UAE Free Zones are exemplary spaces for businesses throughout the world. It invites startup enterprises and investors from around the world to leverage the growth opportunity.
Sharjah Media City, or SHAMS, is a dynamic free zone that has contributed to the development of nurturing a world-class business atmosphere flaunting specialized facilities for business sectors concerning media and creative businesses. The free zone is designed to promote an innovative workspace.
It accommodates various sectors like media, consulting, and retail services. The zone shares a border with 6 emirates, including the United Arab Emirates.
Why Is SHAMS the Best Place for Business Expansion and Growth?
SHAMS grants 100% business ownership along with 0%income and corporate taxes. Apart from these, it boasts numerous opportunities and advantages that make it stand out from the rest. Here are other reasons to resort to SHAMS for your next business endeavors.
• Reasonable licensing costs for new business owners
• Ease of business setup with company license issued within 3 days
• It ensures the lowest cost of setup with a tax-free jurisdiction
• Flexibility to directors to direct films in eye-catchy locations
• Provides access to launch free training and workshops for clients
• Provides free space to conduct exhibitions
• Freelance media permits only those working in the media industry
Given these reasons, SHAMS has become one of the most popular business destinations for new business setups and existing business expansion. Setting up a business in SHAMS Free Zone is seamless, with a business-friendly atmosphere and easy licensing.
If you are worried about missing out on the opportunity and harnessing a new target audience due to capital shortage, check the best business loans in Ireland and rationalize your dreams. Fund the priority business setup and licensing costs. It will help the business gain much-needed momentum and exposure.
Which are some of the most profitable SHAMS business sectors?
The concept of business incorporation and the government’s visionary leadership is leading to expansion in th industries that could leverage the opportunity. Petroleum is the primary source of revenue for the country UAE. And oil accounts for 85% of the total UAE economy.
Since then, the country has been investing in diversifying business opportunities worldwide by providing a business-friendly atmosphere. Thus, the pouring investments lead UAE to become the most powerful country and spot for business expansion and growth worldwide.
Here are some of the most growth and revenue-triggering sectors that could benefit from starting or setting up a business at SHAMS Free Zone:
1) Tourism and Travel
The tourism industry is set to contribute good revenue to the UAE economy over the years. The Expo drove 25 million visitors as Dubai hosts some of the best shopping complexes and retains its appeal.
It is a center of the tourism and travel industry as individuals often resort to shopping while in airports or nearby areas in the country.
Here the businesses could advance in growth by doing good research to set up shopping complexes and Mall constructions to appeal to business people and individuals. It is one of the successful industries in the SHAMS.
2) Real Estate
Real estate is another part of the country’s economy. It includes the construction of commercial and residential spaces and conducting home improvement. It is a form of real property that stays detached from REITS and other investment meant approaches popular in Ireland and the UK.
As per the news, the UAE’s real estate or construction industry will peak in 2023. The growth would be 111% quicker compared to other sectors in the upcoming 5 years.
If your business is related to the construction sector, you may soon prosper by setting up a business in SHAMS Free Zone. It attracts foreign investors and is a great tourist attraction.
3) Marketing and Advertising
Marketing is the thing of today and tomorrow. It will stay a little longer; hence, the UAE provides the marketing companies to leverage the opportunity for expansion and growth in SHAMS Free Zone.
Most businesses throughout the world invest millions in running ads.
It is why the industry is soaring high and is considered among the top ones to make it to the SHAMS. The country provides and supports new jobs in the sector and primarily the following ones:
• Art Director
• Production Coordinator
• Copywriter
• Graphic Designer
• Creative director
• Event planner
4) Legal and Accounting services
Every other industry depends hugely on laws and ethics. The accounting services include judicial authority, members of legal possessions, and supervisors of the possessions.
It also includes legal advice in disputes, verification, representation, seeking valid and supporting proof, etc. It also includes drafting legal documents like articles of association, notaries, patents, and copyrights.
If you run a law firm as an accountant that includes bookkeeping, account preparation, and auditing, you share the great scope of growth in the SHAMS Free Zone. The ease of setting company and your knowledge of the registration legalities make it a smooth way to excellence and growth in UAE.
5) Wholesale and Retail business
This business facilitates the seamless operations and trade in clothing, furniture, and entertainment-related products (musical instruments, recorded audio, and video tapes). It also promotes the growth of E-games. Online gaming is gaining worldwide popularity and will continue to prosper in the future. Individuals or businesses in similar industries can leverage the fun of tapping new audiences for their games and musical activities.
6) Health and hospitality
UAE is one of the leading countries in the health sector. Its world-class healthcare infrastructure, supported with advanced technologies and equipment, grants it the power to regulate innovation in the field of healthcare. This year, it is launching seminars and workshops to create awareness about rare diseases and their possible solutions.
Gaining exposure to leading-edge technology and advanced framework is no less than a dream come true for other countries and especially the healthcare sector. It allows healthcare providers to innovate and research without draining the bank. Instead, it grants access to leverage advanced tools and equipment to gain insight and improve the research and experimental research.
To avail of licensing and space, businesses must capitalise on the opportunity. If minor financial drops are delaying the thing, check the best loans in Ireland with no credit check to jump on the opportunity without further delay.
Bottom line
SHAMS Free Zone is the best place to experiment and test your idea for growth and excellence. The above-listed business industries can benefit and gear up their innovation with the vision to create a world of “tomorrow.”
