Sharjah LLC
Sharjah LLC | Limited Liability Company
Sharjah Limited Liability Company (LLC): The Emirate of Sharjah is the neighbouring Emirate where many industrial, residential and manufacturing companies established. Starting an LLC in Sharjah Mainland requires sound advice and guided support. We are here to help you to setup business and register your company – Sharjah LLC.
What is a Limited Liability Company (LLC)?
Business owners & Investors in UAE looking for the liability protection that a corporation can provide, without any issues, should consider forming a limited liability company (LLC). An LLC is a business entity with all the protection of a corporation plus the ability to pass through any business profits and losses to your personal income.
An LLC is a hybrid type of business structure where the owners of the LLC are called “members,” and all enjoy the advantages that an LLC has to offer. LLC members can be an individual business owner, several partners, or other businesses.
LLC license is an incorporated in mainland outside a freezone. A limited liability company can be formed by a minimum of two and a maximum of 50 persons whose liability is limited to their shares in the company’s capital. Most companies with expatriate partners have opted for this form of company.
Company Formation in Sharjah
Sharjah allows seven types of company formations: LLC – Limited Liability Company, Joint (Venture) Company, General Partnership Company, Partnership-en-commendams, Share partnership company, and Public/Private Shareholding Company.
Sharjah represents a safe and progressive environment for company formation, offering foreign investors benefits, such as zero corporate, import and export taxes, in addition to other advantages. The UAE is well-recognized the world over as a trading hub, boasting a large non-oil sector that contributes to nearly 70% of the GDP – 45% of which is contributed by Sharjah’s trading activities. Join the thousands of entrepreneurs who have successfully completed the business formation process and are now part of this thriving community.
Sharjah, United Arab Emirates
Sharjah is the third-most populous city in the United Arab Emirates, after Dubai and Abu Dhabi. Sharjah LLC: Sharjah’s Most Prestigious Business Setup News Portal for both Limited Liability Company and Free Zone Company setup in the Emirates of Sharjah, UAE. LLC is the most common company formation in Sharjah, UAE. More number of companies registered with the LLC license.
Limited Liability Company (LLC)
LLC Comapany License: The standard type of company in the UAE mainland is the Limited Liability Company (LLC). The Sharjah Economic Development Department (SEDD) is the government body authorised to issue all licences for LLCs and is responsible for classifying and regulating the types of economic activity that may be undertaken in the emirates of Sharjah.
Formation of a LLC Company
Formation of a Limited Liability Company in Sharjah requires a minimum of two and a maximum of 50 shareholders. Ownership of shares within the company is dependent on the type of investor. A UAE national must own at least 51% of the firm’s equity while a foreign investor must not own more than 49%.
Run your business in Sharjah
This service allows investors to create an economic establishment easily in the Emirate. Such a thing is done in order to run or expand a business without going through complex procedures and to go in line with the strategic vision of the Sharjah Economic Development Department.
Company Formation in Sharjah, UAE – easy with Free Zone than mainland. Find the advantages of LLC Business Formation, Setup Process, License Types and more on sharjah.llc.
Branch Office
LLC license for Branch Office in Sharjah: Foreign companies as well as freezone companies can establish a branch office in the UAE through which they can service the local market after paying an import duty.
This facilitates a company to keep 100% ownership of the entity in the UAE, however a local UAE agent is still required in order to set up the branch. A branch of a foreign company is possible only for professional activities. Commercial activity companies cannot form a branch in Dubai.
Representative Office
If the scope of the activities in the UAE is limited a representative office can be considered. Such representative offices undertake marketing and promotional activities only and are not permitted to trade. A local service agent is also required.
Sharjah Economic Development Department (SEDD)
Sharjah Economic Development Department branches 7:30 To 3:30 PM
Sharjah Economic Development Department website: www.sedd.ae
Tasheel’s Service centers.7:30 To 8:00 PM
SEDD Contact Toll Free No: 80080000
Sharjah Economic Development Department
Limited Liability Company (LLC) is the most common form of business in UAE. A Limited Liability Company can be formed by a minimum of 2 and a maximum of 50 shareholders whose liability is limited to their shares in the business capital.
Good news for the business people, resident and Foreign investors are now offered 100 percent ownership on UAE mainland (not for all the activities) and a local sponsor is not required anymore.
Sharjah LLC company formation cost | Business setup cost in Sharjah
| DESCRIPTION | FEE in AED |
| Trade Name Approval and Reservation. | 735 |
| Initial approval fee. | 335 |
| Licensing fee. | 10,000 |
| Labor Card Fee. | 2,600 |
| Immigration card fee. | 1000 |
| PO Box and Company Stamp Fee | 900 |
| Court Fee. | 1900 |
| NET GRAND TOTAL AED | 17470 AED |
LLC Sharjah is a Tax Free
Although VAT is start in the beginning of 2020; It is still not mandatory for companies to pay corporate and income taxes. It is still an encouraging thing in the country.
How can I start an LLC in Sharjah?
Formation of a Limited Liability Company in Sharjah requires a minimum of two and a maximum of 50 shareholders. Ownership of shares within the company is dependent on the type of investor. A UAE national must own at least 51% of the firm’s equity while a foreign investor must not own more than 49%.
Advantages of an LLC Company
An LLC can conduct any type of business activity excluding insurance, banking, and investment. There aren’t any restrictions on the number of visas that can be obtained. The investors of an LLC company can avail investor’s visa under which they can get investor status in the Emirate along with their family.
An LLC is exempted from paying the standard 5% customs duty on imported goods. Also, restrictions are not imposed on real estate ownership.
The span of time to form a Limited Liability company will be approximately 1-2 weeks from the date of receipt of all required documents.
Are you looking for business setup company or agent to help you with your dream to invest and start business in the Emirates of Sharjah?
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