Sharjah Media City Free Zone, also known as Shams, is a famous free zone in the United Arab Emirates (UAE) that offers many benefits for entrepreneurs looking to set up a business in the UAE. Before you start the process of setting up your business in Shams, there are a few things that you should know. What are SPC free zone license requirements? Click this link to know.
Understand the legal structure:
Your business’s legal structure will determine the license you need to apply for in Shams. Several types of claims are available, including commercial, service, and industrial licenses. It’s essential to understand the legal structure of your business and the requirements for each type of license before you start the registration process.
Choose the right business activity:
Shams offers a wide range of business activities that entrepreneurs can choose from, including advertising, media, technology, e-commerce, education, and more. Selecting a suitable business activity that suits your skills, interests, and experience and aligns with your business goals is essential.
Understand the cost structure:
Before setting up your business in Shams, understanding the free zone’s cost structure is essential. This includes the setup fee, annual renewal fee, and any other applicable fees or charges. It’s also important to consider the cost of office space, staff, and other expenses associated with running a business in the UAE.
Understand the visa process:
As a free zone, Shams offers a simplified visa process for entrepreneurs looking to set up a business in the UAE. However, it’s essential to understand the visa process and the requirements for obtaining a visa for yourself and your employees before you start the registration process.
Research the market:
Before setting up your business in Shams, it’s essential to research the market and understand the competition in your industry. This will help you identify opportunities and potential challenges and develop a business strategy that aligns with your target market’s needs.
Work with a reliable business setup consultant:
Setting up a business in Shams can be a complex process, and it’s essential to work with a reliable and experienced business setup consultant who can guide you through the process and help you navigate any challenges.