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Sharjah

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Sharjah is the third largest and third most populous city in the United Arab Emirates, forming part of the Dubai-Sharjah-Ajman metropolitan area. The emirate of Sharjah borders with Dubai to the south, Ajman and Umm Al Quwain to the north and Ras Al Khaimah to the east. It is the only emirate that overlooks the coastline on the Persian Gulf to the west and the Gulf of Oman (Indian Ocean) to the East, with the eastern Sharjah coastal towns of Kalba and Khor Fakkan.

The city is a center for culture and industry, and alone contributes 7.4% of the GDP of the United Arab Emirates. The city covers an approximate area of 235 km² and has a population of over 800,000 (2008). The sale or consumption of alcoholic beverages is prohibited in the emirate of Sharjah without possession of an alcohol license and alcohol is not served in Sharjah hotels, restaurants, or other outlets due to the Muslim majority in the area. This has helped Sharjah increase the number of Islamic tourists who visit the country. Sharjah has been officially named as a WHO healthy city. The 2016 edition of QS Best Student Cities ranked Sharjah as the 68th best city in the world to be a university student. Sharjah is regarded as the cultural capital of the UAE and was the Islamic culture capital in 2014. Sharjah was named World Book Capital for 2019 by UNESCO.

Besides having Corniche beautifully situated in the middle of the city, there are modern shopping malls as well as traditional markets, museums & cultural centers which are a delight to the tourists. The peaceful hamlets of Khor Fakkan & Kalba are major attraction & provide a getaway from the hustle bustle of the city life.

Free Zones in Sharjah
  • Hamriyah Free Zone (HFZ)
  • Sharjah Airport International Free Zone (SAIF-Zone)

Frequently Asked Questions

Free Zone Companies are registered and listed with a Free Zone Authority (e.g DMCC). A DMCC Free Zone Company does not require you to have any Local UAE Citizen Partner and can be 100% owned by any foreign citizen and/or company.

 

DMCC Free Zone companies can be registered as an Individual, Branch, and/or Subsidiaries of Local UAE or Foreign Companies.

Yes, you can choose any name yourself. However, the registration will go through the DMCC Authority and Dubai Economic Department approvals.

The number of employees you can hire depends on the Office Space you lease. If you require more visas than the allocated number, additional fees are applicable. At Mayfair Executive Office, you get 3 Visas and 1 PIC per office, regardless of the size.

It is mandatory to acquire a facility upon issuance of the License. You can either rent or buy a Flexi Desk, Serviced Office, Physical Office, Retail Space and Warehouses or Open Land for Industrial Units.

Having an office facility is a mandatory. DMCC Free Zone companies are only allowed to have an Office Facility inside DMCC Free Zone in Jumeirah Lakes Towers (JLT).

DMCC provides three types of visas: employment visa, dependents residence visa, and business visit visa.

The amount of the Share Capital varies depending on the chosen activity. A minimum required Share Capital for a Service/Commercial Trading License is AED 50,000; and AED 1 Million for General Trading. This amount must be deposited in the company’s bank account and once Share Certificate is issued by the bank, money can be withdrawn thereafter.

Yes, you can and there is a wide variety of good banks to choose from.

Yes, you are allowed to trade locally and internationally but subject to the Rules and Regulations of DMCC Free Zone.

The documents and the company setup costs will depend on the activity chosen. To get a better idea about the costs involved, click here.

Company formation in DMCC has a minimum processing of 3-6 weeks. However, the speed of approvals will depend on the chosen activity, certification and attestation requirements.

Yes, Park Avenue Offices has a team of professionals well versed with the DMCC rules and regulations and will help you with all documentations and procedures.

 

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