Sharjah Research Technology and Innovation Park
With constant aim to manage and develop in the field of Technology and Innovation, the Sharjah Research Technology, and Innovation Park (SRTIP) was formed in 2016. With an intention to form a long sustainable revenue for the Emirates, many innovative reforms were made.
With Sharjah being the only emirate sharing borders with all other emirate, it opens many opportunities in terms of business accessibility while maintaining low operational costs.
Advantages of SRTIP
When you start a business setup in Sharjah freezone, there are many undeniable facilities one can benefit from. Following are the few of those amenities
- Accessibility to local and global marketplaces
- Dual licensing facility
- 100 percent foreign ownership of Business
- Fast tracked incorporation of Business
- Access to state-of-the-art technologies
- Tax free benefits and import duties
- Residency visas can be acquired through SRTIP license
- Confidentiality for the assets owned by the Freezone companies
- No physical presence of shareholders necessary for formation of Freezone Business
Company Formation in SRTIP
The processes are almost same as the other freezones, except for exceptions based on the activities that they offer. One must be vigilant to decide, which would be the best based on their activity
- Choose the appropriate name for your entity based on the governing authority guidelines.
- Choose the activities approved under your business
- Choose your legal structure or hierarchy, whether going for Sole ownership or with shareholders
- Decide on the number of visas you must require for your entity
- Scrutinize, sign, and submit the documents requisite for your approval of license
- Once the documentations are approved, license is released.
Why do you need an expert like FirstStep?
With the onset of the digital technologies, many of the processes are performed online, which may be a complicating experience for many investors as they are already baffled enough in the thought of starting a business setup in Sharjah freezone. FirstStep will stand as your cross over route to reach your destination provided all the records for your licensing meets the requirements in formation of Sharjah Freezone company.
