Visas

Obtain residence and work visas for yourself and employees.

DOCUMENTS

3 -Optional Trade names of the company (on the basis of your preference)

Passports copy of Shareholder(s)

Visa page copy/entry page copy of shareholder(s)

Visa page copy / Entry page copy of Manager

List Of Activities

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Visa Packages

License Fees

AED

5,500

0 VISA PACKAGE

Immigration

Partner Visa

Employment

License Fees

AED

11,070

1 VISA PACKAGE

Immigration

2,920 AED

Partner Visa

3,580 AED

Employment

4,040 AED

License Fees

AED

15,075

2 VISA PACKAGE

Immigration

2,920 AED

Partner Visa

3,580 AED

Employment

4,040 AED

MULTIPLE YEARS LICENSE PACKAGES

License Fee	Zero Visa
Three Years	13,200 AED

License Amendment Fees

Sr.No.	Description	Fees
1.	Amendment of activity	2200 AED
2.	Amendment of shareholder	2200 AED
3.	Amendment of manager	2200 AED
4.	Amendment of Visa package	2200 AED
5.	Amendment of MOA	2200 AED
6.	Amendment of Share Capital	2200 AED

Terms And Conditions Of Freezone

Mandatory Health Insurance cost to be paid separately to Insurance company.
50 shareholders included per license package with no general restrictions imposed, maximum number of shareholders is subject to the approval of the Authority.
Late license and Establishment card renewal fine applicable after initial 30-day grace period and AED 1,000 per month for every month thereafter.
No requirements for physical office space, annual audits, paid up share capital requirements.
In Media Package up to 5 Activities from the Media list only, e-commerce will be in Media.
Standard 5 Activities can be included from any category for example Trading & 4 other desired activities.

Testimonial

FAQ

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