Business Setup

SHARJAH MEDIA CITY (SHAMS) FREE ZONE

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SHAMS (Sharjah Media City Free Zone) is a free zone located in the Emirate of Sharjah, UAE. It was established in 2017 and is designed to cater to the needs of entrepreneurs, startups, and established businesses across various industries.

Shams free zone provides a platform for businesses to establish their presence in the UAE and expand their operations. It offers various business licenses, including commercial, service, and e-commerce licenses, which enable businesses to operate in a range of industries such as media, advertising, technology, and consultancy.

Sharjah represents a safe and progressive environment for company formation in UAE, offering foreign investors benefits, such as zero corporate, import and export taxes, in addition to other advantages. The UAE is well-recognized the world over as a trading hub, boasting a large non-oil sector that contributes to nearly 70% of the GDP – 45% of which is contributed by Sharjah’s trading activities. Join the thousands of entrepreneurs who have successfully completed the business formation process and are now part of this thriving community.

Setting up a company in Shams is a straightforward process, with the free zone providing support and guidance throughout the process. Once a company is set up, businesses can avail of a range of business services offered by Shams, such as visa processing, bank account opening, and legal support. Shams free zone is strategically located in the Emirate of Sharjah, providing easy access to other Emirates and global markets. It is an ideal location for businesses looking to establish their presence in the UAE and leverage the benefits offered by a free zone environment.

License offered in Sharjah Media City (SHAMS)

Sharjah Media City (Shams) free zone offers a wide range of business licenses, including:

  • Trading License
  • Service License
  • Industrial License
  • Holding License
  • Freelance
  • E-commerce License
  • Media License
  • Education License
  • Innovation License
  • Event Management License

 

SHAMS Free Zone Business Startup Process

The process of setting up a business in Shams free zone typically involves the following steps:

  • Determine the business activity.
  • Choose a business structure.
  • Choose a business license.
  • Submit application and documents.
  • Obtain initial approval and payment of fees.
  • Sign lease agreement
  • Obtain final approval and business license.
  • Obtain visas and other permits.

Shams free zone provides support and guidance throughout the process, making it easier for businesses to set up and operate in the free zone.

Documents Required For Business Setup In SHAMS

The required documents for business setup in Shams free zone may vary depending on the type of business activity and business structure. However, in general, the following documents are typically required:

  • Application form
  • Passport copies of shareholders
  • Passport Size photos
  • Business plan
  • Proof of address

It is recommended to consult with a business setup consultant or Shams free zone to ensure that all necessary documents are provided and the process is completed smoothly.

Advantages Of Business Setup In Sharjah Media City

There are several advantages of setting up a company in Shams free zone, including:

  • 100% foreign ownership
  • Wide range of business activities available on the same license
  • Tax benefits (Subject to T&C)
  • Easy company setup process
  • Strategic location
  • State-of-the-art infrastructure
  • Virtual offices
  • Flexible office spaces
  • Networking opportunities

Frequently Asked Questions

SHAMS is tailored for companies in the media, creative, and entertainment sectors. You can engage in activities such as film production, advertising, publishing, broadcasting, and more.

SHAMS provides flexible options. You can rent physical office space, use shared office facilities, or operate remotely, depending on your business needs.

Sharjah Media City (SHAMS) was established on January 22, 2017, providing a dedicated hub for media and creative industries in the United Arab Emirates.

Yes, you can make changes to your business activities after establishing your company in Sharjah Media City (SHAMS). SHAMS offers flexibility in this regard, allowing businesses to amend or add activities to their existing licenses.

Yes, it is possible to renew your business license in SHAMS without physically being present in the UAE. SHAMS often allows business owners to complete license renewal procedures remotely, making it convenient for international business operators.

Yes, it is possible to transfer your company from one free zone to another within the UAE.

Yes, SHAMS is free from both corporate and personal income taxation.