As one of the most developed and fastest-growing economies in MENA, it’s no surprise that many entrepreneurs are choosing to set up their businesses in Sharjah. This rich and diverse business ecosystem is a hotbed of talent, investment and entrepreneurship. In this article, we’ll take a deep dive into what makes Sharjah such an appealing destination for business owners, looking at the benefits, costs and step-by-step process for setting up. We’ll explore the following topics:
Sharjah is the third-most populated city in the UAE, after Dubai and Abu Dhabi. Its rich culture of entrepreneurship and innovation has come into the global spotlight in recent years, and today thousands of entrepreneurs are choosing to set up their businesses due to a wide range of benefits. These include:
Stronger economies make it easier for entrepreneurs to grow faster and attract the best talent. Global investors and entrepreneurs are drawn to the UAE’s thriving economy. In fact, in mid-2020, startups and SMEs accounted for 94% of all operating companies and contributed over 60% of the GDP.
Located in the heart of the Middle East, budding business owners can benefit from proximity to emerging markets, with easy access to Asia, Africa and Europe. Sharjah is also the only emirate with access to ports in the Arabian Gulf’s eastern and western coasts and the Indian Ocean, as well as direct connections to North Africa.
Sharjah is committed to supporting startups. The National Agenda for Entrepreneurship offers a wide range of initiatives and incentive packages to startups and locally incubated unicorns established in the region.
Sharjah boasts one of the most inclusive, diverse eco-systems in the UAE with nearly 50% of startups registered as female-led.
Sharjah is a hub for talent, which makes it easier to attract the best. It’s home to top-ranking higher education institutions and over 30,000 students. Entrepreneurial skills are incorporated into their curriculum, ensuring that graduates are well-prepared to contribute to the startup scene.
Entrepreneurs can maximise their earnings from the get-go in Sharjah, with 0% corporate and personal income taxes and low upfront capital investments.
There are four types of licences available in Sharjah:
E-commerce licences enable entrepreneurs to set up online businesses. It means they can buy and sell goods through their own websites or through online portals, such as Amazon. This is a popular option for those looking to leverage a booming e-commerce market in the UAE.
Service licences allow entrepreneurs to set up businesses without tangible assets, such as consulting, project management and legal services. There is a wide range of business activities to choose from, including accounting, business setup, education, HR, immigration, marketing, and more. To apply for a service licence, you will need to have experience and knowledge of the relevant industry.
Commercial licences enable entrepreneurs to trade and sell specific goods and services in the UAE, export and sell outside the UAE or trade solely within the UAE.
General trading licences allow entrepreneurs to export, re-export, import and trade any number of unrelated goods under one licence. So, this means that you could choose to trade in everything from food to furniture. Some specific commodities are not permitted, including tobacco, oil and goods that do not meet health and safety requirements.
As with all the UAE’s free zones, it’s important to make sure you acquire the correct licence before launching your business. Failure to do so could result in heavy penalties and loss of credibility in the market.
Setting up a company in Sharjah is a relatively straightforward process that can be broken down into three simple steps:
Step 1: Submit your application
First, you’ll need to select your business activity and choose your company name. The UAE has strict naming conventions, so make sure it isn’t already registered and avoid using blasphemous or obscene language. If your initial application is approved, the Sharjah authorities will issue your licence in less than two hours.
Step 2: E-channel services and entry permit
To help speed up business setup in Sharjah, the local authorities have introduced e-channel services. This online portal removes unnecessary paperwork and makes it easier for you to obtain your entry permit. Once your entry permit has been issued, you can stay in the region for up to 60 days.
Step 3: Status change
The final stage involves activating your status change. You can do this in-country or by exiting and re-entering Sharjah, depending on your country of origin. Then, you’ll need to undergo medical tests to apply for your Emirates ID card. This ID card will allow you to open a bank account, take out contracts and rent a property.
The cost to register a company in Sharjah starts at AED 5,750. However, you’ll need to factor in additional costs too, such as multi-year licences, types of business activities and visa quotas. If you require offices, warehouse premises or storage spaces, you will need to pay for these too.
Interested in finding out exactly how much it costs to register a company in Sharjah?
Reach out to our business advisors at SPC Free Zone for an accurate quote tailored to your specific situation and requirements.
Our team are experts in company formation in Sharjah. SPC Free Zone offers
fast and flexible business setup in the UAE, conveniently located in the heart of the emirate. Entrepreneurs can benefit from unrivalled connectivity, just 15 minutes from Dubai International Airport and seven minutes from Sharjah International Airport.
Our offices also offer immigration services on-site, which means you can get company documents issued within a day and a licence issued in under two hours. What’s more, you can choose from more than 1,500 business activities and maximise your profits with 0% corporate and personal income tax, zero paid-up share capital and a whole host of more affordable setup packages. SPC Free Zone also offers up to 20 visas under one licence and a dual-licence option that offers both mainland and free zone on the same licence.
Ready to get started with company formation in Sharjah? SPC Free Zone is ready to help you make it happen.
#RegisterCompanySharjah #CompanyFormationUAE #SPCFreeZone
Over the past three years, the spare parts industry has undergone a significant transformation. In the wake of Covid-19, many spare parts business owners have needed to adapt in order to gain a competitive edge and are looking to more lucrative markets, such as the UAE, to grow their businesses. Entrepreneurs looking to start up a spare parts business with the best chance of success are turning to the region, too.
In this article, we’ll discuss the opportunities, legal requirements and setup process for launching a spare parts business in the UAE. We’ll explore the following topics:
The spare parts industry can be a lucrative space to move into anywhere in the world, but particularly so in the UAE. The region is a leading supplier of spare parts for Iran, India, Africa and eastern Europe. It is also the second-largest automotive market in the Gulf Cooperation Council (GCC), with notably high demand for parts such as radiators, exhausts and electrical components. This, coupled with a rapidly growing population and ongoing construction development, means this market is only set to get stronger too.
As rising inflation and interest rates slow down the automotive industry, demand for spare parts will grow too. Reconstruction and personalisation is already rising in popularity in the UAE, particularly amongst younger generations. The government is also committed to investing in the latest technologies, like 3D printing. As this develops and demand increases, business owners based in the UAE will be able to optimise their production line to produce more for less.
To start a spare parts business in the UAE, you’ll need to complete several steps. We’ve broken down the process into four simple stages to give you an idea of what to expect.
Stage 1: Pick your business name and register your company
First, you’ll need to choose your company trade name. Make sure this adheres to the UAE’s specific trading requirements and does not include any blasphemous or offensive language. Once you’ve selected your trade name, you can submit an approval form. If the authorities approve this, you can receive your licence in under two hours.
Stage 2: Sign up for e-channel services
To help speed up the business setup process, the UAE has introduced an e-channel service. This online system requires minimal paperwork and enables you to get your entry permit faster. Your entry permit is a temporary visa and is valid for 60 days.
Stage 3: Change of visa status and Emirates ID
After you’ve received your entry permit, you’ll be able to update your visa. Depending on where you are from, you can do this in-country or by briefly exiting and re-entering the country. Then, you’ll need to take a medical test, which involves X-rays, blood tests and other relevant check-ups. Once you’ve passed this, you can apply for your Emirates ID card.
Stage 4: Open your bank account and rent a property
As soon as you receive your Emirates ID card, you’ll legally be able to open a corporate bank account, rent a property and sign leases, and take out phone contracts in the UAE.
Applying for a spare parts business licence and setting up your business in the UAE isn’t exactly rocket science, but it does require some careful planning and knowledge of the specific legal and local business requirements of the market. Working with SPC Free Zone makes the process much more straightforward and can help speed up each stage, too. For more information about setting up your spare parts business in the UAE, reach out to us today.
Entrepreneurs who set up a spare parts business in the UAE are in a better position to maximise their profits by leveraging a wide range of strategic, legislative and business-friendly advantages, including:
The UAE boasts one of the most convenient locations for spare parts businesses in the world. Located in the heart of the Middle East, entrepreneurs have Asian, African and European markets at their fingertips. It’s also home to some of the world’s busiest seaports, and one of the busiest airports in the world. That offers up a rich pool of import and export opportunities.
The government has identified the manufacturing industry as one of the region’s most promising markets. Along with friendly government policies, manufacturing is also becoming more localised as supply chains and global value chains are regionalised.
The UAE’s automotive market has recorded the highest demand in the past five years. This applies to all cars too, whether you’re looking for a run-around or luxury model. Many UAE car buyers are now willing to pay a premium for spare parts. Modifications and personalisation to cars are in high demand, too.
In free zones like SPC Free Zone, you can benefit from 100% ownership, 100% repatriation of profits, zero paid-up capital and 0% corporate and income tax.
Owning a lucrative spare parts business enables you to make the most of the UAE’s famously high living standards. From world-class restaurants and brilliant beaches to first-rate infrastructure and healthcare, entrepreneurs can live a life of luxury for a fraction of the cost of that in other highly-developed cities.
The cost of a spare parts business licence in the UAE is around AED 6,000. However, you’ll need to price in other factors to the total cost, such as warehouse and facilities, logistics expenses, visas, legal fees and more.
SPC Free Zone offers some of the most affordable and comprehensive business setup packages in the UAE and its free zones. For a bespoke quote tailored to your specific business needs, reach out to us today.
SPC Free Zone offers fast, affordable and flexible business setup in the UAE. Conveniently located in the heart of Sharjah, SPC Free Zone is located just 15 minutes from Dubai International Airport and seven minutes from Sharjah International Airport. With immigration services on-site, business owners can get company documents issued within a day and a licence issued in under two hours.
With SPC Free Zone, you can choose from over 1,500 business activities, get up to 20 visas under one licence and select a dual-licence option that offers both mainland and free zone on the same licence. We can help you maximise your profits with 0% corporate and personal income tax, zero paid-up share capital and a whole host of more affordable setup packages.
Interested in learning more about setting up a spare parts business in the UAE? Get in touch with our friendly advisors today.
#SparePartsBusiness #BusinessSetupInTheUAE #SPCFreeZone
The UAE is one of the most business-friendly countries in the world, so it follows that it offers a variety of business setup options for budding entrepreneurs. As well as deciding whether you want to set up on the mainland or in one of the UAE’s free zones, you’ll need to decide on a specific business entity. In this article, we’ll explore one of the most common business entities in the UAE – the sole establishment. We’ll dive into the benefits and setup process while covering the following topics:
Sole establishment (also described as sole proprietorship) means that one individual owns the business entity with a trade licence issued in his or her name. This means that, unlike other business entities offered in the UAE, a company or corporate body cannot own the business. This individual becomes personally liable for business activities. That means creditors can claim personal assets to compensate for company debts, too.
You can form a sole establishment in the UAE regardless of whether you are a UAE, Gulf Cooperation Council (GCC) or foreign national. However, you will need to meet specific criteria and conditions to have the greatest chance of success.
When it comes to sole proprietorship, UAE nationals and GCC nationals have more options. They can form any type of sole establishment in most fields, including trading, import-export, real estate development, industrial and professional services. They can also set up consultancies covering a range of different business activities.
Foreign nationals applying for sole proprietorship can only acquire a professional licence. For instance, if you wanted to get sole establishment in the UAE as a foreign national, you would need to offer professional services, such as consulting, IT, legal, engineering and marketing. You would not be eligible to do business in import-export, trading or real estate development.
In order to secure sole proprietorship, UAE laws require foreign nationals to appoint a Local Service Agent to liaise between company and government entities. This can either be an individual or a company. This is an important step and we recommend working with a reputable business. Our market-leading, friendly business advisors at SPC Free Zone have helped countless individuals secure their sole proprietorship.
While sole proprietorship might look more limiting for foreign nationals at first glance, it offers considerable opportunities and advantages too, including:
Foreign professionals can retain 100% ownership of their business without shareholders, enabling total control of business operations.
Business owners retain 100% of their profits.
Setting up a sole establishment involves lower startup costs and no business capital requirements, making it a more affordable option for entrepreneurs.
The business setup process for sole establishment is easier and quicker to set up than you think.
The business can legally practise professional service anywhere in the UAE. There are no restrictions on office premises locations either.
That said, securing sole proprietorship is not without its challenges and disadvantages, such as:
A sole proprietor of the business is personally liable for business debts. The company is inseparable from the individual.
Unlike a free zone company, sole establishment requires office space to incorporate the company. Virtual offices are not recognised by the Department of Economic Development (DED).
While you’re unlikely to be thinking about selling your business before you’ve even started it, you may need to consider this in the future. The sale of sole establishment also means the sale of debt.
Sole establishment and Limited Liability Company (LLC) are two popular business entities in the UAE, although there are a few important differences between them.
The key difference between the two entities is that sole establishments can only be owned by one person, but LCCs must be owned by several individuals and corporate bodies. An individual cannot own an LLC. Unlike sole establishment, LLC business owners are not personally responsible for business debts and liabilities. Instead, liability is limited to the shareholder’s investment in the company’s capital.
LLCs also need to be careful about mixing business and personal accounts, ensuring that you keep funds and banking records separated. Any violation of this can result in you losing your limited liability protection.
However, like sole establishment, there are no minimum share capital requirements for LLCs. LLCs are also able to obtain a number of visas without restrictions and can purchase real estate without restrictions.
Setting up a sole establishment is easier and faster than you think, providing you jump through the right hoops and have all of your documents in order.
Step 1: Initial approval
The DED needs to first acknowledge that they have no objection to your business. Once this is approved, you’ll need to submit three trade name options, of which at least one must be approved to progress to the next stage.
Step 2: Local Service Agent agreement
Once the DED has acknowledged your intent and approved your trade name, you can sign an agreement with a Local Service Agent (LSA).
Step 3: Office space
As already discussed, all sole establishments legally require an office space. Once you’ve secured your desired space, you must submit the tenancy contract.
Step 4: Additional approvals
Depending on your specific circumstances, there may be additional approvals required.
Step 5: Make your payment
When everything is approved, you will receive a payment voucher to make your payment. Then, you’ll be able to collect your licence for your sole establishment.
While the steps for securing sole proprietorship are straightforward, it pays to have support from those who are closer to the system. With support from SPC Free Zone, you can tap into a wealth of market, industry and legal knowledge.
Looking for fast and flexible business setup in the UAE? SPC Free Zone offers quick, convenient and competitively priced business support located in the heart of Sharjah. With immigration services onsite, you can get your licence issued in just two hours. We also offer a dual licence business option that offers both mainland and free zone on the same business. Plus, you can benefit from a choice of over 1,500 business activities, up to 20 visas under one trade license and 100% foreign ownership with zero paid-up capital.
If you’re looking to start a business, get in touch with SPC Free Zone’s market-leading experts today.
#sole-establishment #sole-proprietorship #spc-free-zone
Interested in starting and scaling an Amazon business? In this article, we’ll take a deep dive into selling on Amazon in the UAE to discover how it works, what you will need to start up and how you can build a business from scratch. We will cover the following topics:
The benefits of selling on Amazon UAE are numerous. As one of the world’s leading global retailers, the site boasts unrivalled traffic. And while competition is increasing on Amazon, demand for online shopping is rocketing. In fact, around 65% of UAE residents cite Amazon as their preferred retail outlet. Other benefits and advantages include:
Amazon offers an easy access point for aspiring entrepreneurs who don’t have much capital from the outset. Listing fees are comparatively low and you won’t need to start paying until something sells. Plus, Amazon also has an active market for second-hand and refurbished items.
When it comes to online shopping, Amazon is most people’s first port of call. That means millions of potential customers – and sales.
One of the hardest things about starting a new business is establishing a reputation for yourself. Without testimonials, it’s hard to get the products to speak for themselves. Amazon is a highly trusted global brand. You can tap into this reputation and reap the rewards for your own business.
Amazon’s global reach can help you ramp up your brand identity. You can get millions of eyes on your products, without having to pour capital and resources into marketing strategies.
With Amazon, your business can grow without soaring infrastructure costs.
When you set up an Amazon business, you can benefit from Fulfilment By Amazon (FBA) too. That means Amazon picks, packs and ships your products directly from their warehouse. That saves you the hassle of shipping logistics and it also means you can offer Prime shipping to higher spenders.
Payment options include credit cards, bank transfers, e-wallets, direct debit, and more. Plus, Amazon offers fraud protection.
To open an Amazon UAE seller account, you’ll need to ensure you’ve completed the required documents required by both Amazon and your free zone. These include:
One of the first things you will need to do when opening an Amazon UAE account is to decide on a name. Remember that the UAE has strict company naming criteria, with restrictions on blasphemous, offensive and obscene language.
Amazon requires all sellers to provide their contact details, including their legal names. This won’t be made public, though your contact information will be used by customers and Amazon to reach you directly.
To operate an e-commerce business in the UAE, you are required to obtain an e-commerce licence.
Foreigners living in the UAE need a valid visa to sell on Amazon.
Amazon will use this bank account to send you the proceeds of your sales, usually every 14 days. Once you have a valid e-commerce licence and visa, you can open a corporate bank account in the UAE.
Amazon requires a valid address as proof of identity. They will need to verify this to set up your account.
Amazon also requires a valid phone number as proof of identity. You can sign up for a phone contract once you have a national ID in the UAE.
You will need to provide legal proof of identity issued by your government.
The steps to getting an e-commerce licence in the UAE are relatively simple, providing you have the right documents in order. At SPC Free Zone, our business advisors can guide you through each of the steps below:
Step 1: Submit documents and wait for approval
Once approved, you’ll receive your e-commerce licence in less than two hours
Step 2: Immigration card and e-channel application are issued
You’ll receive a temporary visa, which is usually valid for 60 days
Step 3: Entry permit and status change
Authorities will activate your status change once you’ve received your entry permit.
The cost of an e-commerce licence to sell on Amazon UAE starts at AED 5,750. However, you’ll need to take into account a variety of different factors too, such as whether you’ll need office space, resident visas and other facility requirements. For a free and accurate quote tailored to your specific circumstances, reach out to our team at SPC Free Zone.
Once you’ve got your documents in order, setting up an Amazon UAE seller account is simple. We’ve broken the process down into five simple steps:
Step 1: Visit www.services.amazon.ae
Step 2: Sign up
Step 3: Enter your name, email and password, then submit
Step 4: Add your business information
Step 5: Upload the required documents for verification
Once you’ve submitted your application, you’ll need to wait for Amazon UAE to approve your account. This can take between 24 hours and several weeks. Once Amazon approves your account, you can start selling.
Yes, in most cases it is legal to sell on Amazon in the UAE. However, in order to trade online in the region, you will need to obtain an e-commerce licence. You can apply for both mainland and free zone e-commerce licences, though free zone licences are often better suited due to tax incentives and fewer currency restrictions.
No, you cannot sell on Amazon in the UAE without a valid e-commerce licence. Failing to obtain one could result in administrative and financial penalties, as laid out in Article 335 of the Commercial Companies Law (CCL).
Located in the heart of Sharjah with immigration services onsite, SPC Free Zone offers convenient, competitive and flexible business setup in the UAE. Choose from over 1,500 business activities and get your licence issued in just two hours. You’ll also benefit from a whole string of benefits, including up to 20 visas under one trade licence, 100% foreign ownership with zero-paid up capital, and a dual licence option that offers both mainland and free zone on the same licence.
To expand your Amazon e-commerce business in the UAE, get in touch with our market-leading experts to learn more.
#amazonuae #e-commerce #spcfz
Every year, thousands of aspiring entrepreneurs launch a successful startup business in the UAE. Boasting one of the world’s largest and most diverse economies, this cosmopolitan and well-connected region consistently ranks highly in terms of ‘ease of doing business’. There are now 330,000 businesses registered across the mainland and its 45 free zones. And, with the introduction of the ‘Fifty Economic Plan’ – an economic framework dedicated to stimulating entrepreneurship and small to medium businesses – this is only set to grow in the next few years.
In this article, we’ll explore everything you need to know about starting a business in the UAE, including the process of building a business from scratch, legal requirements and the benefits of opening a business here. We will cover the following topics:
The steps to starting a business in the UAE can be broken down into three stages. In brief, these are:
The first step is the most complicated part of the process. First, you’ll need to determine the legal entity of your business, depending on the number of shareholders involved. The options are Free Zone Limited Liability Company (FZ LLC), Free Zone Company (FZ Co.) or Free Zone Establishment (FZE). Then, you’ll choose a trading name. Your chosen free zone will be able to confirm whether the name has already been registered. Then, you’ll apply for your business licence with the relevant paperwork. If this is approved, you’ll receive your license from SPC Free Zone in under two hours.
The next step involves setting up your e-channel services. This handy online system removes unnecessary paperwork and speeds up the application process. Once you have registered, you will be able to apply for your entry permit.
The third step concerns your entry permit. This temporary visa is usually valid for up to 60 days. Once you have received it, you can activate your status change in-country or by exiting and re-entering the UAE, depending on your nationality. Then, you’ll need to take a medical test. Once you’ve received the results, you can apply for your Emirates ID card.
As you can see, the steps for setting up a business in the UAE are relatively straightforward. However, you will need to ensure your paperwork is in order to avoid any unnecessary holdups. SPC Free Zone can help ensure that setting up your business in the UAE is as quick and pain-free as possible.
It costs as little as AED 5,750 to start a small business in the UAE. With comparatively low upfront costs, starting a business in the UAE is highly profitable. However, there are other startup costs to consider too. Understanding the costs of a business startup is crucial to success.
For instance, could you start your business with a smart desk or will you require an office unit? If you are trading in goods, will you need to consider suitable warehouse and storage units? Do you require a visa as a foreign national and will you employ individuals who will require one too? Have you taken into account notarization changes, medical checks and Emirates ID costs? What about requirements regarding capital investments? Keep in mind that prices for each of these vary considerably between free zones too.
At SPC Free Zone, we know that every business is different, which is why we offer a free, bespoke quotation to our clients. For an accurate estimation of how much it will cost to set up your small business in the UAE, get in touch with our friendly team of business advisors today.
Yes, it is easy to start a business in the UAE and it offers a whole string of benefits for growing businesses too, including:
The UAE’s pro-business government is committed to providing world-class facilities, incentives and security for foreign investors. Legislation is constantly evolving to increase opportunities and make it easier for entrepreneurs and startups to expand too.
Unlike most countries, Dubai offers total exemption from income, corporate and personal tax. While VAT does apply to specific business activities, total rates are significantly lower than elsewhere in the region. Plus, businesses operating in free zones can benefit from 100% ownership with zero paid-up capital.
Setting up a business in the UAE is now easier than ever, with help from business advisors in free zones like SPC Free Zone. Setting up your business requires less paperwork and can be broken down into easy-to-follow stages too.
The UAE boasts some of the most advanced digital infrastructure in the world, with world-leading internet connectivity.
The UAE leads in healthcare, education, real estate and recreational activities. It’s also one of the safest places to live in the world, with comparatively low crime rates.
The UAE serves as the gateway to both east and west, with easy access to Africa, Asia and Europe. The region’s centralised time zone makes it easier to do international business and coordinate trading activities too. The UAE also boasts one of the world’s busiest airports, a highly efficient railway network and dozens of high-speed highway interchanges.
The UAE attracts a skilled and effective workforce, and it also proactively identifies human capital needs at a competitive cost. It has a high number of expat workers at all levels of the economy, accounting for over 80% of the workforce.
SPC Free Zone is one of the best free zones in the UAE for a number of reasons, including:
SPC Free Zone is located in the heart of Sharjah with immigration services on site.
You can get your licence issued in just two hours.
SPC Free Zone offers affordable packages for a range of businesses, with up to 20 visas under one trade licence.
You can choose from over 1,500 business activities, with 100% foreign ownership, zero paid-up capital and a dual licence option that offers both mainland and free zone on the same licence.
Interested in setting up a business in the UAE? Get in touch with SPC Free Zone to kickstart your road to success.
#uaebusinesssetup #spcfz #startingabusiness
When most people think of business in the UAE, they think of Dubai. However, it is far from all the UAE has to offer.
Bordering Dubai is the emirate of Sharjah, offering lots of the same benefits along with its own unique culture and customs. In this article, I’ll explore the many great reasons to set up here, including:
To get a business licence in Sharjah, you need to carry out the following three-step process.
Step 1: Submit documents and the application and receive the trade licence in two hours
When in SPC Free Zone, you can submit your documents online and receive your trade licence in just two hours.
You will need to submit your completed application form, including details of your chosen trade name. It helps to choose several potential company names in order of preference in case your first option has already been registered by another business. SPC Free Zone can help you with this step.
On top of this, you will be asked to upload some or all of the following documents:
Step 2: Register for e-channel and receive immigration card
With the first important step out of the way, you can now register for e-channel services and apply for your immigration card.
Step 3: Visa processing
With your immigration card in hand, you can now apply for an entry permit. This allows you stay in the UAE for up to 60 days. You are free to leave and return during this period but it is advised against as it can cause issues with your immigration file.
Another part of the visa process is the medical. This involves biometric scanning, a chest x-ray and a blood test. At this stage, you can also apply for your Emirates ID which allows you to access vital services in the country.
Starting a business in Sharjah can cost anywhere between AED 5,000 and AED 30,000+ depending on your requirements. Many factors will play a part in the total cost, from the type of facilities you require to how many employees you have.
To get an accurate and bespoke quotation, get in touch with SPC Free Zone.
The three types of business licence in Sharjah are commercial, industrial and professional. Each licence allows the holder to carry out business activities with an umbrella of related industries.
As you might expect, the professional licence covers professional services, the commercial licence covers trading and other commercial activity, and the industrial licence covers manufacturing and other industrial activities.
Sharjah offers entrepreneurs many incredible benefits. Just minutes from Dubai, it offers direct links by land, sea and air with every corner of the globe. Whether trading internally in the UAE or further afield in Africa, Asia and Europe, Sharjah makes for a great base.
Its international airport flies direct to the Middle East, Asia and Europe, while its ports on both the Gulf of Oman and Persian Gulf are a dream for cargo and import/export businesses. Such is the emirate’s incredible infrastructure that it is dubbed the industrial hub of the UAE.
A fast-growing emirate – its population has almost doubled in the last ten years – Sharjah offers incredible opportunities to business owners, such as low cost labour and licensing. Of course, the emirate also offers all of the incredible advantages of working in the UAE. These include an open and welcoming business environment and a 0% tax rate on both corporate and personal income. VAT also remains low at a flat 5%.
When you set up anywhere in the UAE, you’ll also benefit from the nation’s fast, affordable and time-tested company formation and immigration processes.
SPC Free Zone makes business setup in the UAE easy. Start up here and you can receive your trade licence in under two hours. You can also choose from over 1,500 business activities and apply for up to 20 visas under a single trade licence.
The free zone offers 100% foreign ownership in all cases, zero paid-up share capital, on-site immigration services, and dual mainland and free zone licence options – all conveniently located right in the heart of Sharjah.
Want to know more? Get in touch on 800 SPCFZ (77239) or 00971 800 SPCFZ (77239).
#businesslicensesharjah #businesssetupintheuae #spcfreezone
Want to get selling in the world of e-commerce but are lacking in inventory and capital? Dropshipping could be for you. In this article, we will explore everything you need to know about this simple and rewarding business model, including how it works, what you will need and how much it will cost. We will cover the following topics:
It’s no secret that the e-commerce market has exploded in the UAE in the past few years. Combining an unrivalled location, unparalleled infrastructure and a whole host of tax incentives for burgeoning businesses, it’s little wonder why the region is becoming a destination of choice for dropshipping. Those looking to set up a dropshipping business are poised to capture the UAE’s many market opportunities, such as:
The UAE is one of the most digital-friendly countries in the world. Almost 100% of the population is online and uses the internet for browsing, shopping and social media. What’s more, according to reports published by EZDubai and Euromonitor International, 75% of UAE consumers prefer e-commerce.
The pandemic accelerated e-commerce across the globe, and nowhere more so than in the UAE. The UAE e-commerce market is expected to grow to USD 8 billion by 2025. That’s a huge pool of captive customers for dropshipping businesses to tap into.
The UAE offers a string of tax incentives and tax holidays that can help dropshipping entrepreneurs increase their profit margins. Dropshipping businesses only need to worry about VAT. In the UAE, they are not subject to income tax, property tax or corporate taxes.
Boasting a strategic location between Asia and Europe, the UAE is the ideal base for conducting business between East and West. Home to the world’s busiest airport (Dubai International Airport), a highly efficient railway network and an array of highway interchanges, you can ensure products are delivered to customers on time, every time.
Dropshipping is a retail strategy that enables entrepreneurs to capitalise on the booming e-commerce market with little to no upfront investment. Essentially, a dropshipping business purchases products from a third-party supplier or wholesaler as customers make an order. The third-party supplier takes care of shipping and logistics, while the dropseller only needs to worry about sourcing products for the best value, attracting customers and driving the highest profit margins.
The process can be broken down into the following simple steps:
Step 1: The shopper places an order on your dropshipping website
Step 2: You process the order and forward it to your supplier
Step 3: Your supplier receives the order
Step 4: Your supplier ships the order
Step 5: Your customer receives the products
Let’s dive into a few of the advantages of starting up a dropshipping business.
You don’t need business experience or capital to get going.
The wholesaler takes care of inventory and you can run the business from anywhere.
Infrastructure costs don’t accelerate as you grow and you can adjust your strategy as you go.
Without soaring infrastructure costs, you can allocate more budget to attracting new customers, in turn growing your business.
Setting up a dropshipping business in the UAE is easier than you think, providing you’ve jumped through the right hoops. We’ve broken down the process of starting a dropshipping business in the UAE into four simple steps:
Step 1: Decide what you will sell
Pick your niche. To drive the biggest profit margins and ensure greater business success, sell unique products that target a specific demographic. This will require extensive research, but spending a little more time at this stage will pay off in the end. Explore the competition and work out what your customers are looking for. After all, if they can find it in a shopping mall, why would they come to you?
Step 2: Select your sources
Spend time researching wholesalers that offer the best value products. Making savings here can drive higher margins. You don’t need to limit yourself to one supplier either, as many dropshipping businesses work with multiple suppliers. As well as seeking out value, you should also make sure your suppliers are reliable. They are ultimately responsible for inventory and shipping, and if these are found lacking your reputation and customer base will suffer.
Step 3: Choose where to sell your products
When it comes to selling, you have two options: online and social media. There are a wide variety of e-commerce platforms available, such as Shopify and Alibaba. However, it’s important to choose one that aligns with your goals. How comprehensive are the platform’s capabilities? How much visibility will your platform get? Is the platform user-friendly? These are all questions that you should be asking throughout the process.
Step 4: Address legal requirements
To launch your business, you’ll need to settle up a few legal issues, such as business licences and taxes. You should also ensure that your suppliers meet specific criteria to ensure you avoid common issues, such as counterfeit.
There’s no need to do it all alone, though. Our friendly business advisors can help you navigate setting up a dropshipping business in SPC Free Zone to ensure a seamless start to success.
Do I need a licence to start a dropshipping business in the UAE?
Yes, all dropshipping businesses in the UAE require an e-trader licence.
Cost of starting a dropshipping business in the UAE
The cost of starting a dropshipping business in the UAE starts from AED 5,750. However, there are numerous considerations you will need to take into account when starting your dropshipping business, such as visa requirements and office space.
At SPC Free Zone, you can start a dropshipping business in the UAE for as little as AED 5,750. This setup package includes coworking spaces with no visa. If you wish to add visas, the price rises to AED 9,250.
Is dropshipping legal in the UAE?
Yes, dropshipping is legal in the UAE but according to Article 6 of 2011, you will need to obtain a trade licence to set up your business legally. Without this, you will be liable for financial (and administrative) penalties under Article 335 of the Commercial Companies Law (CCL).
Why chose SPC Free Zone?
SPC Free Zone offers quick and flexible business setup in the UAE. Located in the heart of Sharjah with immigration services onsite, entrepreneurs can receive their e-commerce license UAE in just two hours. Choose from over 1,500 business activities with up to 20 visas under one trade licence. Expand your business with competitive incentives such as 100% foreign ownership with zero paid-up capital and a dual licence option that offers both mainland and free zone on the same licence. Build a business that thrives, with help from our business advisors.
Interested in starting and expanding your dropshipping business in the UAE? Get in touch with SPC Free Zone to find out more.
#dropshippinguae #businesssetupindubai #spcfz
Press ReleaseMarch 7, 2022UNITED ARAB EMIRATESOMANCULTURE
Muscat: As part of its mission to reinforce Sharjah’s cultural ties with the region and the wider Arab world, the Sharjah Book Authority (SBA) participated in the 26th Muscat International Book Fair, where 715 publishers from 27 countries exhibited their publications.
At the SBA pavilion, visitors and guests of the book fair were introduced to Sharjah’s cultural project, and to the ongoing efforts of SBA in enriching the publishing industry through innovative initiatives and hosting of international events including the Sharjah International Book Fair (SIBF) and Sharjah Children’s Reading Festival (SCRF). SBA also showcased the facilities and extensive range of business support services offered by the Sharjah Publishing City Free Zone (SPC Free Zone), and the vital support offered to publishers, translators, and content creators by the Sharjah International Literary Agency (SILA).
During the book fair, HE Ahmed bin Rakkad Al Ameri, Chairman of SBA, received His Highness Sayyid Theyazin bin Haitham Al Said, Minister of Culture, Sports and Youth in Oman, and a delegation of high ranking Omani officials and cultural figures to the SBA pavilion. The SBA Chairman presented the Minister with a copy of His Highness the Ruler of Sharjah’s newly published ‘The History of Al Ya’ariba in Oman’ and ‘Friendship and Trade Treaty between the King of Portugal and the Sultan of Zanzibar in 1879 AD’’.
The Omani Minister lauded the keen interest and efforts of the Ruler of Sharjah in documenting the history of the region to preserve it for the benefit of future generations.
During the book fair, HE Al Ameri also met with HE Sayyid Said bin Sultan al Busaidi, Undersecretary of the Ministry of Culture, Sports and Youth, to discuss cooperation opportunities to support the publishing industry and draw attention to the outstanding literary output of the two countries at international events and exhibitions.
Commenting on SBA’s participation at the book fair, Al Ameri said: “SBA’s participation in Muscat International Book Fair stems from the vision and directives of His Highness Sheikh Dr. Sultan bin Muhammad Al Qasimi, Member of the Supreme Council and Ruler of Sharjah, to build cultural bridges between nations and takes forward SBA’s agenda of celebrating book fairs at the local and international levels in support of creatives and publishers.”
The SBA Chairman added: “Through its regional and international participation, SBA is keen on spotlighting the strengths of the Emirati cultural scene and introduce visitors, publishers, and dignitaries at book fairs to Sharjah’s cultural project and its efforts in enhancing the publishing sector in the region. Our participation also aims to instill and promote the culture of reading, which is a cornerstone of building knowledge-based communities.”
During the international event, the SBA Chairman met with several directors of book fairs across the Arab region. He introduced them to the various cultural events and initiatives organised locally and regionally by the Authority, and briefed them on the ongoing efforts to boost Emirati and Arab literature at the international level in a bid to build cultural bridges around the world.
SHARJAH, 27th February, 2022 (WAM) — Ahmed bin Rakkad Al Ameri, Chairman of the Sharjah Book Authority (SBA), received a delegation of US senators including Gustavo Rivera, Kevin Thomas, and James Skoufis, to explore cooperation between the SBA and cultural affairs entities in the United States.
During a meeting at SBA’s headquarters, the two parties discussed several topics related to the publishing industry, library development, and the enhancement of Sharjah’s participation in Arab cultural initiatives in the US.
Other topics of discussion included the development of a strategic framework to help Arab and US cultural foundations create new communication channels and initiate joint action that best serves the promotion of Arab arts and Arabic literature in the US.
The delegates were introduced to SBA’s services and projects that support the publishing industry.
They visited the Sharjah Publishing City Free Zone (SPC Free Zone) and were briefed on the benefits offered to investors.
They were also briefed on the international festivals and initiatives organised by SBA, most notably the Sharjah International Book Fair (SIBF), the Sharjah Children’s Reading Festival (SCRF), and the Sharjah Children’s Book Illustration Exhibition.
Ahmed bin Rakkad Al Ameri, Chairman of SBA, welcomed the American delegation, and emphasised the SBA’s adherence to the vision of H.H. Dr. Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, which emphasises the impact of communication and fruitful cooperation between nations and cultures. Stating that SBA welcomes the exchange of global expertise and experience in all creative sectors, Al Ameri highlighted the influential position of the US in the global books market and its leading role in the industry’s technical development processes.
Al Ameri highlighted the international stature of SIBF which earned the title of the world’s largest book fair in the sale and purchase of copyright in 2021 at the fair’s milestone 40th edition.
The US Senators expressed their pleasure on visiting Sharjah and learning about the development of the publishing industry and library services, and the renaissance the emirate is witnessing in creative sectors and its achievements in consolidating the role of books in society. The US senators also shared their vision about the future of the publishing industry and prospects for its development especially with the current digital acceleration.
Commenting on their visit to the emirate, Senator Gustavo Rivera pointed out that the unparalleled support of H.H. the Ruler of Sharjah to promote a culture of reading and foster the role of books in cross-cultural communication has paved the way for fruitful cooperation and partnership in the cultural field between nations.
Senator Kevin Thomas, said: “We have seen that Sharjah has a long-term vision to enhance the future of culture and foster its presence in all aspects of life, and this is clearly manifested through the emirate’s dedication to promoting knowledge and ensuring that the largest segment of society has access to books.”
At the same time, Senator James Skoufis stressed that he looks forward to more strategic partnerships with Sharjah in public and private sectors, pointing out that the meeting with SBA’s officials will pave the way for greater cooperation between Sharjah and US cultural entities that seek to expand into the emirate.
by A Staff Reporter
Published: Mon 4 Jan 2021, 4:41 PM
Leveraging Sharjah’s strategic location and business-friendly environment, Sharjah Publishing City Free Zone (SPCFZ) has been playing a key role in bringing publishing companies, education providers and allied businesses from around the globe to the emirate, enabling the entry and expansion of industry players into the Mena region.
Despite a challenging economic year resulting from the Covid-19 pandemic, 100 new enterprises from 23 countries, including five higher education institutions, chose SPC Free Zone as their base in the region this year.
It is a testament to the advantageous free-zone business environment with numerous benefits that SPC Free Zone offers including 100 per cent foreign ownership, best-in-class infrastructure replete with fully-equipped office spaces, and comprehensive allied services like printing, licensing and distribution, underscoring its position as a leading economic and investment destination for investors from across the world.
India tops the list
Companies from India topped the list of the 28 enterprises that registered at SPC Free Zone this year, followed by the UAE, Lebanon, Jordan, Palestine, Iraq, Syria, Kuwait, KSA, Egypt, Pakistan, Malaysia, Ireland, Albania, the Philippines, Turkey, New Zealand, Tanzania, Singapore, the UK, Sweden, Ghana and Sri Lanka.
Companies specialising in the publishing sector made up the lion’s share of the new entrants. The rest of the new entities at SPC Free Zone were drawn from the creative industries, commercial consulting, law, and other administrative sectors. Emirati companies that made SPC Free Zone their home included EDU Fikra, House of Books and Kitab Kids, to name a few.
The five global education institutions, which offer higher education as well as corporate training courses, in addition specialized publishing programs, include Athena Global Education FZE, Westford University College FZE, Success Point College FZE, Capital College and Exeed College FZE.
A competitive business environment
SPC Free Zone’s promising investment environment offers several cost-effective options to investors and entrepreneurs from around the world, including help in getting approvals and issue of visas.
Salim Omar Salim, director of SPC Free Zone, said: “These numbers are indicative of Sharjah’s appeal as a commercial hub, and spotlight its strong investment environment across sectors. The fact that reputed global companies chose SPC Free Zone as their regional base attests to the emirate’s advanced publishing market, whose appeal SPC Free Zone continues to enhance by offering exclusive and timely opportunities to industry players.”
The SPC Free Zone director also noted that the free zone’s integrated ecosystem, which is home to companies representing a broad spectrum of publishing, printing and allied businesses, played a key role in attracting new investors.
Business stimulus package
SPC Free Zone stepped forward to help publishing companies overcome the fallout of the Covid-19 pandemic with an inclusive business stimulus package. Acting on the directives of His Highness Sheikh Dr. Sultan bin Muhammad Al Qasimi, Member of the Supreme Council and Ruler of Sharjah, and approved by His Highness Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince and Deputy Ruler of Sharjah and Chairman of the Sharjah Executive Council (SEC), SPC Free Zone had offered discounts of up to 35 per cent in licencing, rental and administrative to companies as part of SPC Free Zone incentive package.
Apart from the discounts on leasing and commercial licensing fees, SPC Free Zone also offered relief packages to alleviate the burden on existing clients with exemption of leasing fees apart from rescheduling of payments.
SPC Free Zone was established in 2017 as the world’s very first printing and publishing free zone offering the book and larger creative industries as well as allied businesses the opportunity to capitalise on an array of benefits emerging from operating within a free zone environment, including a strategic location at the epicentre of the globe with all the advantages of being able to serve the MENA, African and Asian region’s markets.