The Benefits of Starting a Business in Sharjah

1. The Benefits of Starting a Business in Sharjah Sharjah, the capital of the Emirates of Sharjah, is the third largest city in the UAE after Dubai and Abu Dhabi. It has been renowned as a “Cultural Capital of the Arab World.” In the course of time, it has also made its appearance as an ideal destination for starting abusiness setup in Sharjah, as it provides ample benefits to companies, business owners, or investors. The capital consists of both free economic zones and mainland areas, because of which Sharjah fulfills the needs of entrepreneurs as well as investors. In this article, we’ll talk about the main reasons why acompany formation in Sharjahis beneficial to business owners across the globe and requires a simpler procedure to be followed. So, let’s start with this. Benefits of company formation in Sharjah 1.Ideal strategic location: Sharjah offers a great strategic location for business owners looking to expand their businesses in the Middle East, Africa andAsia. It provides a variety of modes of access to these markets due to its central coastal location. It provides excellent connectivity through air, sea and land to both the domestic and foreign

2. markets. Sharjah being the headquarters of Air-Arabia, which is the first low-cost airline and operates flights to the Middle East, Asia and Europe. The presence of a multi-purpose port, “Port Khalid,” in Sharjah, which links it to the commercial center of the UAE, adds to its benefits. The process ofcompany formation in Sharjahis quite beneficial, as Dubai International Airport is located in its vicinity. 2. Affordable cost of living: If you’re looking for a cost-effective destination in the UAE to reside as well as for your business setup, Sharjah can be your right choice. All the essential amenities, like accommodation, hospitals, schools, etc., are available here at reasonable prices. Whether you’re thinking of buying a house here or renting a place, both are accessible at modest costs. The transportation cost here is also cheap, which makes it ideal for those who wish to start abusiness setup in Sharjah. 3. Modest business setup options: Sharjah is an abode of six free zones, which are all located in close proximity to important transport centers in the emirates. Hamriyah Free Zone Authority (HFZA) in Sharjah is the second-largest free zone in the United Arab Emirates. The Sharjah Airport Free Zone, SAIF, is the most prominent among the free zones in Sharjah. SAIF offers pre-built office spaces ranging from small or medium sizes to spacious spaces, which makes it perfect for both startups or small businesses and multinational companies around the world. Also, the facility of virtual offices and shared offices provides great opportunities for entrepreneurs to start abusiness setup in Sharjah. 3. Government support: The government of the UAE is supportive not just of regional but also of foreign entrepreneurs and business owners. The government provides great support for them throughout their growth journey by providing a business-friendly environment. The initiatives taken by the government, like the formation of the Entrepreneurial Nation platform, government fund centers, etc., are of great help to them. Also, the EDB (Emirates Development Bank) provides the facilities of loans at low interest rates for entrepreneurs working in different fields like healthcare, industry, etc. For the mainland LLCs (Limited Liability Companies), the UAE government is responsible for licensing work and the ease of their functioning. SEF (Sharjah Entrepreneurship Festival), which is an annual festival,

3. offers a great opportunity to learn more about the process ofcompany formation in Sharjah. 4. 100 % Business Ownership: The benefit of 100% business ownership is available for foreign investors in Sharjah. It’s not just the mainland companies, but the free zone companies too enjoy the benefits of 100% ownership along with huge tax benefits, a variety of licensing options, and top-tier infrastructure. The business setup in Sharjah doesn’t require complex legal demands and is provided with ample time and resources for starting a new setup here. 5. Easy Access to skilled workers: Because of the various advantages, like accommodation and transportation, available at reasonable prices, Sharjah attracts a major mass of skilled workers. Also, there’s no limitation on business activities and visas here. Business owners or companies engaged in multiple business activities can hire talented workers around the world. The reasonable rental rates and low cost of living in Sharjah make it easier to hire labor at low wages, which adds to the benefits for business owners and companies. 6. A simpler way of currency regulations:

4. As compared to the other emirates of the UAE, Sharjah has relatively fewer restrictions on the usage of certain currencies. The other emirates have laws that restrict the usage of certain currencies there. It has proved to be a major hindrance to business prosperity and ease of transactions. However, Sharjah is free from such enforcement, which allows investors to conduct financial transactions easily. Conclusion: Sharjah provides a development-focused environment for businesses. Whether you’re an entrepreneur, an established business owner, or a MNC, it comes with everything you’ll need to have to launch abusiness setup in Sharjahwithstart any business Indiateam who have bestbusiness setup consultants in Dubai, UAE also. By figuring out all the benefits it provides in multiple respects, like the ideal strategic location, numerous free zones, ease of currency regulations, cost- efficient lifestyle, and many more, Sharjah can be your desired destination. I hope this article was helpful for you. Source Url: https://medium.com/@sabindia/the-benefits-of-starting-a- business-in-sharjah-ffb18ceba2e7