Company Formation in Sharjah

Sharjah represents a safe and progressive environment for company formation, offering foreign investors benefits, such as zero corporate, import and export taxes, in addition to other advantages. The UAE is well-recognized the world over as a trading hub, boasting a large non-oil sector that contributes to nearly 70% of the GDP – 45% of which is contributed by Sharjah’s trading activities. Join the thousands of entrepreneurs who have successfully completed the business formation process and are now part of this thriving community.

What is a Shams LLC?

A Shams limited liability company (LLC) is an independent entity whereby the company structure separates the owners and shareholders from the company. Hence the liabilities of the company, whether arising in contract or otherwise, are the company’s liabilities and not the personal liabilities of the shareholders. Equally the company’s assets are the company’s assets and not the personal assets of the shareholders.

Advantages

  • Independent operating entity
  • Entitled to obtain a license
  • Entitled to sponsor employee(s)
  • Entitled to open a business bank account

What is a Shams Branch?

A Shams branch is an entity belonging to an existing parent company. All profits, benefits, gains and other returns of the branch shall be profits, benefits, gains and other returns of the parent company. Equally, all costs, expenses, debts and other liabilities of the branch are costs, expenses, debts and other liabilities of the parent company.

Advantages

  • Entitled to obtain a license
  • Entitled to sponsor employee(s)
  • Entitled to open a business bank account