Trade License in Sharjah
Are you starting your company in the United Arab Emirates? You can obtain a trade license. A growing economy and many possibilities await sophisticated investors in the UAE, one of the world’s largest economic hubs. Starting a business is a wise choice for business owners who want to take advantage of Sharjah’s thriving economy.
This document authorizes you to conduct business in the Sharjah emirate. The business activities that each license enables are listed with the various types of trade licenses.
In this post, we’ll take you through the steps of getting your trade license in Sharjah, which will also include business setup tips and the procedures needed to obtain a UAE trade license.
Role of Sharjah Department of Economic Development
In Sharjah, the Department of Economic Development (DED) plays a vital role in managing and supervising the launch of new companies.
The DED grants trade licenses and permissions to businesses operating in Sharjah, including the Sharjah Mainland. This includes everything from small retail businesses to large industrial enterprises. To make sure companies comply by all applicable laws and regulations, the DED also collaborates closely with other government organizations.
In addition to providing trade licenses, the SEDD, or Sharjah Economic Development Department, offers businesses a range of services, such as guidance on incorporating a new company and help finding suitable locations for new operations.
Additionally, they provide advice and support to new businesses on various business establishment issues in the United Arab Emirates.
However, some economic operations require licenses and approval from other government agencies. These include:
- The Ministry of Health must approve pharmaceutical and healthcare institutions.
- The UAE Central Bank must approve banks and financial entities.
- The Ministry of Industry & Advanced Technology regulates industrial operations.
- The Ministry of Economy and Commerce allows businesses to offer insurance and associated services.
Types of Sharjah Free Zone Trade License
Business owners launching businesses in the Sharjah Free Zone can choose from various trade licenses, each with specific requirements and benefits.
Knowing the different types of licenses and how they are used will help you make the best decision for your business.
Industrial License
Companies that manufacture, assemble, pack, or perform similar industrial tasks must get an industrial license. With this license, companies can import machinery and raw materials and export final products.
The free zone also offers corporate and individual income tax exemptions to businesses with an industrial license.
Professional License
Professional licenses are required for companies that provide engineering, design, and consulting services. Businesses with this license are exempt from corporate and individual income taxes and are allowed to import tools and equipment needed to provide their services.
Commercial License
Companies that import and export goods or engage in other trading operations are required to hold a commercial license. Businesses can import goods, store them in the free zone, and export them overseas with this license type.
Businesses with commercial licenses are also eligible for tax exemptions for corporate and individual income in the free zone.
Since every license has different criteria and benefits, it is crucial to understand the guidelines and limitations of each before choosing one.
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Required Documents for Sharjah Trade License
- Copy of site plan approved by Sharjah Municipality
- Licenses form
- Approval from the ministry of economy
- Photocopy of certified tenancy contract
- Trade name certificate
- Service agent contract approved by the legal affairs section
- Signed photocopies of the national ID for UAE nationality holders, passports, and family book
- Brand certificate
- Government entities approvals
- Official technical assessment report
- Photocopies of residency, passport, or visa for foreigners
- Certified no objection certificate
- Technical evaluation report
- Notary public-certified partnership contract
How to Get a Trade License for Sharjah
Starting a business in Sharjah, United Arab Emirates, might be challenging, but it can be done efficiently and successfully with the right assistance.
The processes necessary to obtain a UAE trade license and advice on business formation are addressed in this part, along with the regulations you must follow to obtain a Sharjah trade license.
Take these easy steps to obtain a trade license in Sharjah:
Step 1. Identifying a Business Category
Choosing a business category for your organization is the first step. The company needs to fall into one of the three categories listed below:
- Industrial
- Professional
- Commercial
Step 2. Identifying Business Activities
Finding and assigning business operations in relation to a license is the next stage. A single license may be assigned to a maximum of ten business activities. They must be selected from the list of Sharjah trade license activities.
Step 3. Choosing Trade Name
The next step is to decide on a trading name for your business. You must adhere to a set of guidelines while selecting a name.
Step 4. Getting Initial Approval
After that, you must obtain preliminary approval. Apply to the Sharjah Economic Development Department (SEDD) for that.
Complete digital application via Sharjah Municipality’s smart portal
Step 5. Registering Trade Name
It’s crucial to register the selected trade name. Once the name has been approved, you can register it.
Step 6. Leasing Office Space
After that, find a reputable office building to run your company. Submit the site plan for municipal approval before finalizing lease agreements. The location may be on the Sharjah mainland or in a free zone.
Step 7. Preparing Documentation
After that, compile the previously specified necessary paperwork and obtain approval from the appropriate authorities.
Step 8. Submitting Documents and Applications
To obtain the Sharjah trade license, present all the documentation you have gathered to the appropriate government agency.
Step 9. Paying the Fees
Complete e-payment through the government portal after digital inspection approval.
Step 10. Getting License Approval
Once you have finished the initial approval and trade name registration procedures, you must go to the DED’s licensing section.
The licensing authority approves the license information and may be updated or added to as needed.
Step 11. Pay the License Fees
The department will issue an audit payment voucher upon license approval. After paying the fee, you will receive your business license and trade registration certificate.
After the licensing process, you can try registering your company’s trademark in the United Arab Emirates. Many successful Sharjah-based companies aim to expand in Dubai and other UAE emirates.
You might want to consider Dubai’s different company licenses in these situations. You can contact UAE business registration specialists like JSB Incorporation.
Cost of Getting a Trade License in Sharjah
Fees vary by activity type; use the official fee calculator on the SEDD website. Office rent, visa processing fees, and other business establishment requirements are some variables that will affect the ultimate costs.
For a customized price and knowledgeable advice on specific expenses depending on your unique needs, contact JSB Incorporation.
Renewal of a Trade License in Sharjah
To renew a trading license in the Sharjah Free Zone, various documentation must be sent to the Sharjah Department of Economic Development (DED). To renew your trade license, you must submit the following information along with supporting documentation:
Form for Renewal of License.
- The NOC (No Objection Certificate) issued by the relevant authorities.
- Copies of the UAE’s national ID cards and passports.
- An authenticated photocopy of the Notary Public’s signature.
- Certified lease documents.
- Valid copy of existing trade license
You can submit the necessary documentation to the DED along with the renewal payment once you have it. The DED will review your application and provide your renewable trade license if everything is in order.
Get your Trade License in Sharjah with JSB Incorporation
For companies and expats hoping to succeed in the UAE business environment, JSB Incorporation is a one-stop shop. We are qualified to help you at every step of your business journey, from Sharjah company formation to PRO services.
Whether you’re attempting to set up business in the Sharjah Free Zone or Mainland, we can help you navigate the process, ensure that your company matches all regulations, and assist you in capturing every business opportunity.
Book your free consultation call today with the experts of JSB Incorporation to get started.
FAQs
Depending on approvals, the process usually takes a few days to a couple of weeks.
The cost varies based on the business activity, location, and license type.
Yes, but ownership rules vary between mainland and free zone companies.
A local sponsor is required for mainland businesses but not free zone companies.
Certain professional and e-commerce activities may allow home-based businesses with approvals.
Don't miss out on this limited-time opportunity!
We'd Love To Hear From You
contact us
Find us Here
Office No 20, 4th Floor, Al Moosa Tower 2,
Sheikh Zayed Road Dubai, United Arab Emirates P.O. Box 27614.
Get In touch
+971 4 824 4842
info@jsbincorporation.com