Sharjah Company Formation |
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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 Freezone, as a cost effective alternative to Dubai. The following information will help to determine whether Sharjah company formation is the optimum corporate structure to fulfill your international business objectives: |
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Advantages of Sharjah Company Registration |
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1. |
Sharjah company formation is an excellent alternative to incorporating in Dubai, with the same geographical advantages as its neighbour. |
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2. |
If properly structured, Sharjah company formation is an excellent way to legitimately book international profits without paying local corporation tax. In addition, Sharjah company formation attracts no personal or import/export taxes. |
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3.
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With the exception of a Sharjah limited liability company (LLC), one director and one shareholder are required for Sharjah company formation. There is no public register of shareholders or directors. 100% foreign ownership for companies incorporated in Sharjah Freezones. |
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Following Sharjah company formation, Healy Consultants can assist Clients to obtain UAE residence and employment visas. There are no restrictions on hiring foreign labour to support Sharjah company formation. |
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5.
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Investors choosing Sharjah company formation receive low cost energy. For example, in Sharjah Airport Freezone, power costs are heavily subsidised. |
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6.
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Healy Consultants will open a corporate bank account for our client following Sharjah company formation. |
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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. |
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In addition to point 6 above, investors choosing Sharjah company formation receive low cost energy. For example, in Sharjah Airport Freezone, power costs are heavily subsidised. Labour and accommodation costs are low compared with other emirates (by around 35 per cent). |
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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. |
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Freezones such as the Hamriyah Freezone are attractive for entrepreneurs involved in international trading activities. |
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Negotiations continue 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 500 million people. |
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Disadvantages of Sharjah Company Registration |
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1.
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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. |
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A Sharjah limited liability company (LLC) requires a minimum 51% shareholding by UAE citizens, and a minimum of two shareholders. |
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Sharjah corporate and personal banking products and customer service are of a poor standard compared to other jurisdictions. |
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Investors setting up a company in Sharjah Airport Freezone as a branch of a foreign company require a minimum capital of AED 150,000 (approximately US$41,000). |
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5.
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Following Sharjah company formation, annual audited accounts must be submitted to the Sharjah government. |
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According to the World Bank's Doing Business 2012 Survey, the UAE is poorly ranked as the world's 33rd easiest place to do business. |
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Contact Us |
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For additional information on Sharjah company registration, contact email@healyconsultants.com or telephone us at (+65) 6735 0120. |
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