Since the economic boom in the UAE, Sharjah has become one of the most sought-after parts of this region. There are good reasons behind this wanting. For all the entrepreneurs trying to get their foot inside the door, business setup in Sharjah is the best option in the UAE. It offers investor-friendly policies along with ease of doing business. Not to mention its strategic location and economic and socio-diverse landscape makes it ideal for business startups.
Sharjah offers the best environment for all types of business to thrive and scale. In this article, we will discuss the main reasons to opt for Sharjah for your next business adventure.
1. Strategic Location & Worldwide Connectivity
The strategic location of Sharjah makes it an ideal state. It is situated between the economic hub Dubai and other northern Emirates. If you start a business here, you will have easy access to international markets through its seaports and airport. In addition, this region acts as a gateway for businesses engaged in trade and logistics.
This connectivity and neighboring with Dubai makes Sharjah a lucrative option to start a new business.
2. Cost-Effective Business Startup
When we compare it to Abu Dhabi and Dubai, Sharjah offers a great budget alternative for entrepreneurs to start a new venture. Forming a company in this part is relatively affordable. Business owners can get great benefits from the low renting options along with reduced operational costs.
This cost-effectiveness makes it ideal for startups and small business ventures who are looking to maximize their investment without breaking the bank.
3. Business-Friendly Policies of Sharjah
The government of Sharjah has implemented new pro-business policies for the ease of doing business. Not to mention the company registration process is extremely simplified. Entrepreneurs can establish their business in the quickest and easiest manners with minimal bureaucratic involvement.
This emirate also offers a variety of trade licensing options to cater to various businesses. That is why Sharjah is the ideal emirate for all sorts of businesses.
4. Successful Economic Business Free Zones
For all the entrepreneurs looking to establish companies in free zones, Sharjah is your go-to option. It has a thriving free zones ecosystem. In these zones, you will have a complete ownership of your business along with unlimited tax benefits. Lastly, these zones have world-class infrastructure and suitable conditions that can make any business thrive.
5. Diversity in Business Opportunities
Sharjah offers a diversified economic environment with a lot of key industries such as tourism, manufacturing, and education. That is why it is the best option for entrepreneurs of all sorts to browse from a wide range of business options. Additionally, you will have a lot of business opportunities to explore making this emirate region a prime location for both local and international investors.
6. Investor’s Safe Haven
The UAE has a strong legal framework that ensures a complete protection of the investor. That is why starting and managing a business in Sharjah is completely safe and secure. Prospects like these are the reason that the UAE has become the safe haven for all the investors from around the world.
If you own a business in this emirate, you can get benefits from the well-structured commercial law and transparent regulations. Lastly, they also offer strong intellectual property rights.
7. Tax Advantages in Sharjah
When you set up a business in Sharjah, it comes with significant tax benefits. Being an entrepreneur is not an easy job. You have to make cuts while keeping your business running. In Sharjah, you will not have to worry about income or corporate taxes. In addition, the government also offers a lot of financial incentives for businesses. You can also calculate your VAT online in advance to avoid any confusion.
8. Skilled Workforce
Sharjah is home to a skilled and diverse workforce from all around the world. They have a strong focus on education and skill development. That is why hiring a professional will not be an issue because you will have access to a variety of labor, including tech, healthcare, education, and manufacturing. As a result, you will have a smooth business operation along with a sustainable growth.
9. Seamless Process & Expansion Prospects
Having a seamless business setup in Sharjah is no less than a blessing. You can get licensing, visa processing, and access to business incubators without any trouble. Whether you are starting a new business venture or planning the expansion of your existing business, Sharjah offers a welcoming environment for everyone.
10. Superior Life Quality
Last but not the least is the superior life quality Sharjah has to offer for its residents. The amenities of this city go beyond its business advantages. You will enjoy a high standard of living paired with world-class amenities. In addition to that, you can get affordable housing, the best healthcare, and an education system in this city.
That is the reason this emirate has become one of the most attractive destinations for both entrepreneurs and families.
Final Thoughts
Entrepreneurs who are looking for a cost-effective and strategically located hub in the UAE should consider a business startup in Sharjah. Not only does it have investor-friendly policies, but also offers a safe haven from taxes and a legal perspective as well.
Whether you are setting up a company in the mainland or exploring business opportunities in the free zones, this emirate region offers a wealth of advantages necessary for long-term business success.
Frequently Asked Questions
What are the main benefits of setting up a business in Sharjah?
Sharjah offers tax incentives, a strategic location with access to international markets, and a cost-effective solution to set up a business. In addition, the legal framework also protects the rights of the investors.
Can foreign investors have complete ownership of their businesses?
The answer is yes. You can own 100% of your business in Sharjah free zones. On the other hand, if you have a mainland company, you may need a local partner.
How long does it take to set up a company in Sharjah?
The time duration entirely depends on the nature of your business. In free zones, you can set up your company in just a few days. Starting a company on the mainland could take a while.
Do businesses have to pay corporate taxes in Sharjah?
Nope. If you have a business in Sharjah, you have an exemption from corporate and business taxes. Certain industries and businesses may be subject to taxes under the UAE corporate policies.
