When properly structured, starting a company in Sharjah can be a tax-efficient way to conduct international business. The Sharjah airport Free Zone, in particular, is often chosen as an effective alternative to Dubai. The following information outlines some of the key advantages and disadvantages businesses should be mindful of before choosing to start a company in Sharjah. |
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Sharjah has the same geographical advantages as its neighbour Dubai, making Sharjah an excellent alternative for starting a company.
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If properly structured, Sharjah starting a company in Sharjah 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 is allowed for companies operating in the 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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Investors choosing Sharjah company formation can take advantage of low cost energy. For example, in Sharjah Airport Free Zone, power costs are heavily subsidised.
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Ports in Sharjah offer additional incentives to investors, such as warehousing facilities that allow investors to store their goods for free for up to two months.
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Starting a company in Sharjah can be expensive and time consuming. The challenge of starting a company in Sharjah is heightened by high government fees, inconsistent and complex UAE company laws, and an inefficient bureaucracy in Sharjah.
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According to the World Bank's Doing Business 2012 Report, the UAE is poorly ranked as the world's 33rd easiest place to do business. |
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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 starting 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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Contact Us
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For more information on starting a company in Sharjah, please email email@healyconsultants.com or telephone us at (+65) 6735 0120. |
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Back to Sharjah Company Formation page. |
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| © 2003-2012 Healy Consultants Pte Ltd | MIDDLE EAST COMPANY SET UP SERVICES |
