Business Setup in Sharjah
Article last update on May 28 2015 04:25 AM
Sharjah Company Incentives LLC is the most common company formation in Sharjah. The main advantages of LLC in Sharjah are There is no deposit customs policy for cargo in transit between Sharjah seaports and the SAIF zone, being an advantage for trading LLC unlike other emirates. There is a Unique location advantage with 3 sea ports and an airport. Lower operating costs. While foreign equity in the company may not exceed 49%, profit and losses will be shared in a ratio different to that of the share capital ratios. No specific minimum capital requirements. The investor can create more branches at different places according to the business needs. LLC managers can be national, foreign or third party members. The investor can run the business without the day-to-day interference of the local national partner. The assets and capital created will be in the name of the company and not in the name of the local national partner. Easy to open global corporate bank accounts following Sharjah LLC set up.