How to start an e-commerce business in Shams free zone
E-commerce is growing all over the globe as everything goes digital. Every aspect of people’s daily life is linked with digital devices and the internet and the convenience it provides made many businesses and sectors shift online and went digital. The United Arab Emirates is one of the largest markets of e-commerce in the world.
As the digital era continues to flourish with a massive amount of customers who use e-commerce in their everyday life, the profit potential is enormous. The majority of the population is technologically active and aware and wishes to purchase and do business online. Establishing an e-commerce company in Sharjah or anywhere else in the UAE will be very much beneficial for the business.
Starting a business in Shams free zone in Sharjah has many advantages for anyone wishing to establish an e-commerce company in the UAE’s capital. Sharjah Media City, also known as the Shams free zone, is one of the favourite choices among young entrepreneurs and digital companies alike.
If you are one among the above who is interested in establishing an e-commerce company in Sharjah, here is all you need to know about the Shams free zone and how to obtain an e-commerce licence there.
Benefits of establishing a business in the Shams free zone:
Shams free zone is a world-class centre that has started to encourage business and digital activities in the area. It helps companies and entrepreneurs looking to start their adventure in the United Arab Emirates by providing easy access and a dynamic environment for e-commerce, digital, and other futuristic activities to flourish.
Companies benefit from the Shams free zone in a variety of ways, including the following:
Foreign investors may acquire 100 per cent ownership of their businesses in free zones, unlike in UAE’s mainland.
Free zone expats can transfer 100 per cent of their earnings back to their home country, without any restrictions.
Corporations are subject to a 0 per cent tax rate.
There is no import or export duty of any kind.
Details you should know while acquiring a company license:
The Shams free zone offers four different kinds of licences, for different kinds of businesses and they are; service licences, industrial licences, trade licences, and holding licences. Service licences are the most common licence provided for many businesses.
The registration process can be done from the comfort of your own home. Personal presence is not mandatory to submit the necessary documents.
Visa packages are flexible and one can sponsor up to six visas for workers.
Entrepreneurs and e-commerce businesses benefit from access to co-working spaces as well as cost-effective company setup.
The presence of a large market that can accommodate a diverse variety of goods or services.
Things you need to start an e-commerce company in Sharjah:
To set up an e-commerce company in Sharjah, the first thing you need is a business licence specifically for e-commerce businesses. A few things that you should keep in mind to get started are given below.
1- Goods and services you offer for sale
In free zones, businesses are not permitted to sell their goods directly to consumers. Companies can enter into agreements with suppliers before putting them on their platforms. The establishment must have a clear understanding of what it will be offering to the customers.
2- Warehouse requirements
The e-commerce companies sell their goods directly to customers, without the intervention of a middleman. If you need storage, the business must get a required warehouse licence.
3- Customs and product registrations
Dealers and producers have to be registered with the local government. E-commerce companies need not be liable for the product registrations required by customs and import regulations. If you want to purchase the goods yourself, you must have the necessary supplier registrations in place and pay all relevant customs duties.
Procedures you need to be followed to acquire an e-commerce licence in Sharjah:
While applying, make sure you have all of the supporting documents, including the Memorandum of Association.
The trade name of your company should be unique and it complies with the requirement to register.
Choose a suitable layout for office, warehouse, and personnel requirements.
If you fulfil all the criteria mentioned above, you will be able to get an e-commerce licence in Sharjah. If you need any kind of assistance to set up an e-commerce company in the Shams free zone, contact Bizvise. Bizvise is a team of committed professionals who has first-hand experience in everything regarding business set-up in UAE.