Sharjah Company Formation

If properly-structured, Sharjah company formation is a tax-efficient way for entrepreneurs to conduct international business. Some of our Clients choose Sharjah company formation, in particular Sharjah Airport Free Zone, as a cost effective alternative to Dubai. The following information will help you determine whether Sharjah company formation is the optimum corporate structure to fulfill your international business objectives:

Advantages of Sharjah Company Formation
1.	Sharjah company formation is an excellent alternative to incorporating in Dubai, with the same geographical advantages as its neighbour.
2.	If properly structured, Sharjah company formation is an ideal way to legitimately book international profits without paying local corporation tax. In addition, Sharjah company formation attracts no personal or import/export taxes.
3.	100% foreign ownership for companies incorporated in Sharjah Airport Free Zone.
4.	With the exception of a Sharjah limited liability company (LLC), one director and one shareholder is required for Sharjah company formation. There is no public register of shareholders or directors.
5.	Following Sharjah company formation, Healy Consultants can assist our Clients to obtain UAE residence and employment visas. There are no restrictions on hiring foreign labour to support Sharjah company formation.
6.	Investors choosing Sharjah company formation receive low cost energy. For example, in Sharjah Airport Free Zone, power costs are heavily subsidised.
7.	Healy Consultants will open a corporate bank account for our client following Sharjah company formation.
8.	Ports in Sharjah offer additional advantages to investors, like warehousing facilities that allow investors to store their goods for free for up to two months.
9.	In addition to no. 6 - Investors choosing Sharjah company formation receive low cost energy. For example, in Sharjah Airport Free Zone, power costs are heavily subsidised. - Labor and accommodation costs are low compared with other emirates (by around 35 per cent).
10.	Sharjah is the only one of the seven Emirates with ports on the Arabian Gulf’s west coast and east coast with direct access to the Indian Ocean.
11.	Discussions are ongoing with countries such as the US and Japan for Free Trade Agreements, potentially giving UAE firms including those in Sharjah free access to a markets numbering over 500million people.
Disadvantages of Sharjah Company Formation
1.	Sharjah company formation is expensive and time consuming. The challenge of Sharjah company formation is heightened by high government fees, inconsistent and complex UAE company laws, and an inefficient bureaucracy in Sharjah.
2.	A Sharjah limited liability company (LLC) requires a minimum 51% shareholding by UAE citizens, and a minimum of two shareholders.
3.	Following Sharjah company formation, annual audited accounts must be submitted to the Sharjah government.
4.	Investors setting up a company in Sharjah Airport Free Zone as a branch of a foreign company require a minimum capital of US$40,000.
5.	Sharjah corporate and personal banking products and customer service are of a poor standard compared to other jurisdictions.
6.	According to the World Bank's Doing Business 2008 Survey, the UAE is poorly ranked as the world's 68th easiest place to do business.
Related Information

Healy Consultants Fees for Sharjah Company Formation
Healy Consultants' Sharjah company formation range between US$18,400 and US$33,500, depending on the corporate structure and range of professional services required.
Contact Us
For more information on Sharjah company formation, email email@healyconsultants.com or call us in Singapore at (+65) 6735 0120.
Back to UAE Company Formation page.
Back to Home page.

Buy the Singapore chapter of Healy Consultants' Asia Business Set Up book for US$100, to order call +65 6735 0120 or e-mail email@healyconsultants.com