Sharjah is known as the cultural and literature hub of the United Arab Emirates. Having both an international airport and a seaport, the place has excellent connectivity with the world. It has investor-friendly policies and excellent infrastructure facilities that are of great benefit for establishing a business in the region.
Sharjah Mainland has become one of the most popular business destinations in the UAE because of its investor-friendly atmosphere. Companies have immense growth prospects in the region and a large number of expatriates and foreign investors are coming forward for company formation.
Sharjah Economic Development Department “SEDD” keeps track of businesses operating in the city of Sharjah and looks after matters pertaining to Sharjah license issuance, renewal, and winding.
Obtaining a business license is the first step in establishing a business firm in Sharjah. An application in the requisite format, along with necessary documents, has to be submitted to DED for initial approval. The business license required will depend on the type of business.
1. Professional License
This type of license is issued for setting up a professional firm. Artisans, architects, tutors, and similar professionals can seek a professional license. You need to submit the certificates and documents confirming your qualification to the authority. You may own 100% ownership in the professional firm, subject to conditions.
2. Commercial License
Are you planning to start a commercial enterprise? Will your business be involved in commercial activities? This includes buying, selling, general trading etcetera. Then, you require a commercial license. The Department of Economic Development (SDED) will issue a commercial license after a thorough scrutiny of the documents. After obtaining approvals from relevant ministries and departments.
3. Industrial License
The firms that manufacture, assemble, and mould products have to have industrials license. The license will be issued only after an analysis of the environmental and social effects of the manufacturing plant. Approvals from departments and ministries including the ministry of health, ministry of economy and commerce, public welfare department, and electrical and water authority will be mandatory depending on the type of industry you are planning.
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