To register a company in the Shams Free Zone, you can expect initial costs to start at AED 5,750. If you choose specific packages, the Media Package begins at AED 7,350 and the Standard Package starts at AED 8,475. Additionally, there are costs for name reservation, amendments, and documents that add up. If you plan to hire, visa costs also factor in. Ongoing monthly charges for co-working space are around AED 573. Overall, budgeting for these expenses is important for smooth registration. There's more to explore about the process and costs involved, so keep looking for details.
Overview of SHAMS Free Zone Costs
When you consider starting a business in the SHAMS Free Zone, you'll find that the initial registration costs begin at around AED 5,750, but they can vary depending on your specific business needs. To help you manage expenses, a cost calculator can be beneficial. In addition to registration, you might face monthly costs of AED 573 for a business setup package that includes co-working space. Other potential expenses include AED 500 for name reservation and AED 2,100 for license amendments. If you need visas, expect to pay AED 3,360 each for employment or investor/partner visas, valid for two years. SHAMS also offers flexible options to combine various business activities under one license, enhancing cost-effectiveness. Additionally, the online registration process allows for quick incorporation from anywhere in the world, making it convenient for expatriates.
Business Licensing Packages
When looking to register a company in SHAMS Free Zone, you'll find two main business licensing packages: the Media Package and the Standard Package. The costs for these packages vary, especially if you need visas, with prices starting at AED 7,350 for the Media Package with Visas. Additionally, keep in mind that you'll incur a monthly setup fee of AED 573, separate from your initial registration expenses. Furthermore, registering in a free zone like SHAMS allows for 100% foreign ownership, which can significantly enhance your business prospects in the UAE.
Types of Licensing Packages
If you're considering starting a business in SHAMS Free Zone, you'll find a range of licensing packages tailored to different needs. The two main types of licensing packages include the Media Package and the Standard Package. Here's a quick comparison:
| Package Type | Starting Price (with Visas) |
|---|---|
| Media Package | AED 7,350 |
| Standard Package | AED 8,475 |
Monthly costs for business setup in SHAMS are approximately AED 573, including co-working space. Keep in mind that additional costs may apply based on specific business activities. You can use a free cost calculator to estimate your expenses based on your business type and package selection.
Costs With Visas
Understanding the costs associated with obtaining visas is an important aspect of the business licensing packages in SHAMS Free Zone. The Standard Package with Visas starts from AED 8,475, while the Media Package is available from AED 7,350. Visa costs for both Employment and Investor/Partner categories are AED 3,360, valid for two years. Keep in mind that these costs with visas are essential when planning your budget. You may also incur additional fees for services like name reservation and license amendment, so factor those into your total expenses. Additionally, remember the monthly costs for business setup, including co-working space, amount to AED 573, which should also be included in your financial planning.
Monthly Business Setup Fees
Maneuvering the monthly business setup fees in SHAMS Free Zone is vital for effective budgeting. The basic monthly cost for business setup is AED 573, which includes co-working space and essential services. If you're looking for additional support, the Media Package with Visas starts at AED 7,350, while the Standard Package with Visas begins at AED 8,475. Keep in mind that specific business activities may incur additional fees, which can impact your overall expenses. Also, the cost of a basic business license starts at approximately AED 5,750, depending on your business type. It's important to factor in ongoing monthly business setup fees and renewal costs when planning your budget to guarantee financial stability.
Visa Costs and Options
When you're setting up your company in the SHAMS Free Zone, understanding visa costs is essential. An Employment or Investor Visa will set you back AED 3,360 for two years, while cancellation and status change fees add to your budget. Don't forget to factor in additional medical costs, as they aren't included in the initial estimates. Additionally, the simplified visa application process enhances the ease of obtaining necessary documentation for your business operations.
Employment Visa Pricing
Securing an Employment Visa in the SHAMS Free Zone costs AED 3,360 for a two-year validity period. However, this amount doesn't cover additional expenses like the entry permit and medical test, which you'll need for the application. Employers must indicate the number of visas required during the business setup to comply with regulations. If an employee leaves or is terminated, a visa cancellation fee of AED 630 applies. Medical costs for visa processing are paid directly to the medical center and aren't included in the initial visa fee estimates.
| Visa Type | Cost (AED) |
|---|---|
| Employment Visa | 3,360 |
| Visa Cancellation | 630 |
| Medical Test | Varies |
| Entry Permit | Varies |
Investor Visa Options
For those looking to invest in the SHAMS Free Zone, obtaining an Investor/Partner Visa is a key step. The costs and options for this visa can be straightforward:
- Visa Fee: AED 3,360 for a two-year term
- Entry Permit Application and Medical Tests: Additional costs apply
- Change of Status Fee: AED 1,102.50 if already in the UAE
- Emirates ID Re-Issuance Fee: AED 550 during application
These investor visa options provide a pathway for you to establish your business in the free zone. Keep in mind that visa cancellation incurs a fee of AED 630, which is essential for managing business operations. Understanding these costs will help you budget effectively for your investment in SHAMS.
Visa Cancellation Fees
Understanding the visa cancellation process is essential, especially since it incurs a fee of AED 630 per visa in the SHAMS Free Zone. This fee applies when you terminate either an employment visa or an investor/partner visa. It's important to complete the cancellation process to avoid overstay fines, which can add to your expenses. You'll need to pay the visa cancellation fees at the time of processing the cancellation. Keep in mind that additional costs may arise if you require medical tests or other documents for the cancellation process. Being aware of these potential charges can help you budget effectively and guarantee a smoother shift during your business changes in the SHAMS Free Zone.
Immigration Fees Breakdown
When you're planning to register a company in SHAMS Free Zone, it's essential to be aware of the various immigration fees involved. Here's a breakdown of the key costs you'll encounter:
- Immigration Pre Approval Fee: AED 630
- Immigration Card (valid for three years): AED 1,575
- E-Channel Registration Fee: AED 2,735
- Annual E-Channel Renewal Fee: AED 1,355
It's important to factor these immigration fees into your budget. If you ever need to file for an absconding employee, be prepared for an additional fee of AED 7,717.50. Knowing these costs upfront can help you plan effectively and avoid any surprises during the registration process. Additionally, engaging with experienced business setup services can further streamline the registration and immigration process, ensuring compliance with local laws.
Additional Services and Fees
In addition to immigration fees, you'll encounter various costs associated with additional services when registering your company in SHAMS Free Zone. For instance, the name reservation fee is AED 500. If you need to make amendments to your business license, expect to pay AED 2,100. Should you require duplicate company documents, that service costs another AED 500. Additionally, if your business needs VAT registration, be prepared for an expense of AED 1,890. It's also worth noting that there's a refund of AED 2,000 for the license administrative fee under certain conditions. If you're considering a Media License, remember that it may involve further fees, so budget accordingly for these additional services and fees.
Co-Working Space Expenses
When setting up your business in SHAMS Free Zone, you'll find various co-working space options available. The cost structure is straightforward, with monthly fees included in the overall business setup package starting at AED 573. You also need to sign lease agreements to guarantee you comply with the regulations for operating in the free zone.
Space Options Available
Co-working spaces in SHAMS offer a dynamic solution for startups and small businesses looking to establish their foothold in the UAE market. These spaces provide a flexible working environment designed to enhance productivity and creativity. By utilizing a co-working space, you can minimize upfront costs while benefiting from a collaborative atmosphere.
Key features include:
- Monthly cost of AED 573 included in the business setup packages
- Lease agreement required for access
- Opportunities for networking with other businesses
- Spaces catering to various activities and needs
With these options, you'll find it easier to navigate the initial stages of your business journey in the UAE, allowing you to focus on growth and innovation.
Cost Structure Breakdown
Exploring the cost structure for co-working spaces in the SHAMS Free Zone reveals several key expenses that can impact your business setup. The monthly cost for a co-working space is AED 573, included in the overall business setup package. This setup facilitates networking and collaboration among businesses, providing a flexible environment for startups. A lease agreement is required for usage, and the costs are factored into your total business setup expenses. By utilizing a co-working space, you can reduce overhead costs while benefiting from shared resources.
| Expense Type | Monthly Cost (AED) | Notes |
|---|---|---|
| Co-Working Space | 573 | Included in business setup package |
| Lease Agreement | Varies | Required for co-working access |
| Networking Benefits | N/A | Enhances collaboration and support |
Cost Calculator Overview
The Cost Calculator serves as a valuable resource for anyone looking to estimate the expenses involved in setting up a business in the SHAMS Free Zone. This free cost calculator allows you to input key details and receive tailored cost estimates, helping you plan your budget effectively. Here's what you can expect:
- Estimates for licenses and permits
- Costs for co-working spaces
- Visa expenses for employees
- Customized results based on your business type
While the estimates provide a helpful starting point, remember that actual costs may vary. It's always best to confirm details with advisors to guarantee accuracy. Using this tool can give you a clear understanding of the financial implications of establishing your business in the SHAMS Free Zone.
Understanding Business License Requirements
Understanding the business license requirements in the SHAMS Free Zone is essential for anyone looking to establish a company there. You'll need to obtain a business license, which costs around AED 5,750, depending on your business type. This license is mandatory for both local and foreign investors to operate legally.
Here's a quick overview of the key requirements:
| Requirement | Description | Notes |
|---|---|---|
| Proposed Company Names | Submit a minimum of three names for approval | Must reflect your business |
| Intended Business Activity | Confirm your specific business activity | Necessary for license |
| License Duration | Options available; costs included in setup | Choose what fits your needs |
Once registered, you'll receive a Certificate of Incorporation and a Trade License.
Registration Process and Documentation
To successfully register your company in the SHAMS Free Zone, you'll need to gather a few essential documents. The registration process is straightforward and requires minimal paperwork. Here's what you need:
- A valid passport with at least six months left before expiration.
- Personal details for the registration form.
- Three proposed company names and confirmation of your chosen business activity.
- Payment of all fees upfront to initiate the process.
You can complete the registration remotely. Once your application is approved, you'll receive a Certificate of Incorporation, a Trade License, a lease agreement, and a Memorandum of Association/Articles of Association. Keep in mind that the overall cost for registering a company in SHAMS is approximately AED 5,750, which may vary based on your business type.
Visa and Banking Procedures
After completing your company's registration in the SHAMS Free Zone, you'll want to focus on the visa and banking procedures to fully establish your business. For visa processing, you'll need to submit an entry permit application, complete a medical test, and provide necessary residency documents. The Emirates ID is issued 5-7 working days after visa approval.
When it comes to banking, opening a corporate bank account requires a personal visit to any UAE bank. SHAMS Free Zone offers visa packages that allow for zero to six visas, based on your business needs.
| Procedure | Details | Timeframe |
|---|---|---|
| Visa Application | Entry permit, medical test | Varies |
| Emirates ID | Issued after visa approval | 5-7 working days |
| Bank Account Opening | Personal visit required | Same day |
| Medical Costs | Paid directly to medical center | At the time of testing |
| Visa Packages | 0-6 visas based on business needs | Upon registration |
Company Management Amendments
When you need to make changes to your company management, such as altering the shareholding structure or license activities, you can do so with relative ease. Here are some key points to take into account:
- Amendments generally cost AED 2,000.
- Most changes don't require your physical presence.
- License amendments are free during the renewal process.
- Liquidation takes about three weeks and also costs AED 2,000.
You can typically handle these amendments through a corporate agent. This means you won't have to deal with the direct administrative tasks yourself. If you're running a company in SHAMS, this streamlined process makes it easier to adapt to your business needs and keeps your operations running smoothly.
Benefits of SHAMS Free Zone
In addition to its strategic location, SHAMS Free Zone offers numerous benefits that make it an ideal choice for entrepreneurs. You can enjoy 100% foreign ownership, allowing you to keep full control of your business without a local partner. The cost-effective business setup starts at around AED 5,750 for a free zone license, making it attractive for startups. You can engage in over 200 business activities, providing flexibility under one license. Plus, the community fosters collaboration among creative entrepreneurs, enhancing innovation and networking.
| Benefit | Description |
|---|---|
| Full Ownership | 100% foreign ownership without a partner |
| Cost-effective Setup | License starts at AED 5,750 |
| Diverse Activities | Over 200 business activities available |
Types of Business Structures
Understanding the various types of business structures available in SHAMS Free Zone is essential for entrepreneurs looking to establish a strong foundation for their ventures. You can choose from several options to suit your business activities and goals:
- Limited Liability Company (LLC): Ideal for individuals or multiple shareholders, offering flexibility in ownership.
- Branch Company: Perfect for existing businesses wanting to expand while maintaining their original name.
- Free Zone Setup: Allows you to operate within the free zone, enjoying specific benefits.
- Mainland and Offshore Options: These structures cater to diverse operational needs.
With SHAMS supporting over 200 business activities, you can combine multiple activities under one license, enhancing flexibility and reducing costs.
Company License Renewal Costs
Renewing your company license in SHAMS Free Zone is a straightforward process that won't break the bank. The company license renewal costs are generally affordable, with fees varying based on your business type. Importantly, you won't need an annual audit report, which keeps expenses down. You can complete the renewal without being physically present in the UAE, allowing you to use an agent for added convenience. If you need to make any amendments to your license during the renewal, these are typically free of charge, providing additional savings. The renewal process is efficient and usually requires minimal documentation, ensuring that your business experiences little disruption while staying compliant with the necessary regulations.
Company Liquidation Process
When it's time to close your business in SHAMS Free Zone, the company liquidation process can be completed in about a month. To guarantee a smooth closure, here are the key steps involved:
- Visa cancellation for all employees
- Lease termination for your office space
- Closing the corporate bank account
- Engaging corporate agents for assistance
The cost for the company liquidation process is around AED 2,000, covering necessary administrative fees. One advantage is that your personal presence in the UAE isn't required, giving you flexibility while managing the closure. With the right support, you can navigate these procedures efficiently and finalize your business's end.
Planning Your Budget for Registration
When planning your budget for registering a company in the SHAMS Free Zone, you'll need to take into account several key factors. First, explore the different license package options that suit your business activities. Don't forget to account for visa costs and any additional setup expenses to guarantee your financial plan is thorough.
License Package Options
Choosing the right license package is vital for your company's registration in SHAMS Free Zone, as costs can start at AED 5,750 and vary based on your business type. The available license package options include:
- Standard Package: Starting from AED 8,475.
- Media Package: Starting from AED 7,350.
- Co-working Space: Monthly costs of AED 573.
- Additional Fees: Such as VAT Registration at AED 1,890 and License Amendment at AED 2,100 for post-registration changes.
It's important to take these costs into account when planning your budget. Using a cost calculator can help you estimate your overall business setup expenses, including these license package options and additional facilities. Proper planning guarantees you're prepared for your new venture.
Visa Costs Breakdown
Understanding visa costs is essential for budgeting your company registration in SHAMS Free Zone. Here's a breakdown of the key expenses you'll face:
| Visa Type | Cost (AED) | Duration |
|---|---|---|
| Employment/Investor Visa | 3,360 | 2 years |
| Immigration Pre Approval | 630 | Required for all applications |
| Immigration Card | 1,575 | Valid for 3 years |
| Visa Cancellation | 630 | When closing the visa |
| Change of Status | 1,102.50 | If you need to update status |
| Emirates ID Re-Issuance | 550 | Additional expense |
This visa costs breakdown will help you plan effectively and avoid surprises as you move forward with your registration.
Additional Setup Expenses
To effectively plan your budget for registering a company in SHAMS Free Zone, you'll need to take into account various additional setup expenses beyond the initial registration fee. Here are some costs you should include:
- Visa costs: AED 3,360 for an Employment or Investor/Partner Visa (valid for two years).
- Name Reservation fee: AED 500 to secure your company name.
- Immigration fees: AED 630 for Immigration Pre Approval and AED 2,735 for E-Channel Registration Fee.
- Monthly SHAMS business setup fee: AED 573 as part of ongoing operational expenses.
These additional setup expenses can greatly affect your overall budget, so be sure to plan accordingly when considering your company's License and operational needs.
Frequently Asked Questions
How Much Does Shams Business Setup Cost?
When considering Shams business setup costs, you'll encounter various business expenses. These can include registration fees, visa packages, and additional services, which can greatly affect your total investment and ongoing operational costs.
How Much Does It Cost to Register a Company in Freezone?
When you're looking into business registration in a free zone, costs can vary based on your chosen activities. You'll need to budget for registration fees, name reservation, and potential additional charges for specific licenses.
Which Is the Cheapest Freezone Licence in UAE?
When you're looking for the cheapest freezone license in the UAE, consider a freezone comparison. Startups often find affordable options, with some licenses beginning around AED 5,750, making it easier to launch your business.
How Much Does It Cost to Set up a Business in IFZA?
Setting up a business in IFZA starts around AED 11,900, offering attractive business incentives. You'll enjoy a quick registration process, flexible activities, and various packages to suit your specific needs and goals.
Conclusion
In conclusion, registering a company in SHAMS Free Zone involves various costs, including business licenses, visa fees, and additional services. Understanding these expenses helps you plan effectively. Consider the type of business structure you want and any ongoing costs like license renewals. By outlining your budget and being aware of all potential fees, you can make informed decisions for your business setup in SHAMS. This approach will help guarantee a smooth registration process.
