Shams, Sharjah Media City is located in the emirate of Sharjah, the cultural capital of the UAE. Shams was launched in January 2017, with a vision to be a world-class hub for media and creativity in the region. The free zone will issue licenses to companies, freelancers and entrepreneurs working in the media, technology and creative industries. Similar free zones are present in the region including in Abu Dhabi and Dubai with TwoFour54 and Dubai Media City, respectively.
Shams is a dynamic initiative that makes a strong connection with the talented individuals it attracts. Shams offers smart innovative services, coupled with a holistic community-centered approach. Sharjah represents a safe and progressive environment for company formation, offering foreign investors benefits, such as zero corporate, import and export taxes, in addition to other advantages. The UAE is well-recognized the world over as a trading hub, boasting a large non-oil sector that contributes to nearly 70% of the GDP – 45% of which is contributed by Sharjah’s trading activities.
At Business Lex Group, we provide personalized consultancy, support, and management services to our clients who want to incorporate in Sharjah Media City or free zones around the UAE. Our approach to consultancy in inception, licensing, creating an ideal corporate structure, and more can help you take the right steps in business in UAE.
BENEFITS OF BUSINESS SET UP IN SHARJAH MEDIA CITY
100% foreign ownership
Zero corporate and personal income tax
Company end name will be LLC
Cost effective licensing
NOC is not required to start your business
No annual audit report
Big list of available activities under Trading, Service and Industrial licenses
No physical presence in the UAE is required to incorporate your company
No paid up share capital
Flexible visa solutions
Allocation of up to 6 visas on a shared desk facility
Companies will be limited in liability
Located 15 minutes from Dubai Airport and 5 minutes from Sharjah Airport
TYPES OF LICENSES
- Service License
- Trading License
- Industrial License