Business Setup
SRTIP Free Zone

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Business Setup SRTIP Free Zone

Sharjah Research, Technology and Innovation Park is also known as SRTIP Free Zone Sharjah. It is known for its technology friendly and innovative environment. The zone is one of the newest free zones of Sharjah and the UAE. It is well known for research and development activities in the fields of technology for example renewable energy, water management, smart manufacturing, environmental technology, logistics and information technology. The zone has the option of flexi desk, dedicated office, and shared offices along with the facility of high speed internet and meeting rooms. This makes the Business setup SRTIP free zone a lucrative option for all.

Benefits of Business Setup SRTIP Free Zone

  • Business setup in SRTIP free zone is cost effective
  • Various type of licenses available
  • Company formation in a fast tack pattern
  • Availability of plots for business setup
  • A handsome range of office spaces available
  • Access to SRTIP innovation lounge
  • Lease rates are one of the lowest
  • Good option for female entrepreneurs because it has subsidized rates for them
  • 100% foreign ownership
  • 100% repatriation of profits
  • 100% repatriation of capital

Steps of Company Formation in SRTIP Free Zone

Select the Package

Before you proceed, select the package of your choice. It is not mandatory but it is a good practice to make the right choice for you.

Apply Through the Portal

Apply through the online portal and select the options carefully. Attach the documents required for the registration of business. For a branch of a foreign or local company the notarized documents are needed.

Get Approval

As the case is submitted and if the documents are right and true then the approval is given within no time. For the companies who have shareholders all the documents are forwarded to them.

Apply for Visa

Once the registration process is complete, apply for the visa to enter the country and hold the operations of the business effectively. It is not mandatory for all because those business owners who want to run the company from outside of the UAE do not need any visa.

Open the Bank Account

The bank account is mandatory to run the business. The bank account can be opened into an accredited bank of the SRTIP zone.

License Types Available in SRTIP

Unlike Business Setup in Dubai, the business setup in SRTIP Free Zone has many options for business licenses which are under:

Industrial License

The investors who want to run an industry to manufacture, process or packaging must get the industrial license. This is because of the fact that only after getting such a license can you opt for the industrial plot in the zone.

Services License

A services license is good for all the businesses who are into the services and consultancy. Such a license is also mandatory to open up the bank in the SRTIP free zone.

Trading License

A trading license is good for the wholesalers and distributors in general trading. It is also required for the companies who want to run the business as exporters, re-exports and importers as well.

Office Spaces Availibility in SRTIP

SRTIP offers the option of business setup with office spaces. The available office space is as under:

First Step Hi-Tech Office

It is an office for startup businesses who are into the business for the last 3 years or less.

Maktabi (Co-Working Space)

It is an option which offers three desks with free internet and parking options.

SME Office

It is an office option which has an area of 20-27 sqm and it is fully furnished.

Ecosystem Office

It is an option with 50 to 80 sqm area and you are eligible for more than 10 visas.

Innovation Office

In this office option a business can get the open area space at SRTIP headquarter and rates are calculated as per the sqm.

Innovation Plot

The zone offers the plots for offices at a sqm rate.

Documents Required for company formation in SRTIP free zone

The Documents required for company formation in SRTIP free zone are as follows:

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