Sharjah Research Technology and
Innovation Park (SRTIP)

Sharjah Research Technology and Innovation Park

Sharjah Research Technology and Innovation Park (SRTIP) is a dynamic free zone established in 2016 by royal decree of H.H. Sheikh Sultan Bin Muhammad Al Qasimi, Ruler of Sharjah, United Arab Emirates

Located strategically between Sharjah Airport Road and University City Road, SRTIP aims to develop and manage an innovation ecosystem that promotes research and development (R&D) while supporting enterprise activities

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 offers a range of facilities and services to its members, including:

Cutting-edge laboratories

Research and development facilities

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

  • This collaborative environment fosters innovation and supports the growth of startups and established companies alike. The park is home to over 150 leading academic institutions, companies, and startups

    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

SRTIP houses Sharjah’s first Open Innovation Lab (SoiLAB), which provides access to various equipment, including 3D printers, metalworking, and woodworking machines

The park also offers 13 dynamic event spaces, catering to various activities from collaborative meetings to gala dinners and exhibitions.

Sharjah Research Technology and Innovation Park represents a significant step in the UAE’s efforts to position itself as a global leader in technology and science. SRTIP is playing a crucial role in driving economic growth and fostering a knowledge-based economy in the region by providing a supportive ecosystem for research, innovation, and entrepreneurship.

Sharjah Research Technology and Innovation Park (SRTIP) offers a streamlined process for company registration and setup, catering to entrepreneurs and businesses focused on innovation and technology. Here’s a comprehensive guide to establishing your company in SRTIP:

Company Formation Process

Choose Your Business Activity

SRTIP offers over 1500 business activities to choose from, allowing for a wide range of operations in technology, innovation, and research and development Select an activity that aligns with your business goals and complies with SRTIP regulations.

Business Name Approval

Choose a unique name for your company that adheres to UAE naming conventions. Avoid names containing offensive language, references to religious or political groups, or names of well-known organisations without permission

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:

  1. Pay the necessary fees for company registration and licensing
  2. Receive your business license, allowing you to operate legally in the free zone

Visa Process

Apply for relevant visas, including Investor Visas for business owners and Employee Visas for staff

Bank Account Opening

Open a corporate bank account to manage your business finances

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:

  1. Commercial License: For trading activities
  2. Industrial License: For manufacturing and industrial activities

Service License: For professional and service-oriented businesses

Office Space Options

SRTIP provides multiple workspace solutions:

  1. First Step Hi-Tech Office: For businesses less than three years old, starting from AED 15,000
  2. Ecosystem Office: Fully furnished spaces (50-80 sqm) with amenities, starting from AED 110,000
  3. 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

By choosing SRTIP for your company registration, you’ll be positioning your business in a thriving, innovation-driven environment with ample opportunities for growth and collaboration in the UAE’s dynamic economy.

Cost Estimate for basic Company Setup in Sharjah Research Technology and Innovation Park (SRTIP) with co-working environment, approximately AED 11,000 (USD 2,996)

FEEL FREE TO CONTACT US FOR ANY ENQUIRY

We will be more than happy to help you. You can also Contact via our inquiry form

Scroll to Top