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Sharjah Media City is a free zone in Sharjah, UAE. SHAMS is leading the media and creativity field in the region. The SHAMS is regulated by the Sharjah Media City Free Zone Authority. It offers lower-cost business setup solutions for entrepreneurs, business owners, and freelancers. The goal is to open the opportunities at the international level offering high standards and resources to promote high-quality content creation. SHAMS is the number one choice for business owners and entrepreneurs among all the Sharjah Free Zones that offer company formation in Sharjah. It serves 100% foreign ownership, low tax rates, and a wide range of media-related business activities.
Trust Emirates Business Setup to provide business setup services including your business license in SHAMS, residency visa, office space (if required), or any other service needed.
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SHAMS free zone company formation offers numerous advantages, the most prominent ones are listed below.
To obtain a trade license in this free zone, firstly, you need to choose business activities that are suitable to your business. The activities include media, wholesale & retail, and consultancy services. SHAMS Free Zone is regulated by the SHAMS Free Zone Authority. However, the legal entities available in this free zone include a Free Zone Establishment (FZE), a Free Zone Company (FZC), or an existing branch. It offers cheaper and more affordable office spaces including shared spaces, customized spaces, or dedicated ones.
The types of business licenses offered in the SHAMS free zone are:
Make sure to choose the right business activity that you will conduct in your company.
After choosing your business activity, you need to register three unique trade names. Submit it to the SHAMS free zone authority and get it approved and registered.
Now you can submit all the required documents and can wait for approval from the Sharjah Media City Free Zone Authority.
You can now pay the fees of the business license.
Next step, you will record a video with KYC documents for KYC verification.
After verification, you will be able to get your business license.
Once the trade license and establishment card are issued, you can apply for a residency visa.
After the license is issued, you are eligible to open a business bank account.
When you start your business setup in the Sharjah Media City Free Zone, you need to renew your license every year or two, depending on the validity. If you do not process timely renewal, you will get fines and might face difficulties in continuing your business operations. Emirates Business Setup offers business setup services in the UAE. It includes the company formation process, trade license renewals, and banking services. We are here to help!
SHAMS offers numerous advantages when it comes to company formation. There are some legal restrictions or requirements that you need to consider.
Freezone licenses are specific to the type of business activity permitted within the freezone. However, the SHAMS license may restrict the range of business activities. It allows business activities related to media, consultancy & services, or retail and wholesale. If a business wants to expand your business, you need to obtain additional approvals or licenses.
Sharjah Media City Free Zone Authority offers favorable conditions, but there may be some limitations on the number of residency visas issued to employees of companies. So, if you want to hire more employees, you might need to expand your office space.
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