Be it a budding entrepreneur or an experienced business owner who is looking to operate their dream business, the UAE has unlimited opportunities for all. The taxation policy and business-friendly ecosystem of the UAE allow businessmen and corporates to establish their business in Sharjah with minimal hassle. Whether you are in the trade business, manufacturing, or in the service industry, you can carve a niche for yourself in this booming market.
However, there are some regulations and formalities that you need to complete to start your business here. One such thing is procuring a business license in Sharjah for your operations. It is a mandatory and legal aspect that every business has to obtain authorization from the government. While there are experts like Shams that can help you with your license, you must gather all the necessary documents required for business license in Sharjah. From NOCs to passport details, there is a wide range of documents that you need to get authorized by the federation before trading in Sharjah.
This article will help jot down all the documents and Sharjah trade license requirements that every business owner must be aware of.
Types of Business Licenses in Sharjah
A business license not only lets you run your operations smoothly but also helps in funding resources for startups. Before you go through the list of documents for business license Sharjah, letтАЩs understand the different types of business licenses in Sharjah.
Commercial License
Ideal for import-export businesses and retail stores, a commercial license allows you to engage in buying, selling, and distribution goods/services. It is legally applicable to all trading activities operating within or beyond Sharjah. Be it consumer goods or electronics, a commercial license covers different business activities.
Professional License
A professional license covers professional individuals with specialized skills in specific fields. It includes a range of fields such as accounting, legal, arts, etc. This license authorizes their professional activities and ensures legal protection.
H3 – Industrial License
If your business deals in manufacturing or industrial operations, an industrial license is a must in Sharjah. It ensures that the business complies with the environmental and safety Sharjah business license requirements. An industrial license permits the establishment of factories and production facilities.
H2 – Documents Required for a New Business License in Sharjah
One of the key challenges for today’s entrepreneurs is submitting the right documentation so that their business license gets authorized with minimal hassle and time. Here is the list of the business license documents that every entrepreneur, professional or corporate should get ready:
- Licensing form signed by the authorized person
- Approvals given by the authorities in case your business type requires some special approvals to run the operations
- PassportтАЩs photocopies and naturalization identification
- NOC (No Objection Certificate) from a current sponsor of the applicant, with a photocopy of the residence permit and visa details
- Memorandum of association and bank letter confirming the depositing amount of the companyтАЩs balance sheet or capital details
- An approval letter signed by the authorities of the Ministry of Economic and Planning
- Technical Evaluation Report
- Photocopy of the Lease Contract duly signed and certified
- A photocopy of the plot blueprint in addition to a property document.
- Bulletin Board forum
Documents Required for Business License Renewal in Sharjah
For businesses looking to renew their license in Sharjah, you need these crucial Sharjah company license documents:
- Registration Form
- A photocopy of a valid passport
- Photocopy of the original License and Trade Register
- A photocopy of a duly certified, valid lease contract
- Approval of renewal issued by government authorities, according to the type of activity
Documents Required for Setting Up an LLC in Sharjah
If you want to open a limited liability company in Sharjah, you need to obtain some additional documents along with those mentioned above, such as:
- A licensing form that is issued by the Department of Licenses showing the approval to establish a company here.
- Notary Public approved and authenticated the Memorandum of Association.
- A bank letter that confirms the depositing amount of the companyтАЩs capital by the partners as per the ratios set by the law.
- Registration of the Memorandum of Association at the Ministry of Economy.
Documents Required for Opening a Branch Office in Sharjah
Whether you are opening a branch of a private, public, or local shareholding limited liability company, you need to get an authorized license for your operations. Here are all the necessary documents that you may need to produce for hassle-free authorization:
- Approval of the department of the licensing application form to open a branch.
- The main company approved and authenticated the Memorandum of Association.
- The companyтАЩs Board of Directors resolution to open a branch in Sharjah.
- A photocopy of the balance sheet of the last financial year.
How Much Does a Business License Cost in Sharjah?
Sharjah Free Zone and the mainland are one of the most lucrative and strategic business positions in the world. Not only do you get access to the global market, but you can also enjoy low or zero taxation, which can help set up your business from scratch. However, as mentioned above, every small business or big one needs a license to operate in this location to prevent legal disputes and maintain ethical working practices. This is why understanding how to get a business license in Sharjah is crucial.
If you are wondering how much it costs to procure a business license in Sharjah, you are at the right spot. The licensing fees and other costs associated with it are determined by the type of business, qualifying activities, and number of visas. The Free Zone licensing costs start from 480 AED per month, with options for 5,760 AED for a year. With Shams, you can explore different business setup packages that help take care of all the administrative headaches.
Conclusion
A business license in Sharjah is the most integral and crucial component of starting a business at every location. It ensures that you get the green light from the government by passing through all the regulations and legal necessities. However, just like any other authorization, you need to ensure that your Sharjah business setup documents are all ready for submission.
This is where Shams comes to your rescue to take care of all your administration issues about licensing, plus offer you some smart financial tips to sustain startups. You can combine up to 5 activities in different industries with versatile packages from Shams. Plus, you get access to up to 20 Visas to garner professional skills from all around the globe. For more information and personalized guidance, visit www.shams.ae or call Shams authorities at 800 (Shams) 74267.
Frequently Asked Questions (FAQs) on Business License Documents in Sharjah
1. How can I renew my business license in Sharjah?
You can renew your business license in Sharjah with the help of Shams. It is a simple process that requires the essential documents and a license payment.
2. How much does a business license in Sharjah cost?
A business license in Sharjah costs from 480 AED monthly. You can also opt for a yearly plan of 5,760 AED.
3. Can I apply online for a business license in Sharjah?
Yes, you can apply for a business license in Sharjah online with the help of Shams Free Zone.
4. What is the validity period of a Sharjah business license?
A Sharjah business license typically comes with a validity period of 1 year from the date of issue.
5. Is a No Objection Certificate (NOC) mandatory for all licenses in Sharjah?
The requirement of an NOC is dependent on the type and nature of your business. It is also determined by the location and Visa requirements.
6. What happens if I donтАЩt renew my business license on time in Sharjah?
If you happen not to renew your business license on time in Sharjah, you will have to incur a fine or penalty. Regular failure of a license renewal may affect your day-to-day operations, Visa, and banking facilities.
7. Can foreigners get a business license in Sharjah?
Yes, the UAE and Sharjah welcome foreigners to set up a business. You may require local authorization or funding for certain business types to acquire a license.
