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Business setup in SHAMS
Sharjah Media City Freezone (SHAMS) is one of the best freezones for those entrepreneurs or corporates desirous of investing in the fast growing media and creative market of UAE. This freezone is unique in its approach of 100% foreign ownership whereby the individuals and companies have complete proprietorship of their businesses and no local sponsor is required. The environment is aimed at facilitating the growth of creative industries thereby making it a powerhouse for media integrated professionals, marketers, film producers and other creative sectors.
Also, SHAMS Free Zone provides affordable business setup services enabling entrepreneurs to overcome the financial constraints required to establish a startup or SME. Given the tax free status of Sharjah, a company can enjoy great profits along with easy and quick licensing amidst a vast modernized ambiance. Regardless of one’s status as a freelancer or small business or big corporation, Sharjah Freezone offers unlimited scope to operate in the highly competitive arena.
How to Setup a Company in SHAMS Freezone ?
Considering entrepreneurship and innovation, the procedure of establishing a company in Sharjah Media City (SHAMS) Free Zone is easy. Businesses involved in the media and creative sectors are able to operate in a tax-free environment with 100% foreign ownership, and are offered a straightforward registration process. The same can be said about how easy it is to register a business as SHAMS makes it easy for a company to set up its operations. Here’s a complete step by step guide on how to register in SHAMS:
Key Steps to Set Up a Business in SHAMS Free Zone
Key Benefits of Business Setup in SHAMS Freezone
Sharjah Media City (SHAMS) Free Zone is designed to provide businesses with a supportive and innovative environment. Entrepreneurs and companies looking for a cost-effective, streamlined setup can benefit significantly from SHAMS.
Here are the key advantages:
Being greatly affordable, SHAMS has gained popularity among startups, freelancers and small and medium-sized enterprises.
SHAMS Free Zone is optimally positioned allowing businesses unhindered logistical and market access.
The perks include:
SHAMS offers a tax-free framework which allows profit orientation of ventures which is why it can be appealing.
- This ensures: With 100% foreign ownership, international investors do not require any local sponsor. This ensures: Maximum profit retention and business independence. Full control over business operations and decision making.
- The free zone provides:
- Low initial costs with the opportunity to purchase flexible licenses.
- Shared desks and virtual offices are included in the range of affordable office spaces.
- A rapid and simplified process which decreases the operating costs, thus enabling the entrepreneurs to allocate extra funds on their primary activities.
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The perks include:
- Connectivity to the world through Sharjah International Airport as a Mutual Aviation Zone.
- Facilitating import/export trade through easy proximity to key seaports on both the Arabian Gulf and Indian Ocean.
- Enabling access to regional and international markets through its central location in UAE.
- The main aspects are:
- No corporate or individual income taxes.
- Revenues can be repatriated without tax deductions, and capital can be sent abroad without limitations. This tax exemption also facilitates increasing both new and old enterprises by supporting them financially.
Setting up a business in SHAMS Free Zone is not only affordable but also strategically advantageous, making it an excellent choice for entrepreneurs and companies aiming for growth in the UAE
Frequently Asked Questions about Business setup SHAMS Freezone
Pros of opening business in Shams Free Zone:
1. No tax environment.
2. 100% foreign ownership.
3. There is no restriction on the repatriation of profit.
4. One-stop shop for all government services.
Sharjah UAE Business Setup | Shams Free Zone Registration
SHAPING TOMORROW, TOGETHER. Sharjah Media City (Shams) as the region's pioneering creative hub, is a free zone empowering creative entrepreneurs, startups, SMEs, companies, and freelancers with cost-effective business setup solutions.
How to Setup Your Company in the UAE Free Zones
1. What Business Activity do you Have?.
2. Legal Structure of your Company.
3. Select a business location/venue.
4. Obtain preliminary clearance.
5. Registration and payment of license fees.
Setting up a business in free zones
1. No free capital flows are restricted
2. 100% ownership of fixed assets. Free zones grant 100% foreign ownership. All earnings can be reinvested in special economic zones at 100%.
3. A mature banking system having excellent liquidity besides government patronage through the central banking agency.
4. There are no transfer restrictions.
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