How to Register a Company in SRTI Park: Sharjah’s Innovation Hub

Aerial view of the SRTI Park complex with blue domes and surrounding roads

A STRIP freezone license allows new companies to capture opportunities in innovation, flexibility and best in class customer service in the region. Setting up a business in UAE is near identical in most free zone, but STRIP looks to provide the easiest business setup experience in UAE that you will be able to find.

Applying for a business account with a license from STRIP is possible with a large number of banks as the Freezone has over 4000 companies register to date. Each bank has its own requirements and preferences.

STRIP is connected closely with the University of Sharjah to innovate and develop the next generation businesses. If you’re looking to register and AI based business in the UAE, STRIP has the relevant infrastructure in place to connect you with like minded individuals and companies – whether university students or entrepreneurs, they all have the same goal of launching the next big thing.

Companies involved in water based technology, renewable energy, environmental technology, digitization and artificial intelligence (A.I.), design, and smart cities prefer to call STRIP their home.

STRIP offers collaborative areas for companies to work together and innovate with options in:

Laboratories – technology, medical, chemical zones for research and development
Business Center – large conference hall for exhibition, presentations and private meeting rooms
Retail – for companies that operate in the retail environment
Land – for developers to construct their own buildings, offices, labs, schools, retail shops, research centers
Office Space -flexi desks in a shared environment to foster collaboration, serviced offices as well as shell & core space.

Companies interested in STRIP can apply for licenses in:

Trading
Service
Industrial

Setting up a company in Sharjah Research, Technology and Innovation Park will allow investors to:

100% Foreign Ownership
100% Exemption from Corporate (first 3 Million AED until Dec 31, 2025) and Personal Income Taxes
Access to low cost talent pools from professionals with local UAE experience and students from Top UAE Universities
0% Import/Export tax
International business opportunities
Zero restrictions to repatriate profits
Apply for a multi-currency corporate bank account and a two year Residency Visa in UAE.

How BUH Consulting can assist

Our team will work with you to understand your requirements, eligibility criteria and apply for your business and personal bank account with the most suitable banks and assign relationship managers from various that can onboard your account for your company.