SRTIP License & Business Setup – Your Complete Guide to Starting a Business in Sharjah
Starting a business in the UAE just got easier! If you're looking for a place that supports innovation, technology, and research, Sharjah Research, Technology & Innovation Park (SRTIP) is the perfect choice. Whether you're a startup or an established company, SRTIP offers amazing benefits and a simple setup process.
Key Facts About SRTIP
Strategic Location
SRTIP is just 20 km from Dubai International Airport and 4.1 km from Sharjah International Airport.
Advanced Technology
SRTIP is at the forefront of next-generation technologies, including additive manufacturing, virtual reality, and blockchain.
Modern Facilities
SRTIP offers facilities that offer extensive resources for 3D printing using various materials and advanced labs for virtual and augmented reality.
Educational Hub
SRTIP is located in a university city with over 22 educational institutions and more than 45,000 students.
Affordable Setup
Your business license cost is quoted in writing before you start.
Business Setup Packages
RESEARCH PACKAGE
Without any Visa
- • Business license
- • Share Register
- • Free Lease Agreement
- • Memorandum of Association
- • Incorporation Certificate
- • 100% ownership without local sponsor
- • Add any 5 mix research and innovation related activities from 2000 activities
- • Free business consultancy
- • Add up to 100 shareholders into 1 Trade license
TRADE PACKAGE
With ONE Visa (Depending on chosen business activities)
- • Business license
- • Share Register
- • Free Lease Agreement
- • Memorandum of Association
- • Incorporation Certificate
- • 100% ownership without local sponsor
- • Add any 5 mix activities from 2000 activities
- • Medical Fitness Test of the company owner
- • Owner's biometric
- • Free bank account opening assistance only
- • Add up to 100 shareholders into 1 Trade license
Table of Contents
Use this table of contents to navigate through our comprehensive guide on setting up your business in SRTIP. Each section provides detailed information to help you understand the process better.
What is SRTIP?
SRTIP is a free zone located in Sharjah, UAE. It's designed for businesses that focus on technology, research, and innovation. Think of it as a hub where creative minds come together to build the future. SRTIP is not just a place to work, it's a community that helps businesses grow and succeed.
Why Choose SRTIP for Your Business?
Here are the top reasons why SRTIP is the best place to start your business:
100% Ownership
Unlike some other business setups in the UAE, SRTIP allows you to own your business completely. No need for a local partner!
Tax Benefits
0% personal income tax. Corporate tax is 9% only on profit above AED 375,000, and registration is included in every package from Standard upward.
World-Class Facilities
SRTIP offers modern offices, labs, and workspaces equipped with the latest technology.
Strategic Location
Sharjah is close to Dubai and other major UAE cities, making it easy to connect with clients and partners.
Support for Innovation
SRTIP is all about helping businesses in tech and research. You'll be surrounded by like-minded companies and experts.
Easy Setup Process
With the right guidance, setting up your business in SRTIP is quick and hassle-free.
Ready to take advantage of these amazing benefits? Let us help you start your business in SRTIP today!
Get Started NowWho Can Set Up a Business in SRTIP?
SRTIP is ideal for businesses in the following fields:
Technology
Software development, IT services, and more.
Research
Scientific research, environmental studies, and innovation projects.
Consulting
Business consulting, management services, and training.
Innovation
Startups and companies working on new ideas and solutions.
If your business fits into any of these categories, SRTIP is the place for you!
Check Your EligibilityWhat Types of Licenses Are Available in SRTIP?
SRTIP offers different types of licenses depending on your business activity. Here are the main ones:
Commercial License
For businesses involved in trading and services.
Industrial License
For manufacturing and production companies.
Professional License
For consultants, freelancers, and service providers.
We'll help you choose the right license for your business.
Why Start Your Business in SRTIP?
Starting a business in SRTIP is not just about getting a license, it's about joining a community that supports your growth. Here's what makes SRTIP special:
Networking Opportunities
Connect with other tech and research companies.
Access to Funding
SRTIP offers support for startups and innovative projects.
Government Support
Enjoy a business-friendly environment with minimal red tape.
Global Reach
SRTIP helps you connect with international markets.
Now that you know why SRTIP is a great choice, let's talk about the step-by-step process to get your SRTIP license and set up your business. In the next section, we'll cover everything from documents to costs and timelines.
Ready to Start?
Contact us today for a free consultation!
How to Get an SRTIP License – A Simple Step-by-Step Guide
Getting an SRTIP license is easier than you think! Here's a step-by-step guide to help you through the process:
Choose Your Business Activity
The first step is to decide what your business will do. SRTIP is ideal for businesses in technology, research, and innovation. Some examples include:
- IT services
- Scientific research
- Training and education
- Global Reach
Once you've chosen your activity, we'll help you pick the right license type.
Prepare Your Documents
To apply for an SRTIP license, you'll need the following documents:
Don't worry, we'll guide you through the document preparation process.
Required Documents:
- Passport Copies: For all business owners and shareholders.
- Business Plan: A clear plan explaining your business activities and goals.
- Application Form: Filled out with your business details.
- Proof of Address: Such as a utility bill or rental agreement.
Submit Your Application
Once your documents are ready, you can submit your application to SRTIP. We'll handle the entire process for you, saving you time and effort.
Pay the Fees
After your application is approved, you'll need to pay the license and registration fees. We quote each of these in writing before you start:
We'll provide a detailed cost breakdown and help you save money.
Estimated Costs:
- License Fees: Quoted in writing
- Visa Costs: Quoted in writing
- Other Fees: Quoted in writing
Start Your Business
Once everything is approved and paid, you're ready to start your business! SRTIP will issue your license, and you can begin operations immediately.
How Long Does It Take?
With our help, the licence process typically takes 1 to 2 weeks. Opening a corporate bank account for your business then depends on the bank's own review. We'll make sure everything is done correctly.
What's Next?
Now that you know how to get your SRTIP license, let's talk about the costs and requirements in detail. In the next section, we'll break down everything you need to know about fees, documents, and ongoing compliance.
Got Questions?
Contact us today, we're here to help!SRTIP License Costs and Requirements – Everything You Need to Know
Let's talk about the costs and requirements for setting up your business in SRTIP. We'll break it down into simple steps so you know exactly what to expect.
What Are the Costs of Setting Up a Business in SRTIP?
License Fees
Quoted in writing
Depending on your business activity
Misc Fees
Quoted in writing
Additional administrative costs
Visa Costs
Quoted in writing
For you, your family, and employees
Office Space
Quoted in writing
SRTIP offers flexible office solutions
A breakdown of some common costs is as under:
| Description | Cost |
|---|---|
| Residence Permit | 1,600 |
| Emirates ID | 370 |
| E-channel Registration | 2,300 |
| Medical | 750 |
Note: Please use these costs for estimation purposes only as they can be revised by the Government Authorities at any time.
Bank Account Note
In addition, you will need a company bank account. There is a huge variation in the bank account opening costs.
We'll provide a detailed quote based on your business needs.
What Are the Requirements for an SRTIP License?
We'll help you prepare all the required documents.
Required Documents
For all owners and shareholders.
A clear plan explaining your business activities.
Filled out with your business details.
Such as a utility bill or rental agreement.
Ongoing Compliance
This ensures your business stays active.
Such as maintaining proper records and reporting.
We'll guide you through the compliance process to keep your business running smoothly.
Why Choose First Idea Consultant?
We know SRTIP inside out.
Clear Guidance
We know SRTIP inside out.
Affordable Packages
No hidden fees, just clear pricing.
Personalized Service
We tailor our support to your needs.
Client Reviews
Read what clients say in our Google reviews.
Read what clients say in our Google reviews.
Start Your Business Journey TodayFrequently Asked Questions
What documents are required for setup?
Required documents typically include passport copies, visa copies, business plan, and other specific documents depending on the business type and jurisdiction. We provide a complete checklist.
How long does the setup process take?
The setup process typically takes 3-7 working days depending on the jurisdiction and business type. We prepare all the required documentation up front to avoid delays.
Do you provide ongoing support?
Yes, we provide comprehensive ongoing support including license renewals, visa services, accounting, and general business compliance assistance.
Ready to Start Your Business in SRTIP?
Now that you have all the information you need, it's time to take the next step. Contact us today for a free consultation and let us help you start your business journey in SRTIP.
Get Started Today