SHARJAH MAINLAND LICENSE

If you want to start a business in the United Arab Emirates, one of the most important steps is to obtain a Sharjah mainland license. In the same vein, the government body in charge of regulating and controlling all procedures of any entity in the region is the Department of Economic Development (DED).

In addition, the economic department receives institutional support from the Chamber of Commerce and Industry. There are some business activities in which you require additional approval from other governmental authorities and ministries.

For instance, financial institutions and banks must obtain permission from the central bank of the UAE; industrial companies from the Ministry of Finance and Industry; insurance companies and associated companies from the Ministry of Commerce and Economy; and pharmaceutical and medical industries from the Ministry of Health.

Before obtaining the Sharjah Mainland License and knowing its cost, it is crucial you follow the steps we will mention below in order to meet the requirements of the involved authorities. You will ensure maximum commercial advantages for all shareholders. Let us observe:

• You must select the business category you will conduct such as industrial, professional, or commercial.
• Decide the business activities that come under the specific business category (maximum 10)
• Determine the legal status of your business in the UAE.
• Choose a name for your business (follow the local regulations).
• Apply on the Department of Economic Development Sharjah for the initial approval.
• After that, register a trading name (if you do not have a trading name reserved already).
• Lease the office space or business premises and obtain permission from the government.
• Prepare all the documentation, such as MoA (Memorandum of association) and approvals from other government entities.
• Submit the application to the Department of Economic Development to obtain the license.
• Pay the due fees.

4.1. Trade name registration

The estimated cost for a company formation in Sharjah tends to differ; however, the trade name registration ranges from AED 250 to 2500. This process can take up to 1 working day. Likewise, at Connect Zone, we can assist you with any processes you may require help with, as well as work on the Sharjah mainland license renewal on your behalf.

You will also need AED 100 for trademark approval, AED 100 for the smart card, and AED 50 to 2300 when it comes to the trade name. However, if you already have a registered trade name or trademark, you can skip this step; making the process quicker.

Nonetheless, if you are a new investor or entrepreneur, you would need to register through the online portal.

      4.2. Commercial lease approval

The estimated cost of the Sharjah mainland license renewal varies depending on what type of business are you conducting. However, the estimated approval cost is AED 0 unless you have unpaid inspection fines; further, it will take only some hours by the Commercial Protection and Sharjah Department of Economic Development.

      4.3. Special permits

It takes only a few hours and the cost depends upon the firm you take assistance from. Therefore, we will work hard to make the Sharjah Mainland License obtention procedure streamlined and cost-effective. 

      4.4. License application

The license application costs approximately 11% of the tenancy contract as well as AED 850 for extra administrative solutions.

      4.5. Signboard approval

This step ranges from AED 100 to 500 and it may take 1 working day. This process usually takes several days to complete. At Connect Zone, we will ensure everything goes as expected.

      4.6. Labor card application

When it comes to the labor card application, you will need AED 2000 for applying for it. In addition, it may take 2 working days for the Ministry of Labor.

In conclusion, if you follow all the steps correctly while working with us; you will have a compliant, hassle-free, and cost-effective company formation in Sharjah.

One of the ways to set up a business is through a Sharjah mainland license and a Limited Liability Company (LLC). For instance, Limited Liability Companies are some of the most common business structures and it is formed by 2 to 50 shareholders; whose liability is limited to their shares or part of the capital of the organization.

Similarly, most businesses with foreign partners choose an LLC since it is an option that gives them maximum legal ownership of 49% to ex-pats for local businesses. That is to say, the Sharjah mainland license allows companies to have UAE national partners in the LLC with 51% of ownership. Moreover, investors can choose the UAE sponsor as a business partner.

Let us observe the steps to form an LLC:

      5.1. Choose a name

Choose a unique and relatable name that follows the naming conventions of the UAE government. 

      5.2. Decide a location

Determine a suitable location for your business that goes according to your type of business. For instance, business operations can be carried out through a physical or virtual office or warehouse.

      5.3. Get a local sponsor

Make an agreement with a local partner or sponsor who will own 51% of shares in your LLC organization as the remaining is owned by you. At Connect Zone, apart from assisting you with the Sharjah trade license; we can act as your local sponsor, ensuring you stay compliant at all times and helping you from the beginning to the end of the process.

      5.4. Obtain the required documents

Collect all the documentation and submit it to the Department of Economic Development (DED) with a successfully completed application.

      5.5. Receive the license and pay the fees

Obtain the Sharjah mainland license, share certificates, Memorandum of Association, tenancy agreement, labor cards, certificate of incorporation, visas, and other types of legal documents from the government bodies in charge.

Here is a list of the documents you need to submit to the DED and other authorities regarding the type of LLC you want to start:

• A copy of your local sponsor’s passport.
• Successfully completed registration application form.
• Copies of all the managers’ and shareholders’ passports of your company.
• NOC from your sponsor (if your partner or manager is a holder of a residence visa).
• Memorandum of Association (attested from a public notary).
• Initial approval from the DED and trade name registration.
• Bank reference for each shareholder.
• Tenancy contract and location plan attested by Sharjah’s municipality.

You must notarize and attest all the documents as well as the Sharjah mainland license from your home country and UAE consulate if you are an expat. The notarization takes enough time and it is done after you decide to start your business in Sharjah.

The e-commerce license in the UAE is one of the most popular business license categories with a promising future. This license has emerged as a way to ease your company formation in Sharjah. However, have in mind that it is different from the Sharjah trade license.

The UAE’s superior logistical network, expanding consumer demand, and technological infrastructure are some of the reasons why online commerce is growing massively. Similarly, top-quality internet access along with the increasing use of cellphones has helped in the expansion of the online commerce business.

Online shopping for furniture, clothing, and other products is very popular nowadays. Certainly, company formation in Sharjah as a standard structure or as e-commerce is driving more and more businesses to the region. E-commerce is making life simpler for UAE citizens since it only requires a few minutes to complete.

On the other hand, many new business persons are not aware of how they can save money on the Sharjah mainland license cost; At Connect Zone we work hard to ensure that you have the best tools and knowledge to guarantee the highest savings.

Companies across the UAE are choosing the UAE eCommerce license to enter the online business environment and launch their business to a new level. Likewise, due to the internet penetration and ever changing customer behavior; the online sector has massive potential for investors to create a profitable platform.  

However, you must have in mind that a Sharjah mainland license is the first option to start a business in Sharjah or the UAE. Above all, online shopping has become an important part of our lives. Moreover, with the rise of companies that are capitalizing and profiting on the increasing number of online buyers; this reality is clear.

      6.1 What are the advantages of getting the e-Commerce License in Sharjah?

• No import duties with the e-commerce license.
• Viability to repatriate all income and capital.
• You obtain a resident visa for 3 years.
• Full foreign ownership in the free zones.
• Low operating costs
• 0% corporate and personal tax
• No currency restrictions.

In conclusion, the e-commerce license has become a necessity for people connected globally through the internet. In Sharjah, for many years, the online retail business has seen a progressive rise. That is why the Sharjah trade license cost goes well if you are on a budget.

It is expected that, in the following years, the online sector will add even more revenue to the economy.  Hence, if you are ready to start your company formation in Sharjah to set up your small business, e-commerce is an ideal option for you.  

According to research, there has been an ongoing demand in the UAE for e-commerce licenses. That is to say, the United Arab Emirates has the most advanced and developed e-commerce environment in the MENA region. In addition, in 2019 it reached AED 59 billion in eCommerce transactions. This also led to an increase in popularity of the Sharjah mainland license and lowered its cost for investors.

There are diverse reasons for this, the rise of start-ups and tech-savvy individuals in the country has contributed to the UAE’s worldwide online business positioning. Further, the UAE government is also playing a crucial role in the transactions between consumers and businesses by developing different payment options for different government services and purchases.

At Connect Zone, we provide you with outstanding services so you can obtain the Sharjah mainland License easily.