Shams is a free zone in Sharjah, UAE, that offers a variety of business opportunities to entrepreneurs. Business setup in Shams is a straightforward process that requires obtaining a business license and following the relevant legal and regulatory procedures. In this article, we will guide you through setting up a business in Shams.
Choose your business activity:
The first step in setting up a business in Shams is to choose the most relevant business activity for your business. Shams offer various business activities, including media, marketing, advertising, and technology.
Choose your business license:
Once you have selected your business activity, you must choose the most appropriate license type. Shams offers three types of licenses: service, commercial, and industrial. The service license is suitable for businesses providing services, while the commercial license suits businesses engaged in trading activities. The industrial license is suitable for businesses engaged in manufacturing or industrial activities.
Choose your legal structure:
Choosing the proper legal structure is essential in setting up a business in Shams. You can choose from various legal structures, such as a sole proprietorship, partnership, or limited liability company (LLC). An LLC is the most common legal structure used in Shams, requiring a minimum of two shareholders.
Secure your office space:
Before applying for a business license, you must secure your office space in Shams. Shams free zone offers a range of office spaces, including flexi-desk options and private offices.
Apply for your business license:
Once you have secured your office space, you can apply for your business license. The application process is straightforward and can be completed online. You must provide all the necessary documentation, including your business plan, passport copies, and shareholder agreement.
Before obtaining your business license, you must obtain various approvals from government entities. This includes obtaining approval from the Sharjah Municipality, the Sharjah Economic Development Department, and other regulatory bodies.
Setting up a business in Shams is a straightforward process that requires careful planning and attention to detail. By choosing your business activity, business license, and legal structure, securing your office space, applying for your business license, and obtaining the necessary approvals, you can establish a successful business in Shams. With its world-class infrastructure, strategic location, and supportive business environment, Shams offers many opportunities for entrepreneurs looking to start or expand their businesses in the UAE.