Sharjah Media City Free zone
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Business Setup in Sharjah
Sharjah Media City, commonly referred to as Shams Free Zone, is an integral part of Sharjah City within the UAE. Established in 2017 by the Sharjah Emirate government, its purpose is to invigorate creative and media enterprises. The overarching goal is to position the city as a hub of media excellence within the UAE.
The regulatory and policy initiatives implemented within the free zone streamline company registration, setup, operation, and service provision, aiming to enhance efficiency and accessibility. So if you are looking for a business setup in Sharjah Media city Free Zone, you have made an astute decision.
Beyond its focus on media and creative industries, Shams Free Zone also accommodates various supporting businesses. The zone boasts innovative facilities designed to facilitate the establishment and growth of companies across diverse sectors. Entrepreneurs have the latitude to innovate, operate, and market their goods and services throughout the Emirate. The favorable tax structure enables businesses to repatriate profits to their home countries.
Licenses Types- Sharjah Media City Free Zone
Shams offers various types of licenses to cater to the needs of different businesses and individuals in the media and creative industries.
Commercial License
This license is suitable for businesses engaged in various commercial activities within the media and creative sectors.
Service License
Businesses offering services within the media and creative industries, such as marketing agencies, advertising firms, and PR companies, can obtain a service license.
Freelancer Permit
Freelancers and solo entrepreneurs in the media and creative fields can obtain a freelancer permit to work legally within Shams.
E-commerce License
Businesses involved in e-commerce and online trading related to media and creative products or services can apply for this license.
Media License
Event management companies and individuals planning to organize events within the media and creative sectors can apply for this license.
Event License
This license is for businesses directly involved in the media industry, including TV and radio production, publishing, and broadcasting.
Production License
This license is for businesses directly involved in the media industry, including TV and radio production, publishing, and broadcasting.
Marketing and Advertising License
Marketing and advertising agencies can apply for this specific license to operate legally in Shams.
Broadcasting License
This license is for businesses involved in television or radio broadcasting.
Publishing License
Companies and individuals engaged in publishing, including book publishing, magazine publishing, and online content publishing, can obtain this license.
Consultancy License
Individuals or companies providing consultancy services within the media and creative industries can apply for this type of license.
Technology and Innovation License
This license is suitable for tech companies and startups focused on media-related innovations and technology development.
Education License
Educational institutions and training centers offering media and creative courses can apply for this license.
E-sports License
Businesses and organizations involved in the e-sports industry can obtain a specialized license for their activities.
Business setup in Sharjah Media City Free Zone - Check the Multitude of Advantages
Shams Free Zone stands out as an exceptionally cost-effective option for company setup in the UAE, combining affordability and a strong reputation. It offers a multitude of advantages for incorporating a company, including:
- Competitive Pricing: Shams offers one of the most economical options for free zone licenses in the UAE.
- Versatile Business Activities: Companies can engage in multiple business activities under a single license.
- Tax-Free Location: Shams is situated in a jurisdiction where taxes are non-existent.
- Zero Corporate Tax: Companies operating within Shams are exempt from corporate taxes.
- Zero Personal Tax: Individuals working for these companies are not subject to personal income tax.
- Repatriation of Capital and Profits: Businesses have the flexibility to repatriate their entire capital and profits.
- 100% Foreign Ownership: Shams allows for full foreign ownership, providing a level of control often sought by investors.
- Streamlined Procedures: The incorporation process is hassle-free and efficiently managed.
- Business Community Engagement: Shams regularly organizes workshops and community sessions, offering its companies opportunities for increased exposure and networking.
- Remote Shareholder Participation: Physical presence in the UAE is not mandatory for shareholders to establish a new company.
- Complimentary Training Sessions: Shams offers free training sessions to support the development of businesses.
- Exhibition Space: Companies within Shams can access free exhibition space at prominent events like GITEX Expo and Seamless Middle East.