A Private Joint Stock Company is a company where the number of the shareholders is at least two shareholders. The capital of the company shall be divided into shares of the same nominal value, to be paid in full without offering any shares for public subscription, by the execution of the Memorandum of Association and compliance with the provisions of this Law in connection with registration and incorporation.
Register investors (company or individuals) if a license has not been previously issued.
Issue the trade name (select activities - legal form - facility name - investors).
Technical evaluation (review of site data and its compatibility with the activity) (Commercial Control and Protection Department)
After completing the technical evaluation, you must visit Sharjah Electricity, Water and Gas Authority to pay the electricity insurance and lease contract certification fees.
Legal contracts (Certifying contract or addendum)
Issuance of license.
The license must be renewed upon expiration. Failure to renew within the specified period will result in a fine of AED 200 per month.
• As an exception to the minimum number of shareholders, a legal person may establish and own all shares in a private joint stock company. The owner of the capital is not responsible for its obligations except within the limits of the capital mentioned in its memorandum of association, and the name of the company must be followed by the phrase (Private Joint Stock Company - One Person Company) and it applies to it). Provisions for one time (Private Joint Stock).
• All partners, whose number must not be less than three, must be citizens of GCC countries. If there is one or more partners from another nationality, the following is applied:
1. Citizens of the GCC countries may practice most commercial, professional and industrial activities when they meet the requirements and conditions (except for the activities of Hajj and Ummrah services, commercial agencies, centers for People of Determination, elderly care, community service, press and publishing houses of newspapers and magazines, as they are limited to UAE citizens).
2. Shares of these companies are not offered for public subscription.
3. Company's capital may not be less than five million dirhams.
4. Private Joint Stock Company may transform into a Public Joint Stock Company if the following conditions are met:
a) The value of the issued shares has been paid in full, or the partners’ shares have been fully paid
b) A period of no less than two consecutive years for the company has expired.
c) The company has achieved net profits distributable to shareholders not less than an average of 10% of the capital during the two years preceding the conversion request.
d) Special resolution or something equivalent to converting the company into a public joint stock company was issued.
e) All commercial and industrial activities and most of the professional activities.
• Investor approval through UAE Pass through external service offices.
• Certified copy of lease contract (if applicable).
• Approval from official authorities depending on the type of business activity, if applicable.
• Partnership contract - Memorandum of Association certified by the Commercial Legal Affairs Department.
Licensing Section Fees
• License issuance fee is calculated at 8% of the lease contract value or area for citizens, with a minimum of AED 27500. On the other hand, license issuance fee is calculated at 13% of the lease contract value or area for nationalities from other countries, with a minimum of AED 27500.
• Permit fees for placing trade name signboard: AED 200
• Issuing commercial register certificate: AED 7000
• Printing: AED 300
• E-services: AED 100
• Representative Card: AED 300
Other Related Fees
• Technical Evaluation: AED 150
• Certifying contract or addendum if its value is less than AED 50000. Required fees: AED 200 for the signature of each party to the contract or addendum.
• Certifying contract or addendum if its value is less than AED 50000 and mot more than AED100000. Required fees: AED 300 for the signature of each party to the contract or addendum.
• Certifying contract or addendum if its value is more than AED 100000. Required fees: 0.5% of the value of the contract or addendum, with a maximum of AED 15000.
• Certifying contract or addendum of an unspecified value. Required fees: AED 200 for the signature of each party to the contract or addendum.
Third Party Fees
• Sharjah Chamber of Commerce and Industry fees
• Fees of other entities related to the licensing process (depending on the activity)
• Registering investors (company or individual) if a license has not been previously issued.
• Issuing trade name.
• Technical evaluation (Commercial Control and Protection Department).
• Certified contract or addendum (Legal Affairs Department).
• Referring to Sharjah Electricity, Water and Gas Authority to pay electricity insurance and lease contract certification fees.
• Approvals from other parties depending on the activity.
SEDD Branches
SEDD official website (www.sedd.ae)
Tasheel service centers
SEDD App
SEDD Branches Monday to Thursday, from 7:30 AM to 3:30 PM
Service Centers (Tasheel) Daily, from 8:00 AM to 8:00 PM
Individuals – Institutions- Companies
One Working Day
80080000
A Private Joint Stock Company is a company where the number of the shareholders is at least two shareholders. The capital of the company shall be divided into shares of the same nominal value, to be paid in full without offering any shares for public subscription, by the execution of the Memorandum of Association and compliance with the provisions of this Law in connection with registration and incorporation.
Register investors (company or individuals) if a license has not been previously issued.
Issue the trade name (select activities - legal form - facility name - investors).
Technical evaluation (review of site data and its compatibility with the activity) (Commercial Control and Protection Department)
After completing the technical evaluation, you must visit Sharjah Electricity, Water and Gas Authority to pay the electricity insurance and lease contract certification fees.
Legal contracts (Certifying contract or addendum)
Issuance of license.
The license must be renewed upon expiration. Failure to renew within the specified period will result in a fine of AED 200 per month.
• As an exception to the minimum number of shareholders, a legal person may establish and own all shares in a private joint stock company. The owner of the capital is not responsible for its obligations except within the limits of the capital mentioned in its memorandum of association, and the name of the company must be followed by the phrase (Private Joint Stock Company - One Person Company) and it applies to it). Provisions for one time (Private Joint Stock).
• All partners, whose number must not be less than three, must be citizens of GCC countries. If there is one or more partners from another nationality, the following is applied:
1. Citizens of the GCC countries may practice most commercial, professional and industrial activities when they meet the requirements and conditions (except for the activities of Hajj and Ummrah services, commercial agencies, centers for People of Determination, elderly care, community service, press and publishing houses of newspapers and magazines, as they are limited to UAE citizens).
2. Shares of these companies are not offered for public subscription.
3. Company's capital may not be less than five million dirhams.
4. Private Joint Stock Company may transform into a Public Joint Stock Company if the following conditions are met:
a) The value of the issued shares has been paid in full, or the partners’ shares have been fully paid
b) A period of no less than two consecutive years for the company has expired.
c) The company has achieved net profits distributable to shareholders not less than an average of 10% of the capital during the two years preceding the conversion request.
d) Special resolution or something equivalent to converting the company into a public joint stock company was issued.
e) All commercial and industrial activities and most of the professional activities.
• Investor approval through UAE Pass through external service offices.
• Certified copy of lease contract (if applicable).
• Approval from official authorities depending on the type of business activity, if applicable.
• Partnership contract - Memorandum of Association certified by the Commercial Legal Affairs Department.
Licensing Section Fees
• License issuance fee is calculated at 8% of the lease contract value or area for citizens, with a minimum of AED 27500. On the other hand, license issuance fee is calculated at 13% of the lease contract value or area for nationalities from other countries, with a minimum of AED 27500.
• Permit fees for placing trade name signboard: AED 200
• Issuing commercial register certificate: AED 7000
• Printing: AED 300
• E-services: AED 100
• Representative Card: AED 300
Other Related Fees
• Technical Evaluation: AED 150
• Certifying contract or addendum if its value is less than AED 50000. Required fees: AED 200 for the signature of each party to the contract or addendum.
• Certifying contract or addendum if its value is less than AED 50000 and mot more than AED100000. Required fees: AED 300 for the signature of each party to the contract or addendum.
• Certifying contract or addendum if its value is more than AED 100000. Required fees: 0.5% of the value of the contract or addendum, with a maximum of AED 15000.
• Certifying contract or addendum of an unspecified value. Required fees: AED 200 for the signature of each party to the contract or addendum.
Third Party Fees
• Sharjah Chamber of Commerce and Industry fees
• Fees of other entities related to the licensing process (depending on the activity)
• Registering investors (company or individual) if a license has not been previously issued.
• Issuing trade name.
• Technical evaluation (Commercial Control and Protection Department).
• Certified contract or addendum (Legal Affairs Department).
• Referring to Sharjah Electricity, Water and Gas Authority to pay electricity insurance and lease contract certification fees.
• Approvals from other parties depending on the activity.
SEDD Branches
SEDD official website (www.sedd.ae)
Tasheel service centers
SEDD App
SEDD Branches Monday to Thursday, from 7:30 AM to 3:30 PM
Service Centers (Tasheel) Daily, from 8:00 AM to 8:00 PM