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Shams - Sharjah Media City Company Setup - Setup Zone

Shams – Sharjah Media City

As a world-class Free Zone hub for innovation, Shams sets the benchmark for service and support to those wishing to set-up and launch their business with specialized facilities for the creative and media industries.

 

Our mission is to make creative entrepreneurship accessible to all aspiring startups, SMEs and established companies striving to grow their business both locally and globally. Shams is a dynamic initiative that makes a strong connection with the talented individuals it attracts. As a creative forward thinking community, we will inspire and shape our world and celebrate our many successes; both individually and as a group.

 

Shams offers smart innovative services, coupled with a holistic community-centered approach. We place great value on localized content, and actively encourage entrepreneurial talent from within this thriving community.

 

Shams – a Free Zone quintessentially community brand built from within. 

 

WHY SHAMS?

 

  • Company setup options starting from AED 11,500.
  • Physical presence in the UAE not required to incorporate your new company
  • No need of NOC to start your own company
  • No paid up Share capital or Annual Audit
  • 100% foreign ownership
  • 100% repatriation of capital and profits
  • 100% free transfer of funds
  • 100% exemption from import and export duties
  • All documentation issued in 2 days
  • Inexpensive workforce and easy recruitment procedures
  • Vast activities covering Services, trading and Industrial licenses with multiple visas

 

 

Formation

 

Sharjah represents a safe and progressive environment for company formation, offering foreign investors benefits such as zero corporate tax, and no import and export taxes and much more. The UAE as a whole is well recognized the world over as a trading hub, boasting a large non-oil sector contributing to nearly 70% of GDP – 45% of which is contributed by Sharjah’s trading activities. Join the thousands of successful entrepreneurs who have successfully completed the business formation process, and are now part of this thriving community.

 

What is Shams LLC?

Advantages

» Independent operating entity

» Entitled to obtain a license

» Entitled to sponsor employee(s)

» Entitled to open a business bank account

 

A Shams limited liability company (LLC) is an independent entity whereby the company structure separate the owners and shareholders from the company. Hence the liabilities of the company, whether arising in contract or otherwise, are the company’s liabilities and not the personal liabilities of the shareholders. Equally the company’s assets are the company’s asset and not the personal assets of the shareholders.

 

What is a Shams branch?

Advantages

» Entitled to obtain a license

» Entitled to sponsor employee(s)

» Entitled to open a business bank account

 

A Shams branch is an entity belonging to an existing parent company. All profits, benefits, gains and other returns of the branch shall be profits, benefits, gains and other returns of the parent company. Equally, all costs, expenses, debts and other liabilities of the branch are costs, expenses, debts and other liabilities of the parent company.

 

License

Shams License is a permit that allows a company to operate within Shams, Sharjah Media City for specified activities. There are multiple types of license

 

Service License
Advantages –
It allows for production, re-production, transformation, and distribution of services. Service license includes rending services as primary objective and utilizing goods to render a service.

 

Trading License
Selling goods within Shams or importing and exporting of goods. Trade license includes movement of goods, wholesale and retail sale of goods and the rendering of services related to the sale of these goods. Wholesaling and retailing are the final steps in the distribution of goods.

 

Industrial License
Production, re-production, transformation and manufacturing of goods.

 

Setup Zone can assist in setting up your business in Shams – Sharjah Media City. We can aid in all types of company registrations out here, we make it easy for you to start your company.  Setup Zone specializes in taking care of the legal and document clearing side of the process.

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