What documents does a Russian national need to start a property management business in the UAE?

You will need a valid Russia passport (minimum 6 months validity), passport-sized photos, proof of address in Russia, attested documents via Russian Ministry of Foreign Affairs / Apostille, and a business plan for your property management venture.

How long does it take for a Russian citizen to set up a property management company in SHAMS?

The complete process — from initial application to trade licence issuance — typically takes 2–5 business days. Adding visa processing and bank account opening, the total timeline is approximately 12–22 business days.

How much does it cost to set up a Property Management business in Sharjah Media City?

The total setup cost for a Property Management business in SHAMS starts from approximately AED 6,150 for the trade licence. Additional costs include visa processing (AED 3,200 per visa), office space, and establishment card fees. IBA provides a detailed cost breakdown during your free consultation.

Can I open a corporate bank account with my SHAMS Property Management licence?

Yes, with a valid trade licence from SHAMS, you can open a corporate bank account at any UAE bank. Free zone companies can bank with most major UAE banks including Emirates NBD, ADCB, RAKBank, and Mashreq. IBA assists with introductions and documentation for smooth bank account opening.

What business activities can I include on my SHAMS licence?

Your SHAMS licence can include property management as the primary activity, along with related activities that fall under the same category. Most free zones allow multiple activities on a single licence, though some may charge a small fee for additional activities. IBA advises on the optimal activity selection for your business needs.

Is Sharjah Media City good for property management start-ups?

SHAMS is one of the most start-up-friendly jurisdictions in the UAE, offering budget-friendly from aed 6,150 and fast setup process. Flexible office solutions starting from AED 2,500 per year help keep initial overheads manageable.

What are the annual renewal costs for a Property Management business in Sharjah Media City?

The annual licence renewal for a Property Management SHAMS company costs approximately AED 6,150, which covers the trade licence fee. Additional annual costs may include office space rental, visa renewal, and establishment card fees. IBA provides renewal services to ensure uninterrupted business operations.

Property Management in Sharjah Media City for Russian nationals

Free ZoneReal EstateRegulated Activity

Property Management in SHAMS

Starting From

AED 6,150

Setup Time

2 Business Days

Visa Quota

3 Visas

Location

Sharjah

About Property Management

The UAE continues to attract Russian entrepreneurs seeking to tap into the Middle Eastern market, and SHAMS is one of the most popular jurisdictions for property management operations. Growing community (~40,000), which means you will find an established support network, community events, and nationality-specific resources to help your business thrive.

Operating from Sharjah Media City gives your Property Management business access to Sharjah's world-class infrastructure, including modern office facilities such as flexi desk, shared office, private office and excellent connectivity. As a regulated activity, you will need approval from RERA before commencing operations, but IBA's team handles this process seamlessly on your behalf.

IBA International has been helping entrepreneurs set up property management businesses in Sharjah Media City since 2004. Our team of incorporation specialists will guide you through every step, from initial consultation to licence issuance and bank account opening, ensuring a smooth and efficient setup experience.

Why SHAMS for Property Management?

Choosing SHAMS for your property management business comes with a host of strategic advantages that directly impact your bottom line and growth potential.

The jurisdiction offers budget-friendly from aed 6,150, which is particularly valuable for property management operations. Additionally, fast setup process ensures that your business remains competitive in the regional market. As a free zone entity, your business enjoys complete repatriation of profits and capital, with no currency restrictions on transactions. Office solutions start from AED 2,500 per year for a flexi desk, making it accessible for businesses of all sizes. The standard licence includes a visa quota of 3 residency visas, with options to increase this number as your team grows. 100% foreign ownership further enhances the appeal of SHAMS for property management professionals. Furthermore, no physical office requirement positions your property management business for long-term success in the region. With Sharjah continuing to invest in infrastructure and business-friendly regulation, SHAMS remains an excellent choice for both start-ups and established real estate enterprises looking to expand into the Middle East and North Africa region.

For Russian nationals specifically, the Sharjah government has fostered a business-friendly environment with streamlined processes that cater to the large Russian business community.

Budget-friendly from AED 6,150

Fast setup process

100% foreign ownership

No physical office requirement

Media and creative focus

Visa Requirements for Russian Nationals

For Russian entrepreneurs, the visa process works as follows: Russian nationals can obtain a UAE visa on arrival for 90 days. For business purposes, a proper residence visa is recommended. IBA handles the complete immigration procedure — from entry permit to residence visa stamping — so you can focus on launching your property management business in SHAMS.

Banking for Russian Business Owners

Opening a corporate bank account for your property management company in SHAMS: Russian entrepreneurs may face additional compliance requirements due to international regulations. IBA assists with proper documentation and bank selection. IBA has established relationships with major UAE banks and will personally introduce you to relationship managers who understand Russian business structures.

Document Attestation for Russian Nationals

Document attestation for Russian nationals involves: (1) Notarisation in Russia, (2) Attestation by Russian Ministry of Foreign Affairs / Apostille, (3) UAE Embassy attestation in Dubai. IBA provides a complete attestation checklist specific to property management businesses to ensure nothing is missed.

Requirements & Documents

1Valid Russia passport (minimum 6 months validity)

2Documents attested by Russian Ministry of Foreign Affairs / Apostille

3UAE Embassy attestation from Abu Dhabi

4Passport copies of all shareholders and directors (valid for at least 6 months)

5Professional qualification certificates or approvals from RERA

6Signed application form from SHAMS authority

7Relevant industry experience documentation

8Proof of residential address (utility bill or bank statement)

Regulatory Note: Property Management is a regulated activity in the UAE. Additional approval from RERA is required. IBA can guide you through the full regulatory process.

Cost Breakdown

Item	Cost (AED)
License Fee	6,150
Visa Package (per visa)	3,200
Flexi Desk	2,500
Shared Office	6,000
Private Office	15,000
Estimated Total (Year 1)	From AED 11,850

* Costs are indicative and subject to change. Contact IBA for a personalised quote.

Setup Timeline

Consultation

Free consultation with IBA to discuss your property management business plan and the best SHAMS licence options for Russian nationals.

Document Preparation

Prepare and attest all required documents from Russia through Russian Ministry of Foreign Affairs / Apostille and the UAE Embassy.

Licence Application

Submit the property management licence application to SHAMS. IBA handles all paperwork and government interactions.

Trade Licence Issued

Receive your official SHAMS trade licence within 2–5 business days.

Visa Processing

Process your UAE residence visa, Emirates ID, and medical fitness. Russian nationals can obtain a UAE visa on arrival for 90 days.

Bank Account

Open a corporate bank account. Russian entrepreneurs may face additional compliance requirements due to international regulations.

Start Operations

Your property management business is ready to operate in the UAE. IBA provides ongoing PRO, accounting, and compliance support.

Total estimated time: 2 business days. IBA handles the entire process end-to-end so you can focus on your business.

Frequently Asked Questions

Yes. SHAMS allows 100% foreign ownership for all nationalities, including Russian nationals. No local sponsor or partner is required.

Property Management in Other Jurisdictions

SHAMS

From AED 6,150

RAKEZ

From AED 7,500

DIFC

From AED 12,000

Abu Dhabi DED

From AED 10,000

JAFZA

From AED 16,000

Dubai DED

From AED 12,000

DMCC

From AED 15,300

IFZA

From AED 11,750