5 Reasons Why Sharjah is a Great Place to Start a Business by PRO services in UAE

Sure, here are five reasons why Sharjah is a great place for business setup:

Strategic Location: Sharjah is strategically located between Dubai and the Northern Emirates, making it an ideal location for businesses that need to serve both markets. It also has easy access to other key markets in the Middle East, Asia, and Africa.

Business-Friendly Environment: Sharjah has a business-friendly environment that encourages entrepreneurship and innovation. The government offers incentives, such as tax breaks and grants, to attract foreign investment.

Diverse Economy: Sharjah has a diverse economy with thriving industries in sectors such as manufacturing, tourism, logistics, and healthcare. This diversity provides a range of opportunities for entrepreneurs to start businesses and tap into new markets.

Skilled Workforce: Sharjah has a well-educated and skilled workforce, with a large pool of multilingual workers. The government has also invested in education and training programs to ensure that the workforce is equipped with the skills needed for the modern economy.

Proactive Business Services: Sharjah has a range of business services, including PRO (Public Relations Officer) services, that make it easier for businesses to set up and operate in the emirate. These services can help with everything from visas and licensing to finding suitable office space and more.

Step-by-Step Guide to Setting Up a Business in Sharjah

Sure, here is a step-by-step guide to setting up a business in Sharjah:

Decide on the type of business: Determine the type of business you want to set up, whether it's a sole proprietorship, partnership, limited liability company (LLC), or branch of a foreign company.

Choose a business activity: Choose the business activity you want to undertake and ensure it is permitted by the Department of Economic Development (DED) in Sharjah.

Choose a business name: Choose a unique business name that is available for registration and complies with the guidelines set by the DED.

Obtain initial approvals: Obtain initial approvals from relevant authorities, such as the DED and other government entities depending on the type of business activity you are undertaking.

Get a trade name certificate: Apply for a trade name certificate from the DED. This certificate confirms that the name you have chosen for your business is available for registration.

Lease a business premises: Lease a suitable business premises and obtain the necessary approvals from the Sharjah Municipality.

Apply for a business license: Apply for a business license from the DED. The license will specify the type of activity you can undertake, the location of the business, and other details.

Register for VAT: If your business turnover exceeds the threshold, register for Value Added Tax (VAT) with the Federal Tax Authority (FTA).

Hire employees: Hire employees, if required, and ensure compliance with labor laws and regulations.

Register for social insurance: Register for social insurance with the General Pension and Social Security Authority (GPSSA).

It's important to note that the process of setting up a business in Sharjah may vary depending on the type of business and other factors. It's recommended to seek the assistance of a reliable business setup consultancy or a PRO service provider in Sharjah to ensure that the process is smooth and hassle-free.