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BUSINESS TRADE LICENSE SHARJAH
A business trade licence in Sharjah is a document issued by the Sharjah Department of Economic Development (DED) that allows a business to legally operate within the emirate. The licence is required for all types of businesses, including commercial, industrial, and professional services.
Certain Ministries and other governmental authorities must, however, approve certain economic activity. For instance, the Central Bank of the UAE must grant a licence to banks and financial institutions, while the Ministries of Economy and Commerce, Finance and Industry, and Health must grant permission to insurance firms and related organisations, respectively.
HOW TO GET A TRADE LICENSE IN SHARJAH?
Choose a business activity and a business name
Select a business activity from the list of activities approved by the Sharjah Department of Economic Development (DED). Choose a unique business name and check if it is available and not reserved by others.
Refer to company registration Sharjah for more information.
Obtain initial approvals
Obtain any necessary initial approvals from relevant authorities, such as the Sharjah Municipality or Sharjah Chamber
Lease an office or commercial space
Lease a commercial or industrial space that is suitable for your business activity and meets the requirements of the DED.
Submit an application
Submit an application for a trade licence to the DED along with the necessary documents, such as a copy of your passport, a copy of the lease agreement, and any other required certifications.
Getting approval and paying fees
After completing the initial approval and trade name registration process, the applicant must move on to the DED’s licensing division. The licensing authority approves the licence information and, if necessary, adds to or edits set after getting the license approval, the department will issue and audit the payment voucher.
Once the fees have been paid, the applicant must then obtain the trade resistor certificate and Sharjah business license.
TYPES OF SHARJAH TRADING LICENCES
- Commercial Licence – This type of licence is required for businesses that engage in trading activities, such as retail and wholesale businesses.
- Industrial Licence – This type of licence is required for businesses that engage in manufacturing or industrial activities.
- Professional Service License – This type of licence is required for businesses that provide professional services, such as consulting, accounting, and legal services.
Trade License Sharjah Fees
The cost of a trade licence in Sharjah can vary depending on several factors, such as the type of business activity, the company ownership model, and the rental contract value. The Sharjah Department of Economic Development (DED) sets the fees for Sharjah trade licences, and the cost can change from time to time.
The company ownership model is one of the factors that can affect the cost of a trade licence. For example, a trading licence in Sharjah for a company owned by a UAE national may be cheaper than a licence for a company owned by a foreign national.
The type of trade licence also affects the cost. For example, a commercial licence will likely be less expensive than an industrial licence, and a professional service licence will likely be less expensive than a tourism licence.
The rental contract value is another factor that can affect the cost of a trade licence. The cost of a trade licence may be higher for businesses that rent commercial or industrial spaces at higher rental values.
To get an estimate of the trade licence fee for the specific business, you can visit the DED’s official website. The website provides an online calculator that allows one to enter information about the business and estimate the cost of the licence.
BENEFITS OF GETTING A BUSINESS TRADE LICENSE IN SHARJAH
Access to e-Government services
With a trade licence, you will have access to e-Government services such as e-channel, which allows you to complete various transactions and procedures with the DED online, and access other services offered by the DED.
A trade licence is a legal document that recognizes your business as a legitimate and registered entity. This can help to establish credibility and trust with customers, suppliers, and partners.
Access to resources and services
With a trade licence, you will have access to various resources and services offered by the Sharjah Department of Economic Development (DED) and other government agencies, such as assistance with business registration, marketing, and networking opportunities.
Businesses with a trade licence in Sharjah may be eligible for tax benefits and exemptions, which can help to reduce operating costs and increase profitability.
Facilitates banking transactions
A trade licence is also a requirement for opening a bank account in the UAE, which would allow you to conduct banking transactions such as receiving payments and making payments to suppliers, and other business-related transactions.
Ability to rent commercial properties
A trade licence is often a requirement to rent commercial or industrial properties in Sharjah. With a trade licence, you will be able to rent a space for your business operations.
DOCUMENTS REQUIRED TO GET YOUR SHARJAH TRADE LICENSE
- Licenses Form
- Trade Name Certificate
- Photocopies of the passport, Family Book, and National ID for UAE Nationals
- Certified No Objection letter, photocopies of passport, visa, or residency for foreigners
- Technical Evaluation Report
- Government Entities Approvals, if required
- Service Agent Contract approved by the Legal Affairs Section
- Certified Tenancy Contract photocopy
- Land Map or Ownership Certificate
RENEWAL OF TRADE LICENSE IN SHARJAH
Businesses must apply for renewal of their trade licences when their current ones are about to expire in Sharjah. For the renewal of a Sharjah trade licence, the following documents are necessary.
- Licence renewal form.
- Passport photocopies or UAE National ID of the ownership.
- Family book photocopies of UAE citizens.
- Attested lease agreement.
- NOC letter from the competent authority.
- A Notary Public authenticated photocopy of signature verification.
The applicant must contact the Inspection Division at the Department of Economic Development if the licence has been inactive for more than three months. Additionally, rather than going through the Sharjah Economic Development Department, the application goes to the Ministry of Economy if the licence is for a branch of a foreign corporation.
HOW RELIN CONSULTANTS HELP YOU TO GET BUSINESS LICENSE IN SHARJAH?
Relin Consultants will help you determine the appropriate type of licence required for your business. Our team of professionals will assist you in preparing the necessary documentation required for obtaining a trade licence, such as a business plan, financial projections, and other required forms.
Our team will provide legal counsel and guidance on the laws and regulations related to obtaining a trade licence in Sharjah. We will assist you in submitting the application for a trade licence and help to ensure that it is processed in a timely and efficient manner.
Our team will follow up with the relevant authorities to ensure that your application is moving through the process smoothly and promptly. We provide post-licensing services, such as renewals, amendments, and cancellations.
Reach out to us at Relin Consultants to know more about our services.
How to apply for a Sharjah trade licence?
To apply for a trade licence in Sharjah, you will need to follow these steps:
- Choose the type of licence you need (commercial, industrial, or professional) and the trade name for your business.
- Obtain any necessary approvals or certifications required for your type of business.
- Submit the required documents, including your passport and visa, Emirates ID, and no objection certificate (NOC) from your sponsor (if you are a foreign national) to the Department of Economic Development (DED) in Sharjah.
- Pay the necessary fees and register for a trade licence.
- Once you have completed these steps and your application has been approved, you will receive your trade licence, which will need to be renewed annually.
How much does a business licence cost in Sharjah?
The cost of a business licence in Sharjah can vary depending on several factors such as the type of business, the size of the business, and the location of the business.
Typically, the fees for a business licence in Sharjah can range from a few thousand dirhams to tens of thousands of dirhams, depending on the type of licence and the nature of the business. Additionally, there may be other costs such as office rental, security deposit, and other miscellaneous expenses.
Do small businesses need a licence in Sharjah?
Small businesses in Sharjah are required to have a valid business licence from the Department of Economic Development (DED) in order to operate legally within the emirate.
The type of business licence that is required will depend on the nature of the business and the activities it will be conducting.
How can I get a business licence online in Sharjah?
You can get a business licence online in Sharjah through the Department of Economic Development (DED) e-Services portal. The process of applying for a business licence online in Sharjah generally involves the following steps:
- Create an account on the DED e-Services portal.
- Choose the type of business licence you need and select the trade name for your business.
- Submit the required documents, including your passport and visa, Emirates ID, and no objection certificate (NOC) from your sponsor (if you are a foreign national) via the portal.
- Pay the necessary fees for the business licence through the portal.
- Once your application has been approved, you will receive your business licence electronically via the portal.
Which is the cheapest trade licence in Sharjah?
The cost of a trade licence in Sharjah can vary depending on several factors such as the type of business, the size of the business, and the location of the business.
Generally, the cost of a commercial trade licence is considered to be the cheapest trade licence in Sharjah among all types of trade licences available in the emirate.
A commercial trade licence allows you to conduct business activities such as buying, selling, and trading goods. The cost of a commercial trade licence can range from a few thousand dirhams to tens of thousands of dirhams depending on the nature of the business and the size of the company.
Is a trade licence mandatory in Sharjah?
Yes, a trade licence is mandatory for conducting any business activities in Sharjah. All businesses operating within the emirate, whether large or small, are required to have a valid trade licence issued by the Department of Economic Development (DED) in order to operate legally.
It is important to note that failure to obtain a valid trade licence or operating a business without one can result in fines and penalties, and in some cases, legal action may be taken.
Is it hard to obtain a trade licence in Sharjah?
Obtaining a trade licence in Sharjah can be a straightforward process, but it can also be time-consuming and require a significant amount of paperwork and documentation. It is important to understand the regulations and requirements of the Department of Economic Development (DED) and to have all the necessary documents in order.