If you are planning to SHAMS company formation, you might be wondering how to start your operations. Thankfully, the UAE is highly tax-efficient, which means that setting up a business in the Emirate is relatively cheap. There’s also zero income tax, world-class broadband and a multilingual workforce. But how can you get started in Sharjah? Let’s take a closer look at the process.

Register a company:

First and foremost, you need to register a company. To start your business, you will need a license. The government has a list of all the required documents. The first step is to register a company name and a trade registration. Once the business name has been registered, you can start the process of obtaining a business license from the Department of Economic Development. Once you have the license, you will need to file a complete set of documents to the economic development department.

Choose a trade name:

After you have your license, you can begin establishing your company. The next step is to choose a trading name. You should make sure that your business name is unique and follows Sharjah Economic Development Department’s requirements. Don’t forget to include the amount you are willing to spend on setting up your new business. It’s essential to consider the budget and your company’s legal structure. The legal structure will depend on where you plan to locate it. The memorandum of association should also specify how much share capital the company will need. The company’s founder provides all the shares and retains 100% of the business.

Apply for registration:

Once you have your trade name, you should then apply for registration. Companies in the Emirate of Sharjah should have a minimum of two shareholders to meet the rules. In addition, the company should have a good reputation in the business world. Once the license has been granted, company registration is quick and hassle-free. Once the license has been issued, it can then be incorporated.

Setting up a business in Sharjah is not complicated. While the UAE is a global market, it is still a global market. You can set up branches and deliver goods directly to customers by registering. However, before you can start, you must meet the necessary legal requirements. If you intend to own the business in Sharjah, it must be a UAE national. Moreover, you need to have a majority of shareholders who are UAE citizens.