Sharjah Media City (SHAMS) is one of the fastest-growing free trade zones in the Emirate of Sharjah, offering an ideal environment for company formation in Sharjah Media City. With a diverse range of company licenses, SHAMS provides a lucrative opportunity for global investors looking to establish and scale their businesses in the UAE.
Cost-Effective Business Setup
Starting a business in Sharjah Media City (SHAMS) is budget-friendly, with company formation packages starting at just AED 8,050 (zero visa quota). This affordable SHAMS Free Zone license cost makes it easy for entrepreneurs in the creative, media, and digital sectors to establish their operations in this dynamic free zone. Take advantage of the low-cost business setup to launch your venture and thrive in a supportive environment tailored for growth and innovation.
Key Benefits of Setting Up in SHAMS
Discover the key benefits of setting up your business in Sharjah Media City (SHAMS), including affordable trade licenses, 100% foreign ownership, quick documentation, zero import/export duties, and no personal income tax. Unlock your business potential today!
Affordable Trade License
Starting your company setup in the UAE is budget-friendly, with trade license costs beginning at just AED 8,050. Take advantage of this affordable option to launch your business today.
No Physical Presence Required
You can easily register your company in the UAE without being physically present. This convenience streamlines the setup process, making it accessible for global entrepreneurs and investors alike.
100% Foreign Ownership
Enjoy full ownership rights of your business in the UAE without needing a local partner. This benefit empowers foreign investors to operate independently and effectively within the market.
Easy Fund Transfer
Experience hassle-free fund transfers with 100% free transfer of funds. There are no restrictions on capital repatriation, allowing you to manage your finances with ease and flexibility.
Zero Import/Export Duties
Benefit from 0% duties on goods imported or re-exported through the SHAMS Free Zone. This significant advantage enhances your trading capabilities, reducing operational costs and boosting profitability.
No Personal Income Tax
Enjoy tax-free earnings with a 0% personal income tax rate in the UAE. This attractive feature encourages entrepreneurs to reinvest profits into their businesses and support growth.
Quick Documentation
All required documentation for your company setup is issued within just 2 days. This efficient process accelerates your business launch, allowing you to focus on growth and development.
Flexible Hiring Policies
There are no restrictions on hiring foreign employees in the UAE. This flexibility enables you to build a diverse and skilled workforce, enhancing your company’s operational capabilities.
Company Licenses Available in SHAMS Free Zone
Explore diverse company licenses available in Sharjah Media City (SHAMS) Free Zone, including Service, Trading, and Industrial Licenses. Start your business journey in one of the UAE’s fastest-growing free trade zones today!
1. Service License
The Service License allows foreign investors to establish service-based companies across various sectors. With SHAMS’ robust infrastructure, entrepreneurs can opt for flexible workspace solutions such as Flexi-Desk or customized executive offices.
2. Trading License
With a Trading License, investors can sell goods within SHAMS or import/export to the mainland. This license facilitates the seamless movement of goods, making it an essential choice for trading businesses.
3. Industrial License
An Industrial License enables entrepreneurs to engage in manufacturing activities. SHAMS’ strategic location near Sharjah International Airport and Khalid Port makes it an attractive choice for industrial ventures, catering to the growing demand in the region.
Choosing the Right Business Activity in SHAMS
SHAMS offers over 2,000 business activities, providing ample options for investors. You can select a Service License for consultancy, media, eCommerce, or marketing. For trading activities, the Trading License is optimal, allowing for both local and international sales. If manufacturing is your focus, the Industrial License is the right fit, with excellent support for setting up a manufacturing unit.
SHAMS Company Formation Process
Setting up a company in the SHAMS Free Zone can be done remotely, regardless of your location. Your company can be registered within 3-5 working days.
Step 1: Choose Your License
Determine which type of license offered by SHAMS suits your business needs. Selecting the wrong activity, registration authority, or location may lead to complications with bank account opening or residence visa processing.
Step 2: Prepare Necessary Documents
Prepare and upload the minimal documentation required by SHAMS, including:
- Passport with a 6-month validity
- Personal details (phone number and email)
- Three preferred company name options
- Confirmation of your business activity
Registration can be completed remotely, and all registration and processing fees must be paid at this stage.
Step 3: Receive Your License and Documents
Once your application is approved, you’ll receive essential company documents, including:
- Certificate of Incorporation
- Trade License
- Lease Agreement
- Memorandum of Association (MoA) and Articles of Association
Step 4: Obtain Your Establishment Card
Receive your Establishment Card, which contains vital company information and allows you to sponsor residence visas.
Step 5: Apply for Entry Permit
Apply for an Entry Permit. If you’re outside the UAE, once issued, get your entry permit stamped and begin your residence visa process by submitting the necessary documents.
Step 6: Undergo Medical Checkup
Complete a medical checkup, a necessary requirement for residency.
Step 7: Apply for Emirates ID
Submit your application for an Emirates ID.
Step 8: Complete Biometrics
Complete the biometrics procedure at one of the Emirates ID centers.
Step 9: Finalize Visa Formalities
Once you have your medical results and completed biometrics, finalize your visa formalities. A health insurance policy is required for residence visa approval. Your electronic visa will be sent via email and is also accessible through the UAEICP app.
Step 10: Receive Emirates ID
You will receive your Emirates ID within 5-7 days.
Step 11: Open a Corporate Bank Account
Apply to a UAE bank to open a corporate bank account.
Step 12: Start Your Business
Receive your bank account details and begin running your business in the UAE.
Facilities Available in SHAMS
SHAMS provides a variety of facility options designed to meet the diverse needs of entrepreneurs:
- Dedicated Desk: A personal workspace that fosters productivity and networking, ideal for focused work.
- Shared Desk: A flexible workspace shared with others, perfect for investors who frequently engage in client meetings.
- Dedicated Office: A private office that allows for team collaboration and strategic business growth.
- Shared Office: A cost-effective option providing more privacy than a shared desk while still offering networking opportunities.
Conclusion
Company formation in Sharjah Media City is a strategic investment for foreign investors looking to thrive in the UAE market. With competitive licensing packages and a supportive business environment, SHAMS stands out as a premier choice for entrepreneurs. Explore the benefits of setting up your business in this vibrant free zone today!
