How to Streamline Your Business License Application in Sharjah

 As the third largest emirate in the UAE, Sharjah is recognised for boasting numerous business opportunities, and attracting investors and entrepreneurs. It hosts a wide array of industries to set up businesses, especially in non-oil economic sectors. However, before establishing a business, it is necessary to obtain a business license in Sharjah that helps promote legal compliance. 

Having said that, navigating the process of a Sharjah Free Zone license can be daunting. This can be complex to understand due to the availability of a variety of licenses. Here’s the complete guide to understand and streamline the process of business license in Sharjah. 

Understanding the types of Sharjah free zone licenses

As part of the UAE’s government’s initiative to promote economic diversification, the Sharjah Free Zone offers a wide gamut of business licenses. Hence, understanding which license is relevant to your business is significant so that you can follow the set regulations and conduct operations legally. 

• Professional License

This license is required for individuals and companies offering professional and skill-based services and establishing a consultancy, legal advisory, auditing and medical services-related business.

• Commercial License 

Any business owner engaging in trade activities such as buying and selling goods or services need to obtain a commercial license. For example, import & export businesses, general trading, etc. 

• Industrial License 

Individuals planning to set up a business in manufacturing, processing, or other industrial activities need to acquire an industrial license. 

• E-commerce License

An individual obtaining an e-commerce license is authorised to set up an online marketplace for trading of products and services. 

• Freelance Permit

If any individual wants to become self-employed in Sharjah, they can simply obtain a freelance permit and offer professional services without having to set up a separate entity. 

Documents required for obtaining a business license in Sharjah

The list of documents required for obtaining a Sharjah Free Zone license may differ depending on the type of business of the establishment. Here’s a list of a few common documents that can give you a peek into the process:

Application: 

A complete business license application form should be filled put. It is typically provided by a free zone authority in Sharjah. 

Passport copies: 

A copy of the passports of all business partners and shareholders is required, along with their recent passport-sized photographs. 

Residence visa: 

A copy of the visa needs to be submitted for both - primary applicant and other applicants. 

Memorandum of Association (MOA): 

A MOA is required to outline the structure and operation of the business. This may also include the distribution of shares among partners.

Trade name reservation: 

A copy of the trade name reservation is required that provides an official approval of the business name by the relevant authorities.

Business plan: 

For certain businesses, a detailed business plan is required, highlighting the nature of the business, mission and vision. 

Approvals from relevant authorities: 

Depending on the nature of the business, additional approvals or clearances from relevant government bodies or ministries may be required, especially for regulated activities.

Know the license fee

The fee for obtaining a business license in Sharjah depends on the type of business license, structure and ownership. Additionally, the registration of VAT also determines the cost of the license along with other variables. 

Bottomline

If you are looking to set up your business in Sharjah and face difficulty in navigating through the business license process, then get in touch with SRTIP Accelerator. Our professional team of business consultants can help you clear the process with ease. 

From handling the legal compliances to ensuring a seamless business setup experience, our team can help you with end-to-end business solutions.