Insurance rules in Sharjah Research, Technology and Innovation Park

Who runs SRTI Park?

What insurance and guarantees do companies in SRTI Park need?

Visa deposit

• The Sharjah Research, Technology and Innovation Park visa request form says employment visa applications carry employment guarantee deposit fees, and only two owner or manager names on your trade licence there can be exempted from those fees, subject to signing its No Claim Declaration form.¹

Bank guarantee

• The Sharjah Research, Technology and Innovation Park visa request form says all of a sponsored employee's dependants' visas are to be cancelled before the employee's visa is cancelled, or a bank guarantee of AED 5,000 is paid to the Ministry of Immigration and Foreign Affairs, with prior approval.¹

Do you need health insurance for your staff in SRTI Park?

From 1 January 2025 an employer buys a health insurance policy as a condition of the residence permit for private sector employees and domestic workers. The UAE Government portal names the Ministry of Human Resources and Emiratisation as the source and describes the rule as extending to Sharjah, Ajman, Umm Al Quwain, Ras Al Khaimah and Fujairah.

The authority and the penalties are on the Sharjah page.