How to get a General Trading License in Sharjah?
Answered on October 19,2023
In Sharjah, there are three different categories of general trading licenses. As follows:
- Commercial License – Applies to All Activities
- Professional License Protecting occupations, artisans, services, and craftspeople
- Industrial License – To start manufacturing and industrial operations
Other unique licenses, such as business operation permits and entrepreneurial business licenses, are also granted by the authorities under certain conditions.
Requirements for obtaining a General Trading License in Sharjah
To satisfy the legal requirements of all relevant government bodies and to ensure maximum commercial gain for all business owners, it is essential to take the steps outlined below before opening a business in Sharjah. The actions are:
- Choose the business category that best describes your company from among commercial, industrial, or professional.
- Identify the various commercial activities that fall within the specific business category (up to 10 per license).
- Choose the proper legal status for your company in the Emirates.
- A suitable company name should be chosen.
- Prepare the applicable paperwork, including memorandums of association and permissions from any pertinent government agencies that may be required in each circumstance.
- remit the required fees.
Various Business Structures in Sharjah
The paperwork and requirements you must meet to obtain a general trading license depend on the kind of business you are operating in Sharjah.
Businesses in Sharjah can be governed by a variety of corporate arrangements. These consist of:
- LLC, or a Limited Liability Company.
- Company in partnership.
- Branch of a foreign company.
- Branch of a local company.
No matter what type of business structure you have, there are a few common requirements you must fulfill to obtain a trade license in Sharjah. These consist of:
- Choosing a business name.
- Submitting extra paperwork with the last trade license application.
For instance, a GCC corporate branch needs verified documents from both the UAE Embassy in the Gulf State and the UAE Ministry of Foreign Affairs.
There are additional criteria and documentation needed for both public and private shareholding firms. First, the application form needs to adhere to the requirements set forth in the Commercial Registry Act and its rules. Contact a company formation consultant right now for more details on business structures, needs, and owner obligations.