Being a Business setup consultant for 11 years with BMS Auditing help me understand and help business to establish their business anywhere in UAE, particularly in the Free Zones of Sharjah.
Currently, Sharjah has 4 different free zones namely,
- Sharjah Media City Free Zone (SHAMS)
- Hamriyah Free Zone Authority (HFZA)
- Sharjah Airport International Free Zone (SAIF)
- Sharjah Publishing City (SPC)
Sharjah free zones are highly popular since they offer appealing features such as well-developed infrastructure and affordable rentals upon license issuing. Sharjah Free Zones in the UAE facilitate company creation while also providing 100% foreign ownership, tax breaks, and other business-friendly incentives.
Apart From this, the following are the major benefits of the Sharjah Free Zone in UAE,
- Total exemption from corporate or personal income taxes: Businesses in Sharjah Free Zone enjoy complete exemption from both corporate and personal income taxes, providing significant cost savings and enhancing profitability.
- 100% ownership for foreign investors: Foreign investors have the advantage of full ownership of their businesses within the Sharjah Free Zone, eliminating the need for local sponsorship or partnerships.
- Adaptable regulations: Sharjah Free Zone offers flexible regulations that can be tailored to meet the specific needs of businesses, allowing for smoother operations and ease of compliance.
- 100% exemption on imports and exports: Companies in Sharjah Free Zone benefit from a complete exemption on import and export duties, enabling seamless international trade without additional financial burdens.
- Investment security: Sharjah Free Zone provides a secure and stable investment environment, with robust legal frameworks and regulations that protect the rights and interests of investors.
- Affordable rates on leasing: The Free Zone offers competitive and cost-effective leasing rates for commercial and industrial spaces, making it an attractive option for businesses seeking affordable premises.
- Can accommodate onsite labor: Sharjah Free Zone allows for the presence of onsite labor, enabling businesses to efficiently manage their workforce within the designated premises.
- Eliminates currency barriers: Businesses operating in Sharjah Free Zone can transact in multiple currencies, eliminating currency barriers and facilitating international business transactions.
- Has local as well as foreign banks: The presence of both local and international banks in the Sharjah Free Zone offers businesses convenient access to a wide range of financial services and facilitates efficient banking operations.
- Easily access big ports and Sharjah International Airport: Located strategically, Sharjah Free Zone provides businesses with seamless access to major ports and Sharjah International Airport, facilitating efficient logistics and global connectivity.
Read more about the company setup process in Sharjah Free Zones.
Sharjah Free Zone Company Formation in UAE
You can also simply rely on the Best Business setup Consultants in UAE to establish your business in Sharjah Free Zone in UAE.
News From
Accounting and Audit Firm in...Category: Accounting Financial Software Services Profile: BMS Auditing is the best Accounting and Audit Firms in Dubai, UAE. Our services include Audit, Accounting, Bookkeeping, VAT and more.
