DET: 6201001 Low Risk
Software Development & IT Services
Flexi-Desk eligible
Sharjah Research Technology and Innovation Park (SRTIP)
Sharjah Research Technology and Innovation Park (SRTIP) is an advanced R&D ecosystem fostering academia-industry collaboration in AI, robotics, water technology, and additive manufacturing.
✓ 2–5 day license turnaround✓ Digital Bank 98% Approval✓ No Annual Audit
1. Key Freezone Specifications
- Licensing Authority
- Sharjah Research Technology and Innovation Park (SRTIP) (SRTIP)
- Emirate
- SHARJAH
- License Issuance Timeline
- 2–5 working days
- Residence Visa Timeline
- 6–14 working days
- Virtual Desk / Flexi-Desk
- Available (no lease required)
- Office Threshold
- Required only for 4+ visas
- Warehouses & Industrial Units
- Commercial & desk only
- Paid-Up Share Capital
- Not required on bank deposit (0 AED)
- Annual Audit Requirement
- Exempt / Not required
- Physical Presence Required
- 100% remote company incorporation. 1-day UAE visit required only for Emirates ID biometrics.
2. Cost Breakdown & Tariffs
No Hidden Fees| Cost Item | Purpose | Official Fee |
|---|---|---|
| Company Trade License | Corporate registration & 1-year Flexi desk lease | 5,500 AED |
| Establishment Card (Immigration Card) | Company immigration file registration with GDRFA/ICP for visas | 1,850 AED |
| Residence Visa (Entry Permit + Visa Stamping) | UAE 2-year residence visa government quota & approval | ~3,300 AED / visa |
| VIP Medical & Emirates ID | VIP Medical fitness test + Emirates ID card issuance (2 yrs) | ~1,200 AED / person |
Turnkey Package Estimates:
0 Visas
5,500 AED
Pure license for tax residency or remote contracts
1 Investor Visa
11,850 AED
License + Est. Card + 1 Visa + VIP Medical & EID
2 Residence Visas
16,350 AED
For 2 partners or founder + key employee
3. Banking Assessment & Onboarding
Digital Banking (Digital Bank) 98% Approval
Tier 2: Standard digital compliance review
- • Timeline: opened in 3–7 working days
- • Multi-currency accounts (AED, USD, EUR, GBP) with zero minimum balance
- • Automated KYC verification via official freezone API
Traditional Tier-1 UAE Banks Medium Rating
Emirates NBD, Mashreq, FAB, ADCB
- • Opening timeline: from 1 weeks
- • Requires personal banker meeting and proof of residential address
- • Typical average balance requirement: 25,000–50,000 AED
4. Pros & Considerations
✓ Key Advantages
- • Affiliated with the prestigious University City of Sharjah and American University of Sharjah
- • State-of-the-art open innovation labs, 3D printing, AI, and smart mobility testing grounds
- • No mandatory annual audit submission for standard startup packages
- • Modern architecturally stunning headquarters with co-working facilities
! Important Considerations
- • Tech and R&D focus is prioritized for premium incentives
- • Physical presence required for Emirates ID biometrics
5. Compatible Activities
Top business activities approved for licensing under Sharjah Research Technology and Innovation Park (SRTIP)
DET: 8549001 Medium Risk
Professional Training & Coaching
Physical office required
Looking for another activity? Sharjah Research Technology and Innovation Park (SRTIP) supports over 2,000 commercial and professional activities from the official DET classification. Contact us via WhatsApp for a tailored activity code confirmation.
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