Business Setup in Sharjah Media City (SHAMS) Freezone
Easy Business Setup in SHAMS Freezone with the Best Business Consultants in UAE.
ABOUT
What is
Sharjah Media City (SHAMS) Freezone?
Sharjah Media City Freezone, most commonly known as SHAMS Free Zone, is one of the most promising places in the UAE where you can incorporate your company. Although is one of the new free trade zone comparatively, since it was founded in 2017, it has proven to be a popular place that attracts businesses in the media sector.
SHAMS is the perfect location for companies that carry out media-based activities since it’s a creative hub that fosters ingenious entrepreneurs and investors. Establishing your company in this Free Zone can be a wise decision, even if you don’t belong to the media sector since it also caters to several other industries.
PROCESS
How to Set Up your Business in SHAMS?
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DOCUMENTS
Documents for Business Setup in SHAMS
- Certificate of Incorporation
- NOC for UAE Residents (if required)
- Copies of shareholders’ passports
- MOA and Articles of Association
- Trade license (for a branch company)
Sharjah Media City
Business Licenses for Business Setup in SHAMS.
General Trading License
This license allows you to perform the same activities as the trade license. However, it allows you to trade a wider range of goods and products.
Service License
This one is a tailor-made license for companies that offer services instead of products, like those companies that provide IT services.
Industrial License
With this license, you can perform industrial activities, such as manufacturing, packaging, assembling, and more.
Holding License
If you’re interested in controlling assets such as real estate, stock, trademark, and others you should apply for this type of license.
BENEFITS
Benefits of Doing Business in SHAMS
- 100% ownership of your business
- Multiple tax incentives, which include full exemption from corporate and income taxes.
- You can get multiple visas without having a physical office space
- Full repatriation of capital and profits
- No minimum share capital is needed to establish a company
- No personal or corporate income taxes
- You can open a corporate bank account
- No currency restrictions
- Allows young people to establish a company since the starting age is 19
- Easy to trade with companies in the UAE and the rest of the world
Allowed types of companies in SHAMS
Establishing a business in SHAMS requires you to select among the various types of legal structures available. SHAMS Authority offers the following options regarding legal entities:
Limited Liability Company
You can establish an LLC as an individual shareholder or a corporate shareholder.
Branch of an Existing Company
Minimum share capital is not a requirement. Besides, the branch office can belong to a local or a foreign company.
Businesses that want to establish their presence in this promising Free Zone can select among the various facilities that SHAMS provides. You can serve your clients and carry out your functions from one of these comfortable places to set up your office:
- Office area.
- Dedicated desks
- Dedicated offices
- Shared desks
- Shared offices