Set Up a Company in Sharjah
Set Up a Company in SharjahUpdated on Tuesday 19th April 2016
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Sharjah, one of the leading emirates in the United Arab Emirates (UAE), has more than 600,000 inhabitants and represents the most important area in terms of industry. This type of activity in Sharjah accounts for more than 40% of the UAE’s gross domestic product. If you are interested in opening a company in Sharjah, our law firm in Dubai can represent you through the incorporation process.
Business registration in Sharjah
According to the legislation available in Sharjah, the incorporation of any foreign company requires that 51% of the company’s shares to be owned by a citizen of UAE. The rule no longer applies in the free zones of Sharjah (Sharjah Airport International and Hamriyah Free Zone), where full foreign ownership is allowed.
Although the most important business activity in Sharjah is represented by industry, you should also consider the following when choosing it as a business location:
• transport and logistics;
You may request more information on the business prospects in these fields from our lawyers in Dubai.
Types of companies in Sharjah
When opening a company in Sharjah, you have to choose a legal entity, according to your financial possibilities and to the risks you want to assume as an investor. Sharjah allows the following businesses incorporation forms:
• limited liability company – minimum two partners and maximum 50, who are liable only for the shares each holds in the company;
• partnership company – at least two partners, who have to be citizens of the UAE;
• branch of a foreign or local company – no minimum share capital required;
• Gulf cooperation company branch;
• public shareholding company – requires at least 10 founders and a minimum share capital of 10 million AED;
• private shareholding company – it is necessary to have at least three shareholders and the minimum share capital is 2 million AED.
If you need more information on the business opportunities in Sharjah, please contact our attorneys in Dubai, who can offer you legal advice and can help you choose the best option for your business field.