Sharjah Media City free zone, also known as Shams, is one of the fastest growing free zones in the UAE. Launched in 2017, Shams is a hub for entrepreneurs in the creative field. Furthermore, the free zone is in close proximity to Sharjah International Airport and Dubai International Airport.
Sharjah Media City free zone offers pocket-friendly resources for businesses in all stages, from startups to large multinational companies. The free zone is home to over 200 business activities from accountancy to wholesale.
Additionally, it offers an array of opportunities to entrepreneurs and investors looking to grow their company quickly. Moreover, these opportunities enable entrepreneurs to establish presence locally as well as internationally.
There are two structures that is permissible in the free zone. These include:
Shams offers minimal upfront as well as renewal costs. It is also one of the few free zones in the country that offer hassle-free registration processes in the UAE. In addition, regardless of wherever you are based in the world, you can register your company within just a week. The various benefits of Shams business setup include:
The free zone offers world-class facilities for companies looking to form a company in the jurisdiction. Some of these include:
There are various types of trade licenses offered in Shams free zone. These include:
Although the name Sharjah Media City free zone suggests that the jurisdiction specifically caters to media-related activities only, it is not restricted to just that. It offers approximately 120 activities, providing investors with the opportunity to combine different business activities under one Shams business license.
Shams license cost starts from approximately AED 5,750. However, the price may vary depending on the nature of your business.
The renewal process of businesses in Shams is highly cost-effective and simple. Moreover, the free zone does not require an annual audit report for renewal of your Shams free zone license.
In order to complete the process of your company’s license renewal, you will need to pay the renewal fee and submit the signed lease agreement of your facility. Furthermore, another advantage of having a company in Shams is that your physical presence in the UAE isn’t required for renewal and can be carried out by an agent.
Similar to renewal, company liquidation also does not need the physical presence of the owner and can be accomplished through a corporate agent. You will, however, be required to pay the government fee to complete the process of liquidation.
Company liquidation process takes about one month and involves the following steps:
To find out more about various options available for Shams company setup, contact Shuraa – one of the best business setup companies in Dubai. Shuraa helps solve your business-related queries and offers you best-suited solutions for your Shams company formation in the UAE.
To get started on your business journey and find out more, contact our expert consultants at +97144081900 or send a WhatsApp message on +971507775554. You can also drop in an email at email@example.com and get your queries answered in no time.
Yes, you can renew your license remotely via a registered agent with just an authorization letter and renewal fees.
It takes less than a week to get your license and start your business in the Shams free zone.
No, you will have 100% ownership and do not require to have a local partner to start your company.
It is not possible to transfer your company from one free zone to another. You can, however, set up a branch of your existing company in a different free zone.
If you want to transfer your company in a different free zone, you will be required to liquidate your company in the current free zone and then begin with your company formation process in a different free zone of your choice.
Having an office space is no longer a mandatory requirement to set up a business in the UAE. Although, license applications for some business activities would require you to submit a copy of your ejari (tenancy contract). There are various options of leasing an appropriate office space within your budget to suit your company requirement.
Yes, you are permitted to make changes and additions to the list of your business activities after company incorporation.
Yes, you can use your existing visa to incorporate your company. Additionally, you are not required to obtain an NOC from your current sponsor.