Sharjah Media City Freezone (SHAMS)

Shape the future of your business with Sharjah media city or SHAMS. The freezone was established in January 2016 by the supreme council member and ruler of Sharjah, His Highness Dr Shaikh Sultan Bin Mohammad Al Qasimi by virtue of Emiri decree, no 10 of 2016. SHAMS or Sharjah media city freezone is located in the emirate of Sharjah, popularly known as the cultural capital of UAE. Sharjah media city was launched in the year 2017 with a vision to accompany media and creativity in the region. It has a unique mission to inspire business growth with creative entrepreneurship in the region. The SHAMS community provides a vibrant eco-system with great innovation where people live, learn and co-create. We can help you with company setup in SHAMS.

SHAMS services set a benchmark for people who wish to launch their business with specialized facilities for creative media industries. Sharjah media city is a world-class free zone specifically designed to accommodate innovation. SHAMS is a dynamic initiative that assure strong connection with talented individuals. Facilities in Sharjah media city attract entrepreneurs providing smart services coupled with holistic community centered approach. Although free zone is governed by the laws of the UAE and Sharjah, it has a legal independence over licensing and media regulations. SHAMS support localized content and motivate entrepreneurial talent within the deserving community.
Business operations in the freezone requires a minimum share capital of AED 100,000 for all the business entities based in SHAMS but it’s optional as well. If you prefer to have share capital, then SHAMS will provide a bank letter to open bank account in the name of proposed business entity. Once, license is issued, utilize the capital amount for operational purposes. While choosing the capital option, the incorporation process may go longer.

In certain cases, a manager needs to be appointed who requires a resident visa of the company under the sponsorship of free zone authority. To validate the visa, the manager should enter the country at least once in six months.

 

Freezone Locations

  • RAKEZ

  • DMCC

  • DIFC Free Zone

  • Sharjah Media City

  • Masdar City Free Zone

  • SRTIP Free Zone

  • Ajman Media City

  • Sharjah Publishing City

  • DWTC

  • JAFZA

  • IFZA DSO

  • SAIF Zone

  • Fujairah Creative City

Benefits of Company Setup in SHAMS

  • Allow allocation of up to 6 visas on shared desk facility

  • They don’t require initial deposits

  • Get investor visas with no age limitations

  • Get the ability to appoint corporate directors

  • The companies will have limited liability

  • Get 100% repatriation of profits and capital

  • Get complete foreign ownership

  • Free from corporate or personal tax

  • Strategically located, 5 minutes from Sharjah Airport and 25 minutes from Dubai airport.

Legal Structure Options in DIFC Free Zone

General partnership

Limited Liability Partnership (LLP)

Limited Partnership (LP)

Limited Liability Company (LLC)

Branch of a Foreign Company

Company limited by shares (LTD)

Facilities in Sharjah Media City (SHAMS)

Sharjah Media City provides four facility options including shared desk, dedicated office, dedicated desk, and shared office space designed to serve clients. SHAMS community caters their needs and requirements, once the community is developed.

Having a shared workplace facilitates co-working environment in SHAMS. It’s a great option for start-ups where they interact with other like-minded people. Shared workspace foster collaboration!

Features of Company Setup in SHAMS

  • Sharjah media city can be incorporated with one or maximum 50 shareholders

  • The shareholder can be either individual or corporate entity

  • Capital requirement for SHAMS LLC is around AED 100,000. The capital contributed for SHAMS LLC can be used to run their operations. Initial deposit of capital amount is optional.

  • Sharjah media city LLC need not file its audited annual accounts to the free zone authority.

  • The companies in SHAMS LLC are regulated by the rules and regulations of the free zone authority.

We Work Closely With All Government Agencies

We’re always on the same page with government agencies, working together to get the job done!

Frequently Asked Questions About Emna Capital

Here are some common questions we receive about our financial solutions

What type of UAE companies can I start?

The UAE allows you to set up your business in the free zone, offshore or Business setup in mainland requires a local sponsor and the license is issued by DED. Free zone companies can operate within a limited geographical region and the license is issued by particular free zone authority.

Offshore businesses in UAE allow your company to trade outside UAE as well as take efforts to safeguard your wealth and assets. Offshore companies get a certificate of incorporation and not a trade license. All types of companies can be started in UAE and more than a thousand activities are allowed by the Economic Department.

How to renew my business license in the mainland?

If you want to renew your Dubai commercial license, the applicant should submit the DED registered certificate with the necessary approval from the Ministry of Economy and National Media Company. If you want to renew your Dubai trade license, then you should submit a valid Ejari certificate and other lease contracts.

Emna Capital supports entrepreneurs in obtaining their business license in Dubai and timely renewal of the same.

Why should I start my company in UAE?

UAE is a perfectly located biggest market of the world. It serves as a perfect destination to invest in different kinds of business. The business owners are free from taxes and they can expect exceptional logistics in all the emirates. You don’t have any capital restrictions while starting your business. Financial freedom is an attractive point that brings in employees from foreign districts.

UAE has mind-blowing business opportunities; business setup Consultant in UAE can guide you through the entire company formation process!

How long will it take to setup a free zone company?

Being a trustworthy and professional business consultant, we ensure fast and reliable business setup in free zones. Usually, it takes around 3 to 10 days to setup your free zone company; it may differ according to the selected free zone. We make sure that all your documents are legal and concerned authorities have attested them.

If you’re not consulting a business consultant, it will take up to few weeks and it’s becomes difficult to clear all the legal procedures. So, consider Emna Capital for your free zone business setup!

How to start an LLC company in UAE?

To establish your LLC Company in Dubai mainland or anywhere else in UAE, you have to reserve a trade name and other necessary preliminary approvals from concerned authorities. You get an MOA from the company and also, submit the lease contract to the licensing authority. Also, find a local partner and rented office space to start your business.

What kind of company structure should I choose?

This depends on your needs, as well as the needs of your business. You could set up your company as a Sole Establishment (this is the same as a Sole Proprietorship), as a Limited Liability Partnership, a Limited Liability Company, a Private Limited Company, or a Professional Services Company.

You also have the option of setting up your company on the mainland, in a free zone (only limited liability company structures are permitted here), or offshore.

Do I need to rent an office for my business?

A physical presence is mandatory for companies established on the mainland and in free zones. However, an offshore company is not permitted to lease office space in the UAE.

The good news is that there is affordable office space for everyone. If you want to keep your initial costs down, you could look at renting an office or any number of dedicated desks in a co-working space on the mainland. These are all fully furnished and ready to move in. In a free zone, you need to rent at least a desk in a shared office space. The added advantage is the some free zones allow you rent a flexi-desk, that is a desk you will be using for say, ten hours in a week. You still get your dedicated PO Box so that you have a unique address.

How to identify the best business setup consultants in Dubai?

To identify the best business setup consultants in Dubai, look for the following parameters:

Expertise: Professionals and industry experts can customize your experience according to your requirements.
Local Knowledge: Consultants who have worked with the local rules and regulations and made businesses thrive are the best to go after for your needs.
Quick & Effective: Fast setup with effective and comprehensive solutions make the process hassle-free.
Emna Capital is a superbrand known for the three parameters.