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Sharjah Research, Technology and Innovation Park (SRTIP) is a premier free zone established in 2016, dedicated to fostering research, technology, and innovation across vital sectors such as healthcare, energy, environment, and digital technology. Strategically located in Sharjah’s University City near Sharjah International Airport, SRTIP provides a collaborative platform linking academia, government, and industry to drive entrepreneurship, advanced R&D, and knowledge-based economic growth. The park offers members access to state-of-the-art laboratories, specialized training programs, funding opportunities, and innovation-driven business infrastructure.
Key Benefits
✅ Strategic location within Sharjah University City with excellent connectivity
✅ 100% foreign ownership with full repatriation of capital and profits
✅ 0% personal and corporate income tax on qualifying businesses
✅ Access to advanced R&D facilities and innovation labs
✅ Support for startups, SMEs, and established companies through funding and training
✅ Facilitated collaboration with over 150 academic and corporate partners
✅ Streamlined business setup and licensing tailored for tech and research enterprises
✅ Active role in UAE’s vision for a knowledge-driven economy and global innovation leadership
Ideal For
Research and development firms
Technology startups and innovators
Healthcare and biotech companies
Environmental and renewable energy enterprises
Academic research institutions and collaborations
Technology transfer and commercialization ventures
We handle it all – so you don’t have to.
Business Setup Process in Sharjah Research, Technology and Innovation Park (SRTIP)
1. Initial Consultation and Business Activity Selection
Begin by selecting your business activities within research, technology development, innovation services, or specialized industries aligned with SRTIP’s focus areas. Your choice defines the license and setup requirements.
2. Choosing Company Type and License
Opt for the appropriate company structure:
- Free Zone Establishment (FZE) for single shareholders
- Free Zone Company (FZC) for multiple shareholders
Branch of existing companies
Choose from licenses best suited to research, technology innovation, and support services.
3. Company Name Registration and Documentation
Register your company name according to SRTIP guidelines and prepare key documents including passport copies, business plans, licenses, and approvals required for your specific activities.
4. Application and License Issuance
Submit your application with required fees through SRTIP’s streamlined process. Licensing timelines vary depending on complexity but generally promote swift approvals.
5. Office or Warehouse Space Allocation
Select relevant office space, labs, or innovation hubs within SRTIP’s campus designed to support R&D and high-tech operations. Facility size affects visa quotas.
6. Visa Processing
Apply for UAE residence visas for investors, employees, and dependents via SRTIP’s visa services once licensing and facility arrangements are finalized.
7. Opening a Corporate Bank Account
Open a UAE corporate bank account utilizing your trade license and visas to manage your company’s financial operations effectively.
Complete all regulatory, visa, and banking formalities to officially start business operations. Ongoing PRO support is available for compliance and administrative assistance.
Licensing Options to Choose From
License Type | Description | Ideal For |
Research & Development License | Activities in scientific research, lab testing, product R&D, and technical innovation | R&D centers, labs, tech developers |
Technology & Innovation License | Technology development, software solutions, innovation services, and technology commercialization | Tech startups, innovation-driven firms |
Service License | Support services including consultancy, training, and research support for tech industries | Consultants, trainers, service providers |
Industrial License | Small-scale advanced manufacturing and prototype development linked to tech and innovation | Advanced manufacturing, prototyping |
Ownership and Tax Benefits
- 100% foreign ownership, no local partner required
- 0% corporate and personal income tax on qualified income
- Full repatriation of capital and profits without restriction
- Access to UAE’s strategic funding and innovation networks
- No currency or fund transfer restrictions facilitating global trade
- Long-term leasing options available within a cutting-edge innovation park
Conclusion
Sharjah Research, Technology and Innovation Park (SRTIP) stands as a beacon for advanced research, technology development, and innovation-driven enterprises in the UAE. With its strategic location in University City, extensive collaboration with academia and government, and customized business framework, SRTIP nurtures a knowledge-based economy supporting startups and established companies alike. Its comprehensive infrastructure, tax advantages, and supportive ecosystem make it ideal for companies aiming to be at the forefront of technological and scientific advancement both regionally and globally.
Why Choose MenaHerald for Your SRTIP Company Formation?
Allow MenaHerald to streamline your Sharjah Research, Technology and Innovation Park setup with expertise in licensing, documentation, facility leasing, and visa processing.
Why Choose MenaHerald?
✓ Full-service company formation assistance
✓ Transparent and competitive pricing
✓ Specialized knowledge of SRTIP regulations and innovation ecosystem
✓ Continuous support for renewals and regulatory compliance
Get Started Today — Speak to a Specialist Now!
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