Does a local director or agent be required to register a Sharjah company

Among foreign investors in Sharjah-registered companies, "whether a local director or agent is required" is a key issue for the compliant operation and control of the company. Unlike many Middle Eastern countries, Sharjah's rules are not "one size fits all", but form differentiated requirements according to the company's registration area (free trade zone and non-free trade zone)-non-free trade zone companies require local agents, while free trade zone companies do not need local directors or agents at all.

Sharjah Free Trade Zone Policy

1. Foreign ownership:

in the Sharjah Free Trade Zone, foreign investors can own 100 percent of a company without the need for a local partner or sponsor. This gives entrepreneurs complete control over the company's operation, decision-making and development strategy, and avoids possible differences with local partners in terms of business philosophy.

2. Registration process:

investors can submit their registration application online through the official website of Sharjah Free Trade Zone, or they can entrust a professional agency to assist in the registration process. The registration process requires the submission of a series of documents, including copies of passports of shareholders and directors, proof of address, articles of association, business plan, etc.

3. Policy advantages:

the Sharjah Free Trade Zone offers policy advantages such as tax incentives, free repatriation of profits and capital, and attracts a large number of foreign investors.

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.

3. Registration process:

to register a company in other areas of Sharjah, it is usually necessary to submit documents such as articles of association, shareholder information, certificate of registered capital, etc., and obtain the approval of relevant government departments.

Sharjah Company Registration Advantages

1. Tax policy

tax-free environment: Sharjah Free Trade Zone enterprises are exempt from corporate income tax, personal income tax and value-added tax (VAT), and only 5% federal VAT is levied on some commodities (eligible enterprises can be exempted).

Import and export tariff exemption: enterprises in the free trade zone enjoy import and export tariff exemption, reduce trade costs.

2. Foreign ownership

100% Foreign Holdings: Foreign investors are allowed to hold 100% of the shares in the FTZ, eliminating the need for local partners and reducing the risk of cooperation.

Industry Freedom: There are no restrictions on the proportion of foreign investment in specific industries, but subject to federal antitrust laws.

3. Flow of funds

no foreign exchange controls: capital and profits can be remitted freely and multi-currency accounts are supported.

4. Registration efficiency

quick approval: submit the application through the electronic system, and the business license will be approved within 24 hours at the earliest.

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