Business Setup in Sharjah Media City (SHAMS) FREE ZONE
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Sharjah Media City (SHAMS) FREE ZONE
Shams Free Zone, also known as Sharjah Media City (SHAMS), has emerged as a rapidly expanding free zone in the United Arab Emirates. Established in 2017, SHAMS is situated within the Emirate of Sharjah, strategically positioned near Dubai and the other Emirates, making it an attractive location for businesses.
SHAMS Free Zone is specifically designed to cater to media, creative, and technology industries, though it also supports various service-based sectors. Also, the free zone provides an ecosystem that encourages entrepreneurship, innovation, and creativity, making it an ideal destination for startups, freelancers, and established companies.
Business Setup in Sharjah Media City (SHAMS) Free Zone with Business Diaries
Welcome to endless possibilities! Business Diaries are your key to unlocking the unparalleled advantages of Shams Free Zone. In addition, with 100% foreign ownership, you can chart your course without limitations.
Moreover, our extensive experience and in-depth understanding of the local regulations make us your ideal partner in navigating the complexities of company formation. At Business Diaries, we believe in empowering your success. Thus, step into the world of boundless opportunities with Business Diaries by your side. Contact Business Diaries today, and let’s make your entrepreneurial dreams a reality in Shams Free Zone.
Sharjah Media City SHAMS Free Zone License
When setting up a business in SHAMS (Sharjah Media City) Free Zone, you must apply for a business license corresponding to your business activities. SHAMS provides a variety of permits tailored to accommodate diverse industries and business activities. Here are some common types of licenses available in SHAMS:
Service License: This license suits businesses that offer consultancy, advertising, marketing, media production, events management, and other service-based activities.
Trading License: If your business involves importing, exporting, and trading goods, you will need a trading license. In other words, this license allows you to buy, sell, and distribute products within the free zone and internationally.
Industrial License: For businesses involved in manufacturing, assembling, or any industrial activities, you will need an industrial license.
Holding License: Similarly, a holding license is suitable for companies that wish to hold assets, investments, or shares in other companies within the UAE or abroad.
Freelancer Permit: SHAMS also offers a freelance permit, which is suitable for individual professionals and freelancers working in the media, creative, or other related industries.
How much does it cost to get a License in SHAMS Free Zone?
The approximate cost for obtaining a business license in Shams Free Zone can range from 10,000 AED to 25,000 AED or more, depending on the license type and the specific business activity. Please note that it is just a rough estimate. Hence, contact Business Diaries for the exact costs of setting up a business. Our dedication and commitment to your success set us apart, and our vast network of contacts and resources provides you with a competitive edge.
Benefits of Setting up a Business in SHAMS Free Zone
Here are the key benefits of setting up a business in SHAMS:
100% foreign ownership
Tax-free surroundings
Complete profit repatriation
Unrestricted currency flow
Modern infrastructure and facilities
Strategic location in Sharjah, UAE
Also, Business-friendly regulations and procedures
A diverse range of license options for different industries
Access to a supportive business community and networking opportunities
Lastly, proximity to Dubai and other Emirates for business expansion.
Documents Required for Business Setup in Sharjah Media City (SHAMS) Free Zone
Here are the documents required for business setup in SHAMS Free Zone:
Application Form
Passport Copies (of shareholders, directors, and appointed manager)
Visa Page Copies (of shareholders, directors, and appointed manager)
Proof of Address
Business Plan
No Objection Certificate (NOC) (if applicable)
Also, Board Resolution (if applicable)
Specimen Signature (of shareholders, directors, and appointed manager)
Power of Attorney (if applicable)
Frequently Asked Questions
What types of businesses can be set up in Shams Free Zone?
Shams Free Zone caters to media, creative, technology, and service-based industries.
Can I apply for a freelancer permit in Shams Free Zone?
Yes, Shams Free Zone offers freelancer permits for individual professionals in various creative fields.
What support services does Shams Free Zone provide to businesses?
SHAMS offers visa processing, legal assistance, business consulting, networking events, and more.
Does Shams Free Zone provide support for opening bank accounts?
Yes, SHAMS assists businesses in opening bank accounts with various local and international banks.