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Sharjah launches one-stop-shop for investors

Sharjah Economic Development Department has launched a new one-stop-shop for investors setting up businesses in the emirate. The new government Investor Services Centre, aims to significantly reduce the amount of time taken to establish a business in Sharjah, while increasing the level of service offered to commercial investors.

The new service centre is one of a number of initiatives undertaken by Sharjah to make it easier to do business in the emirate and follows the Economic Development Department’s announcement of a range of e-government and m-government services.

The new service centre is located in the main building of Sharjah’s Economic Development Department and allows investors to complete procedures for a number of different government departments including trade licence registrations, Ministry of Labour transactions and licencing exterior signage.

Sharjah has been systematically reviewing options to continue to improve the emirate’s appeal for investors and recently brought together government decision makers at the Sharjah Forum to discuss how the government can best meet the needs of business investors.

Sharjah currently ranks as the second fastest growing economy in the region, after Dubai, with 8 percent gross domestic product (GDP) growth during 2013. The local economy is also unique in the GCC, with no single sector contributing more than 20% of its total GDP.

Sharjah will hold the 12th annual World Forum for Foreign Direct Investment next year from 7 – 10 February, hosted by Sharjah Investment and Development Authority (Shurooq).
Source: media, Shurooq

Source: media, Shurooq

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