Business Setup in SHAMS
ah Media City, known as SHAMS, has quickly become a favored Freezone in the UAE since its inception in 2017. Positioned in the culturally rich Emirates of Sharjah, SHAMS specializes in nurturing businesses within the media, entertainment, and creative industries. Unique for allowing young entrepreneurs as young as 19 to start their ventures, SHAMS stands out for its youth-friendly business setup policies.
Youth-Friendly Policies: SHAMS is unique in allowing individuals as young as 19 to establish companies, opening doors for young entrepreneurs.
Tax Benefits: Enjoy zero corporate or personal tax, with no annual audit required, enhancing your profit margins.
100% Ownership: Full foreign ownership and capital repatriation without any currency restrictions or capital deposit requirements.
Operational Ease: A straightforward business setup process, supported by fully furnished offices and business parks, ensures you hit the ground running.
Strategic Location: SHAMS' proximity to major airports and its position in Sharjah offer excellent connectivity and growth opportunities.
Cost-Effective Solutions: Among the most budget-friendly Free Zones, SHAMS makes business setup accessible for startups and SMEs.
Comprehensive Support: With services like opening a corporate bank account made easy, SHAMS provides a supportive ecosystem for your business.
SHAMS Facilities
Creative Media Support
SHAMS is enhancing its appeal to media businesses with unique facilities like an influencers platform and a Film Commission for optimal content creation and collaboration.
Flexible Workspace
Solutions: SHAMS offers a variety of workspaces, including dedicated desks in co-working spaces, shared desks for networking, and private dedicated offices, all equipped with essential amenities.
SHAMS Business Setup Cost Explained
Launch your business in SHAMS with Consultycs guiding you. Enjoy clear
initial costs and customized plans for a smooth setup experience.
- Initial Setup: Starting costs in SHAMS are quite competitive, with registration beginning from AED 5,000.
- License Options: Choose from multiple licenses starting at AED 5,500 for up to 7 product categories.
- Office Requirements: Mandatory office spaces start with a small office at an annual rent of 53,670 AED.
- Cost-Effective Packages: The most affordable setup package in SHAMS, including a flexi-desk and a resident visa, starts at 19,000 AED.
- Trading and Service Licenses: Fees vary from AED 5,500 for specific product categories to AED 30,000 for a General Trading License.
Company Formation in SHAMS
1.
Outline Business Activities
Define your activity and select the right trade license with Consultycs.
2.
Online Application Submission
Apply easily online; we manage name reservation and approvals.
3.
License Acquisition
Pay fees, sign documents, and get your provisional approval remotely.
4.
Office Selection
Consultycs helps you find the ideal office space to suit your needs.
5.
Visa Processing
Secure your team's visas efficiently with our dedicated assistance.
6.
Operation Commencement
Receive your E-Licence and launch your operations in DMCC within days.
Book Your
Free Consultation Session
Documents Required for Sharjah Media City Business Setup
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For Individual Shareholders or Partners:
Submit copies of passports and passport-sized photos.
Validate residential addresses with a utility bill or bank statement. -
For LLCs with Corporate Shareholders or Branches:
Provide a board resolution authorizing the new company setup.
Include essential documents: Certificate of Incorporation, Memorandum & Articles of Association, and Certificate of Good Standing or a valid Trade License. -
Streamlined Registration Process:
Experience quick registration, usually within a day, with security clearance and establishment card issuance following in 1-2 weeks.
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Visa and Identification Procedures:
Secure your entry visa in a week, and complete your medical check-up and Emirates ID application within a day.
Types of Shams Business Setup
Shams LLC Formation
Start your own business in SHAMS, enjoying complete autonomy and access to diverse markets in Sharjah Media City.
Shams Branch Setup
Extend your business into SHAMS, utilizing Sharjah Media City's strategic location for growth and expansion.
Licenses Available in Company Setup in SHAMS
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1.
Service License: This license focuses on offering services, where the main goal is providing services and using goods to do so. It covers a wide range of services, from production and transformation to distribution.
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2.
Industrial License: Ideal for businesses involved in creating and processing products. This license covers all aspects of production, from creating new items to transforming and manufacturing goods.
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3.
Trading License: Perfect for businesses that deal with buying and selling goods. This includes importing, exporting, wholesaling, and retailing goods, as well as services related to selling those goods.
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4.
Holding License: Suitable for owning assets or shares in other companies. This license is used to manage other companies, real estate, patents, trademarks, and more, focusing on asset control.
