How to set up a company in Sharjah Media City Free Zone (Shams)

How to set up a company in Sharjah Media City Free Zone (Shams)

All UAE’s free zones serve up a host of benefits – 0% corporate and personal tax, 100% company ownership, 100% repatriation of capital and profits, no currency restrictions, and 100% import and export tax exemption, to name just a few.

As well as the benefits offered above, some Free Zones also boasts world-class facilities and extra advantages. Take Shams, for example: located in Sharjah, it’s a hub for the media, trading and creative industries – and offers a number of specialised business services and facilities to help its inhabitants grow both locally and internationally.

There are a number of steps that need to be undertaken, some complex, some less so. Usually the first thing to do is choose your business activity. From here you’ll need to decide on your company name, complete and file your registration paperwork with the relevant authorities, open a bank account, and apply for any visas that may be required.

However, the specifics of this process will depend on the type of licence you are applying for and the kind of business you wish to run. That’s why before starting any of these steps, the first port of call should always be to a company setup expert who will guide you through every part of the process, ultimately ensuring the entire application requires little more than a few hours of your time.

Setting up your own business has never been easier. We take care of it all so you can focus on what matters – building your business. For more information about company formation in the UAE mainland or free zones contact us.

1. Straightforward setup: Sharjah Media City’s incredibly straightforward two-step setup process makes it hugely popular with businesses of all sizes. Moreover you don’t need to be in the UAE to start the process; not only, even though you’ve never been in UAE you can apply for a company here.

2. Open to a broad range of business activities: Shams is open to a broad range of business activities – over 200 in fact, including bookkeeping, HR, plumbing, publishing, hospitality and wholesale.

3. Flexible office options: As Shams is a relatively new free zone, it currently only offers flexi-desk packages – these allow entrepreneurs use of the free zone’s state-of-the-art business facilities on an ad-hoc basis. A whole free zone city is currently under construction and when complete it will feature a range of physical office spaces as well as studios, showrooms and other creative units. The finished project will also include a residential boulevard, community plaza and a series of restaurants, shops and hotels.

4. Set up with multiple shareholders: While you have the option of applying for a flexi-desk package alone at Shams, you certainly don’t have to. It is possible to establish your business with multiple shareholders – up to a maximum of 50 – which can be either individuals, corporate entities or a combination of the two.

5. Apply for multiple visas: Sharjah Media City’s flexible visa options make it easy for solo entrepreneurs and beyond. Currently under the free zone’s flexi-desk package it is possible to apply for up to six visas, for you, and your shareholders or employees.

6. Easy to sponsor dependants: As well as applying for employee visas, it’s also very straightforward to sponsor your dependants for their visa applications as well. Whether you require a visa for a spouse, child, maid or driver, the process is four straightforward stages: entry permit, status adjustment, a medical fitness test, then Emirates ID registration and visa stamping. 7. Easy to arrange your corporate bank account: Once you’ve received your licence and established your business in Shams, you’re ready to set up your corporate bank account. The application process is quick and simple. Free zone staff can advise on the best bank to suit your needs – and can even arrange meetings in-branch for you, should you wish. A company formation specialist can also provide the same service – or alternatively, you’re welcome to approach any local or international bank on your own.

Setting up in Sharjah Media City

So you’re sold on the benefits of setting up your business in Sharjah Media City – what next?

There are a number of steps that need to be undertaken, some complex, some less so. Usually the first thing to do is choose your business activity. From here you’ll need to decide on your company name, complete and file your registration paperwork with the relevant authorities, open a bank account, and apply for any visas that may be required.

However, the specifics of this process will depend on the type of licence you are applying for and the kind of business you wish to run. That’s why before starting any of these steps, the first port of call should always be to a company setup expert who will guide you through every part of the process, ultimately ensuring the entire application requires little more than a few hours of your time.

Setting up your own business has never been easier. We take care of it all so you can focus on what matters – building your business. For more information about company formation in the UAE mainland or free zones contact us.

New Zealand: New opportunities to start your business

New Zealand: New opportunities to start your business

Nowadays people are increasingly growing to seek a career abroad. This is due to the strong economic crisis in Italy and because in many foreign countries the procedure to achieve this is much easier. If you have to think about the first thing that comes to mind when thinking about New Zealand?

Of course the Middle Land! A young, expanding country, where opportunities to start a business are becoming more and more concrete. It is no coincidence that it is ranked first among the countries in which to take up an activity.

Here nature is at the forefront: eye-catching beaches, emerald lakes, gentle hilly areas and alpine landscapes. Two great islands, the north and the south, long as Italy, New Zealand was the last country to be colonized by the British in the mid-eighties.

So, it appears as a new destination where there is so much to do, so many opportunities.

In the last few years there has been an explosion of the economy: many young and not from all over the world have been fascinated and are moving here to explore the many opportunities this country can offer.

In New Zealand, for example, starting an online business is extremely easy and fast. Bureaucratic times are slim, relationships are based on trust, there is no corruption and above all there is a great demand for professional figures: engineers, architects, doctors, artisans and many more.

99% of New Zealand companies are micro-businesses with less than 10 employees, while large companies are those who export products such as dairy, meat, timber, as well as large multinationals who usually buy local brands and manage them within the group.

An undoubtedly expanding industry is that of software development, with the startup center in Wellington, which has provided many aiding initiatives. This sector, among other things, supported by the state with appropriate fundings, allows you to work for European customers at no cost, as there is no freight transport cost.

Curiosity: last March, 100 talents from all around the world to be taken to Wellington were offered a startup experience and digital business as well as travel expenses.

For Italians interested in this country, the knowledge of English is essential, but they must also enter the kiwi mentality. A preliminary journey could be helpful, as the difference with Europe is huge and not everyone can appreciate it.

Nevertheless, the Italian community today has 4.500 people, relatively between 30 and 40 years.

There are different types of visas, depending on your needs: holiday (9 months), working holiday (12 months), study (up to 4 years), business (12 + 24 months), and many more on the site immigration www.immigration.govt.nz.

On the same site you will also find the list of the most popular professions in the country.
Therefore, if you want to consider alternative to company setup in UAE, your password can be New Zealand...