The purchase of administrative offices for sale in Sharjah has become increasingly popular due to the numerous advantages it offers. The Sharjah Free Zone comprises a network of six free zones within the emirate of Sharjah, United Arab Emirates.
Offices for sale in Sharjah
These free zones are strategically located near major transportation hubs, facilitating logistical requirements for investors. The emirate takes pride in its streamlined administrative procedures, making it an attractive destination for businesses.
Companies within these free zones enjoy a favorable environment with 0% corporate tax and 0% personal income tax, accompanied by no import, export, re-export, or customs duties. In this article, we explore how to buy administrative offices for sale in Sharjah and the reasons that make the Sharjah Free Zone the preferred location for achieving your company's aspirations.
Whether you are looking to create new investment opportunities in Sharjah or expand your current business, Sharjah provides a compelling environment for growth, cost-effectiveness, and success.
How to Establish Administrative Offices for Sale in Sharjah?
Sharjah, a dynamic and thriving emirate in the United Arab Emirates, offers a flourishing business climate attracting multinational companies. Acquiring administrative offices for sale in Sharjah is a significant strategic step for companies aiming to expand their presence in the Middle East and beyond.
The establishment of administrative offices for sale in Sharjah requires several procedures to ensure compliance with local rules and regulations. Firstly, companies must obtain approval from the Ministry of Economy.
Subsequently, registration with the Sharjah Economic Development Department is necessary. This process typically involves drafting a comprehensive business plan, obtaining the appropriate approvals, and meeting legal and financial standards.
Types of Business Entities in Sharjah
Sharjah provides international investors with a variety of administrative offices for sale, including:
- Sole Proprietorship: Owned by a single individual with full authority.
- Limited Liability Company (LLC): A common choice for blending liability protection with operational flexibility.
- Free Zone Entities: Offering 100% foreign ownership, tax exemptions, and repatriation of profits to the home country.
Advantages of Establishing Administrative Offices for Sale in Sharjah
A list of advantages of opening Offices for sale in Sharjah, UAE includes:
- Strategic Location: Sharjah's strategic location enables easy access to global markets, especially the Middle East, Africa, and Asia.
- Business-Friendly Environment: Sharjah provides a business-friendly environment with a range of incentives and benefits for companies operating in the emirate.
- Free Zones: Sharjah is home to several free zones, offering attractive advantages such as 100% foreign ownership, tax exemptions, and simplified business setup and management processes.
- Low Costs: Establishing and operating administrative offices for sale in Sharjah is relatively low-cost compared to other areas in the UAE.
- Diverse Economy: Sharjah boasts a diverse economy, with a strong focus on industries such as manufacturing, trade, and tourism.
- Skilled Workforce: Sharjah has a skilled and educated workforce, making it easy for companies to find the talent needed for their growth.
- Government Support: The government of Sharjah is committed to supporting and promoting business growth in the emirate.
- Sustainability Initiatives: Sharjah is dedicated to preserving and sustaining the environment, with companies benefiting from various eco-friendly programs and sustainable practices.
How to Find Administrative Offices for Sale in Sharjah
When setting up your first office, it is crucial to consider the following:
- Location: Choose a location that is easily accessible by public or private transportation.
- Office Size: Consider the size of the office, ensuring it provides enough space for employees and amenities.
- Comfort: Keep in mind the comfort of your employees, as they will spend eight hours a day, five days a week in the office.
- Impression: Ensure that your first office is impressive and comfortable for both clients and stakeholders.
Pros and Cons of Acquiring Administrative Offices for Sale in Sharjah
Pros:
- Strategic Location: Sharjah's strategic location is ideal for companies looking to tap into the Middle East, Africa, and South Asia markets.
- Business-Friendly Environment: Sharjah offers a business-friendly environment with various incentives and benefits.
- Free Zones: The existence of free zones provides attractive perks for businesses, including foreign ownership and tax exemptions.
- Low Costs: The cost of establishing and operating Offices for sale in Sharjah is relatively low compared to other UAE regions.
- Diverse Economy: Sharjah's diverse economy enhances opportunities for various industries.
Cons:
- Limited Local Market: The local market in Sharjah is relatively small compared to other UAE regions.
- Limited Access to Financing: Small and medium-sized companies in Sharjah may face challenges in accessing financing.
- Bureaucracy: The process of setting up and running businesses in Sharjah can be bureaucratic and time-consuming, especially for companies unfamiliar with local regulations.
Starting an administrative Offices for sale in Sharjah
Starting a business project requires effort, but if you entrust your burden to responsible hands, things can certainly become much better than you think. By doing so, one can exert all efforts and focus on the business strategy instead of spending time and effort on the registration and setup process.
The history and culture present in Sharjah attract people, making entrepreneurs start administrative offices for sale in Sharjah. This is not all that Sharjah has to offer. There is a lot you can benefit from. Sharjah is cost-effective, has an active seaport, and is rich in cultural and heritage wealth, making the process of registering administrative offices for sale in Sharjah as follows:
- Register the trade name and make it as unique as possible.
- Obtain approval for the commercial lease.
- Obtain special permits from regulatory authorities.
- Apply for the business license.
- Obtain approval for signage, sales, and company promotion.
- Get the work card provided by the Ministry of Labor.
- Get your immigration card.
Step One: Registering the Trade Name
The estimated cost for registering the trade name ranges from AED 250 to AED 2500. This practice will take one working day. The Department of Trade Names and the Department of Economic Development in Sharjah can assist you in registering trade names.
You will need AED 100 for trade name approval, AED 100 for the smart card, and between AED 50 to AED 2250 depending on the trade name.
If you already have a registered trademark or trade name, you can skip this step. If you are a new investor, you will need to register through the e-portal of the Department of Economic Development.
Step Two: Approval of the Commercial Lease
The estimated cost for approval is AED 0 unless you have any previous fines from inspections. This process will take only a few hours from the Department of Commercial Protection and the Department of Economic Development in Sharjah.
Step Three: Special Permits
It will take only one day, and the cost will depend on the agency assisting.
Step Four: Apply for the License
The cost will be 11% of the lease agreement plus an additional AED 850 for additional administrative services.
Step Five: Approval of the Signage
The cost ranges from AED 100 to AED 500 and may take one working day.
Step Six: Apply for the Work Card
You will need AED 2000 to apply for the work card, and it may take two working days from the Ministry of Labor.
Follow all steps correctly and appoint the best legal agents who have a good idea about all legal aspects. This will have a better impact on your business.
Offices for sale in Sharjah, Types of Licenses in Sharjah
There are four types of licenses available for administrative offices for sale in Sharjah:
- E-commerce License: E-commerce licenses enable entrepreneurs to establish online businesses. This means they can buy and sell goods through their websites or via internet portals. This is a common option for those looking to benefit from the flourishing e-commerce market in the UAE.
- Service License: Service licenses allow entrepreneurs to establish businesses without tangible assets, such as consultancy, project management, legal services, etc. There is a wide range of business activities to choose from, including accounting, business setup, education, human resources, immigration, marketing, and more. Applying for a service license requires experience and knowledge in the relevant industry.
- Commercial License: Commercial licenses allow project owners to trade and sell specific goods and services in the UAE, either exporting and selling them outside the UAE or trading within the UAE only.
- General Trading License: General trading licenses allow entrepreneurs to export, re-export, import, and trade any number of unrelated goods under a single license. This means you can choose to trade in anything from food to furniture. Some specific goods are not allowed, including tobacco, oil, and goods that do not meet health and safety requirements.
Benefits of acquiring administrative offices for sale in Sharjah in the free zone
Advantages of registering administrative offices for sale in Sharjah in the free zone:
Tax-Free Zone
Compared to many other countries worldwide, tax laws in the United Arab Emirates, including Sharjah, are lenient. With Sharjah emerging as a competitive business center globally, it has become an attraction for both startups and established companies.
The UAE government does not impose income tax unless the established company operates in foreign banking, oil, or gas industries. Otherwise, all types of companies are exempt from taxes in the UAE. Additionally, free zones in Sharjah provide lucrative opportunities for companies.
Tax Residency
Registering administrative offices for sale in Sharjah also provides an opportunity for tax residency.
The UAE offers long-term visas for entrepreneurs, business owners, and their families, allowing them to stay in the UAE for up to 10 years. The UAE also provides tax residency, significantly reducing the overall tax burden and offering a significant profit increase.
Offices for sale in Sharjah, Outstanding Infrastructure
The United Arab Emirates, with emirates like Sharjah, boasts remarkable infrastructure.
Companies often thrive in regions where others have successfully established themselves, primarily due to improved infrastructure, access to talent, and ease of transportation. The advanced city infrastructure and well-established economy allow administrative offices for sale in Sharjah to flourish in the market.
The United Arab Emirates is internationally renowned, making it an excellent choice for business owners worldwide.
Easy Banking Services
Companies worldwide often prefer countries where transactions are easy. A robust banking system in the company's home country is necessary for growth.
Moreover, the success of administrative offices for sale in Sharjah depends significantly on the correct banking structure, ease of banking services, and access to globally present banks. For companies, this concept is not a problem, as there are many international banks to choose from in the UAE.
Ownership
Registering administrative offices for sale in Sharjah in the free zone means that foreign investors will have full ownership of the established company.
However, keep in mind that most foreign investors looking to develop their businesses in the UAE mainland will need the assistance of a local sponsor.
Offices for sale in Sharjah, No Capital Requirements
Among the various types of registered companies in the UAE, the free zone's flexibility is one of the most profitable opportunities.
The free zone company is ideal for those looking for a tax-exempt facility from invoices. To establish administrative offices for sale in Sharjah in a free zone, there is no minimum capital requirement or the necessity for an actual office facility.
