Introduction to Sharjah Research, Technology, and Innovation Park Free Zone

The Sharjah Research Technology and Innovation Park Free Zone (SRTI Park) established in 2016 by the royal decree of His Highness Sheikh Sultan Bin Muhammad Al Qasimi, Ruler of Sharjah is an innovation-focused Free Zone in Sharjah. Its main purpose is to develop and oversee an innovation hub that encourages Research and Development(R&D) and supports business. The park achieves this by promoting collaboration between industry, government, and academia. The SRTI Park will focus on six research areas namely:

• Water and Technology
• Transport and Logistics
• Renewable Technology
• Digitalization
• Environmental Technology
• Production, Design, and Architecture

The benefit of setting up business in SRTIP Free Zone

• Cost-efficient business setup
• Budget-friendly leasing and licensing choice
• Dual Licensing
• Quick registration process
• Special package for women entrepreneurs
• Availability of wide range of office spaces
• Access to business networking events

Facilities offered under SRTIP Free Zone

SRTIP offers a variety of facilities to support research, technology, and innovation.

Laboratory Zone

The SRTIP park has specific labs for different industries like technology, medical, and chemical, etc. It also has testing spaces for industries to carry out research and development.

Training and Development Centres

Educational programs and training facilities aimed at enhancing the skills and knowledge of individuals and teams involved in research and technology.

Funding Opportunities

Opportunities for financial assistance, grants, or investments to support the progress and expansion of research initiatives, startups, and enterprises focused on technology.

Technology Infrastructure

Support in terms of technological resources and infrastructure required for the successful implementation of research and technology initiatives.

Access to Academic institutions

Short distance to educational institutions in Sharjah’s University City facilitates synergy between businesses and academia, promoting collaboration.

Female Entrepreneur Packages

Female entrepreneurs can avail of business setup packages at subsidized rates.

Office and Plot Area Packages at SRTIP

SRTIP provides a range of alternatives, such as co-working spaces, private offices, and plots.

Maktabi Co-Working Space

Designated desks with access to meeting rooms, five visas per desk, facilities like free wi-fi, meeting rooms, lounge facility and on-site parking

From AED 25,000 / per annum

First Step Hi-Tech Office

A workspace solution tailored for newly established businesses with less than three years of operation with benefits like three visas per desk, access to meeting rooms and free wifi.

SME Office

Avail a fully furnished office with four to six seating capacity, upto 10 visa quota per office, state of art meeting rooms and on-site parking facilities

From AED 42,000 / per annum

Ecosystem Office

Completely furnished office with 15+ visa quota per office, access to lounge area, meeting rooms and on-site parking

From AED 75,000 / per annum

Innovation Office

This option allows businesses to rent the open space at reasonable rate with benefits like access to lounge, on-site parking and 24/7 security

Innovation Plot

SRTIP provides land plots for project development within prime Sharjah location at competitive leasing rateswith 24/7 security.

Women In Innovation Hi-Tech Office

A package for female entrepreneurs specializing in the Park’s focus area with unlimited access to innovation lounge, professional networking spaces and confined private areas exclusively for women.

Corporate Tax applicability to the companies in SRTIP

Corporate tax law is applicable for all the companies registered in UAE including the freezones. Article 18 of CT Law provides an exception to the QFZPs i.e., as long as they satisfy the QFZP conditions. For being a QFZP, the free zone entity has to satisfy the conditions such as deriving qualifying income, not elected to subject to tax @9%, maintain audited financial statements, comply with transfer pricing rules and other additional conditions mentioned in the ministerial decisions. Every company satisfying these conditions are eligible for 0% tax rate. Businesses in the free zone has to carefully assess whether their business activity falls under the category of qualifying income.

Company Formation Process in SRTIP Free Zone

Following is the simplified process to set up a