Sharjah Media City Freezone
SHAMS
About SHAMS
Sharjah Media City (SHAMS) is a free zone in UAE. Established in 2017 by an Emiri Decree signed by His Highness Sheikh Dr. Sultan Bin Muhammad Al Qasimi, the Ruler of Sharjah and a member of the Supreme Council
SHAMS has become a prominent figure in the media and creative industries in the area. Shams is a 2 million-square-foot multipurpose media metropolis located in Sharjah’s Al Messaned.
It has opened its doors to foreign talent, providing an international-standard infrastructure and essential tools to create content of the highest caliber.
SHAMS covers a wide range of business activities for the creative industry to thrive in and to create a community where all creative minds can come together in a dynamic environment.
Benefits of Business Setup in Sharjah Media City
- Fast-tracked Company Formation
- Less Corporate Tax
- 100% Foreign Ownership
- Near International Airports
- 100% Repatriation of Capital and Profits
- Low Setup Cost
Types of Business Licenses Offered by SHAMS
Sharjah Media City Freezone provides three different kinds of business licenses to accommodate different business needs.
1. Service license
Service License allows the production, reproduction, transformation, and distribution of services.
2. Trade License
With Shams trade license, one can import and export items, buy, sell, and distribute them within Shams with confidence.
3. Light-Industrial License
With the light-industrial license, you can work freely throughout the whole production cycle and produce, reproduce, transform, and manufacture things.
Types of Business Entities in SHAMS
The following kinds of corporations are issued under Shams jurisdiction in accordance with Shams General Policies & Corporations and Licensing Regulations 2017:
- Limited Liability Company (LLC)
- Branches of Existing Companies
How to Setup a Business in SHAMS?
The steps to set up a business in SHAMS are very simple. RFZ Corporate Services Provider helps you set up a business in Shams by taking over the lengthy paperwork. Here are the steps to set up the type of company you want:
Step 1: Choose Business Activity
Identifying your business activity is the first step in opening a company in Sharjah Media City Freezone.
Step 2: Plan Company Structure
You can set up your company as a limited liability company or a branch of an already existing company in SHAMS.
Step 3: Company Name Registration
The registration of your company name is the next stage in the company formation process. Your chosen name has to be approved by the Sharjah Media City Freezone and must not infringe upon any current copyrights or trademarks.
Step 4: Apply for a Free Zone License
Obtaining a license in SHAMS is an essential step in company formation process. The kind of license you need is determined by the nature of your business.
FAQs
1. Is a Local Partner required to incorporate a company in Shams?
No, a local partner is not required. You can have 100% ownership of a company.
2. How much does it cost to open a business in Shams?
The cost to open a business in Shams depending on your business activity, type of the license and external approvals (if required).
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