Sharjah is a growing business hub of UAE and is becoming a financial powerhouse. Trade and Commerce in the region is growing at a positive rate. General trading, logistics, eCommerce, retail sales, etc., contribute to economic growth.
A General Trading License in Sharjah is a popular business license category among foreign investors. This article highlights the benefits of obtaining a General Trading License in Sharjah. There are many business advantages for the company owners in setting up their general trading company in Sharjah.
Furthermore, the general trading license will enable the business owner to trade in multiple items under the same trade license. Also, it will help them keep the business setup cost low and gain maximum benefit from their business establishment.
General Trading License in Sharjah – Key Highlights
General Trading License in Sharjah opens up new avenues of trade and commerce in the region. Sharjah, UAE is a perfect location for starting a general trading company. The Emirate of Sharjah is ideal for establishing a general trading company in the UAE.
Additionally, the strategic location, Seaport and Airport, warehouses, Free Trade Zones, logistics network, etc., support the growth of a general trading company in Sharjah. Sharjah has numerous business opportunities for a general trading company.
Moreover, the industrial areas, Free Trade Zones, and businesses are in constant requirement for multiple goods to fulfil their business needs. A General Trading License allows the business owner to import a large number of items from abroad.
Where to obtain a General Trading License in Sharjah?
A General Trading License in Sharjah can be either obtained from the Mainland or the Free Trade Zone. It is the Sharjah Economic Development Department (SEDD) that acts as the Licensing Authority for issuing the trade license in Sharjah.
The Sharjah Mainland is a Trade Hub. The retail business in the Sharjah Emirate is growing significantly. Additionally, the industrial areas in Sharjah are the top choice for Auto Spare Parts Trading, Used Car Parts Trading, Scrap and Metal Trading, Used Electronics, Garment Trading, and more.
Also, the industrial warehouses provide storage, light manufacturing, and packaging support for foodstuffs, heavy equipment, chemicals, and more. So, Sharjah Mainland is a perfect location for General Trading Companies that want to quickly expand into the UAE Market.
General Trading License from Free Zones of Sharjah
Similarly, the Free Trade Zones in Sharjah also provide the perfect infrastructure and business support for establishing a new general trading company. There are distinct advantages for business owners in setting up their companies in both business jurisdictions.
The Free Trade Zones are ideal for companies that are re-selling items in different markets by first importing goods to the UAE. Similarly, the Free Zone is the right choice for companies aiming to expand to international markets.
There are many benefits to a Free Zone General Trading Company in UAE. The absence of Customs Duty, low-cost license packages, office and warehouse facilities, proximity to the Airport and Seaport, easy processing of license documents, UAE residence visa, etc., make the Free Trade Zones of Sharjah the perfect choice for trading companies.
How to Obtain a General Trading License in Sharjah?
Obtaining a General Trading License in Sharjah involves a few steps. Depending on whether it is the Free Zones or the Mainland. The process varies slightly. In general, below are the main steps involved in obtaining a General Trading License in Sharjah.
- Choose the name for the company and get the name approval
- Choose the right business jurisdiction – Free Trade Zone or Mainland
- Submit the shareholder details – Photograph, passport copy, etc.
- Prepare the tenancy contract for the office space
- Make the fee payment and submit the documents for review from the licensing authority
- Obtain the General Trading License from the authorities and start operating the business legally
- Open a Bank Account in UAE with the new general trading license.
- Obtain a Residence Visa under the newly formed company, hire staff and expand the business operations seamlessly
Advantages of taking a General Trading License in Sharjah
There are many advantages for the business owner in obtaining a General Trading License in Sharjah. It is an attractive business destination with an advanced business infrastructure. The business-friendly nature and lowest company setup cost make Sharjah a top choice for entrepreneurs.
So, by taking a general trading license in Sharjah, the business owners can benefit from the low cost of company setup in Sharjah. There are numerous business benefits to establishing a Trading Company in Sharjah.
1. Strategic Transport and Logistics Support
Sharjah offers easy access to global markets of the Middle East and Asian regions. The proximity to major Shipping and Air routes make import-export and trading of goods at ease.
2. Ease of Doing Business
The Free Trade Zones and the Sharjah Economic Development Department (SEDD), Sharjah provide business owners with one of the easiest company formation processes. They help to easily obtain a trade license in Sharjah.
The government policies and support for business growth are incremental. Entrepreneurship is given at most priority in Sharjah. The stable political scenario, competitive business incentives, and less documentation make Sharjah a top choice for entrepreneurs.
3. Enhanced Business Infrastructure
The streamlined process of setting up a general trading company in Sharjah is driven by the growing business ecosystem. The Free Zones of Sharjah provide state-of-the-art business infrastructure.
Furthermore, the absence of personal income tax, e-governance, business-friendly incentives, advanced logistics support, etc., make entrepreneurs choose Sharjah for establishing their General Trading company.
Why Choose Sharjah for setting up a General Trading Company?
There are many benefits to choosing Sharjah for setting up a general trading company. The general trading provides enormous flexibility to the business owners. They will be able to sell a wide variety of products, capitalize on emerging trends, and easily expand to new markets.
Under the General Trading License, the business owner can sell products including foodstuff, commodities, consumer goods, and more. The diverse range of products under a single trade license is an attractive factor for many of the business owners choosing the general trading license from Sharjah.
Moreover, the demand for a general trading license in Sharjah is triggered by several factors. The Emirate is a growing trade hub. The Khalid Port and Hamriyah Port handle tonnes of Cargo daily. There is a growing business potential for trading companies in the region.
Furthermore, the thriving economy, increase in population, strong consumer purchasing power, etc., create a robust market for trading of commodities in the UAE. Sharjah is home to large companies and corporations, and foster an environment of business growth in the coming years.
Cost of General Trading License in Sharjah
The cost of a general Trading Company License in Sharjah starts at approx. AED 20,000 for a year with a virtual office in the Sharjah Mainland. The physical office rent and other business setup expenses will add up to the cost.
Similarly, in the Free Zones of Sharjah, the General Trading License Cost starts from approx. AED 12,000 for a 1-year license with a virtual office. The cost of setting up a general trading company with an office is the cheapest in Sharjah.
How Aurion will guide you?
Sharjah provides numerous business support services to company owners. It includes banking networks, consulting firms, networking opportunities, business councils and more. These resources will help business owners to expand their company to new markets easily.
AURION will guide business owners in the complete process of setting up a general trading company in Sharjah. The team will ensure the investor receives their general trading license in Sharjah at the lowest cost.
Additionally, the Free Zones of Sharjah offer a host of business benefits. It is a perfect choice as the investor can plan their long-term sustainability by taking an office, warehouse space, retail shops, etc., in the Emirate of Sharjah. They can easily launch their products and services profitably.
To know more about obtaining a General Trading License in Sharjah, connect with our expert team right away!
