Certificate of incorporation Sharjah Explained

Certificate of incorporation Sharjah Explained

Acquiring a Certificate of Incorporation in Sharjah is a pivotal step for entrepreneurs aiming to establish their business presence within this culturally rich and economically vibrant emirate of the UAE. Sharjah offers a diverse economic landscape, making it an attractive destination for various business activities, from manufacturing and healthcare to education and technology. Below, we’ll outline the general process to obtain a Certificate of Incorporation in Sharjah, along with information on how to view a sample certificate for reference.

Overview Process and Costs Certificate of Incorporation in Sharjah

RequirementMainland JurisdictionFree Zone Jurisdiction
Initial Approval Application– Application form – Detailed business plan – Passport copies of all owners/shareholders– Application form – Comprehensive business plan – Passport copy of the owner(s)
Company Name Registration– Submission of preferred company names for approval, adhering to local naming conventions– Submission of preferred company name for approval, subject to Free Zone naming guidelines
Legal Documents Preparation– Drafting of Memorandum of Association (MOA) – Articles of Association (AOA), if applicable – Shareholder agreement and other legal documents as required– Drafting of MOA/AOA depending on company structure – Notarization may be required depending on the Free Zone
Office Space & Tenancy Contract– Proof of business address through tenancy contract or property ownership documents – Ejari registration (in Dubai) or equivalent in other emirates– Office space solutions vary by Free Zone (e.g., Flexi-desk, dedicated office, warehouse) – Lease agreement provided by the Free Zone authority
Submission of Documents & Payment of Fees– Complete document submission to the Department of Economic Development or equivalent – Payment includes: initial approval fee, MOA attestation fees, license fee, and other government charges– Document submission to the Free Zone Authority – Fees include: registration fee, license fee, Flexi-desk or office space fee, and other applicable Free Zone charges
Indicative Fee RangeAED 25,000 – 50,000+ (USD 6,800 – 13,600+) excluding annual rent and specific activity licensesAED 15,000 – 100,000+ (USD 4,100 – 27,200+) depending on the Free Zone, business activity, and office space requirements
Overview Process and Costs Certificate of Incorporation in Sharjah

Understanding the Certificate of Incorporation

A Certificate of Incorporation is a legal document issued by the Sharjah Economic Development Department (SEDD), signifying that a company is duly registered and recognized under UAE law. It’s the foundation upon which businesses build their operations, from banking and visa applications to contracts and commercial transactions.

Step-by-Step Guide to Obtaining Your Certificate

1. Choose Your Business Structure and Name:
Start by selecting the most appropriate legal form for your business, considering factors like ownership, scale, and type of activities. Next, pick a unique and relevant business name, adhering to SEDD guidelines to avoid any names that are already in use, misleading, or potentially offensive.

2. Apply for Initial Approval:
Submit an application for initial approval to the Sharjah Economic Development Department SEDD, including your business plan and copies of the passports of all shareholders or owners. This step is crucial as it preliminarily approves your business concept, name, and structure.

Step-by-Step Guide to Obtaining Your Certificate
Step-by-Step Guide to Obtaining Your Certificate

3. Draft and Notarize Your Legal Documents:
Prepare the Memorandum of Association (MOA) and, if applicable, the Articles of Association (AOA). These documents must be drafted according to UAE law and notarized by the relevant authorities. They detail the company’s operational framework, shareholder rights, and obligations.

4. Secure Your Business Location:
Identify and secure a physical location for your business. Whether it’s an office, retail space, or industrial unit, you’ll need to obtain a tenancy contract, which is a prerequisite for the final step of the registration process.

5. Final Submission and Payment of Fees:
With all the required documents in hand, including the initial approval, notarized MOA/AOA, and tenancy contract, submit your final application to the Sharjah Economic Development Department SEDD. This step also involves the payment of various fees, such as the license fee, registration fee, and any other charges specific to your business activity.

6. Receive Your Certificate of Incorporation:
Upon successful review and payment of all applicable fees, the SEDD will issue your Certificate of Incorporation along with your business license. This marks the completion of the registration process, and your business is now officially recognized in Sharjah.

Costs Involved

The total cost of obtaining a Certificate of Incorporation in Sharjah can vary widely depending on factors like business activity, location, and size. Generally, entrepreneurs should budget for:

  • Initial approval fee
  • License fee
  • Notarization fees
  • Office lease or rental costs

As a ballpark figure, costs can range from AED 15,000 to AED 30,000 or more, excluding office lease expenses. It’s advisable to consult directly with the SEDD or a professional business setup consultant for a detailed breakdown and the most current fee structure.

You Might Like to Read

Securing a Certificate of Incorporation is a critical step toward establishing your business presence in Sharjah. While the process might seem daunting at first, breaking it down into manageable steps can simplify your journey. Remember, meticulous preparation, from choosing your business name to drafting legal documents, is key to a smooth registration process. With your Certificate of Incorporation in hand, you’re ready to embark on your entrepreneurial journey in Sharjah, armed with legitimacy and boundless opportunities.

Obtaining a Certificate of Incorporation from various Free Zone Authorities in Sharjah.

Choosing the right Free Zone in Sharjah depends on your specific business needs, including the nature of the business activity, preferred office setup, budget, and long-term goals. The websites provided are a great starting point for research, and direct contact with the Free Zone authorities is recommended to get tailored advice and the latest fee structures. Each Free Zone has its customer service and business setup consultants who can provide detailed guidance and support throughout the incorporation process.

Free Zone AuthorityWebsiteIndicative Fee Range for Certificate of Incorporation
Sharjah Airport International Free Zone (SAIF Zone)SAIF Zone WebsiteStarting from AED 5,500 to AED 15,000+, depending on business activity and license type.
Hamriyah Free Zone Authority (HFZA)HFZA WebsiteStarting from AED 5,000 to AED 20,000+, depending on the package and business activity.
Sharjah Media City (Shams)Shams WebsiteStarting from AED 11,500 to AED 18,000+, varying with business activity and license options.
Sharjah Publishing City (SPC)SPC Free Zone WebsiteFees can vary widely; estimates start from AED 12,000 to AED 25,000+, depending on specific needs and services.
Sharjah Research Technology and Innovation Park (SRTIP)SRTIP WebsiteDetailed fee structures for incorporation are best obtained directly, as they tailor packages to tech and innovation-driven businesses.
Free Zone in Sharjah Fee Range for Certificate of Incorporation
Mainland and Free Zone Certificate of Incorporation in Sharjah
Mainland and Free Zone Certificate of Incorporation in Sharjah

FAQs on Mainland and Free Zone Certificate of Incorporation in Sharjah

1. What is a Certificate of Incorporation in Sharjah?
A Certificate of Incorporation is an official document issued by the Sharjah Economic Development Department (SEDD) for mainland companies or the respective Free Zone Authority for free zone companies. It signifies that a company has been legally established and is authorized to operate within Sharjah, UAE.

2. How does a Mainland Certificate of Incorporation differ from a Free Zone one?
The primary difference lies in the issuing authority and the operational scope. Mainland Certificates are issued by the z SEDD, allowing companies to operate anywhere in the UAE and internationally. Free Zone Certificates are issued by specific Free Zone Authorities, with companies typically restricted to operating within the Free Zone or internationally, but with benefits like 100% foreign ownership and tax exemptions.

3. What are the steps to obtain a Certificate of Incorporation in Sharjah Mainland?

  • Choose a business activity and name.
  • Apply for initial approval with the SEDD.
  • Draft and notarize legal documents like the MOA.
  • Secure an office location and obtain a tenancy contract.
  • Submit all documents and pay the necessary fees to the SEDD.
  • Receive your business license and Certificate of Incorporation.

4. What documents are needed for a Free Zone Certificate of Incorporation in Sharjah?

  • Application form and business plan.
  • Passport copy of the owner(s) or shareholders.
  • Company name approval.
  • MOA and/or AOA as required by the Free Zone.
  • Proof of business location within the Free Zone, if applicable.
  • Payment of the Free Zone’s specified fees.

5. Can I conduct business on the Sharjah mainland with a Free Zone Certificate of Incorporation?
Typically, Free Zone companies are restricted to doing business within their Free Zone or internationally. However, they can conduct business on the mainland through local distributors or service agents, or by opening a branch office, subject to additional approvals and licensing by the SEDD.

6. Are there any benefits to choosing a Free Zone over the Mainland for my business incorporation?
Free Zones offer several benefits, including 100% foreign ownership, full repatriation of profits and capital, no corporate or personal income taxes, and simplified startup processes. However, the choice should be based on your business needs, target market, and operational preferences.

7. What are the estimated costs for obtaining a Certificate of Incorporation in Sharjah?
Costs vary significantly depending on whether you’re setting up in a Free Zone or the Mainland, your business activity, office space requirements, and other factors. Generally, starting costs can range from AED 15,000 for a basic Free Zone setup to AED 30,000 or more for Mainland registration, excluding office lease costs.

8. How long does it take to obtain a Certificate of Incorporation in Sharjah?
The timeframe can vary but typically ranges from one week to a month, depending on the complexity of your business activity, how quickly you submit all required documents, and the specific procedures of the Mainland SEDD or Free Zone Authority.

9. Can I convert my Free Zone Certificate of Incorporation to a Mainland one?
Direct conversion is not possible; however, Free Zone companies can expand their operations to the Mainland by registering a branch or a new mainland company. This process involves obtaining additional licenses and approvals from the SEDD.

10. Who can help me with the process of obtaining a Certificate of Incorporation in Sharjah?
Professional business setup consultants, legal advisors, and the customer service centers of the SEDD or the relevant Free Zone Authority can provide guidance, support, and services to help streamline the incorporation process.

About Author

Related Post

Leave feedback about this