A Comprehensive Guide to Success

Free zones have been attracting many companies to the UAE, which has registered itself as an international business center for a long time. The Shams Free Zone is one of them and is dynamic and strategic at the same time for entrepreneurs and businesses wanting to be established there.

The article elaborates on the step-by-step approach to the successful establishment of a business in the Shams Free Zone, along with its benefits and stages in which the role of PRO services is crucial for the facilitation of a smooth and efficient process.

Understanding Shams Free Zone

Having opened its gates in 2017, Shams Free Zone has developed a concept over time to house an array of business activities, thus becoming attractive for several business industries.

The free zone boasts such amenities as competitive pricing, flexible business setup options, and a supportive regulatory environment which prove quite attractive to entrepreneurs and SMEs. Whether it be for a new entrepreneur or an expanding company, Shams Free Zone provides an ideal platform that furthers growth and innovation.

Benefits of Setting Up in Shams Free Zone

Cost-Effective Solution

Shams Free Zone provides a few of the most cost-effective business setup packages in the UAE, which is perfect for beginners in this business who need to be very careful with their budgets.

100% Foreign Ownership

Like all other free zones in the United Arab Emirates, Shams Free Zone also allows 100% foreign ownership of your businesses, which is a big advantage to international investors.

Diverse Portfolio of Activities

From media and creative industries in its initial stages to more than 120 business activities at present, including trading, consultancy, and e-commerce, among others.

Ease of Business Setup

Shams Free Zone is well-known for providing smooth, hassle-free business setup processes. The application procedure is handled with ease, and the required documentation and approvals can be expedited with the use of PRO services.

Visa Services

Investor, employee, and dependant visa packages make the process easier for bringing the right talent within the folds of businesses in the Shams Free Zone. It also ensures access to a pool of skilled professionals, hence allowing firms to look out for the right people to drive success.

More prospects for networking

The businesses being a part of Shams Free Zone can connect with other entities existing within the zone for more collaborative and growing business opportunities. The free zone hosts various events, workshops, and seminars at periodical intervals, which is again a great avenue for learning and networking.

Steps to Set Up a Business in Shams Free Zone

In general, the formation of a business in Shams Free Zone is a step-by-step procedure that is constructed to be as easy and as smooth as possible. Herein, the step-by-step guide will help you through the process:

• Choose Your Business Activity: Choose the type of business you are ready to conduct. Shams Free Zone has various businesses to offer; you may select any one that best suits your objectives and expertise.
• Choose Your Company Structure: Shams Free Zone allows different structures for the company: in the case of a single shareholder, it will be considered as a Free Zone Establishment, and a Free Zone Company when there is more than one shareholder. Kindly select accordingly as per your business requirements.
• Get a License: According to the type of activity you are willing to perform, apply for the license. For Shams Free Zone, you can get a service license, trading license, industrial license, and freelance permit.
• Company Setup: On license issuance, you will have to register the company with the Shams Free Zone Authority, submitting all relevant documents like a business plan and passport copies of the shareholders, and address proof.
• Lease Office Space: The varying degrees of service the Shams Free Zone provides are designed for individuals, teams, and companies’ demands. It allows you to select one that meets your demands best in terms of your finances and office needs. When considering your enterprise establishment in free zone leasing(shared) Workspace should come first.
• Apply for Visas: Once the registration is complete, the business can apply for visas on its behalf and that of its employees and dependents. Shams Free Zone offers a visa package tailored to fit different enterprise needs. The PRO services will help in facilitating the application process to ensure that all requirements are met.
• Opening a Bank Account: Since your business is already set up, the last thing you will want to do is open a corporate account for banking purposes in the United Arab Emirates. This would be used for financial handling and to conduct business transactions. Shams Free Zone can recommend certain banks to you and facilitate the account opening process.

The Role of PRO Services in Shams Free Zone

PRO services form the backbone of the business setup process inside Shams Free Zone. Here’s how PRO services can drive your business: 

• Documentation Processing: Professional PRO services ensure that all relevant documents are prepared and submitted to the concerned government authorities, right from license applications to processing visas and company registration.
• Compliance and Legal Support: The UAE maintains a very unpredictable legal and regulatory environment, which foreigners might find hard to operate in. With PRO services, you will have professionals guiding you through complete compliance with local laws and regulations to avoid any potential legal issues that may arise.
• Time and Cost Efficiency: Outsourcing these administrative tasks to the PRO services will save you precious time, which helps in growing your business while saving resources and precious time, especially for startups and SMEs.
• Liaising with Government Authorities: The PRO service in UAE acts as a liaison between your business and the different government authorities. They ensure that all communications go well, and there are no hiccups or delays regarding any issue.
• Visa and Immigration Service: Sometimes, obtaining a visa and work permits for employees can get quite complicated. The PRO services manage the whole process of a visa application, right from its submission to its approval, while your workforce is legally compliant and ready to work.

Ongoing Support: Once your business is setup, PRO service keeps on providing the facilitation about renewal, updating, and all other routine administrative works. This continuation support is very vital, helping your business function smoothly.