Sharjah Media City Freezone
(SHAMS)

Prices starting fromAED 5,750

Shape the future of your business with Sharjah media city or SHAMS. The freezone was established in January 2016 by the supreme council member and ruler of Sharjah, His Highness Dr Shaikh Sultan Bin Mohammad Al Qasimi by virtue of Emiri decree, no 10 of 2016. SHAMS or Sharjah media city freezone is located in the emirate of Sharjah, popularly known as the cultural capital of UAE. Sharjah media city was launched in the year 2017 with a vision to accompany media and creativity in the region. It has a unique mission to inspire business growth with creative entrepreneurship in the region. The SHAMS community provides a vibrant eco-system with great innovation where people live, learn and co-create. We can help you with company setup in SHAMS.

SHAMS services set a benchmark for people who wish to launch their business with specialized facilities for creative media industries. Sharjah media city is a world-class free zone specifically designed to accommodate innovation. SHAMS is a dynamic initiative that assure strong connection with talented individuals. Facilities in Sharjah media city attract entrepreneurs providing smart services coupled with holistic community centered approach. Although free zone is governed by the laws of the UAE and Sharjah, it has a legal independence over licensing and media regulations. SHAMS support localized content and motivate entrepreneurial talent within the deserving community.

Business operations in the freezone requires a minimum share capital of AED 100,000 for all the business entities based in SHAMS but it’s optional as well. If you prefer to have share capital, then SHAMS will provide a bank letter to open bank account in the name of proposed business entity. Once, license is issued, utilize the capital amount for operational purposes. While choosing the capital option, the incorporation process may go longer.

In certain cases, a manager needs to be appointed who requires a resident visa of the company under the sponsorship of free zone authority. To validate the visa, the manager should enter the country at least once in six months.

Benefits of Company Setup in SHAMS

Allow allocation of up to 6 visas on shared desk facility
They don’t require initial deposits
Get investor visas with no age limitations
Get the ability to appoint corporate directors
The companies will have limited liability
Get 100% repatriation of profits and capital
Get complete foreign ownership
Free from corporate or personal tax
Strategically located, 5 minutes from Sharjah Airport and 25 minutes from Dubai airport.

Facilities in Sharjah Media City (SHAMS)

Sharjah Media City provides four facility options including shared desk, dedicated office, dedicated desk, and shared office space designed to serve clients. SHAMS community caters their needs and requirements, once the community is developed.

Having a shared workplace facilitates co-working environment in SHAMS. It’s a great option for start-ups where they interact with other like-minded people. Shared workspace foster collaboration!

Structuring of Business Operations in the Freezones

The business operations in a Free Zone can be structured in either one of the following ways:

SHAMS LLC
(with one or up to
50 shareholders)

Part or branch
of a foreign
company

Part of a locally
incorporated
company

Features of Company Setup in SHAMS

Sharjah media city can be incorporated with one or maximum 50 shareholders
The shareholder can be either individual or corporate entity
Capital requirement for SHAMS LLC is around AED 100,000. The capital contributed for SHAMS LLC can be used to run their operations. Initial deposit of capital amount is optional.
Sharjah media city LLC need not file its audited annual accounts to the free zone authority.
The companies in SHAMS LLC are regulated by the rules and regulations of the free zone authority.

Features of Branch Office

Branch is usually an extension of the parent company
They don’t require any minimum capital
The audited financials are not required to be submitted to the FZ authority.
The branch office has no special implementation rules and regulations in the free zone.
The branch requires only a single manager

Sharjah media city freezone aims to build an innovative business hub for media industry. It supports a wide range of businesses who wish to embark in their entrepreneurial journey in UAE. Get a creative workspace in Sharjah media city to foster your business requirements!