The UAE is well-known for offering extensive support to entrepreneurs to enable their business growth and presence. Accessibility and ease in getting a business license in UAE further make it easier to launch and operate the business in a highly competitive environment. Additionally, its tax-free policies and strategic market positioning in the world add to its aspiration to work and settle down in the UAE.
Having established itself as a global business hub, the UAE attracts entrepreneurs and investors to vouch for its world-class infrastructure. Unlike other countries, many entrepreneurs do not find cost as a barrier to company formation. Fortunately, SRTIP Accelerator, the most trusted business license provider in the UAE offers a broad range of business licenses that makes it highly affordable for entrepreneurs to establish their business in the region.
The Need for Obtaining a General Trading License in UAE
Tax Exemption: Businesses obtaining a general trading business license in Sharjah free zone can take advantage of tax exemptions and zero per cent personal income and corporate tax. This makes it a financially viable option for businesses to operate in the region.Â
Range of Business Activities: Entrepreneurs get access to operate in multiple activities, enabling them to diversify their business offerings and tap their multiple markets.
Access to Global Markets: Sharjah is located at a strategic location in the UAE, sharing borders with other emirates. Additionally, its robust logistics and transportation network helps entrepreneurs expand their access to global markets like Europe, Asia, and Africa.Â
Complete Foreign Ownership: Obtaining a business license and business setup in Sharjah is always fruitful as the establishment of the SRTIP Free Zone helps entrepreneurs, especially in the technology and innovation domain to enjoy 100% foreign ownership.Â
Low-cost business license package at AED 5500
- Affordability in business setup: When an entrepreneur has to pay a lower cost initially, they become more flexible in allocating capital to growing their business.Â
- Flexibility: Business licenses available at low-cost come with fewer restrictions, thus, making them suitable for small businesses, freelancers and startups.Â
- Quick Processing: SRTIP Accelerator has a strong foothold in the region and thus, it helps in quicker license and setup process to start business operations more efficiently.Â
Exclusive AED 5500 Package: Know the Key Highlights
- Business License for 5 Activities: General Trading License with four business activities (Mix-Match Commercial, Services, Consultancy or General Trading).
- Zero Visa Requirement: The package includes zero visa requirements which makes it perfect for companies that do not need employee visas.Â
- Multiple Shareholders: Up to 5 shareholders can participate in the business setup.Â
- Free Corporate Banking: A complimentary support for opening a corporate bank account to help business owners start up with financial transactions.
- MOA: A memorandum of association with a detailed business plan and other key requirements.
Documents Required to Obtain the License
- License application form
- Memorandum of Association (MOA)
- Identification documents of all shareholders
Conclusion
In the UAE, Sharjah Free Zone offers an ideal solution for entrepreneurs to scale and capitalize on unique opportunities in the region. To take advantage of the opportunities, we at SRTIP Accelerator act as a launchpad for their innovative business. With our low-cost business package, you can thrive in the competitive global marketplace.Â
