SRTIP, or Sharjah Research, Technology, and Innovation Park, is a pioneering free zone located within the vibrant Sharjah University City. Established in 2016, SRTIP aims to create a dedicated environment for innovation, research, and technology, fostering collaboration between academia, businesses, and government entities.
With a growing portfolio of over 1,500 business activities and more than 3,000 active businesses, SRTIP serves as a dynamic hub that attracts entrepreneurs and innovators from various sectors, including technology, healthcare, education, and manufacturing.
Setting up a business in SRTIP provides companies with access to a designated jurisdiction that promotes research and innovation. The free zone is strategically designed to nurture startups and established enterprises by offering them the infrastructure and resources necessary to thrive.
One of the standout features of SRTIP is its proximity to 22 universities and educational institutions, which together host over 2,000 PhD researchers. This rich academic ecosystem creates opportunities for knowledge exchange, collaboration, and talent acquisition, making SRTIP an attractive destination for businesses focused on research and development.
In addition to its educational partnerships, SRTIP boasts a range of collective facilities aimed at supporting businesses in their innovation journeys. Among these is the SoiLab, a state-of-the-art prototyping laboratory that provides entrepreneurs and researchers with the tools and resources needed to develop and test new ideas and products. The SoiLab offers cutting-edge technology and equipment, allowing users to create prototypes, conduct experiments, and refine their concepts in a supportive environment.
International businesses do not require a local Emirati sponsor to be a partner to operate, maintaining 100% ownership.
Zero corporate and personal income taxes.
Dynamic innovation-driven environment allowing collaboration and partnerships with access to academic institutions, research centers, and specialized labs.
Offering proximity to talent, research institutions, and easy access to international markets via Sharjah’s ports and airports.
World-class infrastructure, including advanced laboratories, co-working spaces, and prototyping centers like SoiLAB.
Offers a variety of business setup options, including cost-efficient licensing structures and flexible office space options.
Decide on the business activity (trading, service, research & development) and choose the relevant license.
Determine your company structure, it will influence the setup requirements and capital needs. Options include:
Complete the SRTIP application form and ensure required documents are complete to avoid delays, online submission accelerates this process.
Takes 1 to 3 days
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
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
Make sure to pay all due fees promptly, including setup costs, office space rental, and any visa processing fees.
Takes 1 to 2 days
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
For residency visas, you can apply for them through SRTIP, including owner, partner, and employee visas.
Takes 7 to 14 days
Required documents vary based on the legal structure of the business: FZE, FZCO and Branch Office.
The cost of setting up a business in SRTIP varies depending on the type of license you require, the starting price of all licenses is AED 5,000.
In addition to the license fees, other potential costs include office space, which can vary significantly based on location and size. Local sponsor fees if applicable and visa and permit costs also add to the overall expenses.
*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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