SRTIP FREE ZONE Company Formation

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SRTIP Business Setup

SRTIP Free Zone Company Formation offers a unique and dynamic environment for businesses in Sharjah. Established in 2016, the SRTIP Free Zone is a leading hub for research, technology, and innovation, strategically located within Sharjah University City.

This free zone supports business setup in the SRTIP Free Zone, fostering collaboration between academia, government, and industries, particularly in technology, healthcare, education, and manufacturing.

With over 1,500 business activities and 3,000 active businesses, SRTIP serves as a growing center for innovation, offering modern infrastructure and resources that drive success for both startups and established enterprises.

The proximity to 22 universities and educational institutions, home to over 2,000 PhD researchers, adds value by facilitating knowledge exchange and talent acquisition.

Key features of the SRTIP free zone include state-of-the-art prototyping facilities like the SoiLab, a cutting-edge laboratory that supports research and development, allowing entrepreneurs to create and refine prototypes. This aligns with the SRTIP-free zone’s commitment to innovation, offering businesses the resources to thrive.
When considering SRTIP free zone company formation, companies can expect an environment that nurtures innovation, offers access to industry leaders, and provides resources for growth. For accurate details on SRTIP free zone license cost and business setup in the SRTIP free zone, reaching out to an SRTIP free zone business setup consultant will ensure smooth and effective company formation.

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SRTIP Business Setup Advantages

Full Foreign Ownership

International businesses can maintain 100% ownership without the need for a local Emirati sponsor, making SRTIP-free zone company formation ideal for foreign entrepreneurs.

Tax Benefits

Zero corporate and personal income taxes.

Innovation Ecosystem

Dynamic innovation-driven environment allowing collaboration and partnerships with access to academic institutions, research centers, and specialized labs.

Strategic Location

Offering proximity to talent, research institutions, and easy access to international markets via Sharjah’s ports and airports.

State-of-the-Art Facilities

World-class infrastructure, including advanced laboratories, co-working spaces, and prototyping centers like SoiLAB.

Flexible Licensing Options

Offers a variety of business setup options, including cost-efficient licensing structures and flexible office space options.

License Available in SRTIP

Trading License: For businesses engaged in import/export, distribution, and the sale of innovative products and technologies.

Service License: For businesses providing specialized services in research, development, consulting, IT solutions, engineering services, and consultancy firms

Industrial License: For businesses involved in manufacturing, production, assembly, technology and smart manufacturing processes.

Holding License: For parent companies holding assets or shares in other companies, managing multiple subsidiaries.

Research & Development License: For entities focused on innovation and R&D activities.

01 Choose Business Activity and License Type

Decide on the business activity (trading, service, research & development) and choose the relevant license.

02 Choose Company Structure

Determine your company structure, it will influence the setup requirements and capital needs. Options include:

Free Zone Establishment (FZE) for single shareholders.
Free Zone Company (FZC) for multiple shareholders.
Branch of an existing company.

03 Submit Application

Complete the SRTIP application form and ensure required documents are complete to avoid delays, online submission accelerates this process.

Takes 1 to 3 days

04 Initial Approval

SRTIP will review the application, additional documents or information may be requested, you will receive confirmation once your business setup is approved.

Takes 2 to 5 business days

05 Sign Legal Documents & Lease Agreement

After the approval, you will need to sign legal documents, including the Memorandum of Association (MoA) and the lease agreement for an office or warehouse space.

Takes 1 to 2 days

06 Payment of Fees

Make sure to pay all due fees promptly, including setup costs, office space rental, and any visa processing fees.

Takes 1 to 2 days

07 Receive Business License

After payments are made and documents are signed, you will receive the official business license, you can now start your operations in SRTIP.

Takes 2 to 3 days

08 Visa Processing (if applicable)

For residency visas, you can apply for them through SRTIP, including owner, partner, and employee visas.

Takes 7 to 14 days

Documents Required in SRTIP

Required documents vary based on the legal structure of the business: FZE, FZCO and Branch Office.

Document Type	FZE (Free Zone Establishment)	FZCO (Free Zone Company)	Branch Office	SRTIP (Special Trade and Investment Project)
Passport copies of shareholders	Single shareholder (required)	Multiple shareholders (required)	Parent company’s directors/shareholders	Required for all shareholders
	Passport copies of managers	Required	Required	Required	Required
		Personal Information Form	Required for shareholder and manager	Required for all shareholders and managers	Required for branch manager	Required for all shareholders and managers
			Visa/Emirates ID copies (for UAE residents)	Required if applicable	Required if applicable	Required if applicable	Required if applicable
				Application Form	Required	Required	Required (local address)
					Business Plan	Required (for certain activities)	Required (for certain activities)	Required (for certain activities)	Required
Board Resolution (Parent Company)						Not applicable	Not applicable	Required (to establish branch)	Required
	Certificate of Incorporation (Parent Company)					Not applicable	Not applicable	Required	Required
		Memorandum and Articles of Association				Parent company’s MOA required	Parent company’s MOA required	Parent company’s MOA required	Parent company’s MOA required
			Shareholder Resolution			Required for company establishment	Required for company establishment	Not applicable	Required for establishment
				Lease Agreement		Required (for office or warehouse space)	Required	Required	Required (for office/warehouse space)
					Company Name Reservation	Required	Required	Required	Required
No Objection Letter (if applicable)						For UAE residents if applicable	For UAE residents if applicable	For UAE residents if applicable	For UAE residents if applicable
	Bank Reference Letter					Required (for shareholder)	Required (for all shareholders)	Not applicable	Required for shareholder

Business Setup in SRTIP Free Zone Cost

When it comes to SRTIP Free Zone license cost, the starting price for all licenses begins at AED 5,000. However, the total cost for business setup in the SRTIP free zone may vary depending on the type of license you select

Additional expenses include office space, which can fluctuate depending on the size and location, local sponsor fees if applicable, as well as visa and permit costs.
As SRTIP free zone company formation can involve various financial factors. Note the price is an estimate and will vary based on specific business needs. For an accurate cost breakdown of the SRTIP free zone license cost and to ensure a smooth business setup in the SRTIP free zone, get in touch with our SRTIP free zone business setup consultants who can provide tailored guidance.

*Note the price is an estimate and will vary in reality. For an accurate cost breakdown, get in touch with our consultants.

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