The first step in setting up a business in Sharjah publishing freezone is to decide what type of business you want to run. Some businesses require a local partner, while others are 100 percent foreign-owned. However, if you are a service provider or professional, you can operate your company entirely overseas without a local partner. A professional services license is the best option for many businesses.
Give you a tax break:
There are several reasons you should choose a free zone in the UAE. The first and foremost is that it will give you a tax break. In addition to tax exemptions, most free zones offer a business-friendly environment. Most free zones are governed by UAE Commercial Agencies law, which applies to most economic activities in the Mainland. If you’re a foreign company, you can also conduct business in the mainland UAE through a branch or representative office.
It will be easier for you to start trading within the UAE:
Another advantage of setting up a business in the UAE is that it will be easier to start trading within the UAE if you have a license and a local agent. Besides, the free zone will provide you with a better infrastructure, which will help you trade internationally. It’s a good idea to set up your business in a free zone. This is a major reason why foreign investors are attracted to UAE free zone.
Affordable than opening a traditional office in the UAE:
Aside from tax breaks, it’s also easier to set up a business in a free zone. It’s more affordable than opening a traditional office in the UAE, and you can get a tax exemption as well. If you’re looking for a tax break, a free zone may be your answer. The UAE is one of the few places with an extremely friendly regulatory environment.
Once you’ve applied for a business license, you’ll need to apply for a company license. Once your application has been approved, you’ll receive a notification that you’re approved. Next, you’ll need to open a corporate bank account. You can find a company formation specialist or a financial institution to help you obtain a corporate bank account. Once you’ve set up your business license, you’ll have to get your business license and start trading in the UAE’s market.