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Tag: sharjah free zone company setup

  • How to Start an E-Commerce Business in Shams Free Zone?

    How to Start an E-Commerce Business in Shams Free Zone?

    E-commerce is a thriving business worldwide, and there is an especially huge market for it in the UAE. With a diverse population and customers in every segment, one can greatly benefit by an e-commerce business setup in Sharjah or anywhere in the UAE.

    Due to the restrictions and lockdowns that have been enforced since the pandemic, many customers preferred the online medium for their purchases. As the digital age continues to prosper, the opportunity is huge.

    Today, most of the population is tech-savvy and prefers to shop and do business via online platforms, making this the opportune time to shift focus from physical to digital.

    For those looking to start an e-commerce business setup in Sharjah, the Shams free zone is one of the best options available. With huge investments and demands on the digital front, Sharjah Media City or Shams free zone is a popular option among young entrepreneurs and digital businesses.

    The great benefits that the free zone offers to e-commerce businesses and other digital business setups make it the perfect option to cater to the Middle East’s fast-growing market.

    If you are among those who want an e-commerce business setup in Sharjah, here’s all you need to know about the Shams free zone and the process to get an e-commerce license in Sharjah.

    Why choose the Shams free zone?

    Launched in 2017 as an initiative to promote business and digital activities in the region, Shams free zone is a world-class hub for businesses and entrepreneurs to embark on their journey in the UAE. Shams free zone offers an accessible and vibrant ecosystem for e-commerce, digital, and other futuristic activities to thrive in the region.

    The Shams free zone provides several benefits to companies such as:

    • Full ownership of business: Free zones allow foreign investors to get 100% ownership of their business, unlike the mainland, where expats have to partner with a UAE national to be able to obtain a business license.
    • Full profit repatriation: Free zone expats can repatriate all their profits to their home country, meaning the freedom to transfer 100% of their capital to their place of origin without any requirements.
    • 0% import or export tax
    • Range of business activities: The free zone supports a range of business activities, making it easy for individuals to connect and network. Shams free zone is the centre of activities in import & export, marketing consultancies, event management businesses, e-commerce, media and other services.
    • Fast & easy setup process for getting a business license.
    • Multiple license requirements: The Shams free zone offers four types of licenses which are – service license, industrial license, trading license and holding license. These are great for any type of business size and requirement.
    • Register from the comfort of your home, as all the required documents can be sent to Shams free zone without requiring a physical presence for submission.
    • Flexible visa packages, allowing shared desk facility and up to 6 visas for employees. SHAMS free zone additionally also allows holders to sponsor family members and dependents.
    • Access to co-working spaces and cost-effective business setup for entrepreneurs and e-commerce companies. Shams free zone also offers facilities like Wi-Fi, printers, and other basic requirements at its facility.

    Specifically for e-commerce companies, The Shams free zone offers great benefits such as –

    • Easy access to trade, service and industrial licenses 
    • Great opportunity to expand in the region as it offers low-cost business setup and support 
    • Availability of a huge market that can allow a range of products or services 
    • Fast setup process and presence of a supportive community for e-commerce to yield maximum business benefits 

    What do you need for e-commerce business setup in Sharjah? 

    For your e-commerce business setup in Sharjah, you need to get a business license for e-commerce companies. To start this, there are a few things that you need to consider – 

    • Products that you will be selling: In free zones, companies cannot sell products directly to the customers. But companies can have agreements with the suppliers before listing these on their platform. Licensing requirements also differ as per the products being sold. This requires the e-commerce business to have a proper plan of what they will be selling. 
    • Warehouse requirements: Most e-commerce businesses directly sell the products from the dealer to the customer. However, if there are any storage requirements, the company needs to have a mandatory warehouse license. 
    • Customs and product registrations: Since the dealers and manufacturers need to be registered with the local authority, e-commerce companies need not be responsible for the product registrations of customs. However, if you plan to procure the products yourself, you need to have the required supplier registrations and pay the customs duty as applicable. 

    To obtain an e-commerce license in Sharjah, you can follow a few simple steps – 

    1. Ensure that you have all the required documents for the application, including the Memorandum of Association.
    2. Register the trade name of your business; make sure this is unique and follows the required mandate.
    3. Decide on office requirements, warehouse and staffing needs.
    4. Pay the Shams fees – for starters, a media package with an e-commerce business and zero (0) visa allocation starts at AED 5,750. For companies that need to acquire a visa, packages start at AED 9425. Freelancers or a single shareholder with an e-commerce business activity and zero visa allocation starts at AED 5,750. 
    5. You are all done – if you meet all the requirements, you can get your e-commerce license in Sharjah. 

    Get started on your business journey with Shuraa 

    The Shams free zone comes with a business setup featuring extravagant office space, smart desks, and shared offices to fit every budget. With Shuraa Business Setup, we can help you start a business in the UAE and gain the Shams free zone License at low-costs. 

    Therefore, this is a fantastic opportunity for companies, freelancers, and entrepreneurs who want to expand their business in the emirate of Sharjah. 

    If you think that getting a business license in Sharjah is complex and time-consuming, having a knowledgeable advisor by your side is extremely valuable. By providing you with all the know-how on the process and the regulatory requirements, you can get a head start and get all the approvals faster.  

    For an e-commerce license in Sharjah, you need to provide the right documents, and any lapses carry the risk of instant rejection. So, while these steps will help you make the process a lot simpler, you need to consider having an expert by your side to seek proper guidance and help you out through the entire process. 

    To get started and find out more, you can call Shuraa experts at +971 44081900 or send a WhatsApp message on +971 50 777 5554 . You can even drop in an email at info@shuraa.com and get your queries answered. 

  • Decoding the AED 5,750 company formation package

    Decoding the AED 5,750 company formation package

    Even for a young nation, the UAE has placed itself as the economic hub of the Middle East. And for a good reason. There are several contributing factors which attract a huge influx of investors and entrepreneurs annually. One of the primary reasons is low cost free zone business setup in UAE.

    Entrepreneurs can begin their business ventures for just AED 5,750. How? By choosing the Sharjah free zone business setup package. However, it is important to understand what the package entails. Whom is it suitable for? How can one avail it? What are its benefits?

    The following column explains in detail the cheapest free zone license in UAE. 

    What does the AED 5,750 package constitute?  

    Rolled out by Sharjah Media City (SHAMS), the AED 5,750 package is designed for the formation of media companies. The offer, however, is only valid for Sharjah free zone business setup. The media license is a professional / service type of trade license issued by SHAMS. But, the package does not include any visa.  

    Entrepreneurs can engage in any one of the 13 activities allowed under the media license:

    • Advertising
    • Digital marketing  
    • Programming and consultancy  
    • Media production  
    • Photography  
    • Web portal
    • Printing  
    • Market research  
    • Graphic design  
    • Fashion design  
    • Interior design
    • Publishing  
    • Translation services  

     To add more activities under your trade license, you need to pay AED 1,000 per activity.

    Whom is the SHAMS package suitable for?

    As the AED 5,750 package is promoted as the cheapest free zone license in UAE, it is most favourable for startups. However, it is open for all, including non-residents.  

    Below are some of the businesses for which getting a media license in the Sharjah free zone business set up is advisable and an evaluation of why the SHAMS package is recommended:

    Residents of the UAE

    One of the primary reasons for company formation is to avail resident visas for one’s family as well as employee visas. Although the package can be availed by foreign investors, the purpose of setting up a business in the UAE is not served. Why? It does not include any visas, which is one of the perquisites for opening a bank account in Dubai. Therefore, it makes more sense for people with UAE residency visas to apply for the SHAMS media license.  

    Entrepreneurs who are employed and owners of other existing businesses  

    To apply for a media license in SHAMS, you do not need to obtain a No Objection Certificate (NOC) from your current sponsor. Therefore, people who are have a job can also start their own business ventures by availing the Sharjah free zone business setup package. 

    Benefits of availing the SHAMS business setup package in UAE  

    Not only is the SHAMS media package a gateway to low cost free zone business setup in UAE, but it also has other benefits:  

    100% foreign ownership with a Limited Liability corporate structure  

    Usually on the mainland, businesses with professional / service licenses do not prefer an LLC structure as this would require them to partner with a local sponsor who would mandatorily own 51% of the company shares. In SHAMS, however, your media company can have a limited liability corporate structure along with 100% expat ownership. The main advantage of having a limited liability structure is that in case of any untoward future event, your personal assets would remain safe as the company’s liabilities would suffice to deal with the situation.   

    Low cost free zone business setup in UAE  

    For aspiring media entrepreneurs, the package serves as a reasonable means of getting their own legal business with low investments and gaining hands-on experience. Therefore, startups can certainly consider getting the SHAMS media license.  

    Hassle-free company formation

    The documentation for acquiring a SHAMS media license is quite simple. You just have to submit a copy of your passport, visa, Emirates ID and photograph. Also, you can get the license without being physically present in the Emirate. Furthermore, you can upgrade your license according to your convenience to apply for any number of visas.

    To learn more about low cost free zone business setup in UAE or apply for a SHAMS media license, get in touch with Shuraa Business Setup. The free zone specialists at Shuraa will help you explore all possible options so that you can avail the cheapest free zone license in UAE. For enquiry, call on +97144081900 or drop a WhatsApp message to +971507775554 or simply send an email at info@shuraa.com.

    Author
    Neha Tyagi
    Corporate Advisor | Free Zone Specialist

  • What is the cost of company formation in Sharjah?

    What is the cost of company formation in Sharjah?

    Company formation in Sharjah provides sustainable commercial growth companies and businesses. Let us understand the variables before analysing the business setup cost in Sharjah.

    Company registration in Sharjah provides a multipurpose module to businessmen and entities. Which is why, opening a company in Sharjah is appealing. Foreign investors can explore and participate in various commercial segments. The governmental authorities uplift and support the entrepreneurial environment in the region. This encourages businesses in Sharjah to find potential and development possibilities.

    Types of company formation in Sharjah

    Company formation in Sharjah has stimulated the shipping sector of the country and has created an industrial base for the United Arab Emirates. For several years, Sharjah company formation is preferred by the shipping, trading and FMCG sectors along with the import & export industry.

    Sharjah has been valued for its strategic location as it connects some of the major trading zones. Trading entities prefer setting up a business in Sharjah because to its excellent logistics chain management. Sharjah connects the Arabian Gulf coast, the East coast along with the Indian Ocean.

    In the recent times, Sharjah businesses are not only limited to these peripherals rather have a vast outlook.  The Sharjah government has taken every step to give the region a major thrust for foreign investments. With an envision to create enormous opportunities of company formation in Sharjah.

    The region has an immense opportunity for trading, service sectors, industrial projects, etc. There is also a major scope in Sharjah for manufacturing industries, metal scrap industries, paper industries, retail companies and garment businesses.

    Sharjah has given a pathway to economic and financial sectors, training institutes, educational sectors and cultural oriented businesses as well.

    Guidelines for company formation in Sharjah

    If you are wondering how to set up an LLC company in Sharjah or any other type of business in the region you must consider these guidelines. These guidelines do not only help you through the process of Sharjah company registration, but also helps you understand the steps involved in company setup. They are as follows –

    1. Research and plan your business setup in Sharjah

    Researching about Sharjah company formation is a perfect start towards setting up your business in Sharjah. Registration of the company is a legal procedure involving the governmental authorities and licensing bodies. Depending on the business activities the procedures of company registration in Sharjah will be put into action.

    2. Understanding the process of company registration in Sharjah

    The process of Company Registration in Sharjah is fulfilled by the Department of Economic Development in the Emirates. Once the business activity and jurisdiction are finalised the process is followed by getting the business license under the given jurisdiction.

    3. Renting an office space for registering company in Sharjah

    You will need an office space to setup business in Sharjah. If you are considering to setup a business under a freezone in Sharjah, ensure that the rental office must be within the freezone. Once the business is registered in the given jurisdiction, it becomes mandatory for the organization to engage in any business activity only within the given jurisdiction. However, this is not applied to mainland business setups.

    4. Considering business expansion & future growth

    Sharjah business registration is a great option for people considering business expansion and growth in the UAE market. But it is important to ascertain that the given registration will allow you assimilate adjacent business activates in the future as well. Secondly, under the proceeding the company is registered there needs to be growth and development possibilities. Speak to an expert before!

    5. Appoint A Company Registration Consultant

    Company Registration Consultant take care of all the “things you need to know”. We advise you on how to start a business in Sharjah in the best means possible. You can completely concentrate on your business and do not worry about the legalities involved during the process of company registration in Sharjah.

    Cost of company formation in Sharjah

    If you are planning to register your company in Sharjah Mainland or what to know the cost of a general trading license in Sharjah get in touch with Shuraa Business Setup and we will help you with your entrepreneurial endeavour.

    Professional Company
    AED 18,000
    First Year       		Normal Trading Company
    AED 18,500
    First Year      		General Trading
    Company
    AED 25,500
    First Year  
    IncludesIncludesIncludes
    Free Business Setup
    Consultation    		Free Business Setup
    Consultation    		Free Business Setup
    Consultation
    Professional Company License Fees in SharjahNormal Trading License Fees in SharjahGeneral Trading License Fees in Sharjah
    UAE Service AgentUAE Service AgentUAE Service Agent
    Dedicated ConsultantDedicated ConsultantDedicated Consultant
    Complete DocumentationComplete DocumentationComplete Documentation
    Continual Reliability & SupportContinual Reliability & SupportContinual Reliability & Support
    Package Excludes – Market Fees (13% of Annual Rent)
    Municipality Fees (5%of Tenancy Contract)
    Foreign Trade Name
    Sewa Deposit
    All Visa Costs      		Package Excludes – Market Fees (13% of Annual Rent)
    Municipality Fees (5%of Tenancy Contract)
    Foreign Trade Name
    Sewa Deposit
    All Visa Costs      		Package Excludes – Market Fees (13% of Annual Rent)
    Municipality Fees (5% of Tenancy Contract)
    Foreign Trade Name
    Sewa Deposit
    All Visa Costs  

    Sharjah Free Zone Company Setup Cost

    Sharjah free zones offer world-class business amenities, flexi office setups, access to free-hold property, etc. Sharjah Free Zone also provide affordable land and labour as well as incentives to Small and Medium Enterprises. All these factors contribute towards the affordability of Sharjah freezone company setup cost. However, when compared to Sharjah LLC company formation or mainland, free zones are more expensive and restrictive.

    Sharjah has several freezones such as SHAMS (Sharjah Media City), Hamriyah Free Zone and SAIF (Sharjah Airport International Free Zone) among others. Each free zone jurisdiction has its own authority that defines exclusivities as well as limitations.

    Business setup in SHAMS (Sharjah Media City) which is a well-known Sharjah free zone costs AED 25000 approximately. Whereas, Sharjah Airport International Free Zone business setup costs around AED 35000 approx. In a free zone, companies are only allowed to do trade within the free zone or outside the country. Hence, free zone company setup in Sharjah will also restrict on doing business within the country.

    Book a Free Business Setup Consultation

    Speak to a business setup consultant for free to understand the cost of company formation in Sharjah. Also, with a free consultation analyse whether to go for a Sharjah LLC company formation or a free zone business setup, depending on your preference and business activity.

    To know the various perks and advantages of business setup in Sharjah Mainland or even for a Sharjah free zone company setup, contact Shuraa Business Setup. Shuraa makes Sharjah company registrations easy and affordable.

    Call Now +97144081900 WhatsApp +971507775554 or send us an email on info@shuraa.com.