Shams Free Zone vs. other free zones

While there are many free trade zones in the UAE, the Shams Free Zone in several areas. Here is a comparison with other popular free zones:

• CostsThe Shams Free Zone offers more cost-effective start-up packages compared to free zones such as IFZA or JAFZA. This makes it particularly attractive for start-ups and entrepreneurs working on a limited budget.

• Target industryShams has a clear focus on the media, creative and entertainment industries, but also offers licenses for other sectors such as retail, services and technology. Other free zones such as Dubai Media City are more specialized in media, while zones such as Jebel Ali Free Zone (JAFZA) have a broader focus.

• Company foundationThe incorporation process in Shams is particularly quick and easy, and the ability to do everything online makes it one of the most user-friendly free zones.

Steps to setting up a business in the Shams Free Zone

Setting up a business in the Shams Free Zone is simple and straightforward. Here is a step-by-step guide:

1. selection of the company license

The first step in starting a business in the Shams Free Zone is choosing the right license. Shams offers a variety of licenses, including:

• Service licenseFor companies that offer services such as consulting services, IT services or marketing.
• Trade licenseFor companies that import, export or trade goods.
• Production licenseEspecially for companies in media production, such as film production, audio production or video game development.
• General Trading LicenseFor companies that want to trade a wide range of goods.

2. selection of the company form

Depending on your business model, you can choose between different company forms, including

• Sole proprietorship
• Limited liability company (LLC)
• Branch of an existing company

3. registration and submission of documents

As soon as you have decided on a license and a company form, you can start the registration process. The required documents usually include:

• Completed application form
• Copy of the passport of the business owner and the partners
• Proof of residential address
• Passport photos

The process can be completed entirely online and approval is usually granted within a few days.

4. apply for a license and visa

After registration, you can apply for the license for your business and the necessary visas for business owners and employees. Shams offers flexible visa options, including residence and work visas for up to six people.

5. choose your office

Depending on your needs, you can opt for a physical office in the Shams Free Zone or use a virtual office. Virtual offices are particularly interesting for start-ups and small companies, as they are more cost-effective and still offer a professional business address.

Costs for setting up in the Shams Free Zone

The set-up costs in the Shams Free Zone are very competitive compared to other free zones. Some of the typical costs are listed below:

• License feesThe cost of a basic license starts at around AED 5,750 (approx. EUR 1,300), making it one of the cheapest free zones in the UAE.

• Visa feesA visa usually costs between AED 3,500 and AED 5,000, depending on the number of visa applications.

• Office rentPhysical office space is cheaper in the Shams Free Zone than in Dubai, although prices vary depending on size and location. Virtual office solutions are available from around AED 5,000 per year.

Why choose the Shams Free Zone?

The Shams Free Zone offers an excellent combination of low cost, flexibility and a clear focus on the media and creative industries. It is ideal for entrepreneurs, start-ups and SMEs looking for a cost-effective way to set up a business in the UAE. The strategic location close to Dubai and Sharjah and the fast incorporation process make Shams Free Zone one of the best options for foreign investors.

Conclusion

The Shams Free Zone is an attractive option for entrepreneurs looking for a flexible, cost-effective and tax-optimized solution for setting up their business in the UAE. With a wide range of licenses, a simple incorporation process and low costs, Shams offers an ideal platform to enter the lucrative UAE market. Whether you are in the media industry or working in another sector, the Shams Free Zone offers you the flexibility and support you need to succeed.