Sharjah Company Formation

Live Chat by LivePerson

AVERAGE ENGAGEMENT COSTS

Limited liability company
US$40,000 to 50,000 *

Nominee Director
US$5,700 **

Local sponsor
US$15,500 **

Company deregistration
US$3,450

* Depending on corporate structure and professional services required by our clients.

**Includes US$1,100 refundable deposit.

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 to determine whether Sharjah company formation is the optimum corporate structure to fulfill your international business objectives:

Advantages of Sharjah Company Formation

Sharjah company formation is an excellent alternative to incorporating in Dubai, with the same geographical advantages as its neighbour.

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.

100% foreign ownership for companies incorporated in Sharjah Airport Free Zone.

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.

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.

Investors choosing Sharjah company formation receive low cost energy. For example, in Sharjah Airport Free Zone, power costs are heavily subsidised.

Healy Consultants will open a corporate bank account for our client following Sharjah company formation.

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.

In addition to point 6 above, investors choosing Sharjah company formation receive low cost energy. For example, in Sharjah Airport Free Zone, power costs are heavily subsidised. Labour 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.

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.

Disadvantages of Sharjah Company Formation

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.

A Sharjah limited liability company (LLC) requires a minimum 51% shareholding by UAE citizens, and a minimum of two shareholders.

Following Sharjah company formation, annual audited accounts must be submitted to the Sharjah government.

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.

Sharjah corporate and personal banking products and customer service are of a poor standard compared to other jurisdictions.

According to the World Bank's Doing Business 2010 Survey, the UAE is poorly ranked as the world's 33rd easiest place to do business.

Contact Us

For more information on Sharjah company formation, contact email@healyconsultants.com or call us at (+65) 6735 0120.

Back to UAE Company Formation page.

Back to Home page.

Buy a copy of the Healy Consultants' Asia Business Set Up book, to order call +65 6735 0120 or e-mail email@healyconsultants.com