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SHARJAH ECNOMIC
Department
What is the Sharjah Economic Development Department (SEDD)?
The Sharjah Economic Development Department is the government agency responsible for overseeing economic activity within the Emirate. They strive to create a thriving and diverse business environment that is attractive to investors and startups.
SEDD achieves this by streamlining business setup and operations. They provide a framework of clear regulations, permits and licenses. SEDD also offers valuable business support and promotes Sharjah as a place to invest. Businesses can gain access to clear regulations by working with SEDD.
SEDD is also called the Economic Development Department, and it advocates economic development. SEDD’s wide range of services simplifies Sharjah’s business establishment process. This includes streamlining administrative processes, creating a business-friendly environment, and promoting transparency in accountability.
What is a SEDD License?
A SEDD license is an official authorization for you to run a business in the Sharjah Emirate outside any free zones. This license is key to doing business in the UAE and its free zones, as well as neighbouring Gulf Cooperation Council countries. SEDD offers a variety of licenses to cater for different business activities. The most popular is the Limited Liability Company structure. A Sharjah LLC license gives you flexibility. You can lease or buy commercial property in any part of Sharjah, conduct business activities other than banking, insurance and investment, and carry out a variety of business operations. Once your business has been registered with SEDD you can also enjoy a 5% exemption on imports.
Benefits of Setting up a Company in SEDD Sharjah
The Sharjah Economic Development Department (SEDD) regulates and promotes sustainable economic development in the Emirate of Sharjah. Obtaining a license from SEDD provides several benefits for businesses and entrepreneurs:
Legal operation
With a SEDD license, you can be sure that your business is operating within Sharjah’s legal framework. You are protected from penalties and complications.
Access to markets
This license allows you to access the entire UAE market including all free zones, as well as neighboring GCC nations, thereby allowing you to reach a much wider range of customers.
The Credibility of the Business
A SEDD licence signifies credibility and builds trust with clients, investors, and partners. It also enhances your business’ reputation.
Banking benifits
This license simplifies the process of opening corporate bank accounts as well as gaining access to financing options that are crucial for business growth.
Resource accessibility
SEDD can help you find valuable resources, such as office space, business services and talent, to streamline your operations.
Protect yourself from Pitfalls and Disputes
The legal frameworks created by SEDD offer a certain level of protection for business disputes and unforeseen challenges.
Networking Opportunities
SEDD facilitates many networking events, and helps to connect the Sharjah community with other businesses. This leads to valuable business partnerships.
Investment and Expansion
SEDD’s supportive environment encourages business growth. It is easier to find investors and expand operations.
Access to Govt Projects
A SEDD license can increase your chances of participating in government projects in Sharjah, depending on your field.
DET Services in Dubai
The Economic Development Department of Sharjah offers a variety of services. These can be classified into the following categories.
Top Activities in Sharjah Economic Department (SEDD)
The Sharjah Economic Development Department unlocks an exciting world of opportunities for business with its over 3,000 different activities. These activities cover a wide range of sectors including commercial, industrial and professional. SEDD, unlike some of its competitors, offers clear guidelines on the location and size requirements required for specific activities.
The transparent licensing system simplifies things – you just need to select your activity and SEDD will assign a license that is appropriate (professional for professional activities etc.). SEDD does more than just the basics. Sharjah Economic Development Department understands how complex running a business can be. They identify the dominant activity for multi-activity ventures to streamline licensing. SEDD also champions flexibility.
You need to combine your industrial, commercial or professional activities. SEDD will make it possible as long as the activities are aligned or you have secured the required permissions. You can create a unique business model. However, tourism activities require dedicated licenses. Ignitezone’s Sharjah team of business setup experts will guide you through the process and ensure a successful launch.