Why Start Your Business in SHAMS Free Zone?
Business in SHAMS Free Zone
Sharjah Media City (SHAMS) Free Zone is an excellent location to start your business in the United Arab Emirates (UAE). It attracts entrepreneurs from all around the world to begin their business.
There are countless reasons to begin your business here. In this article, we will disclose the top reasons that make this free zone an ideal location. You will also get a quick overview of the SHAMS Free Zone.
SHAMS Free Zone – Overview
Sharjah Media City (SHAMS) Free Zone was launched in 2017. It is a free zone that provides cost-effective business opportunities for creative business owners, freelancers, companies, and SMEs. Despite being the newest free zone, it is immensely growing with unimaginable speed.
It is also a one-stop destination to set up your organisation in the UAE. This free zone has transformed it into a global hub for business due to its world-class business environment, exclusive benefits, and specialized facilities.
The list of allowable ventures has not ended here. There are countless businesses to run in this free zone. It allows you to choose a business activity from 120 activities. Do you know the best part? You are allowed to choose to combine many business activities under a single business license.
Top reasons to initiate a business in SHAMS free zone
When it comes to reasons to start a business in SHAMS, you can find countless reasons that will push you to begin your venture here. Here are some of the top reasons to begin your business journey in this region:
1. Wide variety of business activity
Indeed, the SHAMS free zone is dedicated to the media industry. Still, you can run a business related to other sectors. Let’s look at the top ventures that you can start here:
(I) Media service: As mentioned before, the location is perfect for initiating ventures related to the media sector. Whether you want to begin your media training business, influencer marketing, or other filming service, the free zone lets you open any organization related to the filming sectors. It is also ideal for beginning a venture related to the gaming sector.
(ii) Manufacturing: The SHAMS is also the best for manufacturing. You can start various kinds of manufacturing startups, like repairing and installation of machinery. On top of that, you can consider beginning a venture related to printing manufacturing. This is not the end as you can begin a wide range of manufacturing ventures here.
(iii) Transportation and storage: It also allows you to start a business related to transportation. You can also consider beginning a cargo handling venture. It would also be best to enter into a business that involves courier activities.
2. New facilities for media companies
SHAMS keeps introducing new facilities to empower media businesses to become a world-class media hub for innovations and creativity. It focuses on boosting power within talented people and fosters a creative-friendly environment.
Shams Media Service (a subsidiary of Shams) developed a collaboration with OMNES Media in 2023 to introduce its influencer platform. It enables business sectors to connect directly with top influencers for marketing and promotional campaign requirements.
This is only an example of new facilities. There are many facilities that exist in this free zone.
3. 100% Foreign Ownership
SHAMS allows you to have 100% ownership of your business in this area. It means that you do not require a local sponsor or partner to start your venture here. You can retain complete control of your business operation. On top of that, you can solely make any decision related to your venture by starting your business here.
4. Cost-effective business solution
Sharjah Media City (SHAMS) is popular for offering low-cost business solutions within the UAE. You can choose a reliable company setup option beginning from AED 5750*. It is especially beneficial for those people who have a low budget to run a venture. On top of that, it lets people with lower budgets establish their organization within a region.
5. Tax benefits
You can enjoy significant tax benefits by initiating your organization in this region. It offers 0% personal or corporate tax if you earn up to AED 375,000*. On top of that, no export or import duty will significantly decrease the operational cost of a company. However, you are subjected to only 9% corporate tax if you earn more than AED 375,000*.
6. Strategic location
The Sharjah Media City (SHAMS) is also located at an impressive location to empower businesses. Sharjah International Airport is located at a distance of 15 minutes from this region. Furthermore, you can reach Dubai International Airport in just a half hour from this area. It is helpful for businesses that import or export goods.
7. Visas allocation
You can also get a visa allocation opportunity by beginning your business in this free zone. It allows you to sponsor up to 12 visas. Whether you want to sponsor your employee or family member, you can easily sponsor them.
8. Simple registration process
Last but not least, you can easily complete the whole business registration in this free zone. The best thing is that it provides you an opportunity to complete the registration process online. It frees up your precious time for other complicated tasks.
How can Flyingcolour Business Setup help you?
SHAMS free zone is among the growing free zones in the UAE. However, it is mainly created to support the media sector. Still, you can also start businesses in other industries. The reasons mentioned in this article are just a teaser. There are countless other reasons to begin a business in the SHAMS free zone.
Whether you want to start a media company, manufacturing business, or other venture, Flyingcolour Business Setup will guide you at every step in beginning your business.
To learn more about Why Start Your Business in SHAMS Free Zone? book a free consultation with one of the Flyingcolour team advisors.
The article was published on 16/11/2024. It is important to note that the federal policies and updates mentioned may have changed since then. For the most current information, please contact our consultant.
