Sharjah Business Start Up

Although Sharjah business start up is complex, Healy Consultants' expertise related to forming a business in Sharjah is highly valued by our clients, who appreciate our logical and transparent approach to establishing a business in Abu Dhabi. The following is an overview of the key challenges of Sharjah business start up:

1.

Despite its challenges, Sharjah business start up is attractive for foreign investors seeking a viable, lower-cost alternative to its neighbour, Dubai.

Forming a business in Sharjah is legitimate way to book tax-exempt international profits. In addition, there are no capital gains or personal income taxes in Sharjah.

3.

Investors establishing a business in Abu Dhabi to conduct both local and international trade choose a limited liability company (LLC). Through a Sharjah LLC foreign investors obtain government Trade Licenses, work and residence permits, rent Sharjah business premises and open a local corporate bank accounts. However, a Sharjah LLC requires a minimum 51% shareholding by UAE citizens, must rent a physical office in Sharjah and has high minimum capital requirements of US$41,000, which must be paid during Sharjah business start up.

Investors forming a business in Sharjah through a Sharjah Free Zone company can fully own the company. For more information, visit our Sharjah Company Formation page.

5.

Investors forming a business in Sharjah through a Sharjah branch company can fully own the entity and avoid an annual audit.

The Hamriyah Free Zone is option for entrepreneurs interested in starting a business in Sharjah.

7.

Despite the complexity of establishing a business in Sharjah, Healy Consultants ensures procedures are completed efficiently, using the following as a chronological guide:

• Prior to Sharjah business start up, our client settles our fees and signs Healy Consultants engagement letter;

• Healy Consultants provides a detailed engagement plan related to forming a business in Sharjah;

• Healy Consultants completes Sharjah business start up with the corporate structure as agreed with our client;

• Healy Consultants opens a local or international multicurrency corporate bank account for our client after establishing a business in Sharjah;

• After forming a business in Sharjah, Healy Consultants e-mails an engagement feedback survey to our client.

Healy Consultants offers a wide range of services to support Sharjah business start up, including:

• After forming a business in Sharjah, Healy Consultants will open a local or international corporate bank account with a leading retail bank in Sharjah, such as HSBC, Standard Chartered and Citibank;

• After establishing a business in Sharjah, Healy Consultants prepares business plans, conducts market research and draws up feasibility studies for clients;

• Following Sharjah business start up, Healy Consultants handles statutory accounting formalities on behalf of the company;

• After forming a business in Sharjah, Healy Consultants assists clients to locate suitable office premises in Sharjah or elsewhere in the UAE, and/or provides virtual office services to enable them to avoid the high costs of renting an office in Sharjah;

• To support Sharjah business start up, Healy Consultants builds a business website and launches search engine advertising and optimisation campaigns for our client;

• After establishing a business in Sharjah, Healy Consultants assists our client to obtain corporate finance, trade finance and open merchant accounts.