QuickPlus Guide to Setting Up Your Business in SHAMS Free Zone
Discover the Benefits of SHAMS Free Zone
Embark on your business journey in the heart of Sharjah Media City (SHAMS), where innovation meets opportunity. Quickplus provides you with an expert gateway to launch and expand your business in one of the UAE’s most vibrant economic zones. Here’s why SHAMS Free Zoneis a top choice:
1. Strategic Location & Global Connectivity
Sharjah Media City (SHAMS) is ideally situated, bridging key global markets across Europe, Asia, and Africa. This prime location enhances the connectivity for businesses, making it a hub for international trade and collaboration. With QuickPlus, leverage this strategic advantage to access diverse markets and propel your business forward.
2.Streamlined Business Setup
QuickPlus simplifies the process of setting up your business in SHAMS Free Zone. Enjoy a straightforward, transparent setup process with minimal paperwork and quick processing times. Whether you’re a startup or an established enterprise, our tailored services help you get your operations up and running in no time.
3.Attractive Tax Benefits
SHAMS offers a competitive tax structure that is designed to support businesses and foster growth. Benefit from zero personal income tax, full repatriation of profits, and no corporate taxes. QuickPlus helps you maximize these benefits, making SHAMS not just a cost-effective choice but a financially smart one as well.
4.Cutting-Edge Infrastructure
Sharjah media city Free Zone is equipped with modern facilities and infrastructure. From modern office spaces to advanced IT support and robust logistical frameworks, QuickPlus ensures your business has everything it needs to succeed in a high-tech environment.
5.Focus on Innovation and Creativity
SHAMS Free Zone is committed to fostering a culture of innovation and creativity, making it an ideal spot for businesses in the media, tech, and creative industries. With QuickPlus, We helps you tap into this vibrant ecosystem, where you can collaborate with like-minded entrepreneurs and creatives.
6.Government Support and Incentives
Benefit from the strong support of the Sharjah government with initiatives designed to boost business growth. SHAMS Free Zone offers various incentives such as business support services, networking opportunities, and access to venture capital. We guides you through these opportunities, ensuring you have all the resources at your disposal.
7.Quality of Life and Professional Growth
Set up in a location that not only supports your business but also offers a high quality of life for you and your team. Sharjah Media City (SHAMS) provides a safe, vibrant, and culturally rich environment, which is an attractive draw for top talent. QuickPlus assists in making the transition smooth for you and your employees..
8.Access to a Diverse and Dynamic Market
SHAMS Free Zone thrives on its multicultural business landscape, offering access to a wide customer base. With QuickPlus, target a diverse audience that spans local and international markets, ensuring your business reaches its full potential.
Launch Your Business in SHAMS SHAMS Free Zone
Setting up your business in SHAMS Free Zone with QuickPlus offers a unique blend of strategic advantages, supportive government policies, and a dynamic market environment. Embrace the potential of sharjah media city Free Zone and place your business on the path to success with QuickPlus as your trusted partner. Start your journey today and unlock the limitless possibilities in one of the UAE’s most promising free zones.
Other Free Zones
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SHAMS
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FAQ
Why choose SHAMS Free Zone for business setup?
SHAMS offers strategic advantages like tax benefits, a prime location, and robust infrastructure, supported by QuickPlus’s expert services.
What are the key benefits of incorporating in SHAMS?
Enjoy streamlined setup processes, substantial tax savings, and access to a thriving business community.
How does SHAMS support tech and creative industries?
With its focus on innovation and creativity, SHAMS provides an ecosystem that nurtures tech and creative enterprises, supported by infrastructure and community initiatives.
Can I open a bank account remotely?
Generally, opening a bank account in the UAE requires a personal visit due to UAE Central Bank regulations, which need this to confirm your identity. However, some banks do offer the option to start the process remotely using their digital apps or websites.
Do banks give debit and credit cards or loans?
Typically, you can get a debit card when you open a new company account, especially if there’s just one shareholder. For a credit card, banks often require a fixed deposit. As for loans, banks look at how your company has been doing in terms of operations and profits. It’s best to wait until your company has been running for at least a year before applying for a loan.
Can a free zone company have offices outside the free zone?
Officially, a free zone company must have its office within the free zone where it’s registered. However, if you need an office in Dubai, you can rent space in a Business Center on a flexible basis. Keep in mind that the minimum required space (flexi desk) in the free zone is mandatory and cannot be canceled.
Why do I need a flexi desk or office?
A flexi desk is required for any company that needs resident visas. It’s the smallest type of physical office space a company must maintain if it has individuals under its visa. Additionally, having a flexi desk helps with opening a bank account, as banks need proof of a company’s physical presence or office.
How long does it take to obtain a business license in IFZA?
The UAE does not charge personal income tax. However, there is a 5% import tax on goods entering the country and a 5% VAT on trading or service transactions within the UAE.
On June 1, 2023, the UAE introduced a 9% corporate tax. Nevertheless, free zone companies in the UAE that meet specific criteria set by the Federal Tax Authority can qualify for tax reliefs and might be eligible for a 0% corporate tax rate.
Why choose a free zone company over an offshore or mainland entity?
The suitability of a free zone company versus an offshore or mainland entity depends on your business model and requirements. However, a free zone setup offers advantages such as 100% foreign ownership, eligibility for resident visas, the ability to conduct business both within and outside the UAE, and greater favorability with banks compared to offshore companies. Additionally, free zones often offer a flexi desk option instead of executive offices, making it a cost-effective way to start a business without unnecessary obligations.
What tax advantages can I expect by setting up in IFZA?
Businesses in IFZA benefit from tax exemptions on both corporate and personal income, which can significantly reduce your overall tax burden.
Can you guarantee the opening of a bank account?
While we aim to streamline the bank account opening process, we cannot guarantee approval since it ultimately depends on the bank. The approval process involves multiple bank departments, and they may contact you directly for further details. Providing a clear and detailed description of your business can improve your chances of a successful account opening. We are committed to preparing you and your company for a smooth and efficient process.