Obtaining a trade license is the first step when looking to set up a business. Having the legal document ensures that the company complies with the local regulations and allows you to legally conduct business operations. Wondering how to obtain a trade license in Sharjah? Read this blog to learn about it.
Back to topWhat is a Trade License?
Trade license or business license is an umbrella term that consists of commercial, industrial, professional, and e-commerce licenses and a freelance permit. The trade license in Sharjah is issued by the Sharjah Economic Development Department (SEDD) and enables you to conduct various business activities in the Emirate.
Back to topDocuments to Submit for Availing Trade License in Sharjah
Submitting the appropriate documents is a key step when looking to avail of the trade license. Some of the documents required are the trade name approval certificate, no objection certificate, tenancy agreement, copies of shareholder passports, visas and Emirates ID, among others. Business setup consultants at Commitbiz can guide you through the documentation process by ensuring that they are duly attested and submitted to the relevant authorities.
Back to topWhat is the Process of Obtaining a Business License in Sharjah?
You can successfully obtain the trade license in Sharjah by following the process mentioned below:
Step 1 - Decide on the business activity you wish to conduct in the Gulf state.
Step 2 - Based on the business activity, you must avail the relevant license. As many as ten activities can be conducted for obtaining a single license.
Step 3 - Select a legal entity for the company. You can choose between structures such as a Limited Liability Company (LLC), sole proprietorship and partnership.
Step 4 - By following UAE’s naming regulations, you must decide on a trade name for your business. The chosen trade name must be registered with SEDD and the necessary fees must be paid.
Step 5 - Rent an office space and avail the lease agreement.
Step 6 - Apply for the trade license by submitting the necessary documents along with the application.
Step 7 - Pay the requisite license fees for availing the document.
Back to topTrade License Cost in Sharjah
The associated cost involved with obtaining a business license in Sharjah is uncertain and depends on several factors. Our business consultants can help in determining the exact cost by explaining the key elements that contribute towards it. The license cost is influenced by factors such as application fees, opted jurisdiction, type of license availed, service agent fees, and rent of the office space.
Ready to set out on your business journey in Sharjah? Secure the trade license with the help of business experts from Commitbiz. Our team of consultants have assisted numerous entrepreneurs in establishing businesses in the UAE and the Middle East. To ensure a smooth transition, contact us!
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