E-commerce is a profitable business across the United Arab Emirates and has the quickest-growing e-commerce market in the Middle East. Shams free zone company setup is very beneficial, as so many free zones in the country give affordable company formation to start an e-commerce business. With an e-commerce permit in the free zones, businesses aren’t permitted to deal directly with consumers on the mainland. Shams free zone is one of the very popular free zones among young businessmen.
How to Get an E-commerce Business License?
In case you want a business setup in Shams free zone, below we mentioned some vital moves that you need to implement for your business formation.
- Determine the legal framework of your business whether to start a Limited Liability Company, branch office, and more.
- Select a location for your company whether you want to start mainland or the free zone
- Register your business name.
- Application for a commercial business license
- Establish offshore facilities
Starting an E-commerce Business in Shams Free Zone
The SHAMS free zone official is the competent body that grants business licenses for e-commerce businesses. Once you get an e-commerce business license, the businessmen are given an online platform for the buying or sale of products.
- Selling of Products
In the free zones, corporations aren’t permitted to sell products directly to customers. Although, the corporations reach a contract with the suppliers whose products are already obtainable in the market. The free zone corporations can list such items for sale on their shopping side. The requirement for a local agent or distributor isn’t needed under the free zone e-commerce business license as the businesses are selling the supplier’s products.
- Warehouse Requirements
The e-commerce business license can stand acquired with the Flexi-desk amenity in the free zones and hence the need for office space or a warehouse isn’t compulsory. The suppliers with who the corporation has a contract will store the goods in case the corporation is dealing with customer products. As there’s no need for a warehouse, the functional amount for the e-commerce business license would be less.
- Product Registration & Customs Duty
E-commerce corporations aren’t liable for the products that are registered with the relevant domestic authorities like health authorities and Municipalities. It is as if the corporations would be dealing with the items that are registered already and the supplier works on the products’ registration. Similarly, the supplier already makes the payment of the customs duty and the e-commerce company does not require to make the payment of the 5% customs duty.
Why Company Setup in Shams?
In case the country’s free zones have attracted you but you are still thinking about your choices, below you can get several reasons for a Shams free zones company setup.
- Straightforward Formation
SHAMS’ highly simple two-step formation procedure creates it highly amazing choice for companies of all sizes. First, you should make a meeting with the SHAMS authorities to make your pre-license application – the free zone grants industrial, trading, holding, and service licenses.
- Open to a Wide Range of Business Activities
While its names could show a selective entrance guideline, Shams is open to a wide array of business activities – more than 200 actually, comprising HR, publishing, wholesale, bookkeeping, hospitality, and plumbing. The free zone isn’t dominated by media corporations at all, with several of its residents conducting business in trading activities. Shams is even home to a variety of events, retailers, e-commerce corporations, and management consulting firms.
- Adaptable Office Options
As Shams is a relatively new free zone, this recently just provides Flexi-desk packages – these permit businessmen to utilize the free zone’s amazing business amenities on an ad-hoc basis. It would not constantly be the situation, although. A free zone city is recently under construction and when it accomplishes it would facilitate an array of physical office spaces and studios, showrooms, and other creative units. The finished assignment would even comprise a residential boulevard, a community plaza, and a series of shops, restaurants, and hotels.
- Start with Multiple Shareholders
While you hold the choice of applying for a Flexi-desk package, you surely do not have to. This is the potential to form your business with many stakeholders – up to more than 50 – which can be a person, corporate units, or a blend of two.
- Easy to Sponsor Dependents
This is also very simple to sponsor your dependents for their visas. Whether you need a visa for a kid, spouse, driver, or maid, the procedure is four simple moves; entry permit, a medical fitness text, status adjustment, and visa stamping. Note that, although, that this procedure is generally slightly simple for men than women, as it is such a vital procedure, this is a better idea to take the assistance of a business consultant for a business setup in Shams free zone to make sure that prior to initiating an application, complete all the criteria.
- Easy Arrange Your Corporate Bank Account
After getting your business license and forming your business, you need to secure your bank account. The application procedure is fast and easy. The free zone team can suggest the finest bank that is suitable for your requirement – and can also help you arrange meetings.
