Sharjah Research, Technology, and Innovation Park
Sharjah Research, Technology, and Innovation Park Authority, Sharjah
Description
SRTIP is a free zone dedicated to fostering research, technology, and innovation, offering state-of-the-art laboratories, R&D facilities, and support services to businesses in sectors like renewable energy, water management, environmental technology, and digitalization.
| Emirate | Sharjah |
| Website | https://srtip.ae/ |
| Contact Email | info@srtip.ae |
| Contact Info |
Phone: +971 6 502 9999
Address: P.O. Box 66644, Sharjah, UAE
|
| Year Established | 2016 |
| License Types | Trading License, Industrial License, Service License |
| License Cost | License costs vary depending on the type and scope of business activities. |
| Formation Cost | AED 5,500.00 - Formation costs start from AED 5,500 for a zero-visa package, with options for installment payments. |
| Minimum Capital Requirement | No minimum share capital requirement. |
| Allowed Business Activities | Renewable Energy, Water Management, Environmental Technology, Transport & Logistics, Digitalization |
| Company Legal Structures | Free Zone Establishment (FZE), Free Zone Company (FZC), Branch of a Foreign Company |
| Restricted Activities | Activities conflicting with UAE laws and Islamic morals |
| Investor Visa Cost | Visa costs depend on the business package and number of visas required. |
| Employee Visa Cost | Employee visa costs vary based on the company's requirements and the number of visas. |
| Processing Time (Days) | Processing times vary depending on the business setup package and compliance with requirements. |
| Physical Office Required | No |
| Office Space Options | Flexi-desk, Co-working Spaces, Private Offices, Plots for Custom Setups |
| Office Space Cost | Office space costs depend on the type and size of the facility chosen. |
| Virtual Office Available | Yes |
| Bank Account Assistance | Yes |
| Bank Account Cost | Assistance with bank account opening is provided; costs vary by bank and account type. |
| Partner Banks | Emirates NBD, Mashreq Bank, RAKBANK |
| Governing Laws | Subject to UAE federal laws and regulations. |
| VAT Registration Required | Yes |
| Corporate Tax Applicable | No |
| Annual Audit Required | Yes |
| Renewal Fees | Renewal fees vary based on the license type and business activities. |
| Business Restrictions | Prohibited from engaging in activities outside the scope of licensed operations. |
| Ownership Structure | 100% foreign ownership allowed. |
| Import/Export Restrictions | No No restrictions; businesses benefit from 100% import and export tax exemption. |
| Benefits | Cost-effective business setup, Access to advanced R&D facilities, Flexible office space options, No minimum share capital requirement, 100% repatriation of capital and profits |
| Drawbacks | Specific focus on research and innovation sectors may limit suitability for some business types. |
| Specific Compliance Requirements | Compliance with UAE labor laws, Adherence to SRTIP regulations and guidelines |
