Business Setup in Shams – Sharjah Media City Free Zone

Sharjah Media City Company Formation - Shams
sharjah media city license

Realize your aspirations of a company formation in the UAE with Shams media city company setup! Shams offers a complete solution for business setup in UAE Sharjah with highly experienced, adept and trustworthy services for SMEs, established companies and freelancers.

Established in January 2017, Sharjah Media City (Shams) is a world-class hub for media and creativity in UAE. The Shams community is a passion-driven organization to let transformation create co-existing business opportunities. As a 2 million m2 multi-use media city, Shams has helped numerous creative and media industries that strive for business setup in UAE.

A community-oriented perspective inspires Shams’s pioneering services. New startups, SMEs and established companies can benefit from its revolutionary mission of making creative entrepreneurship accessible locally and globally. Sharjah Media City company formation initiates strong bonds with business enthusiasts. As a progressive community with a productive mindset, Shams has successfully become one of the leading free zone in UAE.

With Shams Media City’s reliable services, businesses are benefited with:

  • Complete foreign ownership,
  • 100% capital repatriation,
  • Absolute tax relief (personal income tax, service tax, import & export tax),
  • Possible exemption from corporate tax subject to meeting requirements
  • Easy and quick company formation in UAE
  • Economical licensing
Key Information on Sharjah Media City Company Setup:

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

Sharjah Media City License:

Industrial/Commercial trading/General trading/Service & Holding License

Type of entities:

LLC (Limited Liabilities Company) and Branch

Shareholder:

Shareholders for Sharjah Media City Free Zone (Shams) company can be individuals or corporate entities (maximum 50)

Director:

Individuals only

Share capital:

AED 100,000/- (100 shares of AED 1,000/- each) for Shams LLC Setup and AED Nil/- in the case of the Branch office. (Required to be deposited in a bank before or after company incorporation).

Note that shares are deemed to be issued on company incorporation irrespective of whether share capital is deposited in the bank pre or post-incorporation.

Audit:

No audit report is required with Shams.

Estimated time:

3-5 working days to trade the company’s license and register a company in Shams (Sharjah Media City Free Zone).

Another 7-10 working days for an immigration card, subject to security clearance & thereafter visa may take approximately 7-10 working days normally.

Sharjah Media City Company Setup Process:

  • Step1: Identify the legal form of the company to be registered in Shams.
  • Step2: Select an activity from the Shams activity list.
  • Step3: Apply for name and initial approval.
  • Step4: Payment of fees related to Shams business setup.
  • Step5: Sign Shams company registration and incorporation documents.
  • Step6: Apply for Shams residence visa.

Required Documents for Registration:

The documents required for business set up in Shams (Sharjah Media City Free Zone) depend on whether a shareholder is an individual or corporate entity. The basic requirements are:

  • Color copy of passport of shareholder/director/manager
  • Color copy of UAE residence visa & emirates id of shareholder/director/manager
  • Utility bill copy of shareholder/director/manager

Company Formation Cost in Shams:

Shams Company Setup begins from AED 6,510/-.

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

Other Information on Sharjah Media City Company Formation:

  1. Document to be legalized with UAE Embassy in case of corporate shareholder
  2. Company Immigration/Establishment card to be renewed every three years
  3. Investors who have family status UAE visa should have a share capital of AED 75,000/- and to be eligible for an Owner/Investor/Partner visa, should have a share capital of AED 60,000/-

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 the best business setup consultant, please contact 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.

GBSOur Office
Organically grow the holistic world view of disruptive innovation via empowerment.
+971 4 4471803
OUR LOCATIONWhere to find us?
For company formation and company incorporation services please contact us at our mailing address:

Office No.12A-06,
13th floor HDS Tower,
Plot No. F2,
Jumeirah Lakes Towers,
Post Box 309074,
Dubai (U.A.E)

GET IN TOUCHGBS Social links
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GBSOur Office
Organically grow the holistic world view of disruptive innovation via empowerment.
+971 4 4471803
OUR LOCATIONWhere to find us?
For company formation and company incorporation services please contact us at our mailing address:

Office No.12A-06,
13th floor HDS Tower,
Plot No. F2,
Jumeirah Lakes Towers,
Post Box 309074,
Dubai (U.A.E)

QUICK LINKSOur Services
GET IN TOUCHGBS Social links
Taking seamless key performance indicators offline to maximise the long tail.
https://www.gbsei.com/wp-content/uploads/2020/10/Quality-1.png

Copyright © 2020 Global Business Services.

Copyright © 2020 Global Business Services.

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