The cost of establishing a commercial license in Sharjah The Emirate of Sharjah is considered one of the main economic destinations in the United Arab Emirates, as it provides an encouraging environment for business and investment that attracts investors and businessmen from around the world. One of the basic steps that anyone wishing to start a business in Sharjah must take is obtaining a commercial license.
The cost of establishing a business license in Sharjah varies depending on several factors, including the type of business activity, the size of the established company, the necessary permits, government fees, administrative needs and legal legislation. Through this article, we will take an overview of the cost of establishing a business license in Sharjah and the factors influencing this cost.
This article aims to explain the concept of the cost of establishing a business license and how to determine it, as well as provide tips and advice on how to reduce costs and improve the overall process.
Defining the concept of the cost of establishing a commercial license in Sharjah
The cost of establishing a business license in Sharjah refers to the costs and expenses incurred by a person or company to obtain an official permit that allows them to conduct business in the Emirate of Sharjah. These costs include many factors that must be considered during the process of establishing or renewing a company, and vary depending on the type of business activity, the size of the company, the required permits and licenses, and other administrative and legal requirements.
- Company registration fees: First, these fees depend on the type and size of the company, and are paid to the competent authorities in Sharjah.
- Permits and licenses costs: Therefore, the company may need specific permits or licenses specific to its activity, which have additional costs.
- Legal and consulting expenses: If a lawyer or legal consultant is used to assist in the incorporation process, there will be a cost.
- Office rental costs: Then, if you do not have your own commercial office, you may need to rent an office for work, and this will add office rental costs to the budget.
- Advertising and marketing costs: Therefore, to enhance the company’s reputation and attract customers, some resources must be allocated to advertising and marketing.
- Administrative fees: This may include the cost of issuing documents, transaction fees, and other administrative fees that may apply during the incorporation process.
In the end, understanding the cost of establishing a commercial license in Sharjah helps in setting an accurate financial budget and managing expenses effectively to ensure the sustainability and success of the business in the long term.
Read also: Establishing a company in Dubai
The cost of establishing a business license in Sharjah
Factors determining the cost of establishing a commercial license in Sharjah
First and foremost, the cost of establishing a commercial license in Sharjah is considered a set of expenses and fees that the individual or company bears to obtain the official permit that allows them to practice commercial activities in the Emirate of Sharjah. The cost of the license depends on several factors, including the type of company, type of business activity, company size, required permits, government fees, and additional services needed to complete the procedures.
- Type of company: First and foremost is choosing the type of company, such as an individual company, a partnership company, or a limited joint stock company, as the costs of establishing each type of company differ.
- Company activity: Determining the cost of the license also depends on the type of commercial activity to be practiced, according to the classification of commercial activities specified by the relevant authorities in Sharjah.
- Company size: Then the cost also depends on the size of the company and the number of partners or shareholders, as there may be additional fees for companies of large size.
- Government fees and permits: Government fees also include company registration fees, work permit fees, and license issuance and renewal fees, and vary according to the type and size of the company.
In the end, Itqan Company plays a vital role in facilitating the process of establishing companies and reducing their costs, as it provides the necessary consultations and specialized administrative and legal services to ensure the company’s compliance with legislation and obtain licenses and permits as quickly as possible and at the lowest possible cost. It also helps in analyzing risks and determining appropriate strategies for the company’s success in the business environment in Sharjah.
Types of commercial licenses available and their cost in Sharjah
| Type of license | License description | Approximate license cost (AED) |
|---|---|---|
| Sole trading license | A permit for one person to conduct business individually. | Varies depending on business activity and requirements |
| Partnership trade license | A statement for a company consisting of partners who share profits and losses. | Varies depending on company size and partnership agreements |
| Joint stock company license | A statement for a company whose capital is divided into shares owned by shareholders who bear limited liability. | It varies according to the capital and size of the company |
| Foreign company branch license | Permit for a branch of a foreign company to conduct business in Sharjah. | It varies according to the size of the parent company and local activities |
| E-commerce license | Permission to conduct business online without the need for a commercial office. | It varies according to the type of activity and workload |
Please note that these costs are estimates and may change based on the specific factors of each company, its size and activity. Therefore, it is preferable to contact Itqan Company to obtain precise details about the cost and requirements.
Costs of government fees to obtain a business license in Sharjah
Government fee costs for obtaining a business license in Sharjah vary based on the type, size, and activity of the company, and may include many different fees that must be paid during the incorporation process. Here is an overview of some of the usual government fees in Sharjah:
- Company registration fees: First and foremost, these fees include the costs of registering the company name and establishing it as a legal entity. These fees may vary depending on the type of company such as sole proprietorship, limited liability company, or joint stock company.
- Work permit fees: Therefore, fees must be paid to obtain the necessary work permits to start working in Sharjah. These fees vary depending on the number of employees and the type of business.
- Issuance and renewal fees: Commercial license issuance and renewal fees must also be paid annually. This fee may change based on the size and type of company.
- Additional permit fees: Then if the company needs additional permits such as a restaurant permit, building permit, or health permit, there may be additional fees for these permits.
- Administrative transaction fees: These fees also include government transaction fees such as legal fees, electronic issuance fees, and additional service fees.
It is also always advisable to contact Itqan Company to obtain accurate information about the current costs of obtaining a commercial license.
How can we support you in establishing a commercial license in Sharjah?
Itqan Company can provide many services to support the process of establishing a commercial license in Sharjah. Here are some ways that Itqan can support you:
- Legal and administrative consultations: First, providing legal and administrative consultations to understand the legal and procedural requirements for establishing a commercial license in Sharjah.
- Help in determining the appropriate type of company: Moreover, providing advice in choosing the appropriate type of company according to your needs and business goals.
- Preparing documents and procedures: To assist in preparing all necessary documents and completing the administrative procedures required to obtain a commercial license.
- Guidance for additional permits: Then provide guidance and assistance in obtaining additional permits necessary to carry out certain activities such as work permits and building permits if necessary.
- Providing mediation services: We also provide mediation services with relevant authorities in Sharjah, such as the Department of Economic Development, the Municipality, and other government bodies to facilitate the process of obtaining the license.
- Administrative support and follow-up: We also provide administrative support and follow-up during the process of establishing the company until obtaining the commercial license.
- Guidance and advice on tax laws: To provide advice and guidance on local tax laws and help in understanding the company’s tax obligations.
Itqan Company can also be a strong strategic partner in the process of establishing a commercial license in Sharjah by providing these services, helping to facilitate procedures and ensuring compliance with local laws and regulations.
The cost of establishing a business license in Sharjah
Our experience in helping clients open and create a commercial license in Sharjah
Finally, at the end of the article, you can add an example as follows to include Itqan Company in the conclusion and mention its effective role:
Finally, we cannot ignore the role of support and consulting companies such as Itqan Company in the process of establishing a commercial license in Sharjah. Through its experience and specialization in local laws and government procedures, Itqan Company is considered a vital partner for those wishing to enter the world of business in this vibrant city.
Therefore, Itqan Company provides a comprehensive range of services and consultations that include needs analysis, document preparation, assistance in completing administrative and legal procedures, guidance for the necessary permits, and ongoing support during the business start-up journey.
Finally, and in summary, choosing Itqan Company represents a decisive step towards facilitating and accelerating the process of establishing a commercial license in Sharjah, which contributes to achieving success and sustainability for new commercial projects.
Frequently asked questions about the cost of establishing a commercial license in Sharjah
What is the cost of establishing a business license in Sharjah?
The cost of setting up a business license in Sharjah varies based on the type of business and the size of the company, and may include costs such as registration and licensing fees.
Are there annual fees or renewal procedures for the commercial license?
Yes, establishing a business license in Sharjah usually involves an annual renewal fee, along with administrative procedures related to updating information and licenses.
What are the basic steps to create a business license in Sharjah?
The basic steps for establishing a business license in Sharjah include determining the type of business activity, establishing a company or registering a business, obtaining the necessary licenses, and submitting the required documents to the competent authorities.
What are the documents required to create a business license in Sharjah?
The required documents vary depending on the type of business and the type of company, but usually include personal documents of the founders, ownership documents, employment contracts, and others.
