Sharjah Media city (shams) was inaugurated in January 2017 for innovative and media business. Aiming to be a world-class media hub for creative facilities and services, Shams covers a wide range of business activities available for those who wish to embark on their business journey in UAE.
Sharjah has become the ideal destination for entrepreneurs to start their businesses. Besides free zones, Sharjah boosts a number of businesses for fostering business projects which are held in Sharjah.
1) The advantages of starting your own company in Sharjah Media City are many. The benefits that you will find in Sharjah free zones are:
a) Full ownership of your Business
The major point that attracts entrepreneurs to choose for free zones instead of main land is Ownership. Free zones allow foreign investors a 100% ownership of their business. Unlike main land, free zones don’t require a local/sponsor to be a partner to obtain the business license.
b) 0% corporate tax
Business setup in Shams free zone do not impose any corporate taxes on the companies registered within the free zone.
c) Full profit repatriation
Sharjah free zones allow outsiders to repatriate all their profits to their home country. This essentially means that entrepreneurs have the full freedom to transfer 100% of their capital to their Home country.
d) Wide range of business activities
Shams license allows a company to run its business within the Sharjah media city free zone for a number of activities such as Import and Export, Marketing consultancies, Event managements,
E-Commerce, Media services and many more.
e) 0% Import and Export Tax
Shams free zone Business setup do not levy any kinds of import & export tax. So it is entirely tax free for both Import and export.
2) Sharjah media city free zones (SHAMS) has its own designated benefits that will make entrepreneurs pick Shams over other free zones
a) Cost-effective solutions
Shams aims to house Entrepreneurial talents, therefore shams offer them affordable packages to setup new business in UAE (SHAMS).
b) Many types of Licenses
The 4 types of visas issued by SHAMs free zone are service license, industrial license, trading license and holding license. You also have the option to expand the specialization of your company by performing more than one business activity on the same business license with an additional small amount of charge for each activity.
c) Fast and seamless setup process
When you set up your company in the Sharjah Media city free zone, you will have to go through a simple and easy registration process. You can get your business license within a week’s time. With the digitization setup in Shams free zone, you will avoid all the efforts on paperwork.
d) Register from the comfort of your home
Entrepreneurs wishing to embark on their entrepreneurial journey in Shams (UAE) but are not currently present in the country can complete their registration process from their homeland. All the required documents are submitted to Shams and the physical presence of the Entrepreneurs to submit those documents is not mandatory.
e) Office Facilities
Entrepreneurs looking for a shared working space to run their business can enjoy the shared desk facility offered by the Sharjah Media City free zone. The basic requirements needed for an office are Meeting room, Wi-Fi connection and a printer. For the time being one of these facilities is available at Shams.
f) Flexible visa packages
For the shared desk facility, entrepreneurs can apply up to 6 visas for their employees. Also, Sharjah media city visas will allow them to sponsor their family members.
g) A hub for the media talent
Sharjah media city (Shams) aims to develop an integrative place where businesses from various sectors can interconnect and grow. As we are living in a digital world, the trend towards media activities is gaining traction. A license is mandatory for media practitioners to legalize their business.