Your Next Business Frontier in the UAE
Discover a Thriving Ecosystem Where Culture and Commerce Converge
Sharjah at a Glance
Sharjah has transformed from a modest trading port to a thriving economic center, blending rich cultural heritage with modern business acumen. As the third-largest emirate in the UAE, Sharjah offers:
Strategic Location
Strategic location with access to both the Arabian Gulf and Gulf of Oman.
Diversified Economy
Diversified economy focusing on manufacturing, logistics, and creative industries.
Industrial Free Zone
Home to the UAE’s first and largest industrial free zone.
Sustainability Initiatives
Pioneering initiatives in sustainability and environmental conservation.
Living in Sharjah
Sharjah provides a unique living experience that combines traditional values with modern amenities.
Quality of Life
- Family-friendly environment with over 25 museums and numerous cultural institutions.
- Cost of living 15-20% lower than neighboring Dubai.
Safety and Infrastructure
- One of the lowest crime rates in the world.
- Modern transportation network including international airport and seaports.
Cultural Diversity
- Home to over 1.7 million residents from diverse backgrounds.
- Named UNESCO World Book Capital in 2019.
Business Landscape
Sharjah offers a dynamic and supportive environment for businesses, characterized by robust growth, diversification, and investor-friendly policies. The emirate has positioned itself as a key player in the UAE’s economic landscape.
Economic Strength and Growth
- GDP growth: 6.5% in 2023, reaching approximately AED145.2 billion.
- Projected average growth: 2.8% during 2024-2027.
- GDP per capita forecast: $22,000 by 2024, up from $19,000 in 2020.
- Population: 1.8 million (2022 census), a 30% increase from 1.4 million in 2015.
Business-Friendly Environment
- No capital requirements for new business setups.
- 100% foreign ownership allowed in free zones.
- Large variety of licensing options available.
- 9% corporate tax on business profits above AED375,000 from June 1, 2023.
Strategic Advantages
- Access to a large market of over 1.8 million residents.
- Six free zones and 33 industrial areas providing robust infrastructure.
- Strong focus on key sectors: Cleantech, Digital and Creative Industries, and Edtech.
- $1.5 billion annual investment in education, ensuring a skilled workforce.
Government Support and Initiatives
- Sharjah Entrepreneurship Center (Sheraa) has empowered over 180 startups.
- Startups supported by Sheraa have generated $248 million in revenue.
- Sharjah SME Ruwad attracted 109 new projects in Q1 2024.
- Two pilot projects approved for financing with a total value of AED550,000 in Q1 2024.
Setting Up Your Business
Navigate the process of establishing your presence in Abu Dhabi with ease through:
Ranked 4th in GCC and 7th in MENA in the 2024 Global Startup Ecosystem Rankings.
Streamlined company formation through the Sharjah Investors Services Center (SAEED).
Options for mainland and free zone setups, providing flexibility for entrepreneurs.
A wide range of business activities is allowed, ensuring no operational limitations.
Key Business Districts
Sharjah offers diverse business environments to suit various corporate needs:
Free Zones
Sharjah’s free zones provide attractive benefits for international businesses, including 100% foreign ownership and tax exemptions. Key free zones include:
- Sharjah Airport International Free Zone (SAIF Zone)
- Hamriyah Free Zone
Mainland
- Sharjah Industrial Areas
- University City
Sharjah: Where Cost-Efficiency Meets Opportunity
Sharjah stands out as an ideal business destination due to its:
- Perfect blend of cultural richness and economic dynamism.
- Cost-effective business environment compared to neighboring emirates.
- Strong government support for innovation and entrepreneurship.
- Access to a diverse, skilled workforce.