The UAE’s free zones are world-class business hubs that offer infinite possibilities to overseas investors, innovators, and small businesses from all over the globe. Sharjah Media City (SHAMS) is a vibrant Free Zone in the Emirate of Sharjah. You can apply for a Sharjah Media City free zone license to launch your venture here. In addition, it has seen substantial growth in the creative industry.
Moreover, Shams has developed into a global center for invention, with an international business environment, distinct incentives, and specialized facilities for advertising and digital firms. Furthermore, the free zone is intended to bring together talented individuals with a forward-thinking ecosystem of creative businesses. Shams was established in January 2017 to be an international media and innovation powerhouse in the territory.
Companies, individuals, and innovators in the entertainment, technology, and creative industries can obtain permits from the free zone. Shams is a vibrant program that forges close bonds with the talented people it draws. Shams provides intelligent, creative services from a comprehensive, community-centered perspective. Sharjah is a safe and competitive environment for business establishment, with zero corporate, import, and export taxation, among other incentives.
Benefits of Company Formation in SHAMS Media City Free Zone
-
New Media Amenities
Shams will soon open additional media facilities to become an international press center for innovative thinking. Its goal is to empower talented people and offer greater support to develop a more creative atmosphere.
Shams Media Services, a Shams affiliate, recently announced a strategic alliance with OMNES Media to develop an Influencers Platform. This network will provide an accessible digital marketplace that will allow businesses to contact directly with personalities, both locally and globally, and collaborate with them for their promotion and advertising purposes.
-
Cost-Effective Business Setup
Entrepreneurs wishing to start a new media company can choose from a variety of cost-effective choices provided by Shams. Unlike many other UAE free trade zones, new businesses in Shams must pay the lowest startup costs, starting at AED 11,500.
Shams free zone provides the highest value for money because of the following advantages:
On a single license, you get access to various commercial activities.
- It is a tax-free region
- 100 percent capital and profit repatriation
- 100% foreign ownership
- There are no business or personal taxes
- There are no import or export tariffs
-
Optimized Learning Programs
Shams offers media-focused training and skills to enterprises based in Shams, particularly those involved in the media industry. It provides clients with free photography, filmmaking, and cinematography seminars and retraining. Such on-site training programs are quite beneficial to them.
Media workers can improve their skills and expand their knowledge by attending seminars, training programs, and Q&A sessions hosted by industry leaders from across the world every month at Shams.
-
Home to Top Media Events
Shams assists businesses in growing by providing free show space at events such as GITEX Expo. Furthermore, regional traders, IT experts, technology aspirants, learners, and consumers gain from the ventures’ networking opportunities.
-
Robust Corporate Sector
Shams boasts of a robust corporate sector. It hosts seminars, summits, and networking opportunities where professionals could meet, exchange ideas, and participate regularly.
Shams’ financial industry can offer encouragement from other like-minded entrepreneurs as well as possibilities to meet new customers. Media enterprises are welcomed to such group sessions with top leadership to share their growth and innovation thoughts and ideas.
-
Managing the Social Media Responsibility
Although Shams is not confined to media operations, the free zone is dedicated to enhancing and adding value to Sharjah’s media sector. Therefore, Shams Media City free zone aims to assist individuals who are specialized or interested in media development.
Furthermore, improving their skills in the field by bringing in renowned media experts to the UAE to introduce local media skillset to fresh ideas and prepare them with the essential skill set.
-
Post Establishment Assistance
Shams’ interaction with its clients does not end when the business owners receive their business license and paperwork. In addition, it goes above and beyond to assist the free zone’s registered businesses by highlighting them on the free zone’s internet platforms, including its website and social media accounts.
Furthermore, Shams also assists entrepreneurs in gaining more visibility by participating in large events. Shams also holds active seminars every month for its customers to benefit from to help them run their businesses.
-
Flexible Co-Working Spaces
Entrepreneurs searching for a co-working space to conduct their business can take advantage of Shams’ shared desk facilities. Furthermore, they come with all of the necessary amenities and services, including a meeting room, Wi-Fi connectivity, and a printer.
However, after the city is completed, more office space alternatives will be available, including dedicated desks, dedicated offices, and collaborative offices. Moreover, Shams’ innovative units of storefronts, studios, and community centers will also be available to companies enrolled with Shams.
Types of Business Licenses Available in Sharjah Media City Free Zone
- Service License – allows you to create, re-create, alter, and distribute various types of services. In addition, the provision of services as a major goal and the use of goods to provide a service are both covered by the service license.
- Industrial License – you can start a company that deals with the production, re-production, transformation, and manufacturing of commodities.
- Trading License – this license is required for selling items within the Shams free zone, as well as for importing and exporting goods. Moreover, transportation of products, wholesale and retail sales of goods and the provision of services associated with the sale of these items are all covered by the trade license. In addition, the final touches in the distribution of goods are wholesale and retailing.
Documents Required for Opening a Company in Sharjah Media City
Listed below are some of the documents you need to submit to the concerned jurisdiction to open your company in Sharjah Media City:
- Trade name reservation document
- Colored photographs of the applicant
- NOC from the local service agent
- Registration certificate and contract of association
- Passport copies of all business partners
- Business plan and personal information sheet
- Lease agreement document
- Additional approvals based on your firm’s nature and legal framework
Acquire the Sharjah Media City Free Zone License!
Your decision to launch a company in the Shams media city free zone is the right one. Therefore, all you need to do now is collaborate with the business experts at Shuraa Business Setup. We offer cost-effective company formation services in Sharjah and all across the UAE.
Book a free consultation with us or call us at +971 44081900. You can also reach out to our company formation experts on WhatsApp by dropping a message at +971 50 777 5554 to know more about the Sharjah Media City free zone license. For email assistance, please mail your query to info@shuraa.com.