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 | |
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Sharjah company formation is an excellent alternative to incorporating in Dubai, with the same geographical advantages as its neighbour. |
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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. |
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100% foreign ownership for companies incorporated in Sharjah Airport Free Zone. |
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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. |
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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. |
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Investors choosing Sharjah company formation receive low cost energy. For example, in Sharjah Airport Free Zone, power costs are heavily subsidised. |
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Healy Consultants will open a corporate bank account for our client following Sharjah company formation. |
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Disadvantages of Sharjah Company Formation |
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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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Following Sharjah company formation, annual audited accounts must be submitted to the Sharjah government. |
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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. |
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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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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 |
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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. |
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Contact Us |
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For more information on Sharjah company formation, email email@healyconsultants.com or call us in Singapore at (+65) 6735 0120. |
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ENGAGEMENT COSTS LLC Offshore Company Sharjah Airport Free Zone Branch Company * Depending on corporate structure and professional services required. |
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| © 2003 Healy Consultants Pte Ltd | MIDDLE EAST COMPANY SET UP SERVICES |