Women Entrepreneurship in UAE: SRTIP Free Zone Makes Licensing Easier

Women Entrepreneurship in UAE: SRTIP Free Zone Makes Licensing Easier

The landscape of business set-up in the UAE has witnessed a promising influx of women entrepreneurs in recent years. The success of women entrepreneurship in the UAE can be attributed to many factors such as the country’s robust infrastructure, ease of doing business, supportive government reforms and a safer environment.

Moreover, the best UAE free zones such as the Sharjah Research Technology and Innovation Park (SRTIP) have come up with affordable license packages exclusively for women entrepreneurs. Business setup advisers in Sharjah can help women entrepreneurs decide whether these packages are right for them.

Now, let us dive in to explore the business setup packages for women entrepreneurs presented by the SRTIP free zone: (Note that this International Women’s Day offer is valid till March 31st 2024)

Female Innovators Package

The SRTIP Female Innovators Package allows the mixing of Commercial & Services (Standard) segments under one trade license along with General Trading (Special). However, this package is only applicable to women entrepreneurs & the appointment of the manager can be of any gender.

A maximum of five activities can be practiced under this package and adding new activity will not be permitted. Business setup consultants in Sharjah can provide you with more details about the package. The cost of this package is detailed in the following table:

Package Price in AEDVisa Quota
5,5000
7,0001
8,0002
9,0003
12,5004
13,5005
14,5006

 

Women in Technology Package

The process of business setup in SRTIP can be simplified with the Women in Technology Package. The package provides access to co-working space, Meeting rooms, an Innovation Lounge, a Collaboration Room, and a dining & Gaming Area & has four visa quotas included. The facility comes with all utilities (Wi-fi, SEWA) included.

The below table lists the cost of company formation in SRTIP under the Women in Technology Package:

 

DescriptionQuantityRateAmount in AEDDiscounted Package
Registration Fees1NilNilNil
Lease Charge For Co-working space16,5006,5006,500
General Service Fee12,5002,5002,500
Services Total90009000
Value Added Tax5%450450
License Fees1600060000
Support Scientific Research Sharjah Govt Fee1010
License & Fees6460460
Total Amount:154609460

 

An Overview of Business Setup in SRTIP

Established in 2016, the SRTIP free zone focuses on promoting research, technology, and innovation in various fields, including healthcare, energy, environment, and technology. The landscape of company formation in SRTIP provides entrepreneurs with a collaborative platform for academic institutions, businesses, and government agencies to work together to promote innovation and entrepreneurship.

By setting up a company in SRTIP, foreign investors get the benefit of facilities and services such as cutting-edge laboratories, research and development facilities, training programs, and funding opportunities. Business setup advisers in the UAE can help you get an SRTIP license without any hassle.

Benefits of Business Setup in SRTIP

Setting up a company in the SRTIP offers multiple benefits to all types of entrepreneurs including women investors. Given below are some of the top benefits of registering a company with the SRTIP free zone:

  • Cost-effective packages
  • 100% foreign ownership
  • Strategic location
  • Easy procedures
  • Modern infrastructure
  • Availability of all services under one roof
  • Support for innovation
  • Focus on key research areas (Renewable Energy, Water Management, Environmental Technology, Transport & Logistics, Production Design & Architecture and Digitalization Solutions)

Best Business Setup Advisers in Sharjah can Help You

Even though the process of business setup in SRTIP offers exclusive benefits, foreign investors need to deal with many requirements and regulations. Some of the complex requirements may delay the registration process but business setup consultants in Sharjah such as Jitendra Business Consultants (JBC) can help you.

JBC is one of the top providers of business setup services in Sharjah with years of experience. We can help you meet key requirements such as bank account opening, visa processing, and regulatory requirements related to UAE Corporate Tax, Economic Substance Regulations (ESR), Anti-Money Laundering (AML) and Ultimate Beneficial Ownership (UBO) etc.

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