Sharjah Research, Technology and Innovation Park (SRTIP) is a premium free zone that aims to turn Sharjah into a highly developed innovation expo system. Right from its inception in 2016, the free zone has managed to make the process of business setup in Sharjah more conducive for companies focusing on research and development. The free zone boasts of a strategic location, various business licenses, world-class facilities, and affordable business setup packages for foreign investors interested in the process of business setup in SRTIP.
Business setup consultants in UAE can help the investors to make the company formation process easier. Investors interested to know the features, facilities, and benefits of setting up a business in SRTIP can read ahead.
Location is one of the first determinants that an investor must check before selecting a free zone for company formation in the UAE. The SRTI Park scores highly in this aspect as the free zone is strategically located between Sharjah Airport Road and the University City Road. The free zone leverages a robust global logistics and transport network as it is only five minutes from Sharjah International Airport and 20 minutes from Dubai International Airport.
The ongoing developments in nearby areas such as Al Mamsha, Al Jada and Al Zahia will benefit investors setting up businesses in SRTI Park. The developments in these areas will bolster the appeal of the 2 square kilometre area providing significant residential opportunities for companies incorporated in the SRTIP free zone. The free zone is situated in Sharjah, which is the third-largest emirate in the UAE. Sharjah is known for its industrial prowess and cost-effective living conditions as the availability of a cheap yet talented workforce.
Free Zones in the UAE is known for offering state of the art facilities for investors. So, when investors plan to initiate the process of business setup in the UAE free zones, he or she should check which free zone offers the best facilities compared to all other zones. Since the SRTI Park is an innovation centre, the facilities offered by the free zone meet the standards such businesses typically demand. The free zone offers the following facilities that make the company formation in SRTIP worth the investment:
Here the investors get a designated desk where they can bring their laptops and start working right away. The co-working space comes with features such as a designated desk, shared working space, meeting rooms and three visa quotas per desk.
It comes with fully furnished offices of 16 square meters each, ideally designed for startup businesses in SRTI Park. Startup office provides a furnished office, three desks, a private working area, meeting rooms and six visa quotas per office.
The SME Office is situated at the main Headquarters in which the investors can set up their 20-27sqm furnished offices. It comes with a furnished office, four to six desks, a private working area, meeting rooms, and eight visa quotas per office.
This package allows the investors to set up their company at SRTI Park HQ with a 50-80 sqm fully furnished office space. The benefits are a fitted office, 10+ visa quota per office, a Private working area and meeting rooms.
The target sector of Innovation Offices is those businesses that wish to lease HQ open area space. It comes with benefits such as Working space as per client needs, Visa quota included as per client needs, receptionist, meeting rooms etc.
This facility is designed for developers and retailers who wish to lease land and establish their projects within the SRTI Park. The investors can enjoy features such as competitive lease rates, plot allocation within prime Sharjah location, visa quota included as per client needs and 24/7 security.
This type of office space is perfect for start-up businesses less than three years old. Entrepreneurs would get unlimited access to Innovation Lounge at SRTI Park, access to professional networking events, Accessibility to local, regional, and international markets and a critical mass of sector knowledge and talent.
This is a subsidised package for women entrepreneurs working in SRTI Park’s focus areas. The benefits include unlimited access to Innovation Lounge, Confined private areas exclusively for women, a Fast-tracked business establishment, Access to professional networking events.
This is a special package designed for researchers, PhD holders, and specialists in the six focus areas with benefits such as unlimited access to Innovation Lounge at SRTI Park, fast-tracked business establishment, access to University City students and researchers, accessibility to local, regional and international markets, etc.
The SRTIP free zone’s six focuses areas of research are;
The innovator’s package offered by SRTI Park is one of the most cost-effective license packages available for business setup in Sharjah, UAE. Investors can start a company in SRTI Park for as low as AED 6,000 and enjoy the industry-specific support system offered by the free zone. Business setup consultants in Sharjah can assist the investors in availing of the benefits of the package without any hassle.
Companies incorporated in the free zones are not legally allowed to trade directly in the UAE mainland market. Access to the UAE market is essential to ensure more business opportunities and a large customer base. However, SRTI Park is one of the few free zones in the UAE that allows the companies under its license to operate in the mainland as well. For this, the business owners need to apply for a dual license provided by the free zone in partnership with the Sharjah Economic Development Department (SEDD).
Dual license holders within the free zone can extend their operations into the mainland while operating from their free zone office. A dual license saves the office space and other related costs of opening a mainland company in Sharjah. Business setup consultants in Sharjah can help the Investors understand the activities allowed under a dual license along with other prerequisites.
The SRTI Park is one of the best free zones in Sharjah that perfectly fits the game plan of investors focusing on the Research and Development sector. When it comes to the process of business setup in Sharjah, SRTIP offers the best packages and facilities for innovative entrepreneurs. However, entrepreneurs always need expert assistance to untangle the complexities associated with the process of business setup in the SRTI Park free zone. A better solution for that issue will be to get the services of the best business setup consultants in Sharjah such as Jitendra Business Consultants (JBC).
JBC offers the best business setup services in Sharjah to investors, entrepreneurs, small businesses and startups, and corporate entities. We take care of the legal requirements such as document drafting, visa processing, bank account opening, accounting & auditing services for the companies. JBC could be the best partner for investors to meet compliance requirements related to Anti-money Laundering (AML), Ultimate Beneficial Ownership (UBO) and Economic Substance Regulation(ESR). Hiring JBC is the easiest route to simplify compliance requirements while setting up a business in the SRTIP free zone.
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Sharjah Media City, Sharjah, United Arab Emirates
Mobile: +971 50 644 3537