Shams was launched in January 2017, with a vision to be a world-class hub for media and creativity in the region. The Shams community fosters a vibrant ecosystem for innovation to live, learn and co-create. 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.
Shams offers smart innovative services, coupled with a holistic community-centered approach. Its 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, Shams inspires and shape our world and celebrate our many successes; both individually and as a group.
Major Benefits of Company Formation in Shams (Sharjah Media City Free Zone):
Location:
Sharjah Media City Free Zone, University Road, Sharjah, (U.A.E.)
Proposed activity:
Manufacturing/Trading/Service and Media related activities can be carried out in Shams.
License available:
Industrial/Commercial trading/General trading, Service & Holding license are available options for Sharjah Media City Free Zone (Shams).
Type of entities:
LLC (Limited Liabilities Company) and Branch
Shareholder:
Shareholder for Sharjah Media City Free Zone (Shams) Company can be Individuals or Corporate entity (maximum 50)
Director:
Individuals only (Minimum one. Shareholder can also be Director)
Share capital:
AED 100,000/- (100 shares of AED 1,000/- each) for Shams LLC Setup and AED Nil/- in case of Branch office. (Required to be deposited in bank before or after company incorporation)
Do note that shares are deemed to be issued on company incorporation irrespective of whether share capital is deposited in bank pre or post incorporation.
Audit:
Audit report is not required to be filed with Shams.
Estimated time:
3 – 5 working days to trade license of the company and register a company in Shams (Sharjah Media City Free Zone)
Another 7-10 working days for immigration card subject to security clearance & thereafter visa may take approximately 7-10 working days on normal basis.
Shams (Sharjah Media City Free Zone) Company Setup Process:
Documents Required for Shams Company Registration:
The documents required for business set up in Shams (Sharjah Media City Free Zone) depends on whether a shareholder is individual or corporate entity. Basic requirements are
To know more about the complete requirements for company formation in Sharjah Media City Free Zone call us now on 050-8992852 or drop an email to sagar.mehta@gbsei.com
Company Formation Cost in Shams:
Shams Company Setup begins from AED 11,500/-.
Call us now on 050-8992852 or drop an email to sagar.mehta@gbsei.com to know about special promotions/offers related to business setup in Shams.
Other Notes for Shams – Sharjah Media City Free Zone Company Formation:
Global Business Services DMCC has helped many individuals and corporate entities to set up their businesses in Shams. Our company acts as a one stop solution for Shams company incorporation services.
If you are looking for Shams company setup, please get in touch with us for professional assistance
Call us now on 050-8992852 or drop an email to sagar.mehta@gbsei.com to know about special promotions/offers related to business setup in Shams (Sharjah Media City Free Zone).
Whilst every effort has been made to ensure that the details contained herein are correct and up-to-date, it does not constitute legal, tax or other professional advice. We do not accept any responsibility, legal or otherwise, for any errors or omissions.