Your Own Business Setup In Sharjah, Ajman – A Great Opportunity For Venturing Entrepreneurs

Business setup in Sharjah, Ajman is the most sought after opportunity for venturing entrepreneurs. The rise in the number of expatriates, the recent economic boom, and the tax free opportunities to earn money are the driving forces behind the successes of many a business setup in these regions.

Find the right office space

Sharjah and Ajman are homes to many multinational companies and since the business laws have been relaxed a little bit, more people are now setting up their own businesses in these areas. You should select the right location for setting up your own business here. It would not pay to establish a business setup in the centre of the city since many customers would not be able to reach you with ease. You need to set up your business in such a place that is convenient for both you to travel to as well as for your customers to travel to. If you set up a shop in the city, then it should be in an area known for a particular product or service. However, you must make sure that you have the amenities inside your company in case you have also established a factory in its vicinity.

Select a local partner

In case you would like to set up your business in areas such as Sharjah or Ajman, you would need to select a local as your business partner. He or she must own at least 51 percent of your business and take some of the profits every year. A local company can be set up anywhere in the city. For you, this will turn out to be a boon since you can establish your business in any location that is suitable to you. You must pay the local sponsor a certain amount of money on an annual basis and the rest of the profits will be yours’. You can even negotiate the fees with the local. Do develop a positive relationship with the sponsor since he or she can help you face any adversities that come your way.

Own a business 100%

How can you own a business 100% when you need to have a partner, who originates from Dubai? You can achieve this by setting up your business in a Free Zone. You would not even need to pay taxes for about 25 years or so when you establish your company in a Free Zone. Moreover, the business setup in free zone is duty free.