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

Why MARKEF ?

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.

Talk To Our Business Setup Expert

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!

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Business Setup in SHAMS Free Zone

SHAMS - Sharjah Media City Free zone