What is a Commercial License?
A commercial license is a legal document that gives businesses the right to operate in Sharjah. It covers various activities like selling products, importing goods from other countries, and storing or distributing items within the emirate.
How Much Does It Cost?
The cost of a commercial license in Sharjah can range between AED 5,000 to AED 30,000, depending on your business type and activities. This price covers the legal permission to run your business in the region.
Types of Commercial Licenses
There are different types of commercial licenses available, depending on what your business does. These include:
- General trading license: For businesses that want to trade in multiple products.
- Specific trading license: For businesses that focus on a particular product category.
- Import/export license: For companies involved in international trade.
- E-commerce license: For online businesses.
Who Can Apply?
Both individuals and companies can apply for a commercial license in Sharjah. If you’re an individual, you need to be at least 21 years old. UAE nationals can own the business fully, while foreign nationals must have a local sponsor who owns 51% of the company.
For companies, Limited Liability Companies (LLCs) need a minimum of two shareholders, while foreign companies can set up branches with 100% ownership in certain sectors.
How to Get a Commercial License
- Initial Approval: First, you’ll submit a business plan and choose a company name, which the SEDD will review.
- Documentation: After approval, you need to provide documents like passport copies, visa information, tenancy contracts, and a business plan.
- Final Submission: Submit all documents along with the application form and pay the necessary fees. Once everything is reviewed, your commercial license will be issued.
Maintaining and Renewing Your License
Commercial licenses in Sharjah are valid for one year and must be renewed annually. The renewal process usually starts 30 days before the license expires. You’ll need to submit renewal forms, lease agreements, and pay fees (usually between AED 10,000 to AED 15,000).
Benefits of a Commercial License
A commercial license in Sharjah offers many benefits:
- Legal permission to operate within the UAE.
- Ability to import/export goods and trade in various markets.
- Easier access to bank accounts, office spaces, and government support services.
- The option to sponsor visas for employees.
Holding a commercial license can also increase your company’s credibility and help you build trust with customers.
