SHAMS Free Zone Dubai: Unlocking Your Business Potential in the Heart of the UAE
SHAMS Free Zone UAE is an enticing business destination for entrepreneurs seeking to thrive in the dynamic UAE market. SHAMS, situated in the emirate of Sharjah, provides a wealth of advantages, cutting-edge facilities, and a business-friendly atmosphere that promotes growth and innovation.
Shams Free Zone, founded in 2017, is one of the UAE’s newest and most sought-after free zone locales. The UAE is regarded as the hub for all media and production lovers.
Sharjah, an emirate about 30 minutes east of Dubai, is where SHAMS is situated. Six of the seven emirates that make up the UAE surround it. Shams began as a center for media and creative businesses but has since diversified into services, consulting, and trading.
In this comprehensive blog, we will delve into the numerous advantages of setting up in the SHAMS Free Zone, explore the process of company formation, discuss the available services and facilities, and shed light on the regulations, incentives, and infrastructure that make SHAMS an ideal choice for business ventures.
Benefits of SHAMS Free Zone:
- One of the most affordable business formation costs in the UAE: Even though Shams Free Zone has one of the lowest company registration fees, it is even less expensive for businesses planning to engage in media-related activities. One of the UAE’s most affordable free zone licenses is a firm setup for a media license offered by Shams free a the zone.
- Tax Exemptions: Companies in SHAMS Free Zone enjoy complete exemption from personal and corporate taxes, enhancing profitability and financial freedom.
- Specialized Resources and the Film Commission: Shams Free Zone is setting up specialized facilities to serve media companies by inspiring creative thinking. The “influencers platform” that Shams Free Zone is also introducing aims to expand the online market and intensify connections between businesses and social media influencers for marketing initiatives. By establishing its very own Shams Film Commission, Shams Free Zone hopes to establish itself as one of the top locations for movie shooting. In this manner, Shams Free Zone can transform Sharjah’s stunning scenery into photogenic sights.
- Strategic Location: Situated in Sharjah, SHAMS Free Zone offers access to a broad market base in the UAE and the Gulf Cooperation Council (GCC) region.
- Several stockholders: If you want to start a business in Shams, you can do so with up to 50 shareholders, who can be either people, corporations, or a mix of the two. There is no requirement that shareholders be physically present in the UAE.
- Zero Currency Restrictions: Businesses can transact in any currency, enabling smooth international operations.
- Free Training & Education: Shams offers training and education with a media focus. At Shams, media professionals can attend seminars and training sessions led by industry leaders worldwide to enhance their abilities.
- Fast Business Setup: SHAMS Free Zone streamlines the company formation process, allowing entrepreneurs to launch their ventures quickly and efficiently.
- Flexible Visas: Entrepreneurs may request up to six employee visas for the shared desk facility. Furthermore, holders of Shams’ visas will be able to sponsor family members and dependents.
Company Setup in SHAMS Free Zone
Setting up a business in SHAMS Free Zone is straightforward and hassle-free. The step-by-step guide includes the following:
- Determine Business Activity: Choose the most suitable business activity from the extensive list SHAMS Free Zone provides.
- Select Company Type: Opt for a Free Zone Establishment (FZE) for a single shareholder or a Free Zone Company (FZC) for multiple shareholders.
- Choose Business Package: Select from various affordable and tailored business packages that meet specific needs and budgets.
- Gather Required Documents: Prepare the necessary documents, including passport copies, proof of residence, business plan, and application form.
- Submit Application: Submit the application and documents to SHAMS Free Zone for review and approval.
- License Issuance: SHAMS Free Zone will issue the business license upon approval, allowing you to commence operations.
Services & Business Opportunities in the SHAMS Free Zone
SHAMS Free Zone offers a wide range of services to aid companies in their expansion. These consist of
- Services for Obtaining Business Licenses: SHAMS provides a range of licenses, including Trading, Service, Industrial, and Holding licenses, to various businesses and endeavors.
- Flexi Desk and Office Spaces: Businesses can select from fully furnished Flexi workstations and office spaces to create a presence in the SHAMS Free Zone.
- Services for Virtual Offices: Without the need for actual office space, virtual offices offer a credible business address and administrative assistance.
- Business Support Services: SHAMS provides a full range of business support services, including processing visas, legal advice, and secretarial support.
- Networking and Events: To meet like-minded professionals and potential customers, entrepreneurs can participate in networking events and workshops.
Cost of Company Setup and Licensing in SHAMS Free Zone
SHAMS Free Zone offers cost-effective business setup and licensing options, making it an attractive destination for entrepreneurs. Below is an updated table of the costs associated with various business packages and licenses:
|Business Setup Package/License Type||Cost (AED)||Description|
|Flexi Desk Package||7,500||Suitable for individual entrepreneurs and freelancers|
|Smart Office Package (1 Visa)||12,500||Ideal for small businesses with one employee|
|Executive Office Package (2 Visas)||17,500||Designed for businesses with up to two employees|
|Premium Office Package (5 Visas)||25,000||Perfect for expanding companies with up to five employees|
|Company License Fee||6,500||For Trading, Service, or Holding licenses|
|Industrial License Fee||12,500||For businesses involved in manufacturing and industrial activities|
Regulations and Incentives in SHAMS Free Zone
SHAMS Free Zone’s progressive regulatory framework promotes business transparency and efficiency. Some key rules include
- No Objection Certificate (NOC): SHAMS Free Zone does not require a NOC from the current sponsor for a business setup, streamlining the process.
- No Physical Office Requirement: Entrepreneurs can benefit from virtual office services without needing physical office space.
- Customizable Office Spaces: Businesses can choose from various office sizes and layouts to suit their needs.
- Warehousing Facilities: SHAMS Free Zone offers state-of-the-art warehousing solutions for businesses requiring storage and distribution services.
Documents Needed to Set up a Company in SHAMS
To set up a company in SHAMS Free Zone, you will need the following documents:
|Document||LLC (Individual)||LLC (Shareholder)||Branch|
|Visa Copy||Required (if applicable)||Required (if applicable)||Required (if applicable)|
|Proof of Address||Required||Required||Required|
|No Objection Certificate (NOC)||Not Applicable||Not Applicable||Not Applicable|
|Board Resolution||Not Applicable||Required||Required|
|Memorandum of Association (MOA)||Not Applicable||Required (for corporate shareholders)||Not Applicable|
|Power of Attorney (POA)||Not Applicable||Required (if applicable)||Not Applicable|
|Bank Reference Letter||Required||Required||Required|
|Curriculum Vitae (CV)||Required||Required||Required|
Infrastructure and Location Advantages
Advantages of infrastructure and location include SHAMS Free Zone’s cutting-edge amenities and sophisticated infrastructure, which improve corporate operations. Its proximity to essential transportation hubs, such as the ports and Sharjah International Airport, also promotes efficient trade and seamless connection.
With SHAMS Free Zone UAE, in partnership with Bizdaddy, take advantage of limitless options and a simple company setup. With our excellent facilities, affordable solutions, and advantageous location in the UAE, you can realize the full potential of your business.
We offer a friendly atmosphere for new and established enterprises at SHAMS Free Zone. SHAMS is the entrance to countless business prospects because of its reduced rules, alluring incentives, and first-rate infrastructure.
Allow Bizdaddy to be your compass while you navigate licensing, rules, and business creation. Together, we’ll find the key to your company’s success in the dynamic environment of SHAMS Free Zone UAE. Your success tale starts right here!