A Brief Analysis of Whether Foreigners Can Control 100 of Sharjah Local Companies

Among foreign investors investing in start-ups in Sharjah, "the ability to control 100 per cent of local companies" is one of the most central concerns. The answer to this question is not simply "can" or "can't", but is deeply bound to Sharjah's company registration area (free trade zone and non-free trade zone), company type and industry attributes.

Sharjah Free Trade Zone Policy

1.100 per cent foreign ownership:

to set up a company in the Sharjah Free Trade Zone, foreigners can hold 100 percent of the shares without the need for joint ventures with local enterprises.

Tax benefits: Companies in the free trade zone are exempt from all corporate income tax, personal income tax and business tax, with only 5% customs duty and no other additional miscellaneous taxes.

Free transfer of profits:

foreign enterprises investing in Sharjah can transfer their profits freely, and enterprises do not have to worry about the transfer of profits and capital.

3. No minimum registered capital requirement:

there is no minimum registered capital requirement for establishing a company in Sharjah Free Trade Zone, which is very important for foreign companies.

Sharjah Other Regional Policies

1. Company type selection:

sharjah offers a variety of company types for investors to choose from, such as limited liability companies, limited liability companies, etc. Foreigners can choose the right type of company to register according to their own business needs and financial strength.

2. Industry restrictions and local cooperation:

although the Sharjah government actively encourages foreign investment, there may still be implicit requirements for local cooperation or guarantors in certain industries, such as government procurement, public works, education, health care, etc. Foreign companies without local Saudi partners may encounter practical obstacles in bidding and operation.

Sharjah Company Registration Process and Precautions

1. Understand the market demand:

before registering a company, foreigners should have an in-depth understanding of the demand and competitive situation of the Sharjah market, and determine the target market and product positioning through market research and analysis.

2. Prepare registration materials:

to register a Sharjah company, you need to prepare a series of materials, including articles of association, shareholder information, registered capital certificate, etc. Ensure the authenticity and integrity of the material in order to successfully pass the registration audit.

Seek professional advice:

as the laws and regulations and business environment in Sharjah are different from those in China, foreign enterprises are advised to seek the help of professional consulting agencies in the registration process. These agencies can provide detailed policy interpretation and registration guidance to help companies successfully complete the registration process.

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