About Sharjah Media City Free zone
Sharjah Media City Free zone is the fastest growing free zone in the UAE. It was launched in 2017 for the express purpose of promoting creative and media related businesses in the area. Shams is also renowned for promoting startups, freelancers, and SMEs in the creative, media and technology field. Its aim is to make creative entrepreneurship accessible to all and has many lucrative company set up options for startups and new businesses.
Why Choose Sharjah Media City Free zone
A range of business activities available
No NOC required to start a business
Low company set up costs to encourage entrepreneurs and startups
Allows 100% foreign recruitment
Corporate and income tax exemptions
A range of office solutions such as shared desk, dedicated desk, shared office, and dedicated desk.
Type of licenses for SHAMS company formation
1. Trading License – Allows the import, export, and distribution of goods
2. Service License – Allows companies to provide services as their primary activity
3. Industrial License – Is required for the manufacturing and production of goods
Types of business structures
Limited Liability Company
- Can have multiple shareholder who are liable to the extent of their share
- Branch of a local or foreign company
- Same business activity as the parent company
SHAMS company set up in 3 easy steps
At LegalWorks we will assist you in every step of the Shams company formation process from the documentation collection for initial approval to payment of registration and license fees. We hope to make the entire process easy and straightforward for you.
1. Choose your business structure
The first step in forming your company is determining the business license and structure. Our team of specialists will take you step by step through these initial procedures of the incorporation process. We will assist you in determining the license you require according to your business activity and the company structure best suited to your needs. Once this is decided we will help you select and register the company tradename with the free zone authority.
2. Submit your online application
Once you have completed the initial procedures, the license registration process for Shams company set up can begin, and the required documents submitted. The documents needed for the license include Memorandum and Articles of Association, certificate of incorporation, Emirates ID, and passport copies. Companies must also pay a license registration fee that is dependent on the type of company being set up.
3. Payment and collection of license
Our team will assist you in the payment of the license fees. The cost of a business license in Sharjah Media City is AED 11,000 for a year. Once the payment is processed you will receive your license and can begin running your business.
SHAMS free zone company set up includes post licensing services as well. Once you have received your license, the next step is to start the visa process and rent an office space for your newly formed company. There are many different types of office spaces available to companies in Shams free zone. The type of working spaces includes dedicated desk, shared desk, dedicated office, and shared office. The cost of renting the office space varies with the type of facility a company chooses for example a shared desk costs AED 3675 per year. Our team can take you through all office options available and help you choose the right one for your company and number of employees.
Cost of company set up
Team up with LegalWorks for Sharjah Media City free zone company formation to avail the best Shams has to offer.
|Registration fee||AED 2355|
|License cost||AED 11,000|
|Establishment card||AED 1575|
|Employment visa||AED 3234|
|Investor visa||AED 3675|
|Medical Test, Emirates ID & Photo||AED 1250|
|Health insurance||AED 1560|