SHAMS Free Zone
Starting a business is much easier in the UAE. The new wave of laws and regulations issued by the government has made the process more broadly accessible. The country also has several trade-free zones across the emirates, encouraging entrepreneurs and making starting a business more accessible and profitable.
Shams Media City acts as a driving force for the expansion and success of creative and media companies. The free zone encompasses a wide range of business activities available for anyone looking for SHAMS company formation to become a world-class media hub for innovative facilities and services.
Characteristics of IFZA Free Zone
| Characteristic Type | Characteristic Trait |
|---|---|
| Ownership | 100% Foreign Ownership |
| Company Type | Limited Liability Company (LLC) |
| Minimum No. of Shareholders | 1 |
| Minimum No. of Mangers | 1 |
| Accounting Bookkeeping Requirements | No |
| Renewal Date | Annual date of Incorporation |
| Corporate Taxation | 0% |
| Types of Activities | Commercial, Media & Service or Consultancy |
| VAT Percentage | 0% |
| Duty for Import Export | 0% |
| Duration for Company Formation | 2-3 Working days |
| Paid Up Capital | Depends on the Business Activities |
| Requirement of NOC | No |
| Local Partner Required | No |
| Visa Type | Investor & Employment Visa |
Documents Required
- Color Passport Copy
- Visa status copy / Entry stamp copy
- Passport Size Photo
- Other documents depending on the business activity
Banking Partners
Statistics
SHAMS provides products and services that are intended to spur their development and prosperity. Investors can open a firm at the lowest possible cost and gain access to several visas through a joint office. On the same license, multiple company activities are also allowed.
Shams aims to be a central creative hub in the area, only 15 minutes from Dubai International Airport and 5 minutes from Sharjah International Airport, making it a perfect location for Sharjah Media City free zone company formation.
| Founded in the Year | 2017 |
| 2017 | $24.81billion |
| Governing Authority | Sharjah Media City |
| No. of Companies | More than 160 |
| No. of Business Activities | More than 120 |
| No. of Business License Approval | More than 6000 |
Registration Process
Complete the Application Form
Submit Your Documents to the Authority
Obtain Your License
Obtain Your Residency Visa
Open Your Bank Account
Terms and Conditions
*Duration is subject to the constraints of the due diligence procedure.
**This would refer to the corporate tax of the company, wherein the operation of the company would take place outside the country of incorporation.
***The required documents must be provided for every individual related to the company.
Disclaimer: The content on this website should not be taken as a contractual commitment or a warranty. Our services conditions are subject to BSW terms and conditions.
Why Choose BSW
The procedure for registering a corporation in the free zone may confuse foreigners. As a result, you should seek expert help from someone who can give you the necessary knowledge. Business Setup Worldwide has a team of professionals who can provide you with the required information and oversee the entire process, freeing you up to concentrate on expanding your company. To learn more, contact us.
FAQs
What does the SHAMS free zone license cost?
0 Visa license starts from AED 5,500.
What are the available licenses in SHAMS free zone?
- Service License
- Trading License
- Industrial License
- Holding License
What are the legal entities for the SHAMS business setup?
- Limited Liability Company (LLC)
- Branch of a Foreign Company.
What are the facilities available in SHAMS free zone?
- Dedicated desk
- Shared desk
- Dedicated office
- Shared office
