Sharjah Research Technology and
Innovation Park (SRTIP)

Sharjah Research Technology and Innovation Park

Sharjah Research Technology and Innovation Park (SRTIP) is an active free zone that was instituted within 2016 by the royal decree of H.H. Sheikh Sultan Bin Muhammad Al Qasimi, Ruler of Sharjah, United Arab Emirates. SRTIP is situated at an ideal location on the Sharjah Airport Road and the University City Road areas and is designed to create and run a new and enabling innovation ecosystem that encourages research and development (R&D) along with the enterprises involving it. Alpha Equity can assist you in setting up your business in this forward-thinking free zone, ensuring a smooth and efficient process.

Key Features and Focus Areas

SRTIP focuses on six vital research areas:

1 Water management

2 Renewable energy

3 Environmental technology

4 Transport and logistics

5 Digitalization

6 Smart manufacturing

These areas are designed to position Sharjah as a regional role model for establishing a knowledge-based economy

Facilities and Services

SRTIP will provide various services and facilities to its members that can include:

Cutting-edge laboratories

Research and development plants

Training programs

Funding opportunities

The park also provides various workspace options, such as:

Flexi desks

Serviced executive workplaces

Shared workstations

Shell and core entities

Collaboration and Ecosystem

SRTIP thrives on the triple helix collaboration model, bringing together:

Industry

Government

Academia

Such a synergetic atmosphere promotes innovation and helps startups as well as existing businesses develop. More than 150 of the top academic institutions, firms and start-up companies are found in the park.
Benefits for Businesses
Companies setting up in SRTIP can enjoy several advantages:
- 100% foreign ownership
- Tax benefits: 0% personal income tax
- Strategic location: 5 minutes from Sharjah International Airport and 20 minutes from Dubai International Airport
- Dual licensing: Allows businesses to expand operations to the UAE mainland
- Full repatriation of profits
- Quick and budget-friendly incorporation

Innovation Lab and Events

The first Open Innovation Lab (SoiLAB) in Sharjah is in SRTIP and offers access to different equipment, such as 3D printers, metalworking, woodworking, and others

The park also has 13 flexible event spaces with the capability to accommodate different events spanning through group meetings to gala dinners and the like.

In the context of the move to place UAE on the global map as a technological and scientific leader, Sharjah Research Technology and Innovation Park is a bold initiative. SRTIP is also not leaving any stone unturned in supporting the region to become a knowledge-based economy that can sustain the economic growth as it facilitates a supportive environment to research, innovation, and entrepreneurship.

Sharjah Research Technology and Innovation Park (SRTIP) provides an efficient entity application and establishment process to corporate execution and innovation-centered pioneers and business people. This is a starting guide on how to set your company in SRTIP:

Company Formation Process

Choose Your Business Activity

More than 1500 business activities are available in SRTIP and practice expansion in technology, innovation, and research and development can be very extensive.

Choose an activity that suits your business, which is as well appropriate in accordance with the rules and regulations of SRTIP.

Business Name Approval

Decide the name of your company, a unique name that reflects the standards of the name in UAE. Do not select names used with offensive words or mentioning religious/ political organisations and names of established organisations without authority

Document Submission

Prepare and submit the following documents:

Completed application form

Color passport copies of shareholders

Passport-sized photographs

Visa status or entry stamp copy

Any additional documents required for your specific business activity

License Issuance

After document submission and approval:

Pay the required amount of money to create the company and license it
You are provided with the business license, which makes it legal to conduct your business in a free zone

Visa Process

Obtain appropriate visas such as Investor Visas by a person who is a business owner and Staff Visas by persons who are staff

Bank Account Opening

Establish a business bank account to make your business finances The business finances can be handled through opening a corporate bank account.

Key Features of SRTIP Company Setup

Company Type: Free Zone Company (FZCO)
Ownership: 100% foreign ownership allowed
Minimum Shareholders: 1
Minimum Managers: 1
Local Partner: Not required
Corporate Taxation: 0%
VAT: 0% to 5% based on place of supply
Corporate Tax: 0% to 9% subject to Federal Decree-Law no. 47 of 2022
Import/Export Duty: 0%
Estimated Setup Time: 5-6 days

Business License Types

SRTIP offers various license types, including:

Commercial License: For trading activities
Industrial License: For manufacturing and industrial activities

Service License: For professional and service-oriented businesses

Office Space Options

SRTIP provides multiple workspace solutions:

First Step Hi-Tech Office: For businesses less than three years old, starting from AED 15,000
Ecosystem Office: Fully furnished spaces (50-80 sqm) with amenities, starting from AED 110,000
Innovation Plot: For larger operations requiring custom-built facilities

Benefits of Setting Up in SRTIP

Strategic location in Sharjah, UAE
Access to a network of qualified mentors and advisors
Proximity to universities and research institutions
Networking opportunities within the innovation ecosystem
Fast-track incorporation process
Business support services

When you decide to start a business with SRTIP, you will be placing your business into a successful and innovative atmosphere with enough possibilities to grow and cooperate with others in the vibrating economy of the UAE.

Basic company setup in Sharjah Research Technology and Innovation Park (SRTIP) with co-working environment cost estimate is equal to approximately AED 11,000 (USD 2,996)