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.