A few facts about Sharjah Media City
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It provides for 100% repatriation of capital and profits
100% tax-free transfer of funds & exemption of import and export duties
It provides 100% ownership of business
Physical presence in UAE is not required to incorporate your new company
It provides access to an affordable workforce and convenient recruitment procedures
Why Sharjah Media City freezone (SHAMS)
In Arabic the literal meaning of Sharjah is “rising sun”. As a forefront of cultural, economic and social development, Sharjah has become home to diverse sectors of economy, complimenting and adding to each of its vast community of businesses.
With specialized facilities, exclusive incentives and unlimited opportunities for creative businesses, Shams Media City has set a benchmark of innovation and world-class business environment all out the world. Located in UAE, in the Emirate of Sharjah, Shams is a dynamic freezone designed to connect talent with forward-thinking community of creative businesses in a holistic and quintessential atmosphere for entrepreneurs and SMEs from all around the world.
Advantages of company formation in SHAMS:1. Cost Advantage
Business ventures in SHAMS are open to several tiers starting from AED 11,500. Compared to other Freezones in UAE, Shams gives tons of value for price to a wide range of business activities in a 100% tax-free jurisdiction.2. Location Advantage
Located just 15 minutes from Dubai Airport and 5 minutes from Sharjah Airport, the city itself is a rich commercial zone with residential boulevards, creative units, plazas and hotels connected through a well-planned network of roads. Offices are available for lease/purchase in different areas of the zone.
Registration and company formation in SHAMS takes less than a week, with all documentation and paperwork completed within 2 days. Added to that, the workforce can be recruited without any need of contract attestation from the Ministry of Labor.4. Visa Advantages
Another exclusive advantage of setting up business in Shams Media City is fast visa access. Investor visas can be acquired without any age restriction or payment deposit with up-to 6 visas through shared desk facility.5. Business Incorporation advantages
Businesses do not require any physical presence to legitimize their existence in Shams Freezone, allowing the owner/owners to run their operations from any part of the world. Companies will have the benefit of LLC with the power to appoint Corporate Directors and Corporate Managers in the company.