Trade License In Sharjah

HLB HAMT

HLB HAMT - Accounting Firm in UAE

Phone:- +971 4 327 7775
Mobile:- +971 55 160 1291
WhatsApp:- +971 56 219 1607
Email:- dubai@hlbhamt.com

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    The Department of Economic Development(DED), with the institutional support from the Chamber of Commerce & Industry, is the statutory body that regulates and controls the licensing procedures for an entity in Sharjah

    However, licences for some categories of business require approval from certain ministries and other authorities: for example, banks and financial institutions from the Central Bank of the UAE; insurance companies and related agencies from the Ministry of Economy and Commerce; manufacturing from the Ministry of Finance and Industry; and pharmaceutical and medical products from the Ministry of Health. More detailed procedures apply to businesses engaged in oil or gas production and related industries.

    Practising some trade activities (e.g. jewellery and insurance) requires the submission of a financial guarantee issued by a bank operating in UAE. In general, all commercial and industrial businesses in UAE should be registered with the Chamber of Commerce and Industry in the respective Emirate.

    Types of trade license

    The basic requirement for all business activity in Sharjah is one of the following three categories of licences

    • Commercial licences covering all kinds of trading activity.
    • Professional licences covering professions, services, craftsmen and artisans.
    • Industrial licences for establishing industrial or manufacturing activity

    The Authorities also issue some special licenses such as Business Operation Permit, Entrepreneurial Business License etc subject to certain criteria.

    Why a mainland Trade License is ideal for small business owners?

    • You need share capital for a free zone business. No capital is required for a sharjah mainland (DED) license.
    • A free zone license is strictly associated with rented free zone office space.Mainland businesses can be run from a cheaper business centre
    • Free zone business license and visa costs are cheaper, but it restricts you to work within free zones and international regions only – with a Mainland (DED) license, you can have clients from anywhere in UAE as well as internationally
    • The long-term free zone benefits and services are more appropriate for a large international company than a small business owner

    In both types of companies, there are no income taxes and if you’re thinking of starting a professional practice, you own the company 100%, regardless of whether it’s in free zone or mainland Sharjah.

    What are the requirements for obtaining a trade license?

    Prior to operating any business in Sharjah, it is first necessary to follow the steps outlined below in order to meet the legal requirements of all concerned government authorities and to guarantee maximum commercial benefit for the business owner.

    • Designate the category which the business falls into- commercial, industrial and/or professional
    • Determine all the related business activities to be included within each business license(Maximum 10 per license)
    • Make a decision as to your business’ appropriate legal status in UAE
    • Select an appropriate trading name for the business.
    • Submit an application to the Department for initial approval
    • Register a trade name after receiving initial approval(If you don’t have previously reserved a trade name)
    • Lease business premises and obtain approval from the Authority.
    • Prepare all required documents; such as memorandum of association and approvals from other relevant government authorities which may be necessary to each case.
    • Submit a further application to the Department to obtain the final license.
    • Pay the required fees.

    Renewal of Trade License

    One cannot conduct business in Sharjah without renewing the Trade Licence.When it’s time for your Sharjah trade license renewal, you can change your sponsor and business address, if required. HLB Hamt offers complete assistance in renewing the trade licence in whichever way you need.We will send you timely reminders when the renewal of your license is due.

    HLB Hamt will work with you to handle your business setup in UAE from start to finish.

    HLB Hamt will help you evaluate the structure that will work best for your company.
    We give strategic inputs, help you evaluate and select the right form of company, work with you on your business plan, handle paperwork and documentation formalities. In short, we handle everything you need.

    With HLB Hamt, you get the combination of our deep local knowledge and extensive experience, which gives us the ability to precisely understand the unique needs of your business. We are thus able to recommend the best possible options and ensure that your business is set up with minimal hassles and effort.

    We handle the details for you, so you’re free to concentrate on the bigger picture – your business

     

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    Varun R Chandra
    Varun R Chandra
    07:38 25 Apr 21
    HLB Hamt is highly recommended! They have the quality of services that would satisfy your needs. I'm glad I found them.
    Giuseppe Assi
    Giuseppe Assi
    06:20 31 Jan 21
    I HAD A GOOD EXPERIENCE WITH HLB HAMT DUBAI. THEY HAVE A VERY PROFESSIONAL TEAM, GOOD QUALITY OF SERVICES, GOOD VALUE... FOR PRICE.I RECOMMEND THIS COMPANY.read more
    Mohamed Sheriff
    Mohamed Sheriff
    16:16 28 Jun 20
    Experience with HLB Hamt in audit experience is great pleasure. They deploy well qualified accounts team for audits.... And the amount of checking they perform give the management of the company confidence that internal controls are well in place. We are glad to see they have high standard of audit practices.read more
    218141 JOSEPH THOMAS
    218141 JOSEPH THOMAS
    16:20 23 Jun 20
    Professionally managed firm with commitment to the engagements taken. My company and its group are assigning our... requirements for last 12 years to HLB and we don’t have any negative remarks on any assignments.read more
    PMI
    PMI
    07:14 23 Jun 20
    In my opinion, HLB Hamt is one of the best professional firms in UAE after big4. Excellent client service, professional... and competent staff and timely delivery are their strength. Over the years they have developed the infrastructure and skill set to handle multiple verticals ie, audit, tax services, consulting, IT support etc.Wishing HLB Hamt team all the very best.read more
    RAVI CHOKSI
    RAVI CHOKSI
    08:28 21 Jun 20
    Thank you Team HLB hamt...Your internal auditing team put the good amount of time and inputs in helping the... organisation making considerable improvements throughout the organisational working structure and helps in building the better business.Thanks.read more
    Maharajan Subramaniam
    Maharajan Subramaniam
    18:17 06 Jun 20
    High-Performing IT Teams, I'm impressed with the knowledge level of their deputed staff, audit procedures, and... checklist adopted. Mr. Vimal especially understand the requirement and provide solution not only technical feasibility and also considered budgeting. We’re confident in their abilities.read more
    Mohammed L
    Mohammed L
    08:07 05 Jun 20
    We have been working closely with them on payroll services for quite sometime.They provide very professional... services,experts in domain and excellent support. Would recommend them.Cheers.read more
    ROY ROSHAN VIVIAN
    ROY ROSHAN VIVIAN
    06:32 04 Jun 20
    Very professional team. Vimal has always given us good solution advice for various Software and IT Infra projects. We... are very Extremely satisfied working with him and his team. Wishing them success.read more
    Basil Daniells
    Basil Daniells
    05:55 03 Jun 20
    I have worked with HLB as a partner of Sage for about 2 years, they were dedicated to the success of the partnership... and kept aligned with the business plan that was agreed between our two companies. They are always ready to go the extra mile for a customer and don’t shy away from challenging circumstances. Keep up the good work and wish you all the success in the future.read more
    Amar Kashyap
    Amar Kashyap
    19:28 02 Jun 20
    Team of well qualified and organised professionals. Their reports are not based on numbers first they will understand... their client and their business. They are highly recommended and trust worthy.read more
    Radz de Jesus
    Radz de Jesus
    16:03 02 Jun 20
    We're glad to have found HLB Hamt to conduct the IT audit and risk assessment for our organization. We have learned a... lot from their team during that first project. And since then, we've continued to be in touch with them. Mr. Vimal especially is very good at presenting technical concepts in simple yet interesting ways that non-IT and business people alike would easily catch. We are very happy with the professionalism and quality of service they provide. They leave their clients nothing short of satisfied. Highly recommended.read more
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