Different Types of Trade Licenses
The trade license (Business License in Sharjah) you require will depend on the type of business activity and the type of business firm you intend to establish. Accordingly, the procedure will differ. Let’s see the type of trade licenses in Sharjah that will help you identify which type of license you will need.
Commercial License – Commercial firms must have a Commercial License for all types of commercial activities including, buy, sell, export and import will need a commercial license.
Industrial License – Industries engaged in manufacturing, moulding and assembling of products must obtain an Industrial License before they can commence the business.
Professional License – Professionals including artistes, engineers and similar personnel have to get a Professional License for establishing a firm performing such professional activities.
Procedure for Getting a Trade License in Sharjah
The procedure for trade license is almost similar in every emirate. It is a hassle-free and uncomplicated process designed to create an investor-friendly atmosphere. Our professional assistance will help you to obtain a trade license in Sharjah quickly and commence business operations.
Determine the Business
The business activity you plan to start in Sharjah must be finalized. All the subsequent activities will be according to the type of business.
Choose the Type of License
Type of license you will require will be depending on the business activity. Note that additional approvals from ministries and departments may have to be sought consequently for the business.
Apply for Initial Approval
Prior to embarking on full-fledged Sharjah business license procedure, you must apply for initial approval from Sharjah DED. The documents indicating your business plans, copies of passport and other basic documents will be necessary for initial approval. Normally, the initial approval will be issued without delay.
Local Sponsor Agreement
Local Emirati sponsor is a mandatory requirement for commercial or industrial establishments. The sponsor will hold 51% of shares in the company. The ex-pat owner and shareholders can hold a maximum of 49% shares.
A professional firm can hold 100% of shares in the company. However, a local service agent is compulsory in that case.
Reserve a Trade Name
All the approvals and final trade license will be issued on the trade name. You must finalize a trading name and register it with competent authorities. The trade name must follow the guidelines issued by the authority. Strictly no political or religious references.
Formulate a Legal Structure
Every business entity has a legal structure that stipulates the working methodology, functions, rules, regulations, authorities of individuals and rights of the members. You have to prepare a legal structure and notarize it with an approved notary.
You may note that the legal structure has a wider implication on the performance of the company. A brilliantly prepared legal form can aid ample growth to your organization. Our professionals can help you with the formulation and preparation of legal structure.
Rent/ Lease Official and Commercial Space
Rent or lease official and commercial space as per the stipulated dimensions. Ejari or rental agreement must be registered with the authority. The documents indicating the same will have to be attached with the application for a license. The Ejari is aimed at preventing disputes between the owner and the tenant.
Apply for Approvals from Departments and Ministries
You may need additional approvals from ministries and departments, associated with your business. Process the application, submit the demanded documents and obtain approval. This approval is an essential part of the application to the DED for issuing a business license in Sharjah.
Application for Business License
After completing all the above-mentioned formalities, you can approach for a business license in Sharjah. The application must be accompanied with all the certificates and documents including the following.
- Passport copies of owner and shareholders
- Passport copy and family book of the local sponsor
- Ejari
- Approvals from Ministries and Departments
- Notarized legal structure
- Bank documents indicating account information and capital investment
You can gain the license by pursuing the laid down procedure. We have been assisting companies to set up business firms in Sharjah and obtaining trade license. Talk to us to discuss your business project in detail and establish a successful project in Sharjah.
Kiltons Business Set Up Services
Kiltons business setup services is your destination if you are dreaming of a great business venture in Sharjah. With immense experience and expertise in the field, we have been supporting expatriates and residents to form businesses in Sharjah to garner fruitful results.
Established in 1999, we have more than two decades of experience in business setting up industry. Focussing to provide our clients budget-friendly and trouble-free business formation, we are one of the most renowned organizations in the UAE. We strive to extend the best support to our clients.
Having a cordial relationship with the authority, Kiltons has been instrumental in the formation and development of several popular firms not only in Sharjah but in other emirates as well. Discuss your dreams and objectives with us. We will give you unmatched advice and guidance that will be pivotal in the growth of your firm.
If you are looking forward to a Mainland company formation in Sharjah or Offshore Company Formation in Sharjah, we will guide you throughout the process of setting up your dream business in Sharjah or anywhere in UAE.
For Business Setup in Sharjah for your dream company, Let Kiltons help you to obtain your Business License in Sharjah. Contact us now.
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