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Competitive Alternatives with Sharjah Business Setup

Singapore-based Healy Consultants provides valuable insights for international business looking for a cost-efficient business setup in Sharjah, now with no requirement for personal travel.

 
PRLog - April 16, 2014 - SINGAPORE -- Companies incorporated in Sharjah (http://www.healyconsultants.com/middle-east-incorporation/sharjah-company-registration/) require at least 51% ownership by a UAE citizen and a minimum of one director and two shareholders. This ownership regulation can be negated through incorporation in the Hamriyah free zone (http://www.healyconsultants.com/middle-east-incorporation/hamriyah-free-zone/), which permits 100% foreign ownership. Additionally, the minimum issued share capital is US$41,000. With the expert guidance of Healy Consultants, now entrepreneurs are not required to travel to Sharjah throughout the procedure.

Sharjah, as part of the UAE, imposes liberal tax regime, which offers a great way to legitimately books global profits, without paying local corporate tax. Business setups enjoy full exemption from capital gains tax, VAT payments and import/export taxes. There is a speculation about introducing a VAT regime in the emirate, but such won’t be imposed in the near future. Custom duties are lower than most countries, with up to 5% levied on commercial imports Furthermore, there are no withholding taxes in the Emirate, which under the UAE has signed 66 double-tax treaties.

About Sharjah’s additional advantages

International business meets strong support from the Government in Sharjah, as it provides, through various departments, technical advises and help in preparation of feasibility studies for new companies. There are no restrictions on hiring foreign labour. Consequently, obtaining UAE residence and employment visa is easy. Investors in Sharjah enjoy additional incentives, including:

• Lower energy cost through Government sponsorships;

• Up to two months free storage of goods in Sharjah ports;

• Lower land and accommodation costs compared to the UAE;

Another opportunity for entrepreneurs is incorporation in one of Sharjah’s free trade zones, with Hamriyah FTZ, being the most prominent. Formation in this free zone is cost-effective when compared with other UAE free zones, with fast procedure, less documentation, and lower registration fees. Furthermore, annual license fees are also competitive, with US$3,250 in Hamriyah free zone and US$8,000 in Jebel Ali free zone.

Lastly, companies in Sharjah offers a great alternative to other UAE business setups with sea ports on both west and east sides of the Arabia Gulf coast and direct access to the Indian Ocean.

About Healy Consultants

http://www.healyconsultants.com/

Healy Consultants provide a full range of professional services, which include the following:

• Offshore financial services

• Accounting and taxation

• Corporate finance

• Business start up services

• Corporate banking

• Global marketing services

• Company formation

• International trading strategies

Healy Consultants are professionals who offer quality services, which perfectly match the needs of our highly sophisticated clients. We are also proud of the fact that our services are affordable and accessible by our most modest customers.

Our clients have access to an excellent range of quality products and services. We come with rich experience and a global presence, resulting in unique market awareness beneficial to your firm in more ways than one.

Contact

Mr. Aidan Healy, Business Owner, Healy Consultants

Bldg. Q1-01-27, Sharjah Airport Freezone/

Bldg. 6E A, Office 213, Dubai Airport Freezone.

Tel: (+65) 6735 0120

email@healyconsultants.com

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***@healyconsultants.com
Source:Healy Consultants
Location:Singapore - Singapore - Singapore
Industry:Business, Investment
Tags:Sharjah company registration, company incorporation Sharjah, Sharjah business setup, Sharjah company formation, Starting business in Sharjah
Shortcut:prlog.org/12311031
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