Sharjah Media City Free Zone, also known as Shams Free Zone, is growing in popularity among entrepreneurs who are making them move to the UAE. Strategically located in Sharjah, Shams Free Zone offers its inhabitants a fusion of facilities and cost-effective solutions that make it ideal for anyone who wants to set up a business in the UAE. So, if you are thinking about whether Shams Free Zone could be the right choice for you, stay tuned as we uncover all the reasons why Shams Free Zone should be your top pick!
Strategic Location
Thanks to its location in Sharjah, Shams Free Zone is a stone’s throw away from regional and international markets. As a company operating from inside this free zone, you will enjoy easy access to air, sea and road networks. This would be especially beneficial for you if your business does a lot of importing and exporting. If you are a business that targets the GCC and MENA regions, then this location comes with numerous advantages.
Cost Effective Business Setup
The best reason why you may want to start a company in Shams Free Zone would have to be its affordability. When you look at the entirety of the UAE and compare it with Shams, you will realise that the costs to set up a business here are very low in comparison. For small and medium enterprises, startups and solo entrepreneurs, Shams Free Zone is the ideal choice.
It is also worth noting that there are no hidden fees that surprise you later on. This transparency is a big reason why many businesses choose to set up shop here. In addition to this, there are many packages on offer as well. These packages include company registration, visas, offices and so much more. All of these options can be tailored to your requirements.
100% Foreign Ownership
If you set up a business in Shams Free Zone, you will be happy to know that you can own 100% of the business even if you are a foreigner. This is beneficial because it gives you total control over how you want to run your business, unlike mainland businesses where a local partner must own a majority of the business.
Tax Benefits
As a business operating in Shams Free Zone, you will enjoy corporate tax rates set at 0% along with an exemption from personal income tax. If you are to import goods for your business operations, you will not have to pay any duties. The same is true for exports as well. These incentives make Shams Free Zone a great choice as businesses can reduce their operating costs in the UAE.
Streamlined Business Setup Process
Speak to any entrepreneur who has set up a business in Shams Free Zone and they will tell you how easy the business set up process was. As long as you have your documents in order, the process can be finished off in just a few days. This is because the processes are so streamlined, ensuring that you will face little to no delays.
Wide Range of Business Activities
Even though its name may suggest that the business activities in Shams Free Zone are only media related, that is not the case. Despite the name, Shams Free Zone allows entrepreneurs to engage in over 120 business activities. Whether it be e-commerce or trading or even consultancy, there is a place for you in Shams Free Zone. Don’t let the name drive you away, the versatility of Shams Free Zone has resulted in businesses of all natures finding a place to thrive in Shams Free Zone!
State-of-the-Art Infrastructure
As an entrepreneur operating from within Shams Free Zone Sharjah, you will enjoy a hist benefits, we have outlined a few below:
- Office spaces that are fully equipped and ready for operations
- Small coworking spaces for teams that are smaller. These would also work with freelancers
- Meeting rooms and that conference facilities
- Blazing fast internet with 24/7 tech support
Visa Flexibility
Aside from the facilities and ease of business set up, another reason why entrepreneurs are attracted to Shams Free Zone is because of the flexible visa options. If you are a business owner, residency in UAE is a breeze. The same is true for your employees. Another option would be the investor visas, which are attractive if you want to settle in the UAE.
Networking Opportunities
By situating yourself inside Shams Free Zone Sharjah, you will be surrounded by other link minded individuals. This means that you can access a growing community of entrepreneurs and professionals. You will have the chance to meet and connect with these people at networking events, seminars and workshops. Be sure to use these opportunities to build relationships and continue your journey of learning!
In Conclusion,
By now it must be clear to you that setting up a business in Shams Free Zone Sharjah comes with a wealth of benefits. From tax advantages to cost effective packages and superb infrastructure, Shams is the ideal choice, whether you are just starting out or even if you are a seasoned entrepreneur.
If you feel like you could benefit from some guidance and expert advice on whether you are making the right decision by choosing shams-free zones, SetHub is here to help! There is a reason why we are the preferred business setup consultant in the UAE, and a big part of that is because we know everything about the many free zones present in the UAE.
A quick call with us is all it takes for us to understand your requirements and goals, before we head to the drawing board and come up with a plan best suited for you! Maybe Shams Free Zone might be the best option for you, or maybe not! You’ll never know until you schedule that call with one of our experts. Our promise to you is that you will hear back from us in just one business hour!