Advantages of Business Setup in SRTIP

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Prime Location

Strategic access to key markets.

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Top-notch Infrastructure:

Modern facilities to support growth.

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Collaborative Ecosystem:

Fosters innovation and partnerships.

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Skilled Talent Pool

Access to diverse professionals.

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Government Support:

Incentives and streamlined processes

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Networking Opportunities:

Connect with partners and investors.

What is Sharjah Research, Technology and Innovation Park (SRTIP)

Sharjah Research, Technology and Innovation Park (SRTIP) was created in 2016 to help grow innovation, research, and development. This special area, known as a free zone, is really useful for learning and gaining practical skills to help people grow personally.

SRTIP is located between Sharjah Airport Road and University City Road. It's surrounded by important places like Al Mamsha, Al Jada, and Al Zahia. This makes it a perfect spot for new businesses and technology companies to get help and work together with the government, businesses, and schools.

Some of the most popular things people do at SRTIP are:

  • Trading food and drinks
  • Trading beauty and personal care products
  • Trading software
  • Consulting on water, sewage, and irrigation engineering
  • Making websites
  • Running creative agencies
  • Researching and consulting on agriculture
  • Consulting on information technology

 

About Sharjah Research, Technology and Innovation Park (SRTIP)

Located in Sharjah, United Arab Emirates, the Sharjah Research, Technology, and Innovation Park (SRTIP) was established in 2016 with a focus on advancing research, technology, and innovation across various sectors such as healthcare, energy, environment, and technology. Its mission is to facilitate collaboration among academic institutions, businesses, and government agencies to drive innovation and entrepreneurship.

SRTIP offers a range of facilities and services including state-of-the-art laboratories, research and development resources, training programs, and funding opportunities. Its overarching objective is to foster a knowledge-driven economy by promoting research, innovation, and entrepreneurship, aligning with the UAE's ambition to emerge as a global leader in science and technology.

 

What amenities does SRTIP Provide?

The Sharjah Research, Technology, and Innovation Park (SRTIP) offers a range of modern facilities tailored to meet the diverse needs of investors. As an innovation hub, these facilities are designed to enhance business productivity while adhering to industry standards. Here are some of the key facilities available

  1. Maktabi Co-working Space: Provides designated work areas equipped with desks, meeting rooms, and shared workspaces, along with three visa quotas per desk.
  2. Start-up Office: Fully-furnished office spaces measuring 16 square meters each, ideal for startup businesses, featuring private working areas, desks, meeting rooms, and six visas per office.
  3. SME Office: Furnished office spaces ranging from 20 to 27 square meters, equipped with private working areas, desks, meeting rooms, and eight visas per office.
  4. Ecosystem Office: Offers furnished office spaces measuring 50 to 80 square meters, complete with meeting rooms, private working areas, and ten visas per office.
  5. Innovation Office: Tailored for investors seeking HQ open areas, providing customizable workspaces, visa quotas based on individual requirements, meeting rooms, and receptionist services.
  6. Hi-Tech Office: Optimal for startups operating for less than three years, offering unlimited access to innovation lounges, professional networking events, and opportunities
  7. Women in Innovation Hi-Tech Office: A subsidized package designed for women entrepreneurs, providing exclusive private areas, expedited business establishment processes, unlimited access to innovation lounges, and participation in professional networking events.

 

Process of establishing business in SRTIP

SRTIP's business setup process is streamlined for efficiency and ease of access, ensuring entrepreneurs can establish their ventures seamlessly.

1. Choose a business activity:

It's important to meticulously choose the type of business activity or trade you wish to initiate, with SRTIP offering a selection from over 1500 available options.

2. Business Name Approval

Selecting a distinct and appropriate name for your company is essential. To prevent conflicts with existing trademarks or copyrights, ensure that the chosen name complies with the naming conventions mandated by the UAE.

3. Document Submission

Complete and submit your company formation application, along with copies of passports.

4. Get your license

Submit the necessary payments for company registration, licensing, and any additional approvals. Upon approval of your application, you will be issued a business license, enabling lawful operation within the UAE.

5. Visa Process

Following the acquisition of your business license, you can initiate the procedures for Investor or Employee visas for your company.

6. Open bank account

In the final stage, proceed to open a corporate bank account with one of the leading banks in the UAE. We assist you in selecting the bank that best aligns with your business requirements.

 

License available in SRTIP Freezone

Exploring the Diverse Range of Licensing Opportunities Available within the SRTIP Free Zone

Commercial License:

The Standard Commercial License facilitates activities such as import, export, distribution, storage, or warehousing of goods, with a cap of up to 5 permissible activities.

Service License:

Permitted activities under this license are restricted to specific services as outlined below, with no limitations imposed unless regulated by Federal or local authorities:

  • - Management Consulting
  • - Accounting and Bookkeeping
  • - Project Management
  • - Consulting
  • - Online Commerce

Industrial License:

The Industrial License facilitates activities such as the manufacture of machinery, transformation of natural materials, metals manufacturing, textiles, food and beverage, etc.

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