Company Formation in Sharjah Research Technology and Innovation Park (SRTIP)
Introduction
Sharjah Research, Technology and Innovation Park (SRTIP) is a forward-thinking ecosystem that promotes creativity, technology, and entrepreneurship in the UAE. It’s strategically positioned near Sharjah International Airport and within quick reach of Dubai, connecting investors to both regional and global markets. Created under the initiative of the American University of Sharjah Enterprises (AUSE), SRTIP plays a vital role in supporting the UAE’s shift toward a knowledge-based economy.
This advanced park offers an ideal platform for startups, SMEs, and multinational corporations to collaborate, innovate, and expand. With first-class infrastructure, advanced research facilities, and an energetic community of entrepreneurs and investors, SRTIP is a haven for every company seeking long-term growth and sustainable innovation.
Why Choose Company Formation in SRTIP?
Setting up a company in Sharjah Research Technology and Innovation Park offers many competitive advantages that align with the UAE’s future-driven economic model.
1. 100 % Foreign Ownership
SRTIP allows investors complete ownership of their businesses, giving full control over strategy, operations, and profits. This independence ensures smoother decision-making and higher returns on investment.
2. Tax and Financial Benefits
- 0 % corporate and personal income tax.
- No customs duties on imports and exports.
- Affordable business packages designed to suit startups and established enterprises.
By eliminating heavy taxation, SRTIP empowers entrepreneurs to reinvest profits for faster expansion.
3. Licensing Flexibility and Speed
The park provides streamlined registration processes. Entrepreneurs can choose from commercial, service, industrial, or consultancy licenses, depending on their activity. The entire setup can often be completed in just a few working days, thanks to digital documentation and support from park authorities.
4. Innovation Ecosystem
SRTIP stands out because it integrates accelerators, R&D centers, and investor networks within a single zone. Startups can connect with venture capitalists, industry mentors, and academic experts through organized programs and events.
5. Strategic Location and Connectivity
Located only 4 km from Sharjah International Airport and 20 km from Dubai International Airport, SRTIP ensures quick access to air, sea, and land routes. Businesses gain a logistical advantage in serving clients across the Middle East, Africa, and Asia.
Key Benefits of Operating in SRTIP
Business owners gain:
- Full foreign ownership and capital repatriation.
- No import or export duties.
- Access to international markets through strong logistics links.
- Smooth licensing and regulatory processes.
- Support from legal, financial, and PRO service providers.
- Secure, high-tech environment for data and research.
- Networking opportunities through innovation events.
Each advantage ensures a stable base for launching or expanding a future-ready company.
Understanding SRTIP’s Vision and Sectors
SRTIP was launched in 2016 by the Sharjah Government to strengthen innovation across emerging industries. The park focuses on renewable energy, water management, transport technologies, environmental solutions, and digital transformation.
It’s more than a physical location—it’s a dynamic hub where researchers, entrepreneurs, and corporations join forces to develop new ideas. The park encourages collaboration between the private sector and academic institutions, helping to transform research into real-world applications.
Major Features and Facilities of SRTIP
- Research and Development Centers: Fully equipped laboratories and innovation hubs.
- Incubation and Acceleration Programs: Guidance for early-stage startups.
- Smart Infrastructure: High-speed connectivity and AI-enabled facilities.
- Flexible Office Solutions: From shared co-working spaces to custom corporate offices.
- Sustainability Focus: Environmentally friendly buildings and renewable energy integration.
- Intellectual Property Protection: Strong laws safeguard patents and innovations.
Every service within SRTIP is structured to create an environment where innovation and business efficiency go hand in hand.
Company Formation Packages in SRTIP
SRTIP provides multiple customized packages to meet different business stages and goals.
1. Maktabi Package
Ideal for small startups, freelancers, and early-stage ventures. It includes shared offices, meeting rooms, internet access, and administrative assistance at minimal cost.
2. Women in Innovation Package
Created to empower female entrepreneurs. This plan provides affordable offices, mentorship programs, and access to networking platforms that inspire collaboration and leadership.
3. Startup Office Package
Perfect for new businesses looking for incubation support. It offers flexible offices, funding access, and expert mentoring from industry veterans.
4. SME Office Package
Targeted toward growing enterprises that require advanced facilities. It includes access to research labs, testing centers, and collaboration programs with global partners.
5. Ecosystem Office Package
Tailored for large enterprises and multinational corporations, offering full-service offices with premium amenities and long-term partnership opportunities.
6. Innovation Plot Package
This package lets investors lease land and construct customized facilities, allowing complete control over design, operation, and expansion.
By offering these diverse packages, SRTIP ensures scalability and affordability for every stage of business growth.
Process for Company Formation in SRTIP
Establishing your company in SRTIP is a simple, structured process.
- Choose Your Business Activity: Select from approved sectors like technology, renewable energy, environmental solutions, or consultancy.
- Select Legal Entity Type: Opt for a Free Zone Establishment (FZE), Free Zone Company (FZC), or Branch Office.
- Submit Application and Documents: Provide passport copies, shareholder details, and a business plan.
- Obtain Initial Approval: The authority reviews your application and issues pre-approval.
- Sign Legal Documents: Complete the Memorandum of Association and lease agreements.
- Receive Trade License: After document verification, the license is issued.
- Open Corporate Bank Account: Select a UAE bank to manage business transactions.
- Apply for Visas: Process visas for owners and employees through Sharjah’s immigration authorities.
This streamlined procedure makes SRTIP one of the most efficient free zones for business setup in the UAE.
Required Documents for SRTIP Company Setup
- Passport copies of all shareholders and managers.
- Business plan or company profile.
- Proof of residence (UAE entry stamp or visa copy).
- Memorandum and Articles of Association.
- Lease agreement for office or workspace.
- Board resolution (for corporate shareholders).
Proper documentation ensures swift approval and smooth processing of your license application.
Business Activities Allowed in SRTIP
SRTIP supports a broad range of activities across various innovation sectors:
| Research Area | Example Activities | License Type |
|---|---|---|
| Renewable Energy | Solar Solutions / Green Tech | Commercial License |
| Smart Manufacturing | Robotics / 3D Printing | Industrial License |
| Digitalization & Automation | Software Development / AI Consulting | Service License |
| Transport & Logistics | Supply Chain Optimization | E-Commerce License |
| Environmental Technology | Recycling / Water Treatment | Consultancy License |
This flexibility lets companies operate in multi-disciplinary fields and expand as technology evolves.
Legal and Regulatory Compliance
All companies within SRTIP must adhere to Sharjah Free Zone regulations, labor laws, and federal tax filing rules under the UAE Ministry of Finance (FTA). Delays in license renewal or failure to submit financial statements may lead to penalties ranging from AED 1,000 to AED 10,000.
To avoid compliance issues, many businesses partner with Mubarak Al Ketbi (MAK) Auditing, a reputed UAE-based audit and advisory firm that handles accounting, corporate tax filings, and regulatory requirements for SRTIP entities.
Financial and Operational Planning
Before launching a company in SRTIP, entrepreneurs should plan for these expenses:
- Initial registration and license fees.
- Annual renewal charges.
- Office or workspace rental.
- Visa and immigration fees.
- Accounting and compliance services.
- Marketing and staffing costs.
Effective budgeting ensures financial stability and operational efficiency throughout the business journey.
Long-Term Advantages of SRTIP for Investors
- Connection to leading academic institutions like AUS.
- Opportunities for research collaboration and knowledge exchange.
- Government-backed support for innovation projects.
- Flexible policies encouraging foreign investment.
- Networking with global entrepreneurs and tech leaders.
SRTIP’s focus on sustainability and digital innovation makes it a cornerstone of Sharjah’s economic growth strategy.
Why Partner with Mubarak Al Ketbi (MAK) Auditing
Establishing a business in a free zone requires careful attention to tax, audit, and compliance standards. Mubarak Al Ketbi (MAK) Auditing offers end-to-end support for company formation in SRTIP, including:
- Business setup consultation and license registration.
- Corporate tax and VAT advisory as per FTA rules.
- Audit and financial statement preparation.
- ESR and transfer pricing compliance.
- Banking and visa support for shareholders and employees.
Their team ensures that every company in SRTIP operates in full alignment with UAE laws while maintaining financial clarity.
What Can Help – Mubarak Al Ketbi (MAK) Auditing 🥇
Launching a company in Sharjah Research Technology and Innovation Park (SRTIP) is a smart move for businesses aiming to innovate and expand in the UAE. Mubarak Al Ketbi (MAK) Auditing guides entrepreneurs through every step—from documentation to tax registration and compliance management.
As the saying goes, “A stitch in time saves nine,” so timely professional support can prevent future setbacks and strengthen your business foundation.
Contact Information
- Office Address: Saraya Avenue Building – Office M-06, Block/A, Al Garhoud – Dubai – United Arab Emirates
- Contact / WhatsApp: +971 50 276 2132
- Geo Coordinates: 25.2807189480206, 55.41846458517048
