Business Setup in SRTIP- Sharjah Research Technology and Innovation Park
Sharjah Research Technology and Innovation Park (SRTIP) Free Zone is one of the best business research and development spaces located in Sharjah, United Arab Emirates. Established in 2016, it is a massive space that links government, entrepreneurs, and educational organizations. For that reason, business setup in SRTIP is favoured by several businesses.
The organization promotes various research fields, such as:
- Healthcare
- Technology
- Energy
- Environment
One of the best attributes of Sharjah Research, Technology, and Innovation Park is its collaborative environment. The SRTIP brings together the government, businesses, entrepreneurs, and academic institutions to thrive in innovation and technology.
Besides that, the free zone offers numerous facilities to enhance this collaboration and provide the best results. You get state-of-the-art laboratories, research and development facilities, and more.
The primary aim is to boost the economy through knowledge and innovation. That’s how it benefits the UAE as well as the businesses that carry out operations in the Sharjah Research, Technology, and Innovation Free Zone.
The Sharjah Research, Technology, and Innovation Park Free Zone currently have:
- Twenty-two universities and academic institutions
- 300+ Companies and Partners
Research Areas on which SRTIP Focuses
Sharjah RTI Park focuses on 6 major research areas. All of them are listed below:
Renewable Energy
Today’s world is affected by global warming. During times like these, sustainable development through renewable resources is the best option to solve the problem of energy requirements.
SRTIP free zone Sharjah aims to provide a research space that helps excel in sustainable development. Any firm that is environment friendly can easily get into this zone for further research and development.
Water Management and Technology
Water is one of the most important resources of all, needs to be managed. In a world where water gets polluted constantly, this park focuses on solving the problem.
SRTIP business setup focuses on giving a space to develop technologies related to water management. Areas like water purification, conservation, recycling, and desalination are considered here.
Technology related to Environment and Surroundings
This is a highly thoughtful step by SRTIP. It promotes environment-friendly technologies and businesses. From waste limitation to building environmentally friendly technology, Sharjah RTI Park also focuses on this sector for research and development.
Logistics and Transportation
Logistics and transportation have become a significant part of lots of businesses today. Hence, SRTIP brings a space to conduct research regarding working and managing vehicles and logistics.
Designing, Production, and Architecture
Designing, Architecture, and Production have skyrocketed in today’s times. From the virtual to the real world, this space is created to generate understanding regarding it all. Robotics and AI are the two major areas under consideration for business setup in SRTIP free zone.
Digital Technology
With the age of digitization, companies today focus on the online world and experience. Hence it’s necessary to enhance the experience of the digital world.
With that thought, SRTIP Sharjah also considers digitalization as one of the major research areas.
Also read about Company Formation in Hamriyah Free Zone (HFZA)
What are the packages offered for SRTIP Business Setup?
Business setup in SRTIP (Sharjah Research, Technology, and Innovation Park) Free Zone has several advantages. The packages offered by SRTIP are one of them. Every business in Sharjah RTI Park can choose from the several packages that SRTIP offers. Some of them are listed below:
Maktabi (co-working space)
This is a perfect option if you want to conduct an SRTIP business setup and save the cost of having a private area for your company. All you need to pay is the general services fee, license fee, and lease fee. In return, you get a well-maintained desk, shared meeting area, parking lot, free of cost Wi-Fi, and security for 24 hours.
Start-up Office
If you wish for a well-designed start-up office, then that too is available here. Apart from paying the general fees, license fees, and lease fees, you only need to pay the registration fees.
Small and Medium Sized Enterprise Office
An SME office contains 4-6 desks each. A total of eight visas are allowed for this office. To have an additional visa included, you need to pay AED 1,000. You get a well-maintained private space to enrich and flourish your business as well as its environment.
Ecosystem Office
The ecosystem office comes with similar facilities to that of SME offices. The only difference here is the area is larger and allows comparatively a greater number of visas for SRTIP business setup.
Innovation Office
The Innovation office is a completely free space where you can get to choose everything about the office. It works as a DIY office. From choosing the size of the area to visas, you will have to pay accordingly.
Innovation Plot
If you are thinking of a long-drawn business, this is a perfect alternative. You get to choose a plot and build everything that you want to. You are also given security services and a full allowance to select any number of visas.
First Step Hi-Tech Office
This can be a great step if you want to build a large network while building your business. SRTIP here offers access to several events and talents in the area, especially for beginners. It is a wonderful place to evolve and learn.
Woman in Innovation Hi-Tech Office
With woman empowerment on the rise, SRTIP is proud of this package for business formation. It believes in supporting the education and rights of women.
Under this, you get all the facilities similar to that of the First Step Hi-Tech office.
Benefits of Business Setup in SRTIP:
Here are some of the benefits of SRTIP business setup-
• You have 100 percent ownership of your company.
• You DO NOT have to pay any corporate tax on qualifying income.
• There is no tax levied on any import or export activities.
• You have a complete allowance to repatriate your profits and capital.
• Connect with extraordinarily talented students, researchers, and professionals.
• You get a great renting space as well as reasonably priced offices.
Sharjah Research, Technology, and Innovation Park's Exclusive Spaces
One major benefit of setting up a business in Sharjah Research, Technology, and Innovation Park is the exclusive spaces they offer for conferences and events. Overall, there are thirteen such spaces, out of which we have mentioned some of the best ones here:
• The Colosseum: This is one of the largest venues in SRTIP that can accommodate 500 guests
• 39 Clouds: This venue offers sunlight for the whole day, and during the night, the led lights inside the cloud-shaped structures glow the whole venue.
• Park Oasis: This venue is known to bring the outdoor vibe inside the walls by allowing natural sunlight, trees, and artificial glass inside.
• Innovation Lounge: This semi-private space has multiple meeting rooms and a coffee bar, which can accommodate up to 60 people.
• Auditorium: The auditorium is best for business events in SRTIP as it has space for 128 people. Besides that, there's best-in-class tech installed for audio and visuals.
• Seminar Halls: There are two separate seminar calls: seminar halls 1 and 2, that can fit up to 30 and 26 people, respectively.
Besides these spaces, there are venues such as The Dome, The Space, East Zone, and West Zone. With these venues, business setup in Sharjah RTI park free zone allows you to conduct events and conferences easily.
Complete Process for Business Setup in SRTIP
SRTIP business setup requires you to provide the authorities with your application, business name, and relevant documents. Then, the authorities will check and approve the application and business name. One way of doing it directly is by making the submission and arranging relevant documents yourself.
However, if you want to skip this hassle, then Business Setup HQ can perform this complete Sharjah Research, Technology, and Innovation Park free zone business setup for you.
If you take our free consultation, we will discuss your business requirements and what activities you need to perform.
Based on that, we will fill out your application form and provide the business names as per the free zone guidelines. For arranging the documents, we will provide you with the required assistance to make them submission ready.
Another thing for which we can provide you support is finding the best workspace for the team. We will also make you aware of all facilities and how you can make the most out of the SRTIP free zone.
The benefit is you'll save time and effort and get the business ready to thrive.
List of Documents for SRTIP Company Formation
Here is the list of documents required for SRTIP free zone business setup:
• Passport and Visa copies of each shareholder and manager
• Emirates ID of each shareholder and manager
• Address proof of each shareholder and manager
• Passport-sized photo of each shareholder and manager
• Memorandum of Association
• Board Resolution
• Certificate of Incorporation
Business Setup HQ's Sharjah RTI Park Free Zone Company Setup Service
Business Setup HQ's SRTIP Dubai services include an end-to-end company formation process. As we talked about in the process, we will do all the activities to help you start your company in the Sharjah RTI park-free zone.
If you need help, you can contact us, and our expert consultation will give you all the details of how the entire process will be conducted.
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The pricing of STRIP business setup completely depends on your aim and the type of business. However, we can help you get the most in the least.
Here is the list of SRTIP business setup pages:
- Maktabi
- Start-up office
- Small and medium sized enterprise office
- ecosystem office
- Innovation plot
- First step hi-tech office
- Woman in innovation hi-tech office.
To make the most out of setting up a business in SRTIP, book a call now.
We will take you through the process and help you execute the same.
