Sharjah Media City Free Zone (SHAMS) has emerged as one of the most promising business hubs in the United Arab Emirates since its establishment in 2017. This vibrant and innovative environment is particularly attractive to businesses in the media sector but also accommodates various other industries. With its creative atmosphere, SHAMS Free Zone nurtures resourceful firms and entrepreneurs looking to thrive in media-related activities.
Why Choose Sharjah Media City for Your Business Setup?
Starting a company in Sharjah Media City can be a strategic move for both local and international entrepreneurs. With Bizinvestfirm, you can launch your business in the SHAMS Free Zone quickly and efficiently.
Benefits of Business Setup in Sharjah Media City
1. No NOC Required
Business owners with a UAE residence visa can establish a company in the SHAMS Free Zone without needing a No Objection Certificate (NOC) from a local sponsor, streamlining the documentation process.
2. Capital Repatriation
Businesses in Sharjah Media City enjoy full capital repatriation, meaning you can transfer all profits to your home country without sharing any profits with the UAE authorities, thanks to the tax exemptions.
3. Investor and Partner Visas
The SHAMS Free Zone authority offers investor and partner visas valid for up to three years, allowing entrepreneurs flexibility without the need for expensive office rentals.
4. Quick Documentation Process
The business setup process in SHAMS is known for its speed and efficiency, with corporate documents typically issued within days of application submission.
5. No Minimum Share Capital or Annual Audit
Unlike many other free zones, SHAMS does not require a minimum share capital for business formation, nor does it mandate annual audits for license renewal.
6. Flexible Office Options
Entrepreneurs can choose from a variety of office spaces in Sharjah Media City, including Flexi desks and executive offices, all equipped with modern business facilities.
7. Streamlined Business Setup Process
SHAMS Free Zone’s user-friendly process allows entrepreneurs to set up their businesses without needing to be physically present in the UAE, simplifying remote operations.
8. Multiple Business Activities Under One License
With approval for around 120 business activities, SHAMS enables businesses to operate diverse activities under a single trade license, maximizing operational flexibility.
9. Flexible Visa Regulations
Entrepreneurs can apply for multiple employee visas based on their office setup—up to 6 visas for shared desk facilities and up to 12 for dedicated desks.
10. Strategic Location
Located in Sharjah Emirate, Sharjah Media City is conveniently situated close to the Sharjah International Airport and Dubai International Airport, facilitating easy connectivity.
Additional Advantages of Setting Up in SHAMS
- Business Ownership: Full ownership rights for foreign investors.
- Hassle-free Recruitment: Simplified hiring processes.
- Tax Incentives: Attractive tax benefits for businesses.
- Corporate Bank Account: Easy access to banking services.
- No Foreign Currency Restrictions: Flexibility in financial transactions.
- Youth Entrepreneurship: Opportunities for young entrepreneurs aged 19 and above.
- Easy Trading: Simple processes for trading within and outside the UAE.
- Employee Sponsorship: Ability to sponsor employees.
- Import and Export Exemptions: No duties on imports and exports.
- Remote Registration: Convenience in registering your business.
- Cost-effective Solutions: Affordable setup options.
- Global Connectivity: Access to international markets.
- Exceptional Infrastructure: Modern facilities to support business operations.
Types of Licenses Available in Sharjah Media City Free Zone
1. Media License
Allows for media-related activities such as publishing, media consultancy, telecommunications, and advertising.
2. Trading License
Enables engagement in wholesale and retail trading, as well as importing raw materials for distribution.
3. Service License
Tailored for businesses offering specialized services like IT, accounting, and consultancy.
4. Industrial License
Permits manufacturing and processing activities, along with importing raw materials and exporting finished goods.
Allowed Entities in SHAMS Sharjah Free Zone
When forming a business in Sharjah, you can choose from several corporate structures:
Limited Liability Company (LLC)
- Comprises 1-50 shareholders, who can be individuals or corporate entities.
- Regulated by SHAMS free zone authority.
Branch Office
- An extension of a parent company, maintaining control over the branch.
- Operated by a single manager and not regulated by free zone authorities.
Office Space Options
- Dedicated Desks: Fixed spaces for entrepreneurs focusing on flexibility and networking.
- Dedicated Offices: Private lockable offices promoting collaboration.
- Shared Desks: Common spaces ideal for startups with a modern aesthetic.
- Shared Offices: More private spaces with networking opportunities.
Steps to Set Up a Company in Sharjah Media City
- Determine Legal Entity: Choose your business structure.
- Select Office Space: Identify your required office amenities.
- Gather Documents: Submit the necessary documents with your license application.
- Receive Your License: Start operating your business in SHAMS.
Required Documents for License Application
- Copy of shareholders’ passports
- Memorandum of Association and Articles of Association
- Trade license/Certificate of Incorporation (for branch establishments)
- NOC for UAE residents, if applicable
Ensure all documents are duly attested to facilitate the application process. Given the complexities involved in business setup, consider partnering with Bizinvestfirm, experienced business setup consultants, to navigate the legal landscape efficiently.
Permitted Activities Under the Sharjah Media City Trade License
- Manufacturing
- IT & Communication
- Auto Repair and Maintenance
- Arts & Entertainment
- Wholesale & Retail Trade
- Accommodation & Food Services
- Financial & Insurance Services
- Storage & Transportation
- Administrative & Support Services
- Education
Get Started with Your Business in Sharjah Media City!
Bizinvestfirm is a leading consulting firm with extensive experience in business formation throughout the UAE. Our trained professionals are ready to assist you in establishing your company in Sharjah Media Free Zone, offering tailored services to meet your business needs. Contact us today to explore our SHAMS Free Zone packages and start your entrepreneurial journey!
