Investors planning to initiate business setup in the UAE free zones contemplate multiple factors before making a final decision. It’s tough to choose one free zone to form a company in the UAE from a list of more than 40 active free zones. Investors usually use parameters such as location, facilities, activities and permitted licenses before choosing the right free zone for starting a business in the UAE. The factors may vary, but there is one common question every investor might have googled at least once: ‘Which is the cheapest or most economical free zone license in the UAE?’
The AED 5,750 license package offered by Sharjah Media City (SHAMS) is currently the cheapest free zone license in the UAE. It is the most cost-effective license in the UAE, however, you ought not to jump into the water merely based on the number. Read the following to understand more about the SHAMS license package:
What does or does not the Package constitute?
The AED 5,750 license is essentially a service or professional license, which permits the production, re-production, transformation and distribution of services. The package, however, does not include any visa. Consult with the best business setup consultants in the UAE to obtain the SHAMS license quickly. The following are some of the activities that come under this license:
E-commerce
Advertising
Digital Marketing
Events Organizing
Computer Programming & Consultancy
Media Production
Photography
Web portals
Printing
Market research
Graphics Design
Fashion Design
Interior Design
Publishing and Translation Services activities
For whom the SHAMS package is suitable?
The AED 5,750 package is generally touted as a license most suited for startups. The license package is designed as a media license because SHAMS largely caters to the media sector. The license, however, can be availed for other sectors including e-commerce companies and freelancers. Below are some of the businesses for which getting a media license in the Sharjah free zone business set up is advisable and an evaluation of why the SHAMS package is recommended:
Residents of the UAE
The SHAMS package is highly popular among entrepreneurs who are resident in the UAE. This is because the package doesn’t include a visa. Most foreign investors start a company in the UAE by choosing a license package that enables them to get resident visas for their families and employee visas. To avail of a license with visas, an entrepreneur has to opt for an upgraded package. This is why the AED 5750 package is most suited for UAE residents.
Entrepreneurs who are employed
Normally, an employed person can start a business in the UAE by obtaining a No Objection Certificate (NOC) from the current employer/sponsor. However, SHAMS Authority doesn’t mandate this requirement under this package. SHAMS, therefore, allows people to be their boss without leaving their current job.
Benefits of availing of the SHAMS business setup package in UAE
Not only is the SHAMS media package a gateway to low-cost free zone business setup in UAE, but it also has other benefits:
Limited Liability corporate structure
SHAMS Free zone allows the investors to open a business in the UAE as a Limited Liability Company (LLC) with full ownership. The Limited Liability structure provides a safety net for entrepreneurs in case any untoward incidents occur. An LLC structure limits the personal liability of the entrepreneurs toward business debts. Only the assets owned in the name of the LLC are subject to the claims of business creditors, including lawsuits against the business.
Low-cost free zone business setup in UAE
For aspiring entrepreneurs, the SHAMS package serves as the best option to start their business with low investments and gaining entry into the Middle East market. Therefore, business setup consultants in the UAE recommend startups consider obtaining the SHAMS license.
Hassle-free company formation
The documentation for acquiring a SHAMS media license is quite simple. You just have to submit a copy of your passport, visa, Emirates ID and photograph. Also, you can get the license without being physically present in the Emirate. Furthermore, you can upgrade your license according to your convenience to apply for any number of visas.
Get in Touch with Jitendra Business Consultants
Established in 2017, SHAMS has quickly evolved to become a haven for entrepreneurs and freelancers mainly because it offers the cheapest free zone license in the UAE among other attractive reasons. However, the process of business setup in the UAE free zones could become a complex process, if the entrepreneurs are not aware of the legal requirements.
Here is why the investors should apply for a license through the best business setup consultants in the UAE, such as Jitendra Business Consultants (JBC). JBC’s team comprises highly qualified company formation specialists who are well-versed in both the UAE laws and free zone regulations. JBC helps the investors steer clear of potential roadblocks they may encounter while initiating business setup in the UAE. JBC assists the investors in securing licenses, visas, and opening a bank account without any hassle.