Trade License in Sharjah: 2023 Guide

One of the biggest business centers in the world, UAE offersastuteinvestorscountlessoptionsandabooming economy. And establishing a business in Sharjah is a smart move for individuals wishing to benefit from the city’s beneficial economy. Do you intend to launch your company in UAE? You can acquire a trade license. This document gives you permission to carry out business operations in the Sharjah emirate. Along with the many trade licenses classifications, there are also the commercial activities that each license permits. In this blog article, we’ll walk you through the process of obtaining your trade license in the Sharjah, including adviceonbusinesssetupandtheprocessesrequiredto getaUAEtradelicense. Thispresentationwillofferhelpfuladviceoncreatinga successful business setup in the Sharjah Free Zone, regardless of your level of experience as an entrepreneur.So,let’sgetgoing!

SHARJAH’S ECONOMIC DEVELOPMENT DEPARTMENT’S ROLE

TheDepartmentofEconomicDevelopment(DED)inSharjahiscrucialinregulatingandsupervisingthe establishmentofnewbusinesses.

TradelicensesandpermitsforcompaniesoperatinginSharjah,includingSharjahMainland,areissued by the DED. This covers everything, from modest retail establishments to substantial industrial enterprises. To make sure that enterprises abide by all pertinent laws and regulations, the DED also collaboratescloselywithothergovernmentalorganizations. However, certain economic activities necessitate approvals and licenses from other government bodies.Theseconsistof:

PharmaceuticalandhealthcareorganizationsmustobtainclearancefromtheMinistryofHealth. FinancialinstitutionsandbanksmusthaveapprovalfromtheUAECentralBank. ThebusinessoperationsofindustriesareapprovedbytheMinistryofFinanceandIndustry. CompaniesthatprovideinsuranceandrelatedservicesareallowedbytheMinistryofEconomyand Commerce.

VARIOUS TRADE LICENSE TYPES IN THE SHARJAH FREE ZONE

TherearevarioustradelicensesavailableforanyonestartingabusinessintheSharjahFreeZone, eachwithuniquecriteriaandadvantages.Makingtherightchoiceforyourcompanycanbeaided byhavingathoroughunderstandingofthevariouslicensetypesandtheirapplications.

INDUSTRIAL LICENSE

PROFESSIONAL LICENSE

COMMERCIAL LICENSE

HOW TO START A BUSINESS AND GET A TRADE

LICENSE IN SHARJAH?

Selectyourbusinessactivity

Youmustdecideonyourbusinessactivitybeforeyoubegintheestablishmentprocess.Thiswill assistyouindeterminingthekindoftradelicenseyourequireandtheappropriateauthorities tocontact.

Choosetheappropriatebusinesslicensingcategory.

Once you have chosen your line of business, you must determine the appropriate licensing category.Thiswillassistyouincomprehendingtherulesandlawsthatrelatetoyourcompany.

Submitarequestforatradename.

You must select and register a trading name for your company before you can submit an application for a trade license. The Department of Economic Development (DED) in Sharjah is theplacetoachievethis.

Choosealegalframework.

AlegitimatebusinessstructurethatcomplieswithUAErulesandregulationsmustbecreated. Inmanycases,aninvestorwillchoosetoformtheirbusinessasa:–

LimitedLiabilityCorporation. SoleProprietorship. Partnershipfirm. Submitaninitialapplicationforatradelicense.

Youcansubmityourinitialtradelicenseapplication,therequiredpaperwork,andpaymentfor feesaftercompletingthestages.

Obtainthenecessarygovernmentapprovals.

TheCentralBankoftheUAE,theMinistryofEconomyandCommerce,theMinistryofHealthfor pharmaceutical and medical companies, the Ministry of Finance and Industry for industries, and the Ministry of Economy and Commerce for financial institutions are just a few of the relevantgovernmentagenciesfromwhichyouwillalsoneedapprovals.

WHAT BENEFITS DO TRADE LICENSES PROVIDE IN DUBAI?

1. INCREASE BOTH DOMESTIC AND FOREIGN TRADE

2. BOOST YOUR CREDIBILITY

3. SEVERAL TRADE RESTRAINTS

4. SIMPLE SETUP

5. SPONSORSHIP POSSIBILITIES

SHARJAH TRADE LICENSE COST

Starting a business in Sharjah starts at AED 10,000*, depending on your demands. The finalpricewillvarydependingonanumber offactors,suchaswhatamenitiesyouhave andneed. ContactShuraaBusinessSetuptoreceivea preciseandcustomizedquote.

RENEWAL OF A TRADE LICENSE IN SHARJAH

The Department of Economic Development (DED) in Sharjah must receive a number of documents in order to renew a trading license in the Sharjah Free Zone. The following informationanddocumentationmustbeprovidedtorenewyourtradelicense:

FormforLicenseRenewal.

TheRelevantAuthorities’NOC,orNoObjectionCertificate.

CopiesofUAEpassportsandnationalIDcards.

AphotocopyoftheNotaryPublic’ssignatureauthenticationverification. Certifiedleasecontracts.

When you’ve acquired all the required paperwork, you can send it to the DED along with the renewalmoney.Ifeverythingisinorder,theDEDwillexamineyourapplicationandawardyour renewabletradinglicense.

It’s crucial to keep track of the renewal procedure and to have all the necessary documentation available because failing to renew your trade license by the due date may resultinpenaltiesandfines.

Get your Trade License in Sharjah with Shuraa!

Shuraa Business Setup is a one-stop shop for expats and businesses looking to excel in the UAE business environment. From Sharjah company formation to PRO services, we have the competence to guide you through every stage of your business journey. We can guide you through the procedure, make sure your business complies with all rules, and help you take advantage of every business opportunity whether you’re trying to establish your operation in the Sharjah Mainland or Free Zone.