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Sharjah is one of the UAE’s most flourishing areas, in terms of both economy and population. It is the third largest and populated Emirate and contributes to 7.4% of the GDP. In recent years, the local government has been introducing new laws and policies to attract foreign investment. This has resulted in a rapid growth of business and trade in Sharjah. Today, it is clear that starting a business in Sharjah leads to many potential future business opportunities. The most critical step in business setup in Sharjah is getting a trade license. Here is everything you need to know about the process of obtaining a trade license in Sharjah. What is a Sharjah Trade License? A trade license is a document that you require in order to be able to legally commence your business activities in the UAE. Without trade license, you do not have permission to operate any business within the jurisdiction of Sharjah. The process of acquiring a trade license is supervised and conducted by the DED (Department of Economic Development). Upon obtainment of your license, you will be allowed to carry out the following activities:
How to Get a Trade License in Sharjah Here are the basic steps for obtaining a Sharjah trade license. For your convenience, we recommend recruiting a company formation consultancy to help you streamline this process.
Documents Required for Sharjah Trade License In order to get a trade license in Sharjah, you will have to submit the required documents and relevant paperwork to the DED:
The Cost of a Trade License in Sharjah The trade license fees in Sharjah are as seen in the table below, however, the fee can vary depending on the type of license you wish to obtain. Reservation of Trade Name
Trade License Renewal in Sharjah After you receive your Sharjah trade license, it will be valid for one year. In order to continue running your business in Sharjah, you will have to renew your trade license on an annual basis. The following are the documents needed to renew your trade license in Sharjah.
Failure to renew the license within the stipulated time can result in penalties such as heavy fines or blacklisting of your company. Therefore, it is very important to renew it well before the expiry date. A business setup consultancy in UAE will offer trade license renewal services to ensure that your license is never expired. Cost of Trade License Renewal in Sharjah The price of renewing a trade license in Sharjah can vary depending on the type of license. However, the range to expect to pay is between AED 9000-13000. The factors incorporated into this cost include:
Canceling a Trade License in Sharjah Should you wish to cancel your trade license in Sharjah, there is a small procedure that you must go through as well. The information mentioned below are the steps that you need to take.
The Best Business Setup Consultancy in Sharjah That is all regarding the process of obtaining and cancelling a trade license in Sharjah. Keep in mind that the above-mentioned points are just a general overview and not specific to every kind of business. Whilst the procedures are relatively clear-cut, it can be difficult for an individual who is new to the Emirate and unfamiliar with the legal structure and framework in Sharjah. It is for this reason that we recommend that you get the services of a business set up consultant in Sharjah. Their years of experience can make the job easier for you and allow you to focus on other aspects of your business. Additionally, they can help you choose a name, locate a suitable office, and register your company in the initial stages. Contact us today for more information on how to easily and smoothly setup your business in Sharjah!
1 Comment
shyju varghese
2/19/2021 06:16:25 am
I have 30 cars with me. On my name. car from 2010 to 2020 Models
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