With the current trend of the digital era, websites are finding more ways of trading online. Definitely, e-commerce businessmen should take advantage of the Shams Free Zone, which is the most attractive zone. Under the auspices of the United Arab Emirates, Shams Free Zone supplies a conducive atmosphere where e-commerce businesses can flourish. In this article, I will take you through the step by step registration procedure of an e-commerce business in Shams Free Zone district, and discuss the advantages it gives. Whether you are an aspiring entrepreneur or an established e-commerce retailer, Shams Free Zone has a lot of advantages.
How to Register an E-Commerce Business in Shams Free Zone
The procedure for registering an e-commerce business in Shams Free Zone is as follows:
To open an online-store in Shams Free Trade Zone would be simple as the business may be incorporated in a few easy steps. The first step is to make sure that you choose a name for a company and an activity of business that are suitable for your e-commerce corporation. Upon deciding on these aspects you will be able to go forward with the registration of the organization. Register your business with Sharjah Media City Free Zone.
The next step is to get documents ready that you need for registration. Such documents comprise of a business plan, shareholders’ passport copies as well as a no objection certificate from the current sponsor, in case they are required. Lastly, along with proof of address and a bank reference letter, you must also have a bank reference letter.
After getting documents ready, you then proceed to start the company registration process by submitting the application. The applicant could send in an application through the website of the Shams Free Zone using the online submission portal. Then wait until you receive an application review and approval notification. The next step, obtaining a license, setting up your business operations, will follow.
Read More: Company Formation in Sharjah
Benefits of Opening an E-Commerce Business in Shams Free Zone
Commencing an e-commerce business in Shams Free Zone is an opportunity that comes packaged with multiple advantages that enable it to be a prefered destination to online businesspersons. One of the key benefits is that there is no taxation both from the corporate side and from personal income tax. This implies that you get the full benefit of the profit of your e-commerce business without giving away some part of it to any government role.
Also, Shams Free Zone provides 100% foreign ownership allowing you to be absolute director of your business. This removes the unnecessary appearance of a local sponsor or partner thus granting you the power to make business decisions on your own. As a supplement, the Shams Free Zone offers to companies in e-commerce both the much-needed infrastructure and a free platform for networking and business development.
Ease in doing business is another vital advantage for the e-commerce business within Shams Free Zone. The digital environment provides a streamlined registration process, modern infrastructure, and a supportive business environment for business owners to easily conduct their operations. In addition, Shams Free zone is situated strategically as this facilitates entry to both regional and international markets. Such accessibility enables your business to expand its frontiers and grow its customer base.
Documents Required for Registering an E-Commerce Business in Shams Free Zone
In registering an e-commerce business in Shams Free Zone, you will need to provide certain documents to go through the procedures successfully. First, you need a business plan that outlines goals, target customer base and marketing strategies your e-commerce website will adopt. This document helps the authorities by informing them about the model of your business and the assurance of the compliance of this model with the legal regulations.
As well, you need the copies of your passports of all the shareholders who are the owners. This is to ascertain the identity of the people as well as their ability to administer the business in Sham Free Zone. Additionally, since you are currently sponsored by any body, you will need a permission letter from your sponsor, to allow establishing of business in Shams which is a free zone.
The address proof is another vital document usually required for registration. This can be presented through a utilities bill or a renting contract. Such as stating a line of where your residential or the business address is. Eventually, let us say your bank reference is required to show your financial fitness with a view to running an online business.
Obtain a License for E-Commerce Business in Shams Free Zone
After you successfully complete your e-commerce business registration at Shams free zone the next action is to acquire a license. The Free Zone offers two types of licenses for e-commerce businesses: a trading license; and e-commerce license Trading license is propitious for the trade of goods through import/export, whereas e-commerce license is purposely developed for online businesses.
For visa, the key documents are the company registration certificate, a copy of passport and the filled-out, properly completed application form. On top of this you will be expected to meet with the necessary licensing fees. The authorities would then review the license application and verify the documents. On issued the license, you will possess the legal operational right in Shams Free Zone.
Conclusion
In Sham Free Zone, e-commerce entrepreneurs are privileged to get a good place for growth. It stands out among the competition due to its central location, tax exemptions, as well as business-orienting environment, which create a lucrative investing opportunity. Complying with the registration process and legalizing all formalities which then make it easy and manageable for you to run your e-commerce business in Shams Free Zone. Hence, leveraging this opportunity is quite essential as your online business can open its arena in the buzz of this marketplace.
Consult with OnDemand International for more details.
