Discover the vibrant world of business possibilities at the SHAMS Free Zone in Sharjah. This dynamic hub is designed for innovators and entrepreneurs keen to establish their ventures with ease and cost-effectiveness.
In SHAMS, you don’t only set up a business; you become part of a thriving community focused on growth and innovation. It’s a unique chance to secure your entrepreneurial dreams in a supportive environment.
The Essence of SHAMS Free Zone
The SHAMS Free Zone in Sharjah opened its doors in 2017, swiftly becoming a beacon for young entrepreneurs. Located in the vibrant Emirate of Sharjah, SHAMS champions accessibility for budding businesses, offering them a strategic launchpad.
Since its inception, SHAMS has rapidly gained a reputation for being a cost-effective and efficient environment for startups. Its commitment to nurturing creativity and innovation is evident in the diverse range of services available to business owners.
License Types Offered by SHAMS
SHAMS provides over 120 different business activities to choose from, making it highly adaptable for varied entrepreneurial needs. This flexibility allows combining multiple activity types on one license.
Among the license types available are Service and Consultancy, Trading License, Industrial License, and Holding License, each tailored to meet specific business functions.
The Service and Consultancy License caters to businesses focused on providing expert advice, while the Trading License supports those in the sale and movement of goods.
The Industrial License empowers companies involved in manufacturing, while the Holding License is ideal for organizations seeking to manage shares in other firms without engaging in direct business activities.
Each license type is structured to offer maximum operational freedom and is designed to help businesses flourish in their respective fields.
Streamlined Company Formation Process
Setting up a company in SHAMS is a straightforward process. Begin by selecting a company formation package suited to your needs.
From gathering necessary documents to signing application forms, each step is simplified for ease. Signing and submission of documents can often be done swiftly online.
The application process concludes with the submission to SHAMS Free Zone for license issuance, typically completed in three working days.
With no requirement for paid-up capital or local sponsorship, entrepreneurs enjoy full ownership of their endeavors.
Advantages of Setting Up in SHAMS
There are several compelling reasons to choose SHAMS, including its cost-effectiveness and absence of corporate taxes.
Businesses can be formed remotely, with no necessity for a physical office space, thanks to the offered virtual office solutions.
The zone allows 100% foreign ownership and boasts rapid license approval and issuance. This flexibility makes SHAMS an attractive option for global entrepreneurs.
With efficient customer service and a reputation for reliability, SHAMS remains a top choice for start-ups in the UAE.
Banking and Financial Services
Opening a bank account is seamless within SHAMS, as it collaborates with reputable banks across the UAE.
All bank-related processes are well-integrated with the company setup, ensuring a smooth start for your business activities.
Visa and Residency Solutions
SHAMS offers practical visa solutions, including three-year residency visas.
Visa processes are designed to minimize complications, ensuring a smooth transition for entrepreneurs and their families.
The free zone’s policies require minimal in-country obligations, further enhancing its appeal to foreign business owners.
Flexibility and Opportunities in SHAMS
The diverse range of business activities in SHAMS includes media, broadcasting, consultancy, and more.
With such versatility, SHAMS encourages business innovation and supports a variety of sectors, driving economic growth.
SHAMS Free Zone in Sharjah represents a golden opportunity for entrepreneurs ready to take on new challenges. Its supportive framework is a springboard for great business achievements.
Setting up a company here is not just about starting a business; it’s about investing in a future full of potential. Let SHAMS be the gateway to your success story.
Source: Legalinz
