Everything You Need to Know About Free Zones in Sharjah

Sharjah is one of the third largest emirates of the UAE which attracts over 5 million investors as well as tourists every year. It brags a low crime rate and fair judicial system, thus it is observed as the shipping sector of the country and has formed an industrial base for the United Arab Emirates. Therefore, Sharjah free zone is not restricted to these surrounding sectors rather it has a huge outlook. You can take the assistance of experts for Sharjah Free Zone Company Formation and Company Formation In Dubai - Sharjah – UAE.

Variety of licenses in Sharjah Free Zone

Remember a valid license is required in order to set up a business in UAE. If you want to obtain a license for Sharjah Free Zone, then you need to first decide the type of business activity as it will determine the number of license required. There are three types of license:

Trading license
This license is offered to businesses engaged in industrial and manufacturing activities. In order to acquire this license, you need to set up your physical office in the country.

Commercial license
It is a type of license that is provided to companies involved in trading, buying and selling of goods.

Professional license
It is issued to businesses providing services. This consists of activities like auditing companies, law firms, and management consultancy.

How you can set up business in Sharjah free zone?

The process of setting up Business here is smooth and easy if you make proper strategies. Here are some of the steps:

• Understand your business
• Prepare Business set up plan
• Choose Company name
• Final suitable infrastructural setup
• Estimate workforce required 
• Deposit minimum capital amount 

Therefore, setting up a company in Sharjah free zone symbolizes vast earning potential, world-class infrastructure, contemporary amenities, free trade barriers, and liberal government policies.

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Types of Licenses to Register Company in Dubai

All About Types of Licenses to Register Company in Dubai

While you set up business in Dubai there are lots of things you need to do in the course of the process and one among the most important steps is to get a license so that you can register your company. Here we shall see the types of license so that you can understand which one you need for your business set up. There are basically three categories of licenses issued in Dubai to register a company. Depending on the nature of the activity a business entity plans to undertake license in one of these categories will be issued.

Following are the types of licenses you should know about.

1. Commercial License – These are a license that is to be issued to a company that will engage in any kind of trading activity.

2. Industrial License – These are a license that is to be issued to a company that will engage in manufacturing or any industrial activity.

3. Professional License – These are a license that is to be issued to service providers, professionals, artisans, and craftsmen.

The Department of Economic Development in Dubai is the government agency responsible for issuing local Dubai company licenses. This department operates from several locations to deliver licensing services. However, if you have any doubts or want to know more about these then you can definitely seek services from professional business consultants like SOC Prollect. We are one of the best Business Consultants in Dubai who have a wonderful team of an intelligent and experienced team to help you out.

Tips for Finding Suitable Financial Advisor

There is no rule book to follow when you are ready to hire a financial advisor. But before that ask yourself whether you really need it whether it be personal or company wise. If it is for your company then you should definitely take forward the step because company decisions are crucial and complex so it is always better to seek the advice of a professional expert financial advisor.

The best part of keeping a financial advisor is that you will get a clear crisscross image of your situation, after effects, pros, and cons, etc. which will actually give you a multi-dimension about the situation which will help you in taking the best crucial decision. Before you hire a professional financial expert always make sure that they fit in your budget. Make sure she or he has a clean and remarkable record in their career.

 Understand how they work and if you have queries don’t forget to ask especially about how they charge for their services. After asking a set of questions to yourself you can take your step forward. For people in Dubai, if they need best financial advisors you can contact SOCPROLLECT, who will not only help you managing finances but also help budding entrepreneurs in Business Setup In Dubai. They very well know the rules and laws and the procedure of their company formation etc. Since the law here is very strict you have to know everything about it.

Choose Business Advisors Wisely

In today’s world, to survive in a competitive world after all fraudulent is not a small thing, but really a tough thing especially if we are doing business. There would be times we would really be confused whether to trust or not because of our bad experiences and that is why it is told that only bad experiences teach you better, to be cautious. In business every step is crucial. If a step goes wrong then it might end up in huge loss or to correct it, it might take much longer than you expect. Time is money, so you cant actually waste so much time on a wrong step, so always be careful to choose your step wisely in business.

To help you in that often business advisors are appointed. But at times we get backstabbed by the same business advisors we trusted. So always be aware whom you are choosing. Check their past records, enquire their performance in the previous company. Analyze his performance for a while even after choosing. Once you are very sure he is trustworthy only make crucial decisions with the help of the business advisors. If you are choosing Socprollect for business advisors then you can blindly choose them as they are the best in Dubai. Their years of expertise and huge clientele itself is a proof for that. Their keen business sense, knowledge of current and changing financial trends, local and international business laws will help not only established businessman but budding businessmen too in Setting up a Business in Dubai.

Comparison of Free Zone and Non Free Zone Business in UAE

People have a question about the free zone business and Nonfree zones business regarding the company formation and registration. Check out the comparison on free zone and Non-free zone businesses in Dubai. Socprollect Business consultants are one of the leading Company Formation in Dubai - Sharjah - UAE. Contact for more updates and details regarding company registration. Free Zones business setup: Business entities acquire a free zone license after registering legally and have the advantage of complete ownership and repatriation. It is the cheapest and easier company formation compared to others. Business formations can recruit employees for their further visa processing in free zones.

The company infrastructure can be modified and developed with the help pf free zone authority with no income and corporate tax. Non-Free zone business setup: If you are going for a Nonfree zone business operation, you can make use of the license of the company anywhere in UAE for setting up your office. The difference between business license in the non-free zone and the free zone is that the license usage of the license is restricted at a particular area in free zone business and can be used anywhere in the non-free zone. The local sponsor has the ownership rights of about 51 percentage of the business in the free zone. There are certain advantages of the UAE free zones business setup that offers 100 percent foreign company ownership and 100% repatriation of capital and profits. It is exempted from all import and export duties and has no corporate tax or dividend tax.

Resources

https://socprollect201375222.wordpress.com/2018/06/21/company-formation-in-uae/ https://dubai.storeboard.com/blogs/business/documents-needed-for-a-startup/924004