SRTIP License & Business Setup – Your Complete Guide to Starting a Business in Sharjah
Starting a business in the UAE just got easier! If you’re looking for a place that supports innovation, technology, and research, Sharjah Research, Technology & Innovation Park (SRTIP) is the perfect choice. Whether you’re a startup or an established company, SRTIP offers amazing benefits and a simple setup process.
Key Facts
SRTIP is just 20 km from Dubai International Airport and 4.1 km from Sharjah International Airport.
SRTIP is at the forefront of next-generation technologies, including additive manufacturing, virtual reality, and blockchain.
SRTIP offers facilities that offer extensive resources for 3D printing using various materials and advanced labs for virtual and augmented reality.
SRTIP is located in a university city with over 22 educational institutions and more than 45,000 students.
Business License cost starts from just AED 5,500.
Business Setup Packages
RESEARCH PACKAGE
Without any Visa
- Business license
- Share Register
- Free Lease Agreement
- Memorandum of Association
- Incorporation Certificate
- 100% ownership without local sponsor
- Add any 5 mix research and innovation related activities from 2000 activities
- Free business consultancy
- Add up to 100 shareholders into 1 Trade license
TRADE PACKAGE
With ONE Visa (Depending on chosen business activities)
- Business license
- Share Register
- Free Lease Agreement
- Memorandum of Association
- Incorporation Certificate
- 100% ownership without local sponsor
- Add any 5 mix activities from 2000 activities
- Medical Fitness Test of the company owner
- Owner’s biometric
- Free bank account opening assistance only
- Add up to 100 shareholders into 1 Trade license
Table of Contents
- What is SRTIP?
- Why Choose SRTIP for Your Business?
- Who Can Set Up a Business in SRTIP?
- What Types of Licenses Are Available in SRTIP?
- Why Start Your Business in SRTIP?
- How to Get an SRTIP License – A Simple Step-by-Step Guide
- SRTIP License Costs and Requirements – Everything You Need to Know
- Why Choose First Idea Setup?
- Frequently Asked Questions
- Ready to Start Your Business in SRTIP?
What is SRTIP?
SRTIP is a free zone located in Sharjah, UAE. It’s designed for businesses that focus on technology, research, and innovation. Think of it as a hub where creative minds come together to build the future. SRTIP is not just a place to work—it’s a community that helps businesses grow and succeed.
Why Choose SRTIP for Your Business?
Here are the top reasons why SRTIP is the best place to start your business:
100% Ownership
Unlike some other business setups in the UAE, SRTIP allows you to own your business completely. No need for a local partner!
Tax Benefits
Enjoy zero taxes on your income and profits. This means more money stays in your pocket.
World-Class Facilities
SRTIP offers modern offices, labs, and workspaces equipped with the latest technology.
Strategic Location
Sharjah is close to Dubai and other major UAE cities, making it easy to connect with clients and partners.
Support for Innovation
SRTIP is all about helping businesses in tech and research. You’ll be surrounded by like-minded companies and experts.
Easy Setup Process
With the right guidance, setting up your business in SRTIP is quick and hassle-free.
Who Can Set Up a Business in SRTIP?
Technology
Software development, IT services, and more.
Research
Scientific research, environmental studies, and innovation projects.
Consulting
Business consulting, management services, and training.
Innovation
Startups and companies working on new ideas and solutions.
What Types of Licenses Are Available in SRTIP?
Commercial License
For businesses involved in trading and services.
Industrial License
For manufacturing and production companies.
Professional License
For consultants, freelancers, and service providers.
Why Start Your Business in SRTIP?
Networking Opportunities
Connect with other tech and research companies.
Access to Funding
SRTIP offers support for startups and innovative projects.
Government Support
Enjoy a business-friendly environment with minimal red tape.
Global Reach
SRTIP helps you connect with international markets.
How to Get an SRTIP License – A Simple Step-by-Step Guide
Step 1:
Choose Your Business Activity
- The first step is to decide what your business will do. SRTIP is ideal for businesses in technology, research, and innovation. Some examples include:
Global Reach
IT services
Scientific research
Scientific research
Training and education
- Once you’ve chosen your activity, we’ll help you pick the right license type.
Step 2:
Choose Your Business Activity
- To apply for an SRTIP license, you’ll need the following documents:
Passport Copies: For all business owners and shareholders.
Business Plan: A clear plan explaining your business activities and goals.
Application Form: Filled out with your business details.
Proof of Address: Such as a utility bill or rental agreement.
- Don’t worry—we’ll guide you through the document preparation process.
Step 3:
Submit Your Application
- Once your documents are ready, you can submit your application to SRTIP. We’ll handle the entire process for you, saving you time and effort.
Step 4:
Pay the Fees
- After your application is approved, you’ll need to pay the license and registration fees. Here’s a rough idea of the costs:
License Fees: Ranging between AED 5,500 - AED 13,990.
Visa Costs: AED 3,500 – 5,000 per visa.
Other Fees: Around AED 5,000.
- We’ll provide a detailed cost breakdown and help you save money.
Step 5:
Start Your Business
- Once everything is approved and paid, you’re ready to start your business! SRTIP will issue your license, and you can begin operations immediately.
How Long Does It Take?
What’s Next?
Now that you know how to get your SRTIP license, let’s talk about the costs and requirements in detail. In the next section, we’ll break down everything you need to know about fees, documents, and ongoing compliance.
SRTIP License Costs and Requirements – Everything You Need to Know
What Are the Costs of Setting Up a Business in SRTIP?
License Fees
Starting from AED 5,500, depending on your business activity.
Misc Fees
Around AED 5,000.
Visa Costs
AED 3,500–5,000 per visa (for you, your family, and employees).
Office Space
SRTIP offers flexible office solutions, starting from AED 10,000 per year.
| Description | Cost (AED) |
|---|---|
| Residence Permit | 1,600 |
| Emirates ID | 370 |
| E-channel Registration | 2,300 |
| Medical | 750 |
Note: Please use these costs for estimation purposes only as they can be revised by the Government Authorities at any time.
What Are the Requirements for an SRTIP License?
Passport Copies: For all owners and shareholders.
Business Plan: A clear plan explaining your business activities.
Application Form: Filled out with your business details.
Proof of Address: Such as a utility bill or rental agreement.
Ongoing Compliance
Once your business is set up, you’ll need to:
Renew Your License Annually: This ensures your business stays active.
Follow SRTIP Rules: Such as maintaining proper records and reporting.
Why Choose First Idea Setup?
Expert Guidance: We know SRTIP inside out.
Affordable Packages: No hidden fees—just clear pricing.
Personalized Service: We tailor our support to your needs.
Proven Results: Check out our happy client stories!
Frequently Asked Questions
FAQ
You can start tech, research, consulting, and innovation-based businesses.
It usually takes 1–2 weeks with our help. This timeline includes opening of your business bank account.
Yes, you can get visas for yourself, your family, and your employees.
You’ll need to renew your license annually and follow SRTIP’s rules.
