Sharjah Media City Free Zone
Setting up a business in Sharjah Media City FreeZone
Sharjah’s free zone is set up as a free trade zone for both local and foreign investors. Sharjah’s free zone offers everything that an interested business set out to achieve can get from the Dubai business scene. Sharjah’s free zone has the most comprehensive commercial property market in all of UAE. The Dubai free zone is the biggest commercial property market in the region, with investments in different industries ranging from industrial to the food, real estate and offshore banking. Sharjah’s free zone also features world-class infrastructure and modern governmentality, making it the perfect place to set up shop and make a mark for yourself. Sharjah’s Free Zone offers a range of benefits to both local and foreign investors and this article highlights some of them.
Sharjah’s free zones have the highest number of foreign direct investment as per a study released by CIDSE (Commerce and Investment Research Centre). Sharjah’s premium rates attract more foreign investors to buy property in Sharjah. This is because the taxes in Sharjah are lower than any other cities in UAE. This is one reason why Sharjah has the highest number of foreign direct investment as per CIDSE research.
Sharjah’s free zone is home to some of the best and most affluent entrepreneurs in the country. Located right next to Dubai, Sharjah’s location makes it the ultimate destination for corporate and international business setup. The Sharjah Media City area houses a large number of multi-national companies, with a high standard of living and a highly favorable business setup. Sharjah has been the favorite destination of many entrepreneurs, who set up their businesses here. As the only Dubai location offering a high standard of living, along with state-of-the-art infrastructure and legal environment, Sharjah attracts aspiring entrepreneurs every year.
Sharjah’s free zone offers investors a lot of benefits that they can make use of. Because there are no restrictions on company formation, more companies are establishing their headquarters in Sharjah. Also, as the cost of doing business in Sharjah is less than anywhere else in the region, more investors are making business activities in Sharjah and doing so, they enjoy several benefits. These benefits include the following:
A competitive business environment – Sharjah is home to many multinational companies as well as a large number of domestic and foreign investors. This has a big impact on the level of competition that an entrepreneur will face. If you are thinking of setting up your own business in Sharjah then you have an excellent advantage compared to other local competitors. This is because the government of Sharjah has worked hard to facilitate business setup in the free zone, making it easy for foreign entrepreneurs to set up their companies, without any hindrances.
A friendly workforce – Sharjah’s free zones provide a friendly workforce to its entrepreneurs. This is because there are a lot of job opportunities in the free zones for both UAE nationals and foreign entrepreneurs. Companies that want to establish their headquarters in Sharjah can choose from a large number of fields including, IT, management, engineering, commerce, media and banking. All of these industries enjoy good employment prospects for both local and foreign investors.
A booming market – Sharjah’s free zones provide a great platform for investors to make their investments work. Sharjah’s free zones feature many shopping malls and parks that attract a huge number of local and international tourists. Sharjah’s ruler, the emirate’s chief executive officer and other members of the Royal House are regularly seen on Sharjah TV and radio channels engaged in various forms of business. These businessmen have a lot of reasons to move to Sharjah and invest in the region’s growing economy.