Sharjah is a well-known global industrial hub that is known for producing 48% of the industrial output of the United Arab Emirates. Sharjah has been consistently ranking among the top 10 cities for conducting progressive business in the Gulf region. Thus, a prospective businessman would definitely find Sharjah beneficial to set up his business in Sharjah. Its strategic geographical location, that is close to both Africa and Europe, makes it one of the most suitable places for setting up trading companies. Matched with the state-of-the-art infrastructure of the U.A.E Sharjah is the perfect location for doling out various businesses including product distribution services.
Being a constituting emirate of the U.A.E., companies in Sharjah are exempted from corporate income tax, withholding tax, value added tax, import/export tax or capital gains tax. Moreover, a person staying in Sharjah isn’t required to pay any personal income tax. In short, Sharjah is the best place for the progression of businesses and free trade.
- Complete exemption from taxes and foreign duties
- 100% tax exemption on operations in Ajman free zone
- Strategic and central location in regards to businesses
- Easy availability of raw material and primary products
- Subsidies on utility consumptions. Only 30% of the total electricity and water consumption is required to be paid.
Benefits from the double tax treaties signed by the UAE which includes decrease withholding taxes on payments made in India, China, Japan and Singapore.
FZE is an entity that is formed and registered in Ajman Free Zone. It is regulated by the Free Zone Authority in accordance with the Amiri Decree No. 3 of 1988 (amended by the Amiri Decree No. 3 of 1996). These establishments enjoy a provisions as separate legal entities and they can be 100% owned by either a person or a corporate body. Such entities must have a capital approximately equivalent to US $50,000. The liability of the business owner is limited to the amount of his share capital.
Licences under this class are issued to companies that have been incorporated in the Free Zone in accordance to the Amiri Decree. Such companies enjoy a separate legal identity and the owner is liable only for the value of the paid up capital.
Commercial License: This type of license authorizes the import, export, distribution and storing activities, as specified in the license.
Industrial License: It is issued to foreign/UAE companies/Free Zone Entities that wish to carry out production of goods in the Free Zone.
Professional Service License: It is issued to foreign/UAE companies/Free Zone Entities who seek permission to carry out the business of providing professional services in the Free Zone.