Sharjah attracts entrepreneurs and investors worldwide. Choosing the Emirate for business incorporation opens doors to major business markets and provides you with opportunities. Sharjah hosts a wide range of major industries such as real estate and manufacturing, thereby promoting the development of the Emirates economy. All these reasons indicate that establishing your company in the Emirate can be profitable. One of the most important requirements before embarking on your entrepreneurial journey is to obtain a trade license in Sharjah. Read on to understand the necessities of obtaining a business license and other relevant information that will streamline your business journey.
What is a Trade License?
A trade license is a document that validates business operations by providing the business with legal recognition. The license should be obtained from relevant authorities to conduct business activities legally within the Emirate. The Sharjah Economic Development Department (SEDD) regulates all activities related to trade licenses in Sharjah mainland.
Note- The authorities through which you can obtain your business license can vary depending on the chosen jurisdiction and the business activity.
Types of Business License in Sharjah
Understanding which license is relevant to your business helps you follow the set regulations and legally conduct business operations within the Emirate. Let us look at some of the most prevalent business licenses in Sharjah across all jurisdictions -
Professional License
Acquiring this license is necessary if you wish to provide professional services in the Emirate by utilising your knowledge in fields such as consulting, legal services, and accounting.
Commercial Licence
A commercial license enables you to get involved in trading activities such as import-export and buying-selling of goods.
Industrial License
Obtaining an industrial license helps you engage in manufacturing or production activities, such as paper, textiles, steel, and other products
E-commerce License
An e-commerce license in Sharjah authorises you to set up an online platform to conduct commercial transactions by trading services or products.
Freelance Permit
This is a type of license provided to self-employed individuals, who want to offer professional services without having to set up a separate legal entity.
Benefits of Obtaining a Trade License in Sharjah
There are certain advantages of obtaining a trade license in Sharjah, let us take a look at them -
- The license provides the business credibility and helps build trust among shareholders and potential customers.
- Availing a license helps with setting up a corporate bank account and renting commercial properties.
- Obtaining a business license in Sharjah provides you with legal recognition thereby helping you avail the benefits prevalent in the market.
- You can conduct up to 10 business activities by availing a single trade license.
How to Avail a Trade License in Sharjah?
Understanding the process involved in obtaining a trade license can simplify your overall company registration experience. Let us look at the process -
Choose a Business Activity
A business can be easily categorised under industrial, professional or commercial activity. Deciding on the type of business activity is important while looking to avail a relevant license.
Select Appropriate Jurisdiction
Choose between Sharjah free zonesand mainland by analysing the offered benefits and your business goals.
Obtain Initial Approval
You need to secure the trade name certificate and complete the application process to avail an initial approval from the concerned authorities.
Secure an Office Space
Finalise an office space and obtain the lease agreement to carry out your business activities and prove the presence of a physical office in the Emirate.
File Licensing Application
Apply for the relevant license by submitting the required documents and requisite fees to the authorities.
Why Choose Commitbiz?
If you are looking to set up your business within Sharjah, our business consultants can ease your business setup experience. From handling the legal formalities to ensuring compliance with the set regulations, we offer end-to-end business solutions. Our professionals are well-equipped to answer your queries. Contact us to learn more about our services and fulfill your business dreams!
What is the trade license cost in Sharjah?
The Sharjah trade license cost can vary depending on various factors. A few of them include the chosen jurisdiction and the business activity.
What is the validity period for a trade license in Sharjah?
A trade license in Sharjah is valid for a period of one year.
Do authorities offer an extension for renewing the trade license after the expiry of the validity period?
An extension of three months is offered after the expiry of the validity period by the SEDD. However, you are liable to pay fines, in case of failure to renew the license within the extension period.