Steps to Form a Company in Sharjah Media City (Shams)

1. Select a Business Activity:

  • Shams allows over 120 business activities, including media, trading, consulting, and technology services.
  • Choose single or multiple activities under one license.

2. Choose a Legal Structure:

  • Shams LLC (Limited Liability Company): For businesses with individual or corporate shareholders.
  • Branch Office: For existing companies seeking expansion into the UAE.

3. Register a Trade Name:

  • Choose a unique trade name that complies with Shams’ naming rules and standards.

4. Submit an Online Application:

Provide basic details, including:

  • Business activity.
  • Shareholder and director information.
  • Proposed trade name.

5. Submit Required Documents:

Basic documents include:

  • Passport copy of the shareholder(s).
  • Passport-sized photograph.
  • Proof of residential address (e.g., utility bill).
  • Emirates ID and visa copy (for UAE residents).

6. Office Space Options:

Shams offers flexible workspace solutions, including:

  • Virtual offices
  • Shared desks.
  • Dedicated office spaces.

7. Receive Initial Approval

  • Upon document submission, you’ll receive initial approval for the company.

8. License Issuance:

  • Pay the required fees to obtain your business license.
  • Shams does not require physical presence to complete the setup process, making it convenient for foreign investors.

9. Open a Bank Account:

  • Use your business license and corporate documents to open a bank account with a UAE-based bank.

10. Apply for Visas:

  • Shams allows visa applications for investors, employees, and dependents.

Advantages of Setting Up a Company in Sharjah Media City (Shams)

  • 100% Foreign Ownership: Complete ownership without the need for a local sponsor.
  • Cost-Effective Setup: Shams is one of the most affordable free zones in the UAE with low setup and renewal costs.
  • Flexible Licensing Options: Combine multiple business activities under one license.
  • Quick Setup Process: Fast and straightforward company registration with minimal paperwork.
  • No Physical Presence Required: Foreign investors can establish a company remotely without visiting the UAE.
  • Tax Benefits: 0% corporate tax and personal income tax.
    Exemption from import/export duties.
  • Repatriation of Profits: 100% repatriation of profits and capital.
  • No Office Requirement: Shams provides virtual office options, allowing businesses to operate without a physical office.
  • Wide Range of Business Activities: Includes media production, advertising, trading, e-commerce, consulting, IT, and more.
  • Visa Flexibility: Affordable visa packages for investors, employees, and dependents.
  • No Annual Audit Requirement: Shams companies are not required to submit annual audits or financial reports.
  • Strategic Location: Located in Sharjah, close to key logistics hubs, ports, and airports, providing excellent connectivity.
  • Networking Opportunities: A creative hub for media, technology, and content-focused industries fosters collaboration and innovation.
  • Support for Creative Industries: Tailored services for media production, advertising, and publishing businesses.
  • No Share Capital Requirement: Shams does not mandate any minimum paid-up share capital for company formation.

Popular Business Activities in Shams

  • Media and Advertising:Media production, digital marketing, and creative content creation.
  • E-commerce: Online retail and trading.
  • Consulting Services:Business advisory, IT consulting, and project management.
  • Technology:Software development and tech startups.
  • Trading:Import/export and wholesale distribution.

Are you ready to grow your business?

971 58 964 0098
info@adroitconsultants.in