Moving at a steady pace with Dubai, Sharjah, the cultural capital of UAE has been making headlines as it gains new recognition as the new business hub of Emirates. Having accumulated substantial popularity, starting a business in Sharjah is the perfect move for ambitious entrepreneurs, thanks to the multiple free zones and mainlands, making business setup in Sharjah utterly smooth.  Â
Offering the strategic ingredients to start and expand the business further, Sharjah stands strong as a global economic destination. With advancements in technology and infrastructure, and the diversification of people and cultures, Sharjah boasts a safe environment for foreign investors and entrepreneurs alike, thereby encouraging you to start your business in Sharjah.Â
Apart from being the third largest emirate in the UAE, here are some other reasons for starting a business in Sharjah.
Strategic Location for Starting a Business
The emirate of Sharjah is also known as the major trading and business hub, thereby offers unparalleled access to local and international territories. Businesses in Sharjah enjoy close proximity to the UAE’s major port, Port Khalid. In addition, they also have access to air commuting thanks to the Sharjah International Airport, along with excellent road connectivity which ties Sharjah seamlessly with other regions of the country.
With impressive growth and development, company formation in UAE can act as a major advantage with the added bonus of 100%Â foreign ownership and exemption from corporate tax. As a result, digital marketing agencies planning for business licence in UAE freezone have the potential to leverage these advantages.Â
Simple and Affordable Business Setup
Sharjah offers entrepreneurs with simple and affordable business setup, since Sharjah Free Zone license is available at a competitive cost. At the same time, the Sharjah Economic Development Department offers some of the most modest mainland company formation permits in the UAE. In the context of simple business setup in Sharjah, entrepreneurs can always seek help from business setup companies in the UAE.Â
Unmatched Government Support
Having launched a host of initiatives to attract foreign investment, the government of Sharjah continues to build on creating a more business-friendly environment. The positive business policies along with robust legal framework have enabled Sharjah to maintain a stable economy and rise to prominence. As a result, the government actively completes its part by initiating multiple free zones, incubators, funding schemes, etc to push entrepreneurship in Sharjah.Â
Access to More Business Activities and Visas
In Sharjah, businesses have additional advantage of unlimited business activities. This essentially means that in the absence of limitations for undertaking any business activity, businesses are free to engage in more than one business activity which is not offered by other Emirates. In addition, one can also issue unlimited visas which enables entrepreneurs to hire and retain talent from all parts of the world.Â
Easy Availability of Labour
Home to an extensive number of skilled professionals from all over the world, starting your business in Sharjah means leveraging the easy availability of skilled labour. Backed by this skilled pool of labour, businesses can recruit professional employees who are productive and innovative. With their expertise, businesses in different industries ranging from healthcare, technology, media, to finance can experience steady growth and success.  Â
Reduced Living Expenses
Although the UAE is known for its luxurious lifestyle, Sharjah offers a more cost-effective living standard, thereby attracting new entrepreneurs. The low cost of living coupled with convenience make Sharjah the best place to start a business. Besides affordable housing and rent, Sharjah also has modest transportation, education, healthcare, and utilities which positions it as the most suitable place to both live and grow your business. Â
Diversified Opportunities
Apart from the burgeoning economic growth, unmatched government support, ideal location, and simple and affordable business setup, Sharjah offers a bundle of business opportunities which enables entrepreneurs to diversify their portfolios. In tandem, entrepreneurs have the option to choose from a ton of ventures spanning across different sectors including real estate, e-commerce, healthcare, education, technology, hospitality and tourism, amongst others.  Â
Tax Exemption
The primary hassle of setting up a business in a foreign country is understanding its tax implications. Having said that, the Sharjah free zone offers 100% tax exemption, marked by 0% corporate tax. As a result, businesses can keep their profits without having to pay taxes to the government. However, it is important to note that tax exemption is only offered to businesses that comply with specified regulations.  Â
Multi-Currency Transactions
Taking precedence over other Emirates, Sharjah allows multi-currency transactions. While other Emirates have certain restrictions that impede the flow of several currencies that can act as inhibitors to business prosperity and seamlessness of transactions, Sharjah has no such restrictions. In fact, Sharjah holds no limitations related to any currency, which empowers entrepreneurs and investors to complete their transactions with ease.  Â
All Ready to Start your Business in Sharjah?
If yes, then it’s time for you to connect with SRTIP Accelerator, the leading company to offer business setup services in the UAE. As specialists in business setup in Sharjah Free Zone, we offer entrepreneurs with all the assistance they need at every step of the way.   Â
The dream to start your business in Sharjah ends here, as we help you gear for the reality. Â
