How to get a Trade License in Sharjah?
Third-largest among the United Arab Emirates, Sharjha unquestionably offers an extensive range of commercial opportunities. However, obtaining a trade licence is one of the most important things you must do if you are thinking about opening a business in Sharjha.
This article will provide you an outline of the requirements, costs, and procedures required to ensure a quick and straightforward application process in Sharjah. We’ll talk about the following subjects:
- What is a trade licence?
- Steps in getting a trade licence in Sharjah
- Types of trade licence in Sharjah
- Cost of getting a trade licence in Sharjah
- How Ampsy consultancy can help
Whats Trade License ?
A trade licence is a legal document that enables an individual or firm to carry out a certain kind of commercial activity in the United Arab Emirates. The Sharjah Economic Development Department (SEDD) is the organisation in charge of granting trade licences inside the Emirate in Sharjah.
How to Apply for a Trade Licence in Sharjah ?
Following the processes outlined below is necessary if you want to obtain a trade licence in the Emirate of Sharjah:
Step 1: Determine your business operations
Choosing the business activity you want to engage in is the first step. From the list of Sharjah trade licence activities, you may select a maximum of ten.
Step 2: Determine the legal form of your company
Once your company’s commercial operations have been determined, choose the legal structure that will work the best for it. The sole proprietorship, partnership, or LLC are the three legal structure options that are most prevalent in Sharjah.
Step 3: Select a name for your company
Choose a distinct company name that hasn’t already been used by another organisation in the UAE. Make sure your customers will have no trouble recalling the name.
Step 4: Apply for initial permission
Once you have decided on your company’s operations, legal structure, and name, get preliminary clearance from the Sharjah Economic Development Department. Either in person or online, this is possible.
Step 5: Reserve an office.
You need a real workplace where you can run your business. The Sharjah Municipality had to have given its approval for the location.
Step 6: Submit your application for a trade licence.
You can then submit your trade licence application to the appropriate body after receiving initial approval. You will need to submit documentation for this phase, including your initial approval (a certificate, for example) and your tenancy agreement, among others.
Step 7: Pay the licencing charge
As a requirement for obtaining a trade licence in Sharjah, you must settle the prescribed licence fee during the application process. The fees may vary depending on the type of business activity, legal form, and other factors.
Step 8: Obtain your trade licence
You will obtain your trade licence after your application is granted, enabling you to lawfully conduct your company operations in Sharjah.
Trade Licence Types in Sharjah
In Sharjah, different kinds of trade licences are issued, including the following:
Commercial Licence: Companies that engage in commercial operations, such as the purchase and sale of goods, importation, and exportation, must have this sort of licence.
Industrial Licence: Companies engaged in manufacturing or industrial activities, such as product production and packaging, are needed to get this sort of licence.
Professional Licence: Companies that provide professional services including consulting, legal, and accounting must have a professional licence.
E-commerce Licence: This kind of licence is needed by companies that engage in online trading, such selling products and services on e-commerce platforms.
The price in Sharjah for obtaining a trade permit
In Sharjah, it might cost anywhere from AED 5,000 to AED 30,000 or more to launch a firm. The entire cost will vary depending on a number of variables, including office rent, visa fees, and other startup-related costs.
The e-commerce licence, which costs as little as AED 6,000, is the most cost-effective alternative offered in Sharjah.