Setting up a business in the Sharjah Media City (SHAMS) is an exciting prospect for entrepreneurs in the media and creative industries. Shams business setup provides a supportive ecosystem and various benefits to help businesses thrive. However, to make the most of this opportunity, it’s essential to tailor your business setup solutions to suit your venture’s unique needs. Here are some tips to consider when customizing your SHAMS business setup.
Define your business goals:
Before diving into the business setup process, clearly define your business goals and objectives. What do you aim to achieve with your venture? Are you targeting local markets, international expansion, or a specific niche? Understanding your business goals will help you make informed decisions throughout the setup process and ensure that your solutions align with your long-term vision.
Identify your business activities:
SHAMS offer various business activities catering to the media and creative industries. Identify the specific activities that your business will engage in. This could include film production, broadcasting, publishing, advertising, or other creative services. By precisely defining your activities, you can select the most suitable license category and ensure compliance with regulatory requirements.
Consider your company structure:
Choose a company structure that best suits your business needs. SHAMS provide options for establishing free zone companies, branch offices, and freelancer permits. Assess the pros and cons of each structure and select the one that aligns with your business objectives, expansion plans, and future partnerships.
Understand licensing requirements:
Familiarize yourself with the licensing requirements and regulations for your chosen business activities. SHAMS offer various license categories, such as service, trading, and industrial licenses. Determine the specific licenses you need, ensuring they cover all your planned activities. Consulting with business setup experts can help you navigate the licensing process smoothly and avoid potential compliance issues.
Explore value-added services:
SHAMS offer various value-added services that can enhance your business setup experience. These services include office spaces, co-working facilities, conference rooms, and networking opportunities. Assess your specific needs and budget to determine which services will benefit your venture the most. Consider factors such as the size of your team, the requirement for meeting spaces, and the potential for collaboration with other SHAMS members.