Know About Forming A Company In The Shams Free Zone https://www.dubaibusinesssetup.ae/shams-free-zone-company-formation/

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

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Types of Business Activities Covered By SHAMS

• If you are a first-timer, you must 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.

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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.

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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.

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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.

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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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