Business setup in Shams Free Zone is beneficial for social media influencers and businesses in the media sector. ‘Shams Free Zone’ is the abbreviation for Sharjah Media City Free Zone. It was founded in the year 2017.
setup a company in Shams Free Zone is popular thanks to the easy and cheap formation process. Sharjah Media City(Shams) Free Zone enables companies to expand both locally and internationally.
If you want to start ecommerce business setup in Shams Free Zone, the you will get e-commerce license in sharjah.
Company setup in Shams Free Zone is lucrative for all aspiring SMEs, startups, corporations, etc. Thanks to the numerous benefits that it provides to businesses of all sizes, Shams Free Zone is acclaimed to be the best economic zone for businesses in the media sector that are looking for a bright future.
Five Advantages of Starting Your Business in Shams Free Zone
Business Setup in Shams Free Zone has a lot of benefits. On top of that, it is very easy to start a business here with the help of Company Setup consultants. They will not only help you get a budget-friendly company formation but also help you with the visa and corporate bank opening process.
Here are the top five reasons why you should setup a company in Shams Free Zone:
One of the costliest aspects of starting a business is the office space. However, when starting a business in Shams Free Zone, you can start with a shared desk space, which is one of the cheapest options you can find in the UAE.
You can setup a company in Shams Free Zone for as low as AED 8,050. Other benefits like 0% corporate and personal taxes, 100% repatriation of capital and profits, etc. ensure they are cost-effective even after the formation of the company.
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2. Easy Setup Process
The company formation process is very quick and hassle-free. If you are starting your company through Company Setup consultants, then you do not need to be physically present to get your company started in Shams Free Zone. After the formation of your company here, you can hire staff without the need for Ministry of Labor contract certification.
3. Strategic Location
Shams Free Zone is located in a strategic geographical location that is beneficial for a business situated here. It is just a 5-minute drive away from Sharjah Airport and a 15-minute drive from Dubai Airport.
It is well connected to both the Emirates of Sharjah and Dubai. These make Shams Free Zone the best place for foreign media companies looking to get started in the UAE.
4. Versatile Business Trade Licenses
Shams Free Zone provides four types of business license that caters to the need of different types of company. Each trade license allows a wide variety of business activities that give businesses a lot of breathing space. For an additional fee, companies can add even more business activities in a single license.
5. Easy Visa and Bank Account Opening Process
Last but not the least, starting a business in Shams Free Zone makes it easier to obtain visas and open bank accounts in the UAE. With the help of Company Setup consultants, you can obtain your visas and start your corporate bank account here without breaking a sweat.
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Types of Business Trade Licenses Offered in Sharjah Media City Free Zone
There are four types of business trade license offered by Shams Free Zone for businesses looking to get started here. Entrepreneurs as young as 19 years old can apply for these licenses in Shams Free Zone, which is not possible in any other free zones in the UAE. After starting a company here, employers can hire employees as young as 18 years old.
Here are the four types of business trade licenses offered in Shams Free Zone:
1. Trading License
2. Service License
3. Industrial License
4. Holding License
Types of Office Space at Sharjah Media City Free Zone
Shams free provides four types of facilities for businesses looking to get started here. All of the facilities provided at Shams Free Zone have access to printers, Wi-Fi, and complimentary meeting rooms.
Here are the four types of facilities offered at Shams Free Zone to fulfill your office needs:
- Shared Desk Space
- Dedicated Desk Space
- Shared Office Space
- Dedicated Office Space
Documents Required to Business Setup in Shams Free Zone
The documents required to business setup in Sharjah Media City Free Zone will depend on the business structure of your company. There are three types of company structure you can choose from when starting a company in Shams Free Zone, they are Limited Liability Company (individual), Limited Liability Company (shareholders), and Branch of an existing company.
Here are the documents you can expect to procure if you are starting a company in Shams Free Zone:
- The certificate of incorporation
- The Memorandum & Articles of Association
- The board resolution to establish a new company
- The certificate of good standing and valid trade license
- The board resolution giving signatory authorization or Power of Attorney to the third party
Process of Business Setup in Shams Free Zone
The Sharjah Media City Free Zone Authority is responsible for handling the registration of new businesses here. That means, to start a company here on your own, they are the governing authority that you need to deal with.
However, if you are starting a business here with the help of Company Setup consultants, then you do not need to worry about this section. Here are the steps you need to follow in order to setup a business in Shams Free Zone:
- Select the type of trade license
- Select the type of office space
- Submit the required documents
- Complete the payment and receive the trade license
How can Company Setup Consultants help you?
If you are looking to get your business started in Shams Free Zones in the quickest and easiest way possible, then you are in the right place. Company Setup experts have started numerous businesses all over the UAE.
We also provide services that will help you run your business smoothly after formation. Contact us today and hit the ground running. Book your FREE consultation today at +971582595164 or email at firstname.lastname@example.org
One thought on “Five Reasons to Setup a Company in Shams Free Zone”
Yaay!!! These are the necessary things to be followed to set up a consultancy and it should be in the keen note !!!