Know About Forming A Company In The Shams Free Zone

What Do You Need To Know About Forming A Company In The Shams Free Zone?

For those who don't know, the Sharjah Media City or SHAMS is a considerably young and upcoming free zone- that is rubbing shoulders among the other big-name free zones of the UAE. As the name suggests, the free zone is based in Sharjah, which happens to be the closest emirate to Dubai.

It is essential to mention that more and more people consider Shams free zone company formation since it promises innovative business opportunities.

Types of Business Activities Bymust SHAMS If you areCovered a first-timer, you realise that the Shams free zone company's original motivation was to promote media-related businesses. However, that's not where the show stops for SHAMS. You can use SHAMS to cover a whole host of business activities when setting up your business.

You can essentially identify and merge numerous business activities under the same Shams free zone business setup when applying for the licence. As a result, you can practically consider all conventional economic activity in the UAE under the permits provided by SHAMS authorities.

License Costs of SHAMS Free Zone As mentioned already, the Sharjah Media City Business Setup provides support to small and innovative firms. They help all small and medium enterprises for growth by utilising the outstanding resources of SHAMS. You must ideally pay more if your company qualifies for more visas.

Company Formation Procedure in the SHAMS Free Zone Then again, you must note that Sharjah Media City Business Setups come with the primary purpose of remote operation. This is very much the case with entrepreneurs who are based outside of the UAE. You can establish your company in the SHAMZ free zone remotely within a week- regardless of your residency status. You may need your primary documents such as a Passport copy, Phone number, and Email for the process. Moreover, you must ensure that the issued documents are available in digital format.

Residency Visa Costs In SHAMS Free Zone When it comes to visa allotment and issuance, SHAMS has made a name for itself as one of the most flexible free zones in the UAE. Your company can be typically eligible for up to six visas- this is highly unusual in the UAE free zones.

You can otherwise apply for a Hamriyah free zone visa as an alternative for Sharjah Media City Business Setup. It would be best if you essentially remembered that all selected business packages promised by the SHAMS authorities are open for upgrading.

Company Renewal Regulations in SHAMS The SHAMS free zone also allows the investor to renew their company remotely for those who don't know. The renewal expense is at par with Sharjah Media City Business Setup costs- whereas you don't need the audit reports to complete the formalities.

However, you must note that monthly penalties will accrue if you don't complete the renewal process within the deadline. It would be best if you ideally got a local business expert for assistance. This will essentially help you to get on grips with the procedure.

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