Its location, affordable real estate, business-friendly environment and growing population make Sharjah the perfect place to set up a business in the U.A.E. Explore this page to learn about the advantages to setting up your business in Sharjah and how to do it.
Sharjah is home to a diverse collection of businesses and has needs for companies across all sectors. Click here to view a description of the seven types of companies currently permitted to operate in Sharjah. And if you have any questions, we are always here to help.
Permitted Company Types
Limited Liability Company (LLC)
A limited liability company is one with limited liability, where the number of partners may not exceed Fifty (50) and should not be less than Two (2). Each of the partners is only liable to the extent of his share in the capital. In all cases, a U.A.E. national partner is required, with a shareholding of not less than 51% of the paid-up capital.
A partnership company is a company formed by Two (2) or more partners who are jointly liable to the extent of all their shares for the company’s liabilities. All partners must be U.A.E. Nationals.
Local Services Agent License or Business Partnership License
Individual establishments are owned by only One (1) person with the purpose of practicing any economic activity (business or professional). The establishment’s financial liability extends to the establishment owner, as he bears all financial obligations of the establishment.
If the owner of the establishment is not a U.A.E. or GCC national, the license must be regulated through a local Service Agent who shall be a U.A.E. national and must be a natural person and not a legal entity.
Foreign Company Branch
The branch of a company based in a different country. An application must be submitted by the concerned parties for preliminary license approval for a branch of a foreign company abroad.
Local Company Branch
The branch of a company based in a different emirate. An application must be submitted by the concerned parties for a license to establish a branch of a company from another emirate.
GCC Company Branch
The branch of a company based in a GCC country other than the U.A.E. An application must be submitted by the concerned parties for a license to establish a branch of a company from another GCC country.
Public and Private Shareholding Companies
A Public Shareholding Company is a company with a share capital divided into equally-valued tradeable shares; where the liability of each partner is limited to their share in the capital. All members who sign the company’s initial Memorandum and Articles of Association of such companies with the intention of becoming duly liable thereupon is considered a founder. Public shareholding companies are not licensed unless there are at least Ten (10) founders and the company’s share capital is not less than 10 million Dirhams.
A Private Shareholding Company is subject to all the rules and regulations pertaining to Public Joint Stock Companies, save for the following: the number of founders must not be less than Three (3); share capital must not be less than 2 million Dirhams; the shares of a private joint stock company cannot be offered for public subscription.