Business Setup in SHAMS: Your Gateway to Entrepreneurial Success

Sharjah Media City (SHAMS) is one of the UAE's most dynamic free zones, offering entrepreneurs and businesses a cost-effective and efficient platform to establish and expand their ventures. Whether you are a freelancer, startup, or an established business looking to expand into the UAE market, SHAMS provides a range of benefits that make it an attractive choice.

Why Choose SHAMS for Your Business Setup?

1. Affordable Setup Costs: SHAMS offers some of the most budget-friendly business setup packages in the UAE, making it accessible to startups and small businesses.

2. 100% Foreign Ownership: Entrepreneurs can enjoy full ownership of their business without the need for a local sponsor, ensuring complete control over operations and profits.

3. Wide Range of Business Activities: SHAMS provides licenses for various business activities, including media, e-commerce, consulting, technology, and more, allowing businesses to diversify their offerings.

4. No Physical Office Requirement: SHAMS allows entrepreneurs to establish a business without the need for a physical office space, providing flexibility and reducing overhead costs.

5. Tax Benefits: Businesses in SHAMS enjoy a 0% corporate and personal tax rate, and full repatriation of profits and capital, making it a tax-friendly environment.

6. Quick and Easy Setup Process: With a simplified registration process, businesses can be up and running within a few days, thanks to SHAMS' streamlined procedures and digital-friendly approach.

7. Access to a Thriving Ecosystem: SHAMS provides networking opportunities, access to media professionals, and business support services to help companies thrive and grow in the region.

Steps to Setting Up a Business in SHAMS

1. Choose Your Business Activity: Decide on the type of business activity you want to pursue. SHAMS offers licenses in sectors such as media, trading, technology, and services.

2. Select Your Business Structure: Determine whether you want to establish a Free Zone Establishment (FZE), Free Zone Company (FZC), or operate as a freelancer.

3. Apply for a Business License: Submit your application online with the required documents, such as passport copies, a business plan, and proof of address.

4. Obtain Approvals and Make Payments: Once your application is approved, pay the necessary fees for license issuance and additional services if required.

5. Receive Your Business License: After the payment and verification process, you'll receive your official SHAMS business license, allowing you to legally operate in the UAE.

Required Documents for Business Setup in SHAMS

• Passport copy of the owner/shareholders

• Recent passport-sized photograph

• Business plan (if applicable)

• Proof of residence (utility bill or tenancy contract)

• Completed application form

Types of Business Licenses Available in SHAMS

1. Service License: Ideal for businesses offering consultancy, IT solutions, and professional services.

2. Trading License: Suitable for businesses involved in buying and selling goods.

3. Industrial License: For companies engaged in manufacturing and industrial activities.

4. Freelancer Permit: Perfect for solo entrepreneurs looking to provide services on an independent basis.

Cost of Business Setup in SHAMS

The cost of setting up a business in SHAMS starts from as low as AED 5,750, depending on the license type and additional services required. SHAMS offers flexible payment plans to accommodate different budgets.

Conclusion

Setting up a business in SHAMS is an excellent opportunity for entrepreneurs looking for a cost-effective and flexible entry into the UAE market. With its business-friendly policies, strategic location, and streamlined setup process, SHAMS provides an ideal environment for growth and success.

If you're considering establishing your business in SHAMS, consult with a business setup expert to guide you through the process and help you make the most of the opportunities available in this thriving Dubai free zone.