SHAMS FREE ZONE COMPANY SETUP
Sharjah Media City (SHAMS) Free Zone Company Setup
Since its inception in 2017, Sharjah Media (Shams) has been quickly expanding to meet the needs of the region’s expanding media and creative industries. Shams, which aspires to be a world-class centre for innovative facilities and services, offers a broad variety of options for businesses looking to set up shop in the United Arab Emirates.
In addition to allowing enterprises in the media and creative industries to incorporate, Shams also offers a supportive environment for their development. This is accomplished by permitting the creation of corporations whose primary focus is on providing support and assistance to the media and creative industries. This dynamic of mutual assistance and support enables any enterprise operating inside the Shams-free zone to thrive and succeed.
Benefits of Company Formation in Shams Free Zone
Additionally, Shams is a free zone that offers extremely reasonable prices. It’s rather rare to find free zones that are both widely accessible and affordably renowned. Forming a business in the Shams free zone has several advantages. Here are a few examples:
- Cost-effective business setup
- 100% foreign ownership
- Quick registration
- Incorporate many businesses under a single license
- Shams is situated in a tax haven
- Zero corporate & personal tax
- Repatriation of 100% of Investment and Profits
- Processes that are both hassle-free and efficient
- To help its businesses flourish, Shams often organizes seminars and networking events for the local business community
- Shareholders don't need to be present in the UAE to form a new company
- Free training opportunities
- Free exhibition space at events like GITEX Expo and Seamless Middle East
Various Organizational Structures and Licenses in Shams
Shams allows the formation of companies with the following kinds of licenses:
Technical Services License
The licensing of services and consulting include the creation, reproduction, and dissemination of those services.
Trading License
A trading license lets businesses buy, sell, and ship items internationally. With this license, a business may provide both wholesale and retail sales of its products and services connected with those sales.
Industrial License
To let businesses create, reproduce, modify, and manufacture products, Shams issues an “industrial license.”
A corporation can engage in various commercial endeavours if it has one of the licenses listed above. Media, wholesale and retail, and services & consulting are the typical umbrella categories under which Shams classifies the many legal forms of economic activity.
Sharjah Media City (SHAMS) has several Facilities
Sharjah Media City offers startups, established businesses and entrepreneurs several different workspace configurations, including shared desks, dedicated desks, and shared office space. SHAMS is attentive to the requirements and preferences of the local business community.
Dedicated Desk
A dedicated desk is a workplace only used by your firm and housed in a co-working facility. You’ll have your desk and use the office’s Wi-Fi, printer, and conference room.
Shared Desk
A shared office space promotes teamwork and collaboration at SHAMS. For new businesses, this kind of setting is ideal, where they can network with others in their industry. Workspace sharing is a great way to encourage teamwork!
Dedicated Office
This office is intended for your company’s Shams-free zone operations. These offices are private, and when they are not utilized, they can be locked. There are a variety of seating options available in the dedicated workplace. Depending on the firm’s requirements, dedicated offices may just have a single desk or many group workstations. A dedicated office has preexisting Wi-Fi and printing equipment. The facility also features a shared conference space that business owners may use.
The Growth of Media Companies in Shams
Many business permits are available in the UAE’s many free zones. When deciding on a free zone, company owners think about the initial investment, the free zone’s reputation, and the zone’s primary purpose and aim. When a company’s goals and the interests of the free zone coincide, everyone wins. Many businesses have a hard time looking for a place like this. Intriguingly, the media industry has it easy.
The United Arab Emirates (UAE) is home to a dedicated free zone for establishing, maintaining, and expanding the media industry. The Shams Free Zone is the go-to location for entrepreneurs in the media industry to launch or grow their enterprises tax-free.
The following is a list of ways that the concentrated strategy of Shams Free Zone may help any media organization enhance their growth:
- Although Shams Free Zone is one of the most economical free zones, it is much more affordable for media-related businesses.
- Freelancers planning to engage in media operations can take advantage of discounted prices and specialized packages in the Shams-free zone.
- New media businesses can be formed, and existing ones can grow in the Shams Free Zone.
- Media enterprises with a strong local or international presence are welcome to set up a branch office in the Shams Free Zone.
- Shams is situated in a tax haven
- Shams Free Zone is setting up specialized facilities in an inspiring environment to attract media companies.
- The Shams Free Zone plans to establish a Shams Film Commission to position itself as one of the most sought-after locations for filming.
- Many business events take place in Shams Free Zone, including seminars, conferences, and expos.
- Businesses in the Shams Free Zone are offered free access to various business community events where corporate leaders may meet each other and collaborate.
Establishing a Company in the Shams Free Zone
The procedures involved in launching a company are as follows:
- Pick the commercial activity that best suits you.
- Select a name for your business.
- Submit your registration documents to the legal department.
- Fill out a license application
- Create a bank account
- Submit an application for any necessary visas
ExpressPRO Business Setup Services
Many individuals and businesses have benefited from ExpressPRO’s assistance in establishing themselves in Shams. Regarding forming a company in Shams, we are your one-stop solution. We offer a full range of services for those interested in forming a company in the Shams Free Zone.
We are completely familiar with all of the procedures that must be followed to obtain clearance from the necessary authorities due to our staff’s extensive experience and professional expertise. At all stages, before, during, and after business registration in Shams, we will be here to help you meet all the legal criteria.
Get in touch with us if you need help setting up a business in Shams.
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