Business setup in Sharjah Mainland
Sharjah is located just 20 minutes from Dubai. Setting up a business on the mainland in Sharjah makes a lot of financial sense, as initial company setup costs are comparatively lower than that of Dubai. A company located on the mainland in Sharjah is allowed to do business anywhere in the United Arab Emirates, so it also gives you access to Dubai’s wide market.
Since housing costs are lower in Sharjah, it is not uncommon for many employees to live in Sharjah and commute to Dubai for work. Operating your company in Sharjah means your employees are likely to arrive in the office fresh instead of being hassled by the morning commute were your company to be located in Dubai. This can work wonders for their productivity.
How to Register a Company in Sharjah
The first step involves identifying what kind of company it will be. It could be a Sole Establishment (this is the same as a Sole Proprietorship), a Limited Liability Company, a Private Joint Stock Company, a Public Joint Stock Company, a Branch Office, or a Representative Office.
The Sole Establishment company structure is best suited for solo entrepreneurs, that is to say there will be only one owner for the company. In case there is more than one owner, you could look at setting up your company as a Limited Liability Company. The minimum number of shareholders required for a Limited Liability Company is two and the maximum number permitted is 50. In a Limited Liability Company, all the shareholders hold an equal stake in the company.
An experienced company formation expert can advise you on the best company structure for your business, keeping your business model in mind. He/She will also help you draw up the company formation documents that outline the name of the company, the reason for which it is being set up, and who the shareholder(s) is / are.
When selecting a name for your company, it is important to note that ideally, a Branch Office or a Representative Office must have the same name as the parent company. However, this may not always be possible owing to the name being registered earlier by another business entity. In such a case, your business setup consultant might suggest appending the term ‘Middle East’ to the parent company’s name to come up with a name for the Branch Office / Representative Office; one that can be registered.
Even otherwise, a business setup consultant can run a search to see if the name you have in mind is available. He/She can let you know of the rules pertaining to company nomenclature. For instance, religious names are not allowed. Terms like ‘Global’ and ‘International’ cannot be the first part of the company name. First names are permitted only if they are the first name of one of the shareholders. The names of countries are not allowed, but nationalities and geographical regions are allowed to be a part of the trade name.
Why Choose Us for
Company Formation in Sharjah?
We have years of experience helping set up companies on the mainland in the United Arab Emirates. We take care of all the paperwork, so that you don’t have to. This way, you can focus on doing what you do best – running your business.