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SHAMS Free Zone, also known as Sharjah Media City, is a free zone located in the heart of Sharjah, United Arab Emirates. This free zone is specifically tailored for media and digital businesses and offers a range of benefits and incentives for entrepreneurs looking to establish their presence in the region.
From state-of-the-art facilities to networking opportunities and a supportive business environment, SHAMS provides the ideal platform for companies looking to grow and thrive in the media industry.
One important aspect to consider when setting up a business at SHAMS is understanding the Shams free zone license costs involved. These costs can vary depending on the type of business activity and the size of the company. By having a clear understanding of the license costs, businesses can effectively plan their budget and ensure they are compliant with the regulations set forth by SHAMS Free Zone.
So, let’s explore the benefits of setting up a business at SHAMS Free Zone, the process, and the costs involved so you make informed decisions for your business setup.
SHAMS Free Zone, also referred to as Sharjah Media City, is a free zone located in the emirate of Sharjah, United Arab Emirates (UAE). It’s designed to attract businesses in the media and technology sectors by providing a tax-friendly and supportive environment.
If you’re an entrepreneur or business owner looking to set up a media or tech company in the UAE, SHAMS Free Zone could be a good option to consider.
There are several advantages to acquiring a license from the SHAMS Free Zone:
SHAMS offers various license options that can be tailored to your specific business activities. This allows you to choose a license that perfectly suits your needs, whether you’re involved in trading, services, or light-industrial operations.
One of the primary advantages is that SHAMS allows for 100% foreign ownership of businesses. This means that entrepreneurs and investors can retain full control over their ventures without the need for a local sponsor.
The process of obtaining a license from SHAMS is known for being quick and hassle-free. This facilitates a faster business setup to allow you to get your company up and running sooner.
SHAMS provides modern infrastructure and facilities, including office spaces, coworking spaces, and advanced telecommunication services, to support businesses across various industries.
SHAMS Free Zone provides a tax-free environment which allows businesses to enjoy profits without the burden of corporate or personal income taxes.
Businesses operating in the SHAMS Free Zone have access to a range of support services, including business consultancy, legal assistance, visa processing, and networking opportunities.
SHAMS Free Zone offers several license categories to suit various business activities:
This license permits you to import, export, and trade goods within the free zone and beyond. It also covers activities like wholesale, retail, and related services.
This license is ideal for businesses offering professional services that rely on expertise and skills. It caters to a broad range of service-based activities.
This license is designed for businesses involved in light manufacturing, production, or assembly operations. It caters to companies working with smaller-scale industrial processes.
This license is for companies that intend to function as holding companies or own shares in other businesses within the free zone.
Obtaining a SHAMS Free Zone License involves several steps, including:
Decide on the type of business activity you want to conduct within the SHAMS Free Zone. SHAMS offers a wide range of business activities across various sectors, including media, technology, consultancy, trading, and more.
SHAMS free zone license cost can vary depending on your chosen business activity and the license required.
Decide on the legal structure that best suits your business needs. Options include Free Zone Limited Liability Company (FZ-LLC), a Branch of a Foreign Company, or a Freelancer Permit. Each structure has implications for ownership, liability, and other aspects.
Select a unique and appropriate trade name that reflects your business and complies with SHAMS’ naming guidelines. You can then check for availability and reserve your chosen name.
Gather the necessary documents for your license application. Typical documents include:
Complete the license application form provided by SHAMS Free Zone. Ensure that all information provided is accurate and up-to-date.
Once you have submitted your application and paid the necessary fees, SHAMS Free Zone will review your application. This process typically takes a few days to a couple of weeks. If everything is in order, you’ll receive approval to proceed with the business setup.
Once approved, lease office space within the SHAMS Free Zone. This is typically a mandatory requirement for obtaining a business license.
If you require visas for yourself, employees, or dependents, you can initiate visa processing through SHAMS Free Zone.
Consider consulting with a Shuraa business setup specialist. They can guide you through the process, ensure you meet all requirements, and potentially expedite the application process.
SHAMS free zone license costs generally start from AED 5,750*. However, the overall cost of your SHAMS license can vary depending on several factors, including:
SHAMS offers pre-designed packages that bundle license fees, visa quotas (if needed), and other basic services. These packages generally range from AED 7000 to AED 10,000 for a media package or for standard packages, without visas.
There will also be renewal fees associated with maintaining your SHAMS license each year.
We highly recommend consulting Freezone business setup experts at Shuraa for the latest and actual SHAMS Free Zone license cost and assistance with the application process.
When considering the costs associated with obtaining a SHAMS free zone license, it is crucial to prioritize budgeting and planning. While SHAMS offers competitive licensing costs, it’s crucial to carefully consider the factors that influence the final price.
For the most accurate cost estimates and a smooth license acquisition process, consider partnering with Shuraa Business Setup. Our expertise in Sharjah Freezone regulations and business setup procedures can ensure a cost-effective and efficient journey for your entrepreneurial endeavours.
So, get in touch today for a free consultation from one of our experienced business setup consultants in the UAE.
Shuraa Business Setup is a leading provider of company formation services in the UAE.
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