How to Open a Company in Sharjah Media City Free Zone?
Sharjah Media City (Shams) was launched in January 2017. A business setup in Shams Free Zone could be the best option for your company formation in UAE. We are not only supporting you with your company formation in Dubai, our experienced Business Link UAE team is also assisting you to start your company in Shams.
Shams Free Zone aims to be a world-class media hub for innovative facilities and services. With a company formation in Sharjah Media City, innovators shall be able to live, learn and co-create. A Shams Free Zone business setup provides a wide range of business activities available for you to grow and thrive.
Facts About Sharjah Media City
In January 2017, Shams was launched be a world-class hub for media and creativity in the region. A Shams business setup is desirable for companies, freelancers and entrepreneurs working in media, technology and creative industries. A Shams Free Zone company formation profits from a safe and progressive environment and from dynamic initiatives to connect with talented individuals.
About SHAMS Free Zone Company Setup Cost:
Business formation in Sharjah Media City (SHAMS)free zone starts from 11,500 AED.
Advantages of Shams Business Setup
A Sharjah Media City company formation offers you numerous benefits, such as zero corporate tax and no import and export taxes. Further advantages of your business setup in Shams Free Zone are:
- 100% Foreign ownership
- Zero corporate and personal income tax
- Zero import and export duties
- Companies will be limited in liability
- Extensive list of available activities
- No physical presence required to incorporate
- NOC is not required to start your business
- No annual audit reports
- No paid-up share capital
- Cost effective licensing
- Flexible visa solutions
- Up to 6 visas on a shared desk facility
Company Types in Sharjah Media City
During your company formation in Sharjah Media City, you choose your preferred company type, namely a Shams LLC or a Shams Branch.
A Shams Limited Liability Company (LLC) is an independent entity. The liabilities of the company, whether arising in contract or otherwise, are the company’s liabilities and not the personal liabilities of the shareholders. Equally the company’s assets are the company’s assets and not the personal assets of the shareholders.
A Shams Branch is an entity belonging to an existing parent company. All profits, benefits, gains and other returns of the branch shall belong to the parent company. Equally, all costs, expenses, debts and other liabilities of the branch are the ones of the parent company.
Business Activities And Licenses in Shams Free Zone
From sound recording and publishing of books to the sale of cars. For your Shams Free Zone business setup, you can choose from a wide range of business activities. Sharjah Media City offers more than 120 business activities to select from. They also provide you the flexibility to combine different activities on the same license.
For your Shams Free Zone business setup, you can choose between the following licenses:
A service license allows for production, re-production, transformation and distribution of services. The Service License includes rendering services as a primary objective and utilizing goods to provide them.
With a trading license you can sell goods within Shams Free Zone or you can import and export goods. It includes the movement of goods, wholesale and retail sale of goods and rendering of services related to the sale of these goods.
An industrial license allows for production, re-production, transformation and manufacturing of goods.
It permits holding standalone assets and/or stakes in other companies. You require a holding company for the purpose of controlling other companies, real estate, patents, trademarks, stock and other assets.
Office Facilities of Sharjah Media City
Shams provides four facilities for your company setup in UAE. The office facilities are designed to serve you and cater to your needs. All four facilities provide access to Wi-Fi, a printer and a meeting room.
A dedicated desk is an assigned space for individuals wishing to run their business close to like-minded entrepreneurs.
A shared desk is a common space shared by creative entrepreneurs. It’s ideal for today’s entrepreneurs seeking flexible space and networking opportunities.
A dedicated office is an assigned lockable office space used on an individual basis. Ranging from a single desk space to possibly a group of desks, a dedicated office provides you with a private working environment while boosting collaboration among the members of the company.
A shared office facility allows companies registered within Shams Free Zone to network, creating more opportunities for businesses.
Set up Company in Shams Free Zone
Sharjah Media City is an innovative media hub, offering a wide range of business activities. Compared to other Free Zones, Shams creates significant benefits for your company formation in UAE. With a Shams Free Zone business setup, you do not need any paid-up share capital, your presence for the incorporation is not required and there are no obligatory audit reports. The Free Zone really aims to be a world-class with innovative facilities and services.
Our PRO Service in Dubai and our business setup consultants are looking forward to assisting you to start your company in Shams.