SHAMS - COFOCSP

Business setup in SHAMS

How to Setup a Company in SHAMS?

Here are the key steps to set up a business in SHAMS.

Business Activity

Choose an activity concerning business permitted by SHAMS rules.

Trade Name Registration

Obtain a unique trade name strictly according to SHAMS rules.

Application Documents

Provide incorporation documents required for a company in SHAMS.

Business License

4. pplication Acquire the license, under the law, to carry on business activities.

Corporate Bank Account

Open corporate bank account to manage all the transactions related to your business systematically.

Key Benefits of Business Setup In SHAMS

1
100% Foreign Ownership
SHAMS allows 100% foreign ownership, which means international investors have complete control over the business.
4
No Corporate Tax
0% corporate tax enhances profitability for businesses operating in the free zone.
2
Affordable Setup Costs
Low setup and operational costs make it an ideal place for startups and small businesses.
3
Creative Industry Focus
It is especially designed for creative industries that will help to innovate and collaborate.

Frequently Asked Questions

Pros of opening business in Shams Free Zone:
1. No tax environment.

2. 100% foreign ownership.

3. There is no restriction on the repatriation of profit.

4. One-stop shop for all government services.

Sharjah UAE Business Setup | Shams Free Zone Registration
SHAPING TOMORROW, TOGETHER. Sharjah Media City (Shams) as the region's pioneering creative hub, is a free zone empowering creative entrepreneurs, startups, SMEs, companies, and freelancers with cost-effective business setup solutions.

How to Setup Your Company in the UAE Free Zones
1. What Business Activity do you Have?.
2. Legal Structure of your Company.
3. Select a business location/venue.
4. Obtain preliminary clearance.

5. Registration and payment of license fees. 

Setting up a business in free zones
1. No free capital flows are restricted
2. 100% ownership of fixed assets. Free zones grant 100% foreign ownership. All earnings can be reinvested in special economic zones at 100%.
3. A mature banking system having excellent liquidity besides government patronage through the central banking agency.
4. There are no transfer restrictions.

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