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Business Setup in SHAMS Free Zone

SHAMS - Sharjah Media City Free zone

SHAMS Free Zone or Sharjah Media City is one of the newly launched free zones in the Sharjah Emirate in the first quarter of 2017. Shams Free zone is located in the Emirate of Sharjah, and Sharjah is servicing business, tourism, and brilliant individuals with world-class infrastructure. It is a hub for innovation in Media and the digital world and also a very economical option. A company in SHAMS free zone can be established from just AED 5,750

SHAMS Free Zone allows the youngest age of the company shareholders you can own a business starting from the age of 19. This is a great benefit not available in any other Free Zones. Company employees can be as young as 18 years old, which is also quite unusual in comparison to other Free Zones. All the documents of the companies are electronic you can print them out anywhere and may not worry about losing the originals. The documents can be always verified through the SHAMS website to make sure they are authentic.

Business Setup in SHAMS Free Zone

SHAMS Free Zone is providing almost all those services which are normally available in all other UAE free zones. They are offering the best license and business activities which is very interesting to those individuals who are going to start their business in the Free Zone.

Types of companies in Shams Free Zone

  • SHAMS LLC Company Formation
  • SHAMS Branch Company Setup

Types of Licenses in SHAMS Free Zone

Four licenses are available in the Shams Free Zone, with the option to invest in trading, service, industrial or holding license, depending on the requirements of the business.

1. Service License

It allows for production, re-production, transformation, and distribution of services. Service license includes rendering services as a primary objective and utilizing goods to provide them.

2. Industrial License

Manufacturing, re-production, transformation, and production are all possible. Your business could involve the production, re-production, transformation, and manufacturing of goods.

3. Trading License

It allows selling goods within Shams or importing and exporting goods. It includes the movement of goods, wholesale and retail sale of goods, and rendering of services related to the sale of these goods. Wholesaling and retailing are the final steps in the distribution of goods.

4. Holding License

 It allows holding standalone assets and/or stakes in other companies. You would require a holding company for the purpose of controlling other companies (i.e.), property such as real estate, patents, trademarks, stock, and other assets.

Benefits of SHAMS Free Zone Company

  • 100% exemption from tax and duties & foreign ownership, no restriction on repatriation of capital, free transfer of funds
  • The physical presence of the company owner is not required for registration of a company in Shams free zone
  • The whole procedure is quick and simple thanks to the utilization of the latest technology
  • Exclusive advantages available for the formation of media and related industries
  • SHAMS free zone is one of the most cost-effective free zones in the UAE.
  • Documentation process can be completed in just two days
  • No need for the annual audit and paid-up share capital
  • Hiring foreign employees is allowed
  • Allows opening for corporate bank account.

Documents Required For SHAMS Business Setup

For Sharjah media free zone company setup, the entrepreneur requires submitting a set of documents to the concerned authorities. Any discrepancy in documents will lead to delays and additional expenses.

Documents

LLC

(Individual shareholder)

LLC

(Corporate Shareholder)

Branch

Certificate of Incorporation

Not Required

Required

Required

Memorandum & Articles of association

Not Required

Required

Required

Board resolution to establish a new company

Not Required

Required

Not Required

Board resolution to establish a new branch

Not Required

Required

Not Required

Certificate of good standing, valid trade license

Not Required

Required

Required

Board resolution giving signatory authorization or Power of attorney for the third party

Required

Required

Required

Requirements of Setting up a Company in SHAMS

  • All documents must be attested and approved from relevant authorities
  • Branch Company has to produce documents of its parent company
  • There are various departments for business formation and approval from all these departments is necessary Companies related to media industry are preferred but other businesses are also allowed to establish
  • We provide comprehensive services for company establishment in Shams Free Zone
  • Due to our wide experience, we are completely aware of all the procedure for approval from relevant authorities
  • We will assist companies in accomplishing all types of legal tasks during and after registration of company.

Are you excited to learn more about SHAMS Free Zone Company Formation? The Sharjah Media City Free Zone is a great location to Setup your business in Dubai. It offers 100% foreign ownership, no taxes, and a wide range of services, making it an excellent choice for enterprises of all sizes. For more information on company formation at the SHAMS Free Zone please contact MARKEF today!