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SRTIP FREE ZONE Company Formation

Unlocking the Power of Science, Research, and Technology for Innovative Progress

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SRTIP Business Setup

The Sharjah Research, Technology and Innovation Park (SRTIP) Free Zone, established in 2016, offers a vibrant ecosystem tailored to support research, innovation, and technology-focused businesses. Strategically located in Sharjah University City, it provides a collaborative platform for academia, industry, and government to converge.

SRTIP fosters a conducive environment for businesses in sectors such as technology, education, healthcare, and manufacturing. With over 1,500 permitted business activities and 3,000 active businesses, it is a fast-growing innovation hub.

Its proximity to 22 academic institutions and access to over 2,000 PhD researchers enhance knowledge transfer and talent acquisition, crucial for innovative enterprises.

A standout feature is SoiLAB, SRTIP’s advanced prototyping and fabrication lab, empowering entrepreneurs to develop and test product prototypes, underscoring the zone’s commitment to R&D and technological advancement.

For precise guidance on SRTIP Free Zone license costs and the business setup process, consulting with an SRTIP setup expert ensures seamless company formation.

SRTIP Business Setup Advantages

Full Foreign Ownership

100% ownership with no requirement for a local Emirati sponsor—ideal for international entrepreneurs.

Tax Benefits

Complete exemption from corporate and personal income taxes.

Innovation Ecosystem

Collaborate with academic institutions, access research centers, and utilize specialized facilities in a knowledge-driven environment.

Strategic Location

Close to universities, a skilled talent pool, and international ports and airports—ideal for global operations.

State-of-the-Art Facilities

Includes modern labs, co-working areas, and innovation centers like SoiLAB.

Flexible Licensing Options

Cost-effective licensing structures and tailored office solutions to meet diverse business needs.

SRTIP Business Setup Process

Timeline: 7 to 14 Business Days

Step 1: Choose Business Activity and License Type

Select your core business activity (trading, services, R&D) and determine the corresponding license type.

Step 2: Choose Company Structure

Decide on your legal structure based on ownership and operational needs:

✅ Free Zone Establishment (FZE) – Single shareholder

✅ Free Zone Company (FZC) – Multiple shareholders

✅ Branch Office of an existing local or international company

Step 3: Submit Application

Complete and submit the business setup application along with all required documents.
 Processing Time: 1–3 Business Days

Step 4: Initial Approval

SRTIP reviews your application and may request additional details.
 Processing Time: 2–5 Business Days

Step 5: Sign Legal Documents & Lease Agreement

Sign the Memorandum of Association (MoA) and lease agreement for your chosen office or facility.
 Processing Time: 1–2 Business Days

Step 6: Payment of Fees

Pay all applicable charges, including setup fees, license fees, and rental costs.
 Processing Time: 1–2 Business Days

Step 7: Receive Business License

Once all steps are completed, your official SRTIP business license will be issued.
 Processing Time: 2–3 Business Days

Step 8: Visa Processing (if applicable)

Apply for UAE residency visas for owners, partners, and employees through SRTIP.
 Processing Time: 7–14 Business Days

Documents Required in SRTIP

Required documents vary based on the legal structure of the business: FZE, FZCO and Branch Office.

Document TypeFZE
(Free Zone Establishment)		FZCO
(Free Zone Company)		Branch OfficeSRTIP
(Special Trade and Investment Project)
No Objection Letter (if applicable)For UAE residents if applicableFor UAE residents if applicableFor UAE residents if applicableFor UAE residents if applicable
Passport copies of shareholdersSingle shareholder (required)Multiple shareholders (required)Parent company’s directors/shareholdersRequired for all shareholders
Board Resolution (Parent Company)Not applicableNot applicableRequired (to establish branch)Required
Certificate of Incorporation (Parent Company)Not applicableNot applicableRequiredRequired
Memorandum and Articles of AssociationParent company’s MOA requiredParent company’s MOA requiredParent company’s MOA requiredParent company’s MOA required
Passport copies of managersRequiredRequiredRequiredRequired
Application FormRequiredRequiredRequired (local address)
Lease AgreementRequired (for office or warehouse space)RequiredRequiredRequired (for office/warehouse space)
Company Name ReservationRequiredRequiredRequiredRequired
Bank Reference LetterRequired (for shareholder)Required (for all shareholders)Not applicableRequired for shareholder
Business PlanRequired (for certain activities)Required (for certain activities)Required (for certain activities)Required
Personal Information FormRequired for shareholder and managerRequired for all shareholders and managersRequired for branch managerRequired for all shareholders and managers
Shareholder ResolutionRequired for company establishmentRequired for company establishmentNot applicableRequired for establishment
Visa/Emirates ID copies (for UAE residents)Required if applicableRequired if applicableRequired if applicableRequired if applicable

Business Setup in SRTIP Free Zone – Cost Overview

When considering the SRTIP Free Zone license cost, the starting price for all license types begins at AED 5,000. However, the total cost of business setup in the SRTIP Free Zone may vary based on several factors, primarily the type of license and the business activity selected.

Additional Expenses to Consider:

✅ Office Space Rental: Varies depending on the size, type (e.g., co-working, executive office, lab), and location within the Free Zone.

✅ Visa and Permit Costs: Fees apply for residency visas for shareholders, employees, and dependents.

✅ Sponsorship Fees: Only applicable in specific cases, depending on the business structure.

As each company formation is unique, SRTIP Free Zone company setup costs can differ based on operational requirements and selected services.

Please note that all prices mentioned are estimates and may vary based on specific business needs.

For a detailed cost breakdown and personalized advice tailored to your business model, we recommend speaking with our expert SRTIP Free Zone business setup consultants. They will guide you through the process and ensure a cost-efficient and streamlined setup.

Speak with a Business Advisor

Frequently Asked Questions (FAQs)

About Outsourced Accounting & Bookkeeping

Why should I outsource my accounting and bookkeeping needs?

Outsourcing your accounting and bookkeeping tasks to professionals like Gloace Fintax Consultants offers several benefits, including cost savings, access to expertise, improved accuracy, and the ability to focus on core business activities.

How does Gloace Fintax Consultants ensure the security of my financial data?

At Gloace Fintax Consultants, we take the security of your financial data seriously. We employ stringent security measures, including encryption, firewalls, and access controls, to safeguard your data against unauthorized access or breaches.

Can Gloace Fintax Consultants customize its services to meet my specific business needs?

Yes, absolutely. We understand that every business is unique, which is why we offer tailored accounting and bookkeeping solutions to meet your specific needs and goals. Whether you need basic bookkeeping services or comprehensive financial management, we’ve got you covered.

What are the costs associated with outsourcing accounting and bookkeeping to Gloace Fintax Consultants?

The cost of our services depends on factors such as the complexity of your financial needs, the volume of transactions, and the level of support required. We offer transparent pricing and will work with you to develop a customized service package that fits your budget.

How can I get started with Gloace Fintax Consultants?

Getting started with Gloace Fintax Consultants is easy. Simply contact us to schedule a consultation with one of our experts. We’ll discuss your needs, assess your current financial situation, and develop a customized plan to help you achieve your business goals.
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