Sharjah is considered to be the fastest growing and developing city in the United Arab Emirates after Dubai and Abu Dhabi. It is also one of the populous Emirate of the U.A.E. Situated in the Arabian Gulf, Sharjah is said to be more conservative than Dubai. It is globally linked with international airports and ports, making it an excellent place to start a trading business.
The Emirate of Sharjah is also emerging as an investment hub by creating many business opportunities for investors and entrepreneurs, likewise. It is dedicated to the transformation and economic diversification of the Emirate and is committed to guiding foreign investors to the marvellous opportunity and potential that Sharjah offers.
Invest in Sharjah
Sharjah has a dedicated authority, which primarily looks into creating investment opportunities for startups and business investors. Invest in Sharjah facilitates the investment process by fostering close collaboration between the public and private sectors. By bringing investors and opportunities together, they fuel growth and prosperity and streamline an end-to-end solution to investing in the Emirate.
Why Invest in Sharjah?
Sharjah is one of the most expanded economies in the MENA region and is also known as the cultural capital, educational hub, and industrial hub spot of the U.A.E. It is a geographically strategic investment destination as it is centrally located between Europe and East Asia, with convenient access to major international ports and airports on both the Arabian Gulf and the Indian Ocean.
Investors will get advantage of Sharjah’s wonderful potential. From its open-door policy and hassle-free incorporation process to special investment zones and a promising regulatory environment, Sharjah offers economic advantages to regional and international investors. Sharjah’s economic pliability is further fueled by 55,000+ S.M.E.s that already profit from the competitiveness of the Emirate’s supply chain. Over 13,000 businesses, with investors from more than 157 nationalities, are currently established in Sharjah’s free zones.
Investors in the Emirate of Sharjah benefit from an attractive and continuously refining national investment environment. In the World Bank’s 2017 Ease of Doing Business index, the U.A.E. ranked 26th out of 190 countries, up to eight places from the previous year. Besides, the U.A.E. ranked 11th out of 138 countries in the World Economic Forum’s “Global Competitiveness Report 2016-17”.
Here are a few more things to know if you want to invest in Sharjah
- The G.D.P. is 11% with a growth rate in the past ten years with 2.4% forecast for 2017-2020
- More than 55,000+ S.M.E.s have been established in Sharjah
- There are 13,500 companies and investors from 157 nationalities in the three free zones
- 100% exemptions from tax in Sharjah free zone
- Superior market knowledge and intelligence
Different Industries Available to Invest in Sharjah
The business industry in Sharjah is booming with different sectors trying to get on the number one position. If an investor decides to invest in the Emirate, here are a few business opportunities available for the company setup Sharjah.
1.Travel and Leisure
With a huge rise in demand, the travel & leisure sector in Sharjah offers a wide range of investment opportunities. From an ever-increasing demand for restaurants and luxury hotels to rising passenger arrivals at the Emirate’s airport and cruise terminals, Sharjah offers wonderful opportunities for investments in this flourishing sector. The investment opportunities include –
2.Transport and Logistics
As the centre of trade and commerce and one of the foremost national and regional industrial hubs with over a third of the U.A.E.’s manufacturing capacity, Sharjah provides a huge range of investment opportunities in transport & logistics, a fast-growing industry in the Emirate. Sharjah’s strategic location and reasonable labour costs make it ideal for land and sea transport. The investment opportunities include –
The Government of Sharjah has placed the environment at the heart of policymaking. New environmental protection lawmaking is creating the need for environmental products and services. With its zero-waste strategy and strong carbon emissions directive programs, Sharjah is looking to attract regional and international investments in this industry in line with the strategic direction of the Emirate. The investment opportunities include –
- Environment Technology
- Renewable Energy
- Waste Management
Sharjah’s rising population has increased demand for advanced healthcare and medical services. As Sharjah looks to increase its capacity to accommodate the rising healthcare demands, there is plenty of room for growth and investment in the healthcare sector. The investment opportunities include –
- Private Schools
Higher education is a critical sector in Sharjah. It offers a significant investment opportunity. The government of Sharjah will continue to invest in developing itself into a knowledge-based economy; education remains a top priority among its sustainable development goals. It has taken several initiatives to form a sector at par with the global standards.
Manufacturing is the second-largest region in the Emirate, accounting for one-third of U.A.E. manufacturing output. As an industrial hub, Sharjah offers a wide range of investment opportunities.
These and many more business industries are currently booming in Sharjah. The Government of the U.A.E. is continuously working on the improvement of the Sharjah Emirate as they want to keep appealing the foreign investors. They spend billions of money to give business opportunities to their foreign clients. It is always an excellent opportunity for any state or country to have foreign investors in their origin. This is because of the benefits the economy of the U.A.E. will get.
How can we help?
We at Commitbiz can assist you in setting up a business in Sharjah in a quick and hassle-free manner. Right from business incorporation to office space, we have it all covered. Our specialists have years of experience in this field and can make the process cost-effective. Contact us today for more information.