How to get Business license in Sharjah, UAE?
The Department of Economic Development (DED), with institutional assistance from the Chamber of Commerce and Industry, is the statutory agency that oversees and governs the licensing procedures of any organization in Sharjah.
Obtaining a trade license as a business owner is the first official step in setting up shop in Sharjah. It is prohibited to operate a business without a licence. The licence must also be renewed as necessary in order for commercial operations to continue.
Types of Business License
- Commercial License : Its for for all trading activities.
- Professional License: It Covers professions, craftsmen, services, and artisans.
- Industrial License: For establishing industrial and manufacturing activities.
Step by step procedure to set up business.
To satisfy the legal requirements of all relevant government bodies and to ensure maximum commercial gain for all business owners, it is essential to take the steps outlined below before opening a business in Sharjah.
- Choose the industry that your company belongs to from commercial, industrial, or professional.
- Identify the many commercial activities that fall within the specified business category (maximum 10 per license)
- Determine the proper legal status for your company in the Emirates.
- For the corporation, choose a respectable business name.
- Obtain first approval by submitting a request to the Department of Economic Development Sharjah.
- If you haven’t already reserved a trading name, register one once you’ve received initial permission.
- Rent commercial space and get approval from the authority
- Prepare the appropriate paperwork, including memoranda of association and any required clearances from other relevant government agencies.
- To get the final licence, submit a new application to the Department.
- Pay the fees.
- Trade licence form.
- Brand certificate.
- Single copies of Passport and National ID
- A certified letter of the applicant’s no objection is required, as well as a photocopy of their identity card, passport, or visa for a place of residency.
- Technical Evaluation Report
- Approval from the Ministry of Economy.
- Approval related to legal affairs.
- Lease contract certified.
- Certified Tenancy Contract photocopy
- Land Map or Ownership Certificate
What is the cost?
Depending on your needs, starting a business in Sharjah might cost anywhere between AED 5,000 and AED 30,000+. The final cost will depend on a variety of things, including the number of staff you have and the type of facilities you need. Further details check here.