Sharjah Media City or Shams is one of the free zones in the UAE. It came into existence in 2017 and since then it has been providing opportunities to entrepreneurs and investors to setup a business and grow.
After Covid-19, the eCommerce business has become very popular in the UAE. According to a survey, many people want to establish their eCommerce business in the UAE with Shams being a major attraction.
Expert Advice for eCommerce business in Shams Free Zone
The Shams free zone has grown significantly in the past few years. If you have an eCommerce permit from the free zone, you can’t have direct dealings with customers from the Mainland. With Sharjah Media City Free Zone being a hotspot, various young people are starting their eCommerce businesses in Sharjah.
One of the major benefits of starting an eCommerce business in this region is that everyone can start young. Even a 19-year-old can apply for Shams free zone license. This is one of the benefits that not every free zone offers. The employees of the company can be as young as 18 years. Thus, this is also one condition that is not seen in many free zones.
Starting an eCommerce business here can also bring in investors. This is mostly because there is a huge scope of investment across the digital front. Therefore, the young people and higher demand are contributing to it being one of the fastest-growing markets in the Middle East.
Why set up an eCommerce business in the Sharjah Media City Free Zone?
The Shams free zone has various opportunities for young entrepreneurs. It provides a world-class hub for entrepreneurs to connect easily and do business. Therefore, with the free zone being accessible and having an efficient ecosystem, there are various futuristic opportunities for growth as well.
Starting an eCommerce business in the Sharjah Media City Free Zone can prove to be efficient. Some of the most prominent benefits to look forward to are as follows:
1. Get full ownership of your business
Starting an eCommerce business in the free zone ensures that you get complete ownership of your business.
2. Profit repatriation
As the free zone expat, you also get the opportunity to repatriate your entire profit. You can have the benefit of transferring the entire profit capital without having to worry about taxes.
3. No taxes
One major reason why you should set up an eCommerce business in the Shams free zones is that there are no taxes.
4. Wide range of opportunities
There are various opportunities for setting up business in the free zone. One great advantage is that you get to connect and network with more people. Therefore, as your network expands, you get the opportunity for business growth.
5. Get a license easily
If you want a Shams free zone license, you can easily get it here. With a fast and easy business setup, it is pretty easy to get the license for your convenience.
6. Flexible visa packages
Setting up your business in the Shams free zone can bring various visa packages. While you can have six visas for the employees, in the Shams free zone, you can also sponsor your dependents or family members.
7. Easy arrangement of corporate bank account
Once you plan to establish your business here, you can set up a corporate bank account. The process for applying for opening a bank is fairly simple. Moreover, the Shams free zone has some of the best banks to suit the needs of customers. You can also opt for in-branch meetings. Therefore, you can either opt for a local bank or any international one.
How to Get Shams Free Zone License Without Hassle?
When you decide to start an eCommerce business in Sharjah Media City Free zone, you need to apply for the license as well.
Given below are the steps you need to follow to set up your Shams free zone business:
- Choose a legal structure for your business. The common types of legal business structures applicable for applying for a license in the UAE include Branch office, Limited Liability Company, and more.
- Decide where you want to set up the business. In this case, you will need to apply for a business license for SHAMS.
- Choose a trading name for your business and register it. It is advisable that you don’t choose a trading name that is offensive. Make sure to read the guidelines for naming your business.
- Apply for a commercial license.
- Set up a business bank account.
- Get an office premise on lease.
Start an eCommerce business in the SHAMS free zone
The SHAMS free zone authority is pretty competent. Therefore, it is advisable that before you start any business here, you consult the authorities. The authority is only responsible for providing licenses to the eCommerce companies.
Once you get the eCommerce license for your business, you will be eligible for buying and selling the products. Nonetheless, the eCommerce business setup in the SHAMS free zone requires you to make some considerations. These include:
Product registration and customs duty
As an eCommerce company, you will be dealing with the registered products. The supplier is responsible for ensuring the products are registered. Since the supplier is already paying the customs duty, you will not need to pay 5% customs duty as the eCommerce business.
Various free zones in the UAE offer flexi desk facilities. Therefore, before setting up the business, make sure that you get the flexi desk requirement. This will ensure that you don’t need to apply for office space or a warehouse.
If you have an agreement with the supplier, the company will deal with consumer products. There will be no warehouse requirement for an eCommerce business. Thus, the operational cost will be very less.
As per the free zone rules, eCommerce business owners can’t sell the products directly to customers. Nonetheless, the companies can sign a contract with suppliers and create a sale list. Since you will be selling the products with suppliers, you do not need any local distributor.
Choose BusinessLinkUAE for an easy business
Set up your eCommerce business in Shams Free zone with BusinessLink UAE today. When you want to establish your business here, you need to ensure that you have the right documents. This will prevent your document from being rejected. If you are confused, you can seek guidance from BusinessLink UAE. Contact us today to receive answers to your queries.