Sharjah Media City (Shams) Free Zone is among the most popular free zones in the United Arab Emirates (UAE). It is known for its business-friendly environment, world-class infrastructure, and strategic location. A Shams Free Zone license is crucial for entrepreneurs who want to set up a business in the free zone. This article will provide an all-inclusive guide to the Shams Free Zone license, including its types and benefits.
Types of Shams Free Zone license:
Three types of Shams Free Zone licenses are available for entrepreneurs and businesses in the free zone: commercial, service, and industrial. The commercial license is ideal for businesses engaged in trading, buying, and selling goods, while the service license is suitable for businesses engaged in offering services. The industrial license is ideal for businesses engaged in manufacturing or industrial activities.
Benefits of Shams Free Zone license:
• One of the most significant advantages of the Shams Free Zone license is that it offers 100% tax exemption on corporate and personal income tax for up to 50 years. This can be a significant benefit for businesses looking to save on taxes and maximize their profits.
• Shams Free Zone license offers a streamlined company setup process that can be completed within a few days. This can save entrepreneurs valuable time and resources and allow them to focus on business operations.
• Shams Free Zone provides world-class business infrastructure and state-of-the-art facilities, including office space, warehouses, and storage units, to support the growth and success of businesses in the free zone.
• Shams Free Zone license offers a flexible business setup option that allows entrepreneurs to choose their company structure, including the type of legal entity, shareholding structure, and ownership.
• Shams Free Zone offers a free trade environment, allowing businesses to import and export goods without customs duty or other taxes.
• Shams Free Zone is strategically located near major seaports and airports, making it an ideal location for businesses engaged in import and export activities.
A Shams Free Zone license is crucial for entrepreneurs who want to set up a business in the Sharjah Media City Free Zone. The free zone offers three types of licenses, commercial, service, and industrial. It provides various benefits, including tax benefits, streamlined company setup, world-class business infrastructure, flexibility, free trade, and a strategic location. By obtaining a Shams Free Zone license, entrepreneurs can take advantage of the opportunities offered by the free zone and grow their businesses successfully.