Sharjah Media City free zone (SHAMS), is one of the fastest growing free zones in the UAE which was launched in 2017. And, Shams free zone is in close proximity to Sharjah International Airport and Dubai International Airport.
Sharjah Media City free zone offers pocket-friendly resources for businesses in all stages, from startups to large multinational companies. The free zone is home to over 200 business activities from accountancy to wholesale.
Why Shams ?
Sharjah Media City Free Zone (SHAMS) offers smart innovative services for aspiring startups and SMEs, as well as established companies or corporations. It acts as a catalyst for creative and media businesses to grow and thrive. Aiming to be a world-class media hub for innovative facilities and services, Shams covers a wide range of business activities available for those wishing to embark on their entrepreneurial journey in the UAE. Shams is a dynamic initiative, a forward-thinking and holistic community with the aim of making creative entrepreneurship accessible to all.
Benefits of business setup in SHAMS:
The various benefits of Shams business setup include:
- 100% foreign ownership permitted
- 0% corporate or personal income tax
- 100% repatriation of capital and profits
- Cost effective business setup
- Allocation of up to 6 visas on a shared desk facility
- Quick and simple online registration process
- Wide range of business activities available on the same business license
- Shareholders are not required to be physically present in the UAE for the incorporation,.
Types Licenses in SHAMS :
Shams offers over 120 business activities to choose from and provides you the flexibility to combine different activities on the same license.
There are various types of licenses offered in Shams free zone. These include:
- Services and consultancy license
This involves production, re-production and distribution of services, i.e. restaurants, media productions, etc.
- Trading license :
This license allows a company to sell, import and export goods. On this license, a company can wholesale or retail sale goods and can even provide services related to sale of the concerned goods.
- Industrial license :
This license permits companies to produce, re-produce, transform and manufacture goods.
Types of Companies in SHAMS :
Shams recognizes incorporation of the following types of companies:
- Limited Liability Company (LLC)
A Shams limited liability company (LLC) is an independent entity whereby the company structure separates the owners and shareholders from the company. Hence the liabilities of the company, whether arising in contract or otherwise, are the company’s liabilities and not the personal liabilities of the shareholders. Equally the company’s assets are the company’s assets and not the personal assets of the shareholders.
- Branch
Shams allows pre-existing companies to open a branch in the free zone. For the purposes of profits, gains, returns, expenses, debts and liabilities the identity of the branch is considered unified with the identity of the parent company.
Office Space in SHAMS :
Shams will provide three facility options in addition to the currently available shared desk facility. Shams facilities will be designed to serve clients and cater to their needs and requirements. All office spaces will provide access to Wi-Fi, a printer and a meeting room.
- Dedicated Desk
A dedicated desk is an assigned space for individuals wishing to run their business close to like-minded entrepreneurs.
- Shared Desk
A shared desk is a common space shared by creative entrepreneurs. It’s ideal for today’s entrepreneurs seeking flexible space and networking opportunities.
- Dedicated Office
A dedicated office is an assigned lockable office space used on an individual basis. Depending on the company’s needs, dedicated offices can contain a single desk or group desks.
- Shared Office
A shared office facility allows companies registered within Shams to network, creating more opportunities for businesses.
FOR MORE INFORMATION, CONTACT US :
Phone : +971 52 1952 532 / +971 4 240 1110
Mail-Id : info@yugaaccounting.com
Website : www.yugaaccounting.com