Sharjah is the heart of the United Arab Emirates as it shares a border with all the other six emirates and faces the Arabian Gulf. The location makes it the perfect place to invest in any sector of your interest. The emirate has the best industrial parks in the region and therefore it offers the vibrant business ecosystem for business growth. According to area, Sharjah is the third largest emirate and holds a central position on the map of the UAE. Sharjah offers cost-effective business setup opportunities and a wealthy consumer market therefore, the businesses may grow vertically. The emirate is ruled by the royal family of Sharjah therefore, in the past it was not possible to register the business with 100% ownership but thanks to the free zone business setup now you can get the 100 percent ownership of the company with lots of other benefits. To setup 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
The business starts with an idea. This means that you have to select the business from the selected business categories available for registration. When we say that select from the available categories then the first thing that pops up in your mind is that there are only a limited number of categories. No need to worry about this because there are a large number of categories and subcategories available you can choose from. 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. 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. There is a cost calculator available on the website of the Shams and you can calculate the price of the package you are entitled to.
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 in UAE 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.Â
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.