About Shams
Sharjah Media City (Shams) was launched in February 2017 to act as a catalyst for creative and media businesses to grow and thrive. Aiming to be a world-class media hub for innovative facilities and services, Shams covers a wide range of business activities available for those wishing to embark on their entrepreneurial journey in the UAE.
Why Shams?
-Cost-effective business setup
-0% corporate or personal income tax
-100% foreign ownership permitted
-Allocation of up to 12 visas on a shared desk facility
-Quick and simple online registration process
-A wide range of business activities available on the same business license
-Located 15 minutes from Sharjah International Airport and 30 minutes from Dubai International Airport
-Shareholders are not required to be physically present in the UAE to incorporate a new company
SHAMS - Company Formation
Sharjah offers investors a couple of affordable and cost-effective packages for company formation.
Sharjah Media City is an affordable free zone for entrepreneurs. Your company registration in SHAMS can be done 100% remotely, whether you are in UAE or abroad. The registration process usually takes 7 days.
Type of business licenses in Shams
Service License:
Provides services, i.e. non-goods.
Provides services as a primary objective while using goods, i.e. restaurants, media productions, etc.
Production.
Trading License:
Selling goods within Shams or importing and exporting of goods: movement of goods, wholesale and retail sale of goods, and the rendering of services related to the sale of these goods.
Industrial License: Production, re-production, transformation and manufacturing of goods.
Business facilities in Shams
-Company setup options starting from Dhs. 11,500;
-Physical presence in the UAE not required to incorporate your new company;
-No need for NOC to start your own company;
-No paid-up Share Capital or Annual Audit;
-100% foreign ownership;
-100% repatriation of capital and profits;
-100% free transfer of funds;
-0% import and export duties;
-0% Corporate tax for 50 years;
-All documentation issued in 2 days;
-Inexpensive workforce and easy recruitment procedures;
-Vast activities covering Services, trading and Industrial licenses with multiple visas;
Company formation in Shams
1. Shams LLC
Advantages:
Independent operating entity
Entitled to obtain a license
Entitled to sponsor employee(s)
Entitled to open a business bank account
A Shams limited liability company (LLC) is an independent entity whereby the company structure separates the owners and shareholders from the company. Hence the liabilities of the company, whether arising in contract or otherwise, are the company’s liabilities and not the personal liabilities of the shareholders. Equally, the company’s assets are the company’s assets and not the personal assets of the shareholders.
2. Shams branch
Advantages:
Entitled to obtain a license
Entitled to sponsor employee(s)
Entitled to open a business bank account
A Shams branch is an entity belonging to an existing parent company. All profits, benefits, gains and other returns of the branch shall be profits, benefits, gains and other returns of the parent company. Equally, all costs, expenses, debts and other liabilities of the branch are costs, expenses, debts and other liabilities of the parent company.
While based in the UAE, we offer comprehensive services for doing business in the Middle East including all the Free Trade Zones, including offshore company formation. We have already rendered our assistance to more than 1000 companies to set up their operations in UAE.
UAE Free Zones provides complete bank account opening services to its clients along with the assistance for business setup in Dubai.
source: sharjah media city