13 July, 2021

Company License in Shams – Everything You Need to Know

company license in shams

Introducing SHAMS Free Zone:

Sharjah Media City (SHAMS) Free Zone emerged in 2017 as a dynamic media hub within Sharjah, UAE, swiftly becoming one of the nation’s fastest-growing free zones. Designed to nurture innovative business concepts, SHAMS has become instrumental in fostering entrepreneurial ventures in Sharjah.

Why Opt for SHAMS Free Zone?

Venturing into SHAMS Free Zone presents numerous advantages over mainland licensing:

  1. Full Business Ownership: Unlike mainland licenses, SHAMS Free Zone allows foreign entrepreneurs to retain complete ownership of their businesses, eliminating the need for local partnerships.
  2. Profit Control: Foreign investors enjoy unrestricted control over their business profits, both within and beyond the UAE, with the freedom to repatriate all capital and earnings.
  3. Tax Exemptions: Businesses registered in free zones like SHAMS are exempt from corporate, import, and export taxes, offering significant financial advantages.

Benefits of SHAMS Free Zone Registration:

  1. Affordable Licenses: SHAMS offers cost-effective trade licenses starting from AED 5,750, catering primarily to media-related activities such as Advertising, Marketing, IT Services, Consultancy, and E-commerce.
  2. Streamlined Registration: The registration process, conducted entirely remotely, typically spans three to seven days. SHAMS issues four types of licenses covering a broad spectrum of activities, with options to expand specializations for a nominal annual fee.

Types of Visas in SHAMS Free Zone:

Entrepreneurs setting up in SHAMS Free Zone can apply for up to six visas per company, renewable every three years. Two visa types are available: Investor/Partner Visas and Employment Visas. Health insurance coverage or a commitment to obtaining it within ten months is mandatory for visa applications.

Types of Licenses Issued by SHAMS Free Zone:

  1. Holding License: Facilitates the establishment of holdings within Sharjah emirate.
  2. Service License: Allows the provision of various services and the utilization of goods and facilities for service delivery.
  3. Trading License: Enables the sale, import, and export of goods within or outside the Sharjah emirate, including associated services.
  4. Industrial License: Authorizes manufacturing, production, and replication of goods.

Documents Required for SHAMS Free Zone License Setup:

Entrepreneurs must furnish specific documents, including Certificate of Incorporation, Memorandum of Association (MOA), Articles of Association (AOA), and relevant board resolutions. Additionally, passport copies of individual shareholders, directors, the company secretary, general manager, along with valid trade licenses, are essential for the application process.

Are you ready to setup a business in Dubai with RadiantBiz – Business Setup Consultants in UAE? If you want to learn about starting business in UAE, you can contact us by calling +971 50 797 4832 or sending a WhatsApp message to +971 50 777 5554.

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