Thu. May 23rd, 2024

Sharjah Media City (SHAMS)

By Admin May14,2024
Sharjah Media City

Sharjah Media City (SHAMS) Free Zone has quickly emerged as one of the most sought-after free zones in the United Arab Emirates. Despite being a relatively recent addition to the nation’s free zone landscape, SHAMS has become a hub for entrepreneurs in the media and arts sectors since its establishment in 2017. The management of SHAMS has strategically aligned its objectives to support the growth and expansion of media and creative enterprises within its jurisdiction.

Sharjah Media City Free Zone – SHAMS provides a comprehensive infrastructure tailored to foster the development of new media and creative ventures in the UAE. Its strategic location near both Dubai International Airport and Sharjah International Airport enhances accessibility and connectivity for businesses operating within the free zone, facilitating smoother operations and logistics.

Benefits of Establishing a Company in SHAMS Free Zone:

1. Easy Visa Processing: Streamlined procedures for visa issuance facilitate the recruitment of talent from around the world.

2. No Initial Deposit Requirements: Elimination of upfront deposit obligations reduces financial barriers to entry for entrepreneurs.

3. 100% Foreign Ownership: Complete ownership autonomy empowers foreign investors to retain full control over their ventures.

4. Complete Capital Repatriation: Freedom to repatriate capital ensures flexibility in financial management and investment strategies.

5. Affordability: SHAMS ranks among the most cost-effective free zones, offering competitive pricing for business setup and operation.

6. Strategic Location: Proximity to Sharjah and Dubai airports enhances accessibility and connectivity, facilitating logistics and international business transactions.

7. Easy Business Setup Procedure: Simplified processes expedite company formation, saving time and resources for entrepreneurs.

8. Multiple Business Activities under a Single License: Flexibility to conduct diverse business activities under a single license optimizes operational efficiency and convenience.

9. No Physical Presence Required: Absence of mandatory physical presence allows for remote management and operation, facilitating global business engagement.

 Characteristics of Business Formation in SHAMS:

1. Shareholder Flexibility: Companies can be formed with one to fifty shareholders, accommodating varying business structures.

2. Regulatory Compliance: Adherence to free zone authority regulations ensures legal compliance and operational integrity.

3. Exemption from Annual Audits: Relief from annual audit obligations reduces administrative burdens for businesses.

4. Branch Office Extension: Branch offices serve as extensions of parent companies, enabling seamless expansion and operation.

5. No Minimum Capital Requirement: Absence of minimum capital requirements fosters accessibility and flexibility for startups and small businesses.

6. No Financial Audit Submission Requirement: Elimination of financial audit submissions simplifies reporting obligations for companies.

7. Streamlined Implementation: Absence of unique implementation guidelines or requirements streamlines the setup process for branch offices.

Furthermore, SHAMS Free Zone offers two company formation options: Limited Liability Company (LLC) and Branch Company, catering to diverse business needs. Various types of trade licenses are available, including industrial, trading, service, holding, freelance, and e-commerce licenses, accommodating a wide range of business activities.

Workspace features at SHAMS include flexi-desks, dedicated desks, joint offices, and specialized offices, providing flexible options tailored to different business requirements. Additionally, the online registration process allows companies to register and complete setup within a week, regardless of their location.

By Admin

Related Post

Leave a Reply

Your email address will not be published. Required fields are marked *