Top Benefits to Start a Business in Sharjah. Sharjah is the third largest emirate of the UAE and it shares borders with other six emirates. This makes Sharjah the best place to settle. The city is the best place to invest because it has some of the largest free zones in the UAE. The Hamriyah Free Zone is located near the seaport of Sharjah. The investors have a large room to invest in the city because there are numerous projects that are in the process. The city landscape sees new buildings every year and these buildings are always full of people. This hustle and bustle shows that people are inclined towards this great city. The population of the emirate is 1.7 million and the purchasing power of the city is one of the highest in the region. The city is ideal to start business for many reasons but we are focusing on a few of them which attract the attention of people the most.
People Need Access to Markets
It is a very well known fact that more people come to this city because of affordable residences. This means the city is the home of expatriates and this makes it a favorite choice for business. The business in Sharjah is part of the large market and many people can flourish their businesses because of the expatriates living in the city. People have access to these markets with great ease. This is because the city has an efficient infrastructure of transportation that joins the city.
No Capital Requirement
The emirate of Sharjah offers the best business infrastructure and policies. The emirate offers the investor friendly policies just to provide a level playing field for all sizes of businesses. The Emirate has a policy to support businesses and especially the SMEs, because the SMEs are usually owned by the mid-sized investors. Such laws and business friendly environment has made the emirate an extremely lucrative place for investors. These policies attract young entrepreneurs and investors from all over the world to invest in the city. Moreover, this option is the best for all because everyone does not have the bulky investment to start the business. The investors just need a unique idea and they can start the business here.
Availability of Free Zones
The government of Sharjah is continuously working to make the emirate business friendly for all. The government has established many free zones in the city to attract the foreign investment in the country. This helps entrepreneurs to invest without breaking their banks. There are many free zones that are available in the city likewise, SPC Free Zone, Hamriyah Free Zone, STRIP Free Zone, and Shams Free Zone. The SPC Free Zone is the best option to invest in the city. The complete form of SPC Free Zone is Sharjah Publishing City. SAIF Free Zone is also one of the prominent free zones in the region because of its unique features.
Hamriyah Free Zone is one of the largest free zones of UAE and it has the warehouses, industrial plots and offices available. The free zone is located near the seaport and also adjacent to Ajman. The salient features of free zones in Sharjah is as follows:
1-100% Ownership for foreigners
2-Large variety of Licenses Available
3-Low tax rates
The points show that the free zones in Sharjah are the best in the entire UAE. Moreover, the SPC Free Zone is the only free zone which was established to facilitate the people who have business ideas in creative industries like publishing, film making, writing, music direction, etc.
Energy Sustainability
The emirate is the best because it is working on generating sustainable energy and power for its industries. This is a huge step towards making the emirate energy sufficient. The emirate is also the best because of low electricity bills and therefore more investors are investing in the city to make the emirate one of the best in the region. The efforts are underway to generate more green energy and make the environment friendly for the inhabitants who live here.
No Limitation on Visas and Business Activities
There is always no limitation on choosing the business activity in Sharjah. This makes the city more friendly for the investors. Moreover there is no limitation on the number of visas you can apply for. This all makes Sharjah the ideal place for investment in the UAE.
Crux of the Matter
The city is the best place to invest in the whole UAE because of the policies, free zones availability, sufficient energy and availability of expatriates make the city the best place for investment in all sectors of the economy. Almost all the major nationalities live and work here, so it may be your next home.
