Latest news with #SharjahEconomicDevelopmentDepartment
Time of India
3 days ago
- Business
- Time of India
What is Sharjah's 'instant license' and how can it help you start a business in 1 day?
Setting up a business in Sharjah just got a lot easier. The Sharjah Economic Development Department ( SEDD ) has introduced a new 'Instant License' service that allows entrepreneurs to obtain a commercial license within one working day. The initiative eliminates the need for a Memorandum of Association or a signed lease contract during the first year, simplifying starting a business in the emirate. As reported by Emirates News Agency-WAM, the Sharjah Executive Council approves the service. This is to attract investment, reduce bureaucracy, and support the emirate's push for a more dynamic and competitive economy. Also Read: Job offer from the UAE? What you must know before signing Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 새로 나온 '암보험' 최적가 가입인기! "암진단금+생활비+치료비 든든하게"... 굿리치 보험대리점 (등록번호:제2006038313호) 가격 받기 Undo The license is available for office-based businesses that do not require external approvals from other government departments. What is Sharajh's 'Instant License'? Live Events Instant License is a fast-approval licensing program that allows entrepreneurs to obtain a commercial license within one working day. Under the Instant License, investors can begin operations immediately and employ up to three workers under each license. However, after the first year, businesses must complete the usual licensing requirements to continue operating legally. SEDD stated that the initiative also intends to curb unlicensed business activity by offering a fast and legal alternative. It is expected to give new entrepreneurs and expanding companies a head start, especially in sectors aligned with Sharjah's economic goals. Hamad Ali Abdalla Al Mahmoud, Chairman of SEDD, said the department is working to build a flexible and supportive regulatory environment. Also Read: Dubai launches citywide 4 day work week for government employees: Will the private sector follow? He stressed that the service reflects the vision of His Highness Sheikh Dr. Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, and the efforts of His Highness Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince and Chairman of the Executive Council. 'This service reflects Sharjah's commitment to making business easier and more accessible,' Al Mahmoud said. 'We want to attract investors, support entrepreneurs, and ensure Sharjah remains a leading destination for economic development both regionally and globally.'
Dubai Eye
4 days ago
- Business
- Dubai Eye
SEDD launches ‘Instant Licence' service
Sharjah Economic Development Department (SEDD) has launched an 'Instant Licence' service in order to promote investments and attract investors to the Emirate. This service was launched after obtaining the approval from the Sharjah Executive Council with the aim of enabling investors and entrepreneurs to issue a commercial licence immediately without the need to attach the Memorandum of Association or a signed lease contract in the first year. Additionally, the licence enables investors to conduct their business immediately, with the aim of speeding up and reducing procedures, shortening the customer journey, and increasing economic growth rates in Sharjah. The service covers all office activities that do not require approvals from other authorities, with a maximum of three employees allowed per licence. It helps investors to run their activities or businesses in the first year, and then fulfills the special licensing requirements in the second year. Also, it targets new investors and economic establishments seeking to expand into specific types of activities and contributes to increasing the competitiveness of Sharjah. Through the "Instant Licence" service, SEDD seeks to enable companies to fully benefit from the competitive advantages offered by the emirate and to stimulate the business environment. SEDD is the government entity entrusted with regulating economic activity in the emirate and supporting the process of economic diversification, sustainable growth, and competitiveness. Thus, the Economic Department in Sharjah focuses on facilitating business operations, which contributes to anticipating and creating a better future, developing the investment environment, enhancing the attractiveness of strategic economic sectors, and providing high-quality services in accordance with the highest international standards. Commenting on this, Hamad Ali Abdalla Al Mahmoud, SEDD Chairman, stated that the Department works continuously to develop a legislative and regulatory environment to enhance business growth and support its continuity and sustainability in accordance with international best practices. Such a thing falls within the wise directives of His Highness Sheikh Dr. Sultan bin Mohammed bin Sultan Al Qasimi, Supreme Council Member and Ruler of Sharjah and the pursuit of H.H. Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince, Deputy Ruler of Sharjah and Chairman of the Executive Council. He clarified that this will enhance the growth of Sharjah's economy and support its competitiveness regionally and globally. Moreover, SEDD Chairman proclaimed that the 'Instant Licence' service is part of the Department's Strategy, which aims to support economic diversification and sustainable growth in the emirate. It also contributes to supporting investors by facilitating the ease and speed of establishing their businesses. This reflects Sharjah's commitment to the continuous development of the business system and consolidating the emirate's position as a global investment hub.
Sharjah 24
31-05-2025
- Business
- Sharjah 24
SSSD's "Intaj" Centre organises Eid Al Adha exhibition
The exhibition is held from May 29 to June 1 at Al Rahmaniya Centre, featuring participation from productive families in Sharjah and other branches across the Emirate. Diverse Product Packages on Display Families will showcase a variety of themed collections, including a package for traditional crafts, a package for clothing and accessories, and a package for handmade items. All products have been specially curated to suit the festive atmosphere of Eid. High Public Demand and Strong Community Support Maryam Al Hammadi, Director of the Centre, stated that productive families eagerly anticipate the arrival of Eid Al Fitr and Eid Al Adha in preparation for participating in the exhibition, which continues to draw high public turnout—especially in residential areas near shopping centres. The exhibition has grown to build a loyal fan base among those who appreciate elegance and craftsmanship, thanks to the Department's ongoing commitment to its members in the "Intaj" Centre and its desire to bring them joy by providing an additional income stream to improve their financial well-being. This support has been reflected in external showcases, the launch of an online store, and assistance in obtaining trade licenses from the Sharjah Economic Development Department at affordable rates. Homemade Goods with Natural Ingredients The showcased products are known for being authentically homemade, featuring natural ingredients. The range also includes clothing, accessories, and handmade crafts that align with the needs and traditions of Eid Al Adha. Attractive Promotional Offers Notably, shoppers can take advantage of exciting promotional offers: any customer who spends AED 300 will receive a shopping voucher courtesy of the Sharjah Cooperative Society.
Sharjah 24
17-03-2025
- Business
- Sharjah 24
Ruwad approves funding for 4 new projects worth AED 720,000
Funding Decisions from Two Committee Meetings These approvals were based on the 32nd and 33rd meetings of the committee, held in January and March 2025, respectively. The meetings were chaired by His Excellency Hamad Ali Abdullah Al Mahmoud, Chairman of the Sharjah Economic Development Department, with the participation of committee members Saeed Ghanem Al Suwaidi, Faisal Jassim Al Madfa, Fahad Al Khameri, Dr. Mudathir Abdullah, and Nora Al Zarooni. Also present were members of the technical project funding committee, including Nasser Abdullah Al Owais, Deputy Head of Project Study and Analysis; Rashid Sawaked, Project Development Consultant; and Hamda Khater, Head of the Financing Division at Ruwad. Diverse Sectors and Gender Distribution During these meetings, the committee reviewed new funding requests and approved financing for four entrepreneurial projects through the direct financing system. These projects span various sectors, including food businesses, beauty centres, cryotherapy, and entertainment services. Of the approved projects, two are owned by female entrepreneurs, while the other two are jointly owned by both men and women. Funding Overview for 2024 Additionally, in its January meeting, the committee reviewed a report on funded projects in 2024, which totaled 13 projects that received financial approval. All approvals were granted through direct financing by the foundation, with total funding reaching AED 2.86 million. Sharjah city accounted for 64% of the funded projects, with nine projects, while four projects (29%) were funded in the Eastern Region, and one project was supported in the Central Region. The distribution by gender showed that 10 projects were owned by male entrepreneurs, while 4 projects were led by female entrepreneurs. Financial Review and Development Proposals As part of its agenda, the committee also reviewed the foundation's accounts and financial budget, in addition to discussing several development proposals and making the necessary decisions regarding their implementation.
Sharjah 24
09-02-2025
- Business
- Sharjah 24
SEDD, LSDA discuss cooperation in several fields
At the beginning of the meeting, the Chairman of the Sharjah Economic Development Department (SEDD) welcomed the delegation, highlighting the importance of such gatherings to enhance cooperation and coordination between the two parties. This collaboration aims to unify efforts and expedite the implementation and completion of projects of mutual interest. Review of structure and strategy SEDD presented the structure and work strategy employed in relevant fields, setting the stage for a productive discussion on common issues and mechanisms to bolster cooperation. Focus on economic development The two parties engaged in discussions on enhancing cooperation to provide opportunities for the business sector, investors, and dealers, contributing to sustainable economic development in Sharjah. This aligns with the directives of the emirate's wise leadership. Commitment to labor standards Al Mahmoud emphasized SEDD's commitment to fostering constructive cooperation with the Labor Standards Development Authority (LSDA). He noted the ongoing collaboration in various areas to unify and integrate efforts in line with Sharjah's economic development. Institutional integration Sheikh Mohammed bin Saqr Al Qasimi, Chairman of LSDA, pointed out that the meeting is part of the Authority's plan to enhance institutional integration among government agencies in Sharjah. He explained that the presentation of the Sharjah Standard for Workers' Housing project is a crucial step in developing the labor market. Aiming for improved standards The unique project aims to unify housing standards and encourage employers to enhance the specifications of workers' housing through gradual procedures and realistic practices. This initiative reflects the leadership's vision to ensure a positive work environment that preserves workers' dignity and rights. Conclusion and future cooperation At the end of the meeting, both parties reiterated the importance of strengthening cooperation and coordination, which is essential for developing a mutual work system. This collaboration aims to achieve comprehensive and sustainable development goals for the emirate, benefiting the community through ongoing communication and cooperation.
