Business Setup In sharjah Offshore
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Business Setup In Sharjah Offshore
Sharjah Offshore is a popular pick for entrepreneurs and investors who want to set up a business outside the UAE mainland, offering them a favorable location to establish their company. The registration process is straightforward, with minimal bureaucratic hurdles, and the jurisdiction provides a high degree of privacy and confidentiality for company owners and directors.
Strategically situated between Europe and Asia, Sharjah Offshore offers convenient access to worldwide markets, making it a perfect hub for businesses aiming to grow in the Middle East and beyond.
Business Diaries can assist you through each process stage, helping you select the appropriate business structure and activity and securing the required licenses and permits.
Setting up a business in Sharjah Offshore can be a relatively straightforward process, as the Sharjah Offshore jurisdiction is designed to provide a simple and cost-effective way for entrepreneurs and investors to start a company outside of the UAE mainland. Here are the steps to follow:
Choose a business activity:
The first step is to decide on the business activity you want to pursue. Sharjah Offshore allows for various business activities, including trading, consultancy, and holding company activities.
Choose a company structure:
You can set up a company in Sharjah Offshore as a free zone, offshore company, or a branch of an existing company. Consider which structure best suits your needs.
Reserve a company name:
Please select a name for your business, and check that it’s available for registration. You can do this through the Sharjah Offshore website.
Submit Company registration documents:
To register your company, you must submit a set of documents, including
- a completed application form,
- your company’s articles of association, and
- a passport copy of the company’s shareholders and directors.
Obtain necessary licenses:
It’s essential to consider the nature of your business activities as they determine the licenses or permits you’ll need to secure. The Sharjah Offshore Authority will guide the licenses you need.
Obtain residency visas:
The type of company structure you choose may determine whether you and your employees are eligible for residency visas in the UAE.
Benefits Of Business Setup In Sharjah Offshore
Sharjah Offshore companies are not subject to corporate or personal income taxes, making it an attractive option for entrepreneurs to minimize their tax obligations.
Sharjah Offshore companies offer high confidentiality and privacy, ensuring that your business information is protected from third-party access.
Sharjah Offshore companies provide excellent asset protection, shielding your assets from any legal disputes or liabilities.
Access to global markets:
Sharjah Offshore is strategically located between Europe and Asia, making it an ideal hub for companies seeking expansion opportunities in the Middle East and beyond.
What is Sharjah Offshore?
Sharjah Offshore is a free zone jurisdiction in Emirate, UAE. It was established in 2003 to attract foreign investment and provide a tax-efficient business environment.
What's the timeframe for establishing a company in Sharjah Offshore?
The company setup process in Sharjah Offshore is quick and can be completed in days or weeks. It depends on the complexity of the company structure and activity.
What are the tax implications of setting up a company in Sharjah Offshore?
Sharjah Offshore is a tax-free jurisdiction where registered companies are not subject to corporate or personal income tax.