fbpx

Empower your Business with SEDD

What is the Sharjah Economic Development Department (SEDD)?

Fostering prosperity in Sharjah

The Sharjah Economic Department (SEDD), also known as the Economic Development Department Sharjah, is a key governmental entity committed to driving the economic momentum in Sharjah. Sharjah Economic Department primary objective is to cultivate a business-friendly atmosphere, encouraging growth and investment. In its capacity as the Sharjah Economic Development Department, it manages and governs diverse economic facets within the emirate.

Sharjah Economic Department operates as a guide, overseer, and advocate of economic advancement. Its scope of work covers a broad range of functions, each tailored to enhance Sharjah’s economic structure. As the Sharjah Economic Development Department it takes an active stance in shaping the business ecosystem of the emirate, promoting transparency and accountability. With its endeavors and services, it strives to simplify administrative tasks, minimize red tape, and ensure that businesses function within established legal boundaries.

What is a SEDD License?

Gateway to business excellence in Sharjah

All Sharjah businesses (not located in a free zone) have to be licensed by the Sharjah Economic Development Department and adhere to the UAE Commercial Companies Law (CCL). This is especially important for the formation of a Sharjah Economic Department company in mainland Dubai. Once registered under the Sharjah Economic Department, these companies can operate across the UAE, including in free zones and Gulf Cooperation Council (GCC) countries. The most frequently issued license type by the Sharjah Economic Department is for a Limited Liability Company (LLC). This allows businesses to lease or purchase commercial space anywhere in Sharjah. LLCs have a broad business scope, with exceptions in the banking, insurance, and investment sectors. Additionally, SEDD-registered businesses are exempt from the typical 5% customs duty on imported goods and are eligible for a Tax Residence Certificate from the UAE Ministry of Economy.

Benefits of a SEDD Company Setup in Sharjah

The Sharjah Economic Development Department (SEDD) regulates and promotes sustainable economic development in the Emirate of Sharjah. Obtaining a license from SEDD provides several benefits for businesses and entrepreneurs:

Legal operation

A license from the SEDD allows businesses to operate legally within the Emirate of Sharjah. Operating without a license can lead to penalties and legal issues.

Access to markets

With the license, businesses can freely market and sell their products or services within the Emirate and can participate in exhibitions and trade shows.

Business credibility

Possessing a proper license enhances a business's credibility and reputation in the eyes of clients, partners, and stakeholders.

Banking benifits

Having a proper license can facilitate opening a corporate bank account, securing loans, and other financial operations.

Resource accessibility

Licensed businesses can benefit from utilities, rental spaces, and other resources offered at government-regulated rates.

Protection

The license offers a legal umbrella for the business, ensuring it adheres to the Emirate's regulations and standards. This protection helps companies to avoid potential pitfalls and disputes.

Networking Opportunities

Being a licensed entity often means better access to B2B networking events, trade fairs, and other platforms to collaborate and partner with other businesses in the region.

Investment and Expansion

A SEDD license facilitates obtaining additional permits, attracting investors, and expanding business operations.

Access to Govt Projects

Many government projects and contracts require a valid license to participate. Thus, having an SEDD license can provide access to these lucrative opportunities.

SEDD Services in Sharjah

The Sharjah Economic Department offers a comprehensive array of
services tailored to meet the diverse needs of businesses.

Licensing services

SEDD provides a variety of licensing services that include, but aren’t limited to:
  • Issuing and Renewing Licenses.
  • Amendment & Cancelations.
Sharjah Economic Development Department

Industrial Licences

SEDD issues a variety of commercial and economic permits that include, but aren’t limited to:

  • Sales permit
  • Clearance permit
  • Seasonal permit
  • Withdrawal permit
  • Advertising permits
  • Café permits
Sharjah Economic Development Department

Investment & Business Tools

SEDD issues a variety of commercial and economic permits that include, but aren’t limited to:

  • Sales permit
  • Clearance permit
  • Seasonal permit
  • Withdrawal permit
  • Advertising permits
  • Café permits
Sharjah Economic Development Department

Top Activities in Sharjah Economic Department (SEDD)

Branch Out with Confidence: Unified License for Multiple Sectors

There are more than 3,000 economic activities in the Emirate of Sharjah. These activities span several domains: business, industrial, professional, and tourism. Notably, some of these activities come with specific conditions, especially concerning the location and size of the operating facility.

The licensing system in Sharjah is straight forward: the license type is based on the activity category. A professional activity would naturally require a professional license. In instances where one license covers various activities, it’s the dominant activity that defines the license’s nature. It’s necessary to note that among all activities, industrial ones lead in popularity, followed closely by commercial and then professional sectors. Flexibility exists in merging sectors like industrial, commercial, and professional, provided they align or if one secures the necessary permissions. For instance, when a license integrates both commercial and professional sectors, the predominant sector determines the license type. This particular stipulation, however, doesn’t extend to tourism activities. SetHub’s team of experts will guide you on the formation of a SEDD company in mainland Dubai and the licensing system in Sharjah.

Connect with our team

Connect with our sales experts to start your business in dubai.