How to start a business in shams free zone

If you are an entrepreneur looking to start a business in the United Arab Emirates (UAE), the Sharjah Media City Free Zone (SHAMS) is a great place to consider. The SHAMS Free Zone offers a range of benefits and advantages for business owners, including tax exemptions, 100% foreign ownership, and easy company registration. We will walk you through the procedure in this blog article. starting a business in SHAMS Free Zone and discuss the SHAMS Free Zone license cost.

Step 1: Choose your Business Activity and Legal Structure

The first step in starting a business in SHAMS Free Zone is to decide on your business activity and legal structure. The SHAMS Free Zone allows you to choose from a range of business activities, including media and advertising, e-commerce, technology, and consulting. You can also choose from a range of legal structures, including a Free Zone Establishment (FZE), a Free Zone Company (FZC), or a Branch of a Foreign Company.

Step 2: Submit the Application and Required Documents

Once you have decided on your business activity and legal structure, you need to submit your application to the SHAMS Free Zone. The application process is straightforward and can be completed online. You must present the following paperwork:

• Passport copies of all shareholders and directors
• Proof of residency for all shareholders and directors
• A business plan
• A no-objection certificate from your current sponsor (if you are already in the UAE)
• A company formation application form

Step 3: Obtain Your SHAMS Free Zone License

You must get your SHAMS Free Zone licence when your application has been examined and accepted. A variety of licence categories, including commercial, service, and industrial licences, are available in the SHAMS Free Zone. The price of a SHAMS Free Zone licence varies based on the type of licence you need, although the costs are reasonable when compared to those charged by other free zones in the UAE.

Step 4: Open a Bank Account and Get Your Visa

After obtaining your SHAMS Free Zone license, you will need to open a bank account and apply for your visa. Local and foreign banks are among the banking choices available in the SHAMS Free Zone. A visa application must also be made, which can be done via the SHAMS Free Zone.

Conclusion

Starting a business in SHAMS Free Zone is a great option for entrepreneurs looking to take advantage of the many benefits of doing business in the UAE. With its easy company registration process, tax exemptions, and 100% foreign ownership, the SHAMS Free Zone is an attractive option for business owners. While the SHAMS Free Zone license cost varies based on the kind of licence you require, it is competitive compared to other free zones in the UAE. Follow these steps, and you can start your business in the SHAMS Free Zone with ease.