You may find starting a business in Sharjah a little complex but can get the help of business consultants to arrive at a lower cost option. Foreigners may gain tax exemption on international profits by starting a genuine and lawful business in the country. In Sharjah, you do not have personal income taxes or capital gains. Among the seven emirates, Sharjah is the only place with 2 ports, one on each side of Arabian Gulf's west coast and east coast. These ports have direct access or sea route to the Indian Ocean.

To start a business in Sharjah or Abu Dhabi the foreigners have to take help of the Limited Liability Company (LLC). They obtain the business licenses, operation and residence allowance, and permission to hire a business premises. The foreign investors also get permission to open corporate bank accounts within their business areas. The Sharjah LLC also emphasis that 51% of shareholding must be form UAE citizens and should hire a physical office from Sharjah.

As per Sharjah LLC, the highest minimum capital requirement to start a business in Sharjah is around US$41,000. This initial amount has to be paid during the commencement of business. Some of the foreign investors choose Sharjah Company Formation, which is a best alternative to its neighbor Dubai. This has the same geographical advantages as that of Dubai. Though the Sharjah company formation you can start a legitimate business, which does not attract payment of local corporation tax, personal tax as well as import and export taxes.

When you start the business in Sharjah free zones such as Sharjah Airport Free zone, you get 100% ownership for the companies. Sharjah ports offer investors free space to store goods for up to two months initially. Sharjah Company Formation enables you to receive low cost energy in the free zones as the power costs in these zones are greatly sponsored. Even the labor and accommodation expenses are 35% lower when compared to other emirates. For example, the Hamriyah Free Zone is best suited for entrepreneurs concerned in international business activities.

You get 100% free ownership in Hamriyah Free Zone, if your business is properly structured. You are exempted from paying taxes related to corporation, import, export and personal income. Moreover companies based at Hamriyah Free zone need not prepare or submit annual financial statements or tax returns, which is an appreciable advantage for the foreign business owners. This zone is cost effective when compared to other free zones in UAE and the whole documentation takes only 24 hours. The costs with respect to registration, annual license and other ongoing costs are comparatively less in Hamriyah Free Zone.

Starting a business in Sharjah as some disadvantages too. The company formation seems to be costly and time consuming. It has become expensive due to high government charges, complicated and wavering UAE company laws as well as a disorganized officialdom in Sharjah. The customer services related to corporate and personal banking in Sharjah is poor when compared to other jurisdictions. Investors willing to start a branch of foreign company in Sharjah Free Zone need a minimum capital amounting USD41,000.