New Business Setup in SHAMS Free Zone
Company formation in Shams Free Zone
New Business Setup in SHAMS Free Zone comes with a host of benefits. From 100% foreign ownership to 100% repatriation of capital and profits, entrepreneurs can enjoy unparalleled advantages that are hard to find elsewhere in the region.
- Free lifetime residency
- Easy business setup process
- Bank account assistance
Why Choose Your Business Setup in SHAMS Free Zone
SHAMS Free Zone, located in Sharjah, UAE, stands for “Sharjah Media City Free Zone”. It was established in 2017 with a vision to be a world-class hub for media and creative industries. This free zone offers business-friendly regulations, state-of-the-art infrastructure, and a supportive environment for startups and SMEs.
Setting up your business in Sharjah Media City Free Zone can provide several advantages. Firstly, Shams offers 100% foreign ownership, allowing investors to retain full control of their companies. This is especially appealing for entrepreneurs who want to establish a presence in the UAE without the need for a local partner. Additionally, the free zone provides a simplified and streamlined company registration process, ensuring a quick and efficient setup.
Business Setup in SHAMS Free Zone offers a strategic location in the heart of Sharjah, providing easy access to both local and international markets. The free zone is well-connected with major transportation networks, making it convenient for businesses to import and export goods. Shams provides state-of-the-art infrastructure, including modern office spaces and advanced technology facilities, enabling companies to operate seamlessly.
Steps to Set Up a Business in SHAMS Free Zone
- Choose Your Business Activity: The first step is to determine the type of business you want to start and ensure it aligns with the activities permitted in SHAMS Free Zone.
- Select a License: Depending on your business activity, you will need to choose the appropriate license type, such as a freelancer, service, or trading license.
- Submit Required Documents: Prepare and submit the necessary documents, including passport copies, business plan, and proof of address, to the SHAMS Free Zone authority.
- Secure Your Office Space: Select an office space that suits your business needs and meets SHAMS Free Zone requirements.
- Obtain Your License: Once your documents are approved, you will receive your business license, allowing you to legally operate within SHAMS Free Zone.
Setting up a new business can be a daunting task, but with the benefits and support offered by SHAMS Free Zone, the process becomes much smoother. From tax advantages to a strategic location, SHAMS Free Zone provides a conducive environment for businesses to thrive.
Business license options in Sharjah Media City Free Zone
SHAMS Free Zone provides a range of business license options to cater to different industries and activities. The three main license categories offered by Shams are:
1. Service License: This license is suitable for service-oriented businesses such as consultancy firms, advertising agencies, and IT companies. It allows companies to provide a wide range of services within the free zone and beyond.
2. Trading License: The trading license is designed for companies engaged in buying and selling activities. It enables businesses to import, export, and distribute goods within the UAE and internationally.
3. Industrial License: This license is aimed at companies involved in manufacturing and industrial activities. It allows businesses to set up production facilities, carry out manufacturing processes, and engage in related activities.
Choosing the right license category is crucial as it determines the scope of your business activities and the type of services you can provide within the free zone.
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Benefits of Setting Up a Business in SHAMS Free Zone
If you are considering starting a new business in the UAE, SHAMS Free Zone is a promising option worth exploring. With its business-friendly regulations, tax benefits, and state-of-the-art infrastructure, SHAMS Free Zone provides the perfect setting for entrepreneurs to turn their business dreams into reality.
100% Foreign Ownership: One of the most attractive features of SHAMS Free Zone is that it allows entrepreneurs to have full ownership of their business without the need for a local sponsor.
Tax Benefits: Businesses operating in SHAMS Free Zone are exempt from corporate and personal income taxes, making it a tax-efficient option for entrepreneurs.
Flexible Office Options: SHAMS Free Zone offers a range of office solutions, from co-working spaces to private offices, allowing businesses to choose the space that best fits their needs.
Business Support Services: The free zone provides a wide range of business support services, including legal and administrative assistance, to help entrepreneurs navigate the setup process.
Requirements for Business Setup in SHAMS Free Zone
Before diving into the legal nitty-gritty, let’s first explore the main requirements for business setup in SHAMS Free Zone. To establish your business in Shams, you will need to:
- Choose Your Business Activity: Decide on the nature of your business activity and ensure that it is permissible within the free zone.
- Select Your Company Structure: Determine the type of company structure that best suits your business needs, whether it’s a Free Zone Company (FZC), Free Zone Establishment (FZE), or Branch of a Foreign Company.
- Obtain a License: Apply for the relevant license based on your business activity. Shams offers licenses for a wide range of activities, including media, advertising, broadcasting, and more.
Cost of setting up your business in Sharjah Media City Free Zone
The cost of setting up a business in Sharjah Media City Free Zone varies depending on several factors, including the type of license, office space requirements, and additional services. Shams offers competitive pricing and flexible payment options, making it an affordable choice for startups and small businesses.
Business support services in SHAMS Free Zone
Sharjah Media City Free Zone offers a range of business support services to facilitate the growth and success of companies. These services include legal and administrative support, PRO services, visa processing, and banking assistance. Shams also provides access to a network of professionals and experts who can offer guidance and support in various aspects of business operations.
Types of licenses available in SHAMS Free Zone
Sharjah Media City Free Zone offers a wide range of licenses to accommodate diverse business activities. Some of the common license types include:
1. Advertising License: This license is suitable for advertising agencies, media production companies, and marketing firms.
2. Publishing License: The publishing license is designed for companies involved in publishing books, magazines, newspapers, and digital content.
4. Film Production License: This license is aimed at film production companies, animation studios, and post-production facilities.
6. Event Management License: The event management license is suitable for companies organizing events, exhibitions, conferences, and trade shows.
7. E-commerce License: This license is ideal for online businesses engaged in selling products or services through electronic platforms.
These are just a few examples of the licenses available in Shams. The free zone offers a comprehensive list of license categories to cater to various industries and business activities.
Required documents for business setup in SHAMS Free Zone
To set up your business in Sharjah Media City Free Zone, you will need to submit several documents. The exact requirements may vary depending on the type of license and business activities. However, some of the commonly required documents include:
- Completed application form
- Passport copies of shareholders and directors
- Business plan outlining the nature of your business activities
- Proof of address (such as utility bills or bank statements)
- No objection certificate from the current sponsor (for UAE residents)
- Memorandum of Association (for corporate shareholders)
- Power of Attorney (if applicable)
It is advisable to consult with a business setup consultant or an expert in Sharjah Media City Free Zone to ensure that you have all the necessary documents and meet the requirements.
Types of companies that can be set up in SHAMS Free Zone
Sharjah Media City Free Zone welcomes a wide range of company types and legal structures. Some of the common types of companies that can be set up in Shams include:
- Free Zone Establishment (FZE): A single-shareholder company
- Free Zone Company (FZC): Multiple shareholders with a minimum of 2 and a maximum of 5
- Branch of a Foreign Company: A branch of an existing company registered outside the UAE
- Branch of a UAE Company: A branch of a company registered within the UAE
These company types offer flexibility and cater to the specific needs and requirements of businesses.
Comparing Sharjah Media City Free Zone with other free zones in the UAE
Sharjah Media City Free Zone stands out among other free zones in the UAE due to its unique benefits and advantages. While each free zone has its own set of offerings, Shams provides several key features that make it an attractive choice for businesses.
One of the major advantages of Shams is its strategic location in Sharjah, which provides easy access to both local and international markets. The free zone’s modern infrastructure, flexible office solutions, and supportive business environment further enhance its appeal.
Shams offers competitive pricing and cost-effective solutions for business setup, making it an ideal choice for startups and small businesses. The favorable tax environment and financial incentives provided by the free zone further contribute to its attractiveness.
It is important to conduct thorough research and consider your specific business requirements before choosing a free zone in the UAE. Consulting with a business setup expert can help you make an informed decision and ensure a smooth setup process.
Setting up your business in Sharjah Media City Free Zone can unlock new opportunities and provide a gateway to the Middle East market. With its strategic location, attractive benefits, and streamlined setup process, Shams offers a favorable business environment for entrepreneurs and investors. By understanding the requirements, costs, and available license options, you can embark on your business setup journey in Sharjah Media City Free Zone with confidence. Unlock your business potential and explore the possibilities that Shams has to offer.
Why Neeja Corporate Services?
Are you looking to start your company in Dubai but feeling overcome by the registration process? Don’t worry, you’re not alone. Setting up a business in a foreign country can be challenging, but with the right guidance and support, it doesn’t have to be a stressful experience. Neeja’s business setup services offer complete support and serve as a one-stop shop for company setup in Dubai. We provide a wide range of value-added services, such as license applications and VAT registration. Over the years, we have successfully advised many new entrepreneurs to make their business dreams a reality. We are here to guide you through the entire process and help you turn your dreams into reality.
To book a free consultation, call on +971 43243031. You can also send a WhatsApp message at +971 50 465 2843. To connect over email, send us your query atincorp@neejacs.com
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