Establishing a company in the Sharjah International Airport Free Zone represents a distinguished investment opportunity, as the emirate provides a suitable business environment that supports innovation and economic growth. This region enjoys flexible investment policies, attractive tax exemptions, and advanced infrastructure that includes world-class facilities that support all aspects of business, including logistics, financial facilities, and advanced technology. In this article, we’ll explore the reasons for the choice to establish a company in the Sharjah International Airport Free Zone , and shed light on the available opportunities and potential challenges, in addition to the necessary procedures for starting a business and successfully investing in this distinguished economic environment.
Establishing a company in the Sharjah International Airport Free Zone
Establishing a company in the Sharjah International Airport Free Zone
To establish a company in the Sharjah International Airport Free Zone , a number of basic steps, legal and administrative procedures must be followed. Here are general steps you can follow:
- You can choose the appropriate company type, such as a limited liability company, a one-person company, or a joint-stock company, based on your expectations and business needs.
- Determine the company’s activity that you intend to practice, and ensure that it is compatible with local laws and legislation.
- Submit an application to register the company name in the local company registry, and ensure that the name is available and is in line with the regulations of the free zone.
- Identify the people who will be shareholders or directors in the company, and ensure that they meet the requirements of local laws.
- Submit an application to obtain a business license from the free zone authorities, as licenses vary according to the type of activity and the type of company.
- It arranges the necessary residencies and visas for foreign managers and employees if necessary, and the free zone can provide support services in this regard.
- Registration with the relevant bodies to ensure the provision of social and health insurance for employees in accordance with local laws.
- Opening a bank account in the name of the company to manage financial and commercial operations effectively.
- Registration with tax authorities and compliance with local and international tax laws if necessary.
- After completing all previous procedures and obtaining the necessary approvals, business can begin according to the specified plans.
Sharjah International Airport Free Zone provides comprehensive support for establishment operations through its advanced logistical and administrative services, making it an ideal destination for companies seeking to benefit from an advanced business environment and distinct investment opportunities in the United Arab Emirates.
Conditions for establishing a company in the free zone
Establishing a company in a free zone such as the Sharjah International Airport Free Zone requires compliance with a number of basic conditions and requirements, which may vary somewhat depending on the type of company and the chosen economic activity. Here are some general conditions that are usually included in the process of establishing companies in free zones:
- Type of company: The type of company you intend to establish, such as a limited liability company, sole proprietorship, public or private joint-stock company, must be determined according to business expectations and financing needs.
- Permitted activities: You must ensure that the company’s chosen activity is permitted within the approved activities in the free zone, and that it is in line with local laws and regulations.
- Core capital: There may be requirements regarding the core capital required to establish a company, which can vary based on the type of company and economic activity.
- Shareholders and Directors: The shareholders and directors who will manage the company must be identified, must be qualified and meet the requirements of local laws.
- Business License: The necessary business license must be obtained from the free zone authorities, which varies based on the type of activity and free zone conditions.
- Visas and Residences: Necessary visas and residency must be arranged for foreign managers and employees if necessary, and the Free Zone can provide support in this regard.
- Bank account: A bank account must be opened in the company’s name to manage financial and commercial operations.
- Social and health insurance: You must register with the relevant bodies to provide social and health insurance for employees in accordance with local laws.
- Tax Compliance: You must register with tax authorities and comply with local and international tax laws.
- Compliance with local laws and regulations: You must comply with all local laws and regulations related to business in the free zone, and adhere to annual reports and other administrative requirements.
Entrepreneurs must familiarize themselves with the terms and requirements of the specific free zone in which they intend to establish their company, and cooperate with Itqan Company’s specialist incorporation consultants to ensure full and smooth compliance with all procedures.
Types of companies in the free zone
Below is a table reviewing the common types of companies in free zones:
| Type of Company | a description |
|---|---|
| Limited Joint Stock Company (LLC) | A company consisting of partners who have limited liability for the debts and financial obligations of the company. |
| Sole Proprietorship | A company is owned and managed by one person, who is solely responsible for the debts and financial obligations of the company. |
| Limited Liability Company (LLC) | A company consisting of partners who have limited liability for the debts and financial obligations of the company. It contains contributions and a share in the capital. |
| Single Person Limited Liability Company (SLLC) | An LLC is owned by only one person, and liability for the debts and financial obligations of the company is limited. |
| Sole Establishment | A company owned and managed by one person, and the sole owner is responsible for the debts and financial obligations of the company. |
| Public Joint Stock Company | A company consisting of partners who have limited liability for the debts and financial obligations of the company, and the company’s stock can be sold to the public. |
| Private Joint Stock Company | A company consisting of partners who have limited liability for the debts and financial obligations of the company, but the sale of company shares is restricted to limited persons. |
| Real Estate Investment Company | A company specializing in investing in real estate and developing real estate projects. |
| Financial Services Company | A company that provides various financial services such as banking, insurance, investment, asset management, and others. |
| Manufacturing Company | A company that carries out manufacturing and production operations for various goods and products. |
Advantages of establishing a company in the free zone
Establishing a company in the Sharjah International Airport Free Zone provides many advantages and benefits for companies. Here are some of these features:
Access to the Middle East and North Africa market
Sharjah International Airport Free Zone is located in a strategic location, providing easy access to the Middle East and North Africa market. Companies can exploit this site to expand their operations and engage with customers and partners in those markets.
Low taxes
Sharjah International Airport Free Zone provides a favorable tax environment for businesses. A free zone imposes reduced or no taxes on profits generated within the zone, thus allowing companies to achieve significant tax cost savings.
Simple and quick procedures
Establishing companies in the Sharjah International Airport Free Zone is characterized by simple and quick procedures. The Free Zone Administrative Center provides integrated services to companies, including providing logistical, administrative and financial support, which facilitates the process of establishing and operating companies. The Sharjah International Airport Free Zone also provides modern and advanced infrastructure, including offices, warehouses, industrial and logistics areas. This excellent infrastructure provides an ideal business environment for businesses to grow and flourish.
Banking and financial facilities
Sharjah International Airport Free Zone is a major financial centre, providing diverse and advanced banking and financial services. Businesses can benefit from multiple banking services that include multi-currency bank accounts, financing and investment. The Sharjah International Airport Free Zone also allows full ownership of foreign companies, without the need for a local partner, welcome! It seems I incorrectly assumed that you were asking about a free zone in Dubai instead of Sharjah. I apologize for the confusion.
In conclusion, we learned about how to establish a company in a free zone. Sharjah International Airport offers many benefits and advantages that contribute to enhancing economic growth and commercial success. Thanks to its advanced infrastructure, strategic location, and flexible investment policies, this free zone provides a favorable environment for attracting investments and establishing businesses in various sectors. By following the steps and conditions necessary to establish a company, business owners can benefit from the available resources and continuous support from the concerned authorities to achieve excellence in the local and international market. Therefore, investing in this region not only enhances opportunities for growth and innovation, but also contributes to building a strong and diversified economy.
Frequently asked questions about establishing a company in the free zone
What types of companies can be established in the Sharjah International Airport Free Zone?
Multiple types of companies can be established, such as a limited liability company (LLC), a branch of a foreign company, a sole proprietorship, or a private joint stock company.
What economic activities are allowed in the free zone?
Permissible economic activities include trade, manufacturing, logistics, information technology, consulting, financial services, and many others. The list of permitted activities must be reviewed with the free zone authorities.
What are the financial requirements for establishing a company in the free zone?
Financial requirements vary based on the type of company and activity. It usually includes the minimum required capital, which can range based on the type of activity and company.
What are the procedures necessary to obtain a business license?
Procedures include submitting a business license application, submitting required documents such as copies of passports, business plans, details of shareholders and directors, and registration in commercial registries.
