FAQ (Frequently Asked Questions) Shams Free Zone – Sharjah

How much the cost of Shams Free Zone license?

Shams Free Zone license fees starts from 8,060 AED included registration address with 3 business activity:

The time frame of the company registration is between 3 to 5 business days and the process could be done remotely so the presence of the shareholders and directors is not required.

How do I start an Shams Free Zone company registration?

Here are the essential procedures for establishing a business with Shams Free Zone

1. Identify the appropriate legal structure for your business.
2. Select a distinctive trade name.
3. Submit an application online for a business license.
4. Choose a suitable package and facility
5. Obtain pre-approvals, complete the business registration process, and obtain your license.
6. Apply for residence visa with Shams Free Zone
7. Open a Business account and start your activity.

Documents required to Setup Shams Free Zone company ?

1. Passport copy of shareholder & Manager.
2. High resolution Passport size photo of shareholder & Manager.
3. Visa & Emirates ID copy of shareholder & Manager ( If applicable).
4. Name of the Manager.
5. Residence address of shareholder & Manager.
6. Father’s & Mother’s Name.
7. Proposed names of the company by order (3 names required).
8. Business activities.
9. Utility bill of shareholder & Manager ( less than 3 months old).
10. Email address and mobile number of shareholder & Manager.

NOC is required to setup my company in Shams Free Zone ?

No, Non Objection Certificate ( NOC) is not required to setup your company with Shams Free Zone.

Is Local Partner required to Setup my company in Shams

No, you will have 100% ownership of your company. Local partner is not required to setup your company.

Can I invoice clients anywhere in the UAE?

Yes, Free Zone company registered in Shams can operate in the UAE and outside of UAE.

How to Register a Company in Shams Free Zone ?

1. Select the suitable Free Zone for your Business: Contact our Business Consultant for guidance
2. Choose Business name of your company.
3. Submit your Online application for the company registration.
4. Get the Initial approval for your business.
5. Pay the fees for your company registration and facility.
6. Apply for residence visa with the relevant selected Free Zone.

How much is the residence visa fee ?

1. Establishment Card fee: 1st year AED 1,585
2. E-channel registration: AED 2,735
3. Shams Residence Visa fee: AED 3,360  per applicant
4. Medical checkup: VIP process AED 850 | Normal Process AED 450
5. Emirates ID application fee: AED 390

Shams Free Zone if offering promotional packages every month. Please contact us to get more details info@FreeZoneMarket.ae

Shams is designated Free Zone?

Free Zones like Shams, SPC, and IFZA are not considered as Designated Free Zone.

Steps to open a Business bank account in Dubai ?

Here’s a guide to help you open your corporate bank account:

1. Business License: The first mandatory step is obtaining a valid business license to register your company in Dubai.
2. Prepare the Required Documents: Collect essential documents, including contracts and invoices, as proof of your business.
3. Select a Bank: There are numerous banks which cater to the needs of UAE businesses. Examples include (but are certainly not limited to) Banque MISR, Emirates NBD, Mashreq Bank, and First Abu Dhabi Bank.
4. Obtain Approvals: Seek approvals for your application form and submitted documents from the chosen bank. Approval is necessary to proceed with the account opening process.
5. Submit Application: Submit the form along with the necessary documents to initiate the account setup process.
6. Deposit Initial Funds: Deposit the initial funds into your account.

Benefits of starting a business in Shams Free Zone:

1. A tax-free environment
2. 100% foreign ownership
3. No restrictions on repatriation of profits
4. A one-stop shop for all government services
5. Easy and remote process for company registration

Professional Advice on Starting a Business in Dubai:

Shams Free Zone offers a perfect balance between work, life, and business. If you want to set up your business quickly, easily, Shams Free Zone is a the best choice. If your type of business isn’t supported by Shams, you might also think about IFZA Free Zone or SPC Free Zone  as another option.