The location of Sharjah is like the heart of the United Arab Emirates as it is located on the shores of Arabian Gulf and also shares the border with other emirates of the country. The Sharjah emirate is the best place to start a business of any kind. TThe emirate has the best business parks and also recreational parks for families and moreover the emirate provides all the business infrastructure for young investors as well. The area of the Sharjah Emirate makes it the third largest emirate of the country and its borders with all other emirates makes it the central one and also the center of attraction for all the emirates. Sharjah is the home of some of the top millionaires.
Business in Shams Free Zone Without Any Hassle
In the past no foreigner can open up the company with 100% legal rights of ownership but the free zones give the permission to own the company with 100% legal rights of the ownership of the company. Sharjah Media City or the Shams is the new free zone in the emirate. To set up business in Shams Free Zone in Sharjah one has to follow certain steps and we will discuss them one by one.
Choose the Business Activity Shams Free Zone
Every business starts with an idea. This means that you have to select the business from the chosen business categories available for registration by the zone. When we say that select from the available categories then the first thing that pops up in mind is that there are only a limited number of categories but in particular these categories are in thousands. You have options under media, retail and marketing, services, consultancy, and technology. For more information you can contact any channel partners of Shams free zone.
Licensing and Legal Structure of the Company
Your business activity determines the license type that you need for the business in the free zone. The businesses in the Shams fall under many categories and licenses are issued on the basis of the activity for example you can get the LLC license, Sole Trader Trader License and the branch of foreign company as well.
Business in Shams Free Zone
If you have partners and your company office is in the zone then it will be a LLC or if you do not have any partners with you then it is the SLC or a sole trader company. You may establish an off-shore company as well but before this you must gather all the required information from the business consultants who are channel partners with Shams Free Zone.
Choose the License Package that Suits You
In Shams free zone there are a few packages available and you can choose from them, this makes it cost-effective to settle your dream business venture in the area. The location of the free zone is ideal because it is located at the forefront of the Sharjah bay area. You can choose the packages as per the size of your idea of investment in the zone. You can choose the business as a freelance business, a startup or as an established business.
Apply Via Portal For Registration
Getting done with the selection of the business activity, choosing business activity and selecting the right package is not enough because now you have to apply through the portal. Select the number of years you want the license, number of visas you are looking for, select the office facilities that you require and then submit the application. You may get a 35% discount on registering the business for a 5 years license. You can get the required information from the agents and the channel partners as well. The approval usually takes one to two working days if you apply with all the required documents. You can take the help of business setup consultants who are working as channel partners.
Legal Documentation Required
You must fulfill all the documentation to register the company. A separate type of documentation is needed for any sort of the company i-e LLC or a branch. For an LLC you need to submit the identification documents, an onboarding form, business plan and beneficial owner of the company. For a branch of your existing business you need to submit a certificate of incorporation, articles of incorporation, and good standing certification of your parent company.
Pay The Fees
Pay the fees and start the operations of the business. This includes the fee of the package and other government fees if needed. Now, you will get all the visas and the other documents to open up the bank account. In this way you can start the business seamlessly in Shams free zone Sharjah.
Crux of The Matter
Start your dream business venture in Shams free zone and register yourself as a business in the UAE. This opens the door of endless opportunities because the emirate holds a central position in the country. It also touches the Arabian Gulf therefore, you can reach the world quite easily. Get the benefit of the lowest tax business environment in the middle east and touch the skies of growth.
