As the third-largest Emirate in the UAE, Sharjah undoubtedly presents a wealth of business opportunities. However, if you’re considering starting a business in Sharjah, one of the essential steps you need to take is obtaining a trade licence.
In this guide, we’ll provide you with an overview of the necessary requirements, fees, and the steps you need to take to ensure a smooth and hassle-free application process in Sharjah. We’ll cover the following topics:
- What is a trade licence?
- Steps in getting a trade licence in Sharjah
- Types of trade licence in Sharjah
- Cost of getting a trade licence in Sharjah
- How Creative Zone can help
What is a Trade Licence?
A trade licence is a legal document that permits a person or a company to conduct a specific type of business activity in the UAE. In Sharjah, the Sharjah Economic Development Department (SEDD) is the authority responsible for issuing trade licenses within the Emirate.
Steps in Getting a Trade Licence in Sharjah
To obtain a trade licence in the Emirate of Sharjah, it is essential to follow the necessary steps below:
Step 1: Determine your business activities
The first step is to select the business activities you wish to undertake. You can choose up to a maximum of 10 activities from the Sharjah trade licence activities list.
Step 2: Select your business legal structure
Once you have identified your business activities, select the legal structure that best suits your company. The most common types of legal structure in Sharjah are sole proprietorship, partnership, or LLC.
Step 3: Decide for your business name
Select a unique business name that has not been previously registered by another company in the UAE. Ensure that the name is easy to remember and recall by your customers.
Step 4: Apply for initial approval
Get initial approval from the Sharjah Economic Development Department once you have finalized your business activities, legal structure, and name. This can be done online or in person.
Step 5: Get an office space
To conduct your business operation, you must have a physical office. The location must have been approved by the Sharjah Municipality.
Step 6: Submit your trade licence application
After getting initial approval, you can proceed to submit your trade licence application to the relevant authority. In this step, you will be required to provide documents such as your initial approval such as a certificate, and tenancy contract, among others.
Step 7: Settle the licence fee
As a requirement for obtaining a trade licence in Sharjah, you must settle the prescribed licence fee during the application process. The fees may vary depending on the type of business activity, legal form, and other factors.
Step 8: Obtain your trade licence
Once your application is approved, you will receive your trade licence, allowing you to conduct your business activities legally in Sharjah.
Types of Trade License in Sharjah
There are various types of trade licenses that are issued in Sharjah including the following:
Commercial Licence: This type of licence is required for businesses involved in trading activities such as buying and selling goods, importing, and exporting.
Industrial Licence: This type of licence is required for businesses involved in manufacturing or industrial activities such as production, and packaging of goods.
Professional Licence: Professional licence is required for businesses offering professional services such as consulting, legal, and accounting services.
Freelance Permit: This type of licence is for individuals who are self-employed and work on a freelance basis, such as photographers, writers, and designers.
E-commerce License: This type of licence is required for businesses involved in online trading activities, such as selling goods and services through an e-commerce platform.
Cost of getting a trade licence in Sharjah
Starting a business in Sharjah can cost between AED 5,000 and AED 30,000 or more. The total cost will depend on various factors, such as office rent, visa fees, and other expenses related to business setup.
To get a personalised quotation for your business, click here.
How Creative Zone can help
Starting a business in Sharjah can be an excellent choice for entrepreneurs starting their business journey in the UAE. However, the process of setting up a business can be overwhelming, and that’s where Creative Zone comes in. Our team of business experts will assist you in acquiring all the necessary documents to help you choose the ideal office location for your company.
Take advantage of our free consultation today and speak to one of our business setup advisors. Head to the link to know more. https://www.creativezone.ae/contact-us/