Sharjah Announces New Technology Free Zone COMTECH Offer a Tax-Free Environmen
COMTECH is designed to foster innovation and technological advancement, leveraging Sharjah's strategic location and infrastructure to create a hub for global technology enterprises.
Janiffer Fernandez 
Sharjah has recently announced the launch of a new technology-focused free zone called COMTECH, which will offer a tax-free environment for businesses. This new initiative aims to attract tech companies and startups by providing various benefits, including 100% foreign ownership, full repatriation of profits, and streamlined business setup processes.
COMTECH is designed to foster innovation and technological advancement, leveraging Sharjah's strategic location and infrastructure to create a hub for global technology enterprises. The free zone will offer a range of business licenses catering to different tech sectors and will provide state-of-the-art facilities, coworking spaces, and support services to help businesses thrive.
The establishment of COMTECH aligns with Sharjah's broader strategy to diversify its economy and enhance its position as a leading destination for business and innovation in the UAE. This new free zone joins other successful initiatives in Sharjah, such as the Sharjah Research, Technology, and Innovation Park (SRTIP), which also focuses on promoting research and development across various industries.
