Sharjah Media City Free Zone

Sharjah Media City (Shams) was incorporated in January 2017 with an aim to act as a catalyst for creative and media businesses to flourish. Shams is a world-class media hub of innovative facilities and services. The free zone covers a wide array of business activities available for investors aspiring to embark on their entrepreneurial journey in the Middle East. The process to set up a business in Shams is similar to that in any other free zone in Sharjah, owing to the Emirate’s business-friendly laws and state-of-the-art infrastructure. Shams is a robust environment for media business and issues licenses to business entities, freelancers and entrepreneurs planning to set up a business.

Benefits of Setting Up a Company in Sharjah Media City

Complete foreign ownership

Complete repatriation of capital and profits

Complete free transfer of funds

No import and export duties

No corporate tax for 50 years

Less company setup charges

Can start a business from anywhere in the world

Easy recruitment procedure

Fast document processing

No-Objection Certificate (NOC) is not required to start a business

Company Formation in Sharjah Media City Free Zone

Shams LLC

A Shams Limited Liability Company (LLC) is an independent entity wherein the company structure separates the shareholders and owners from the company. i.e. the liabilities of the company remain as its but not the personal liabilities of the shareholders. Similarly, the company’s assets remain as its and not the personal assets of the shareholders.

Advantages

Independent operating entity

Entitled to obtain a license

Entitled to sponsor employee(s)

Entitled to open a business bank account

Shams Branch

A Shams branch belongs to an existing parent company established anywhere in the UAE. All profits, gains, benefits and other returns of the branch shall be profits, gains, benefits and other returns of the parent company. Similarly, all costs, debt, expenses and other liabilities of the branch are costs, debts, expenses and other liabilities of the parent company.

Advantages

Entitled to obtain a license

Entitled to sponsor employee(s)

Entitled to open a business bank account

License Types in Sharjah Media City Free Zone

Service License

Service License allows for production, re-production, transformation and distribution of services.

Trading License

A trading license allows the transport of goods, wholesale and retail sale of goods and rendering of services related to the sale of such goods.

Industrial License

An industrial license allows the production, reproduction, transformation and manufacturing of goods.

Holding License

A holding license allows to hold assets and/or stakes of a company.

Facilities in Sharjah Media City Free Zone

Shams provides three facility options in addition to the shared desk facility. All the four facilities provide access to Wi-Fi, printers and meeting rooms.

Dedicated Desk

Fixed spaces, which allow the entities to work from the space provided to them.

Dedicated Office

A dedicated office is a lockable office space used on an individual basis.

Shared Desk

A shared desk in Shams is a common office space shared by creative entrepreneurs.

Shared Office

It offers a private space, and also allows for networking opportunities.

Price Estimation to Set Up a Business in Sharjah Media City

Business License

TYPE 1 - Commercial/Service/Professional License

TYPE 2 - General Trading License

Formation – LLC or Branch
Additional Class – AED 2,000
Ghaya Package – AED 4,000
Social Media Influencer Package – AED 13,000

Facility

Shared Desk* – AED 3,675

Visa

Immigration

Other Services

Penalties

Why Shams?

Company setup options starting from AED 11,500.00

A wide array of business activities available on the same business license

Shareholders need not be physically present in the UAE to incorporate a new company

Legal Shape of the Company will be Limited Liability Company (L.L.C).

Ability to appoint Corporate Directors and Corporate Managers for your company

Quick and simple online registration process

No requirement for share capital deposit.

Allocation of up to 6 visas on a shared desk facility

Setting up a business whether in the Sharjah Media City or in any region is a tedious task. You must have the full knowledge of the free zone’s business registration rules and regulations, and most of the time this involves lengthy paperwork too. It is always advisable to seek expert advice from the professional consultants before commencing business activity. Prime Global handles business formalities and support services required for your business set up. Our well-experienced team will study your requirements and help you achieve your goal so conveniently. Contact us today for a free walkthrough through the entire procedure.

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