In one of our previous articles, we told you about the benefits and procedures of setting up business in Dubai Media City (DMC). But Dubai is not the only emirate that is providing facilities for the media and telecommunication sector through designated free zones. Other emirates are also providing facilities of various free zones and one of the most famous free zones for the media-related industry outside Dubai is SHAMS (Sharjah Media City). The free zone provides one of the best opportunities for media and its related sectors in the region and can be called a rival or alternative of DMC.
SHAMS was launched in January 2017. It is a relatively new free zone but is specially designed to provide the best facilities to businesses related to the media and creative industry. Shams provide better chances for businesses as compared to several other free zones in UAE because there is a lot of space available for new businesses and the cost of starting a business is also less as compared to other free zones that are located in more advanced and expensive locations. Shams provides immense facilities to startups, SMEs, and established companies to grow their businesses on a local and global level. A free zone is a great place for talented persons who want to thrive in a world-class business environment.
As an entrepreneur or a company, you can expect several advantages by setting up a business in Shams free zone. Shams provide all the benefits related to free zones like zero taxes and duties along with 100% foreign ownership and repatriation of profits. Apart from that, you can get several other benefits before and after establishing a company in Shams free zone. A few of such advantages include:
- Simple online registration process in very little time
- No age restrictions for investor visas
- Minimum cost of company setup from AED 11,500
- It takes a few days the issuance of all company documents
- Located at an ideal place with just a few minutes of drive from both Sharjah Airport and Dubai Airport
In order to operate in Shams, an interested company requires a Shams license to start its business. There are 4 types of licenses available in the free zone. A Service License allows the owner to distribute services. If your business requires the selling of goods inside Shams free zone then your required license is Trading License. You will need Industrial License in case your company’s objective is to produce, manufacture, and transformation of goods. Holding License is recommended for holding other companies and properties including real estate, assets, trademarks, stock, etc.
If your business is related to media and telecommunication then you will find Shams as the best place to establish a company. For further details and assistance in setting up a company in Shams free zone, you can contact Riz & Mona Consultancy via our landline # 971-4-5586339. We have already assisted several companies in setting up their businesses in this media-related specific free zone in Sharjah.