SHAMS – Newest Free Zone Formed
SHAMS was launched in January 2017 to act as a catalyst for creative and media businesses to grow and succeed going forward. It is aimed to be world class media hub for innovative facilities. It is the recently constructed free zone that provides trade licenses to different companies and serves as a great venue for attaining your business goals.
This free zone is located in the Emirate of Sharjah, which provides world class trading opportunities and infrastructure to different businesses associated with it. The vibrant and connected ecosystem allows businesses to grow, flourish and innovate going forward.
Benefits of Free Zone
Here are some of the advantages of joining the SHAMS free zone community:
- One Stop Destination for your Business Needs
As a SHAMS member, you can easily access quality resources required to grow your business for the betterment of the company you are associated with.
- Easy Connectivity to Airports
SHAMS free zone is located at close proximity 5 from Sharjah International and Dubai International Airports.
- Company Documents Issued within Days
SHAMS provide the following list of services that can be opted based on the business and customer requirements:
- Free Zone Services
Shams Free Zone in Sharjah aims to provide solutions in the field of education, creative sectors etc. and thus attain high level of innovation. It attracts start-up companies and businessmen to help them establish and grow their businesses with 100% foreign ownership in a world-class and creative free zone hub at a very low cost.
- Company Set Up Services
This free zone provides end-to-end business setup solutions and help businesses flourish going forward.
Types of License
The type of license depends on the activities you need to perform in the free zone:
- Trading License
This license works when you want to sell goods within SHAMS or import/export goods.
- Industrial License
This license deals with various aspects of managing goods that includes production, re-production, transformation and manufacturing.
- Holding License
This license allows you to hold standalone assets and/or stakes in other companies. You would require a holding company for the purpose of controlling other company or companies with other relevant assets like patents, trademark etc.
- Service License
This license allows you to manage various aspects of managing services including production, re-production, transformation and distribution of services. Service license includes rendering services as a primary objective and utilizing goods to provide them.
Cost of Setting Up
The cost of setting up a company in SHAMS free zone includes the license and support services cost. The initial costs of setting up company at the first place are very affordable and start from AED 9050 per year (inclusive of VAT).