SHAMS Free Zone - Sharjah Media City Free Zone License
Free Zone Business License
Sharjah Media City Free Zone (SHAMS)
United Arab Emirates (UAE) have divided their geographical area into Mainland, Free Zone and Offshore on the basis of business license. Business Setup in Sharjah Media City (SHAMS) is one of the Free Zone in Sharjah which was launched in 2017. Sharjah Media City (SHAMS) provides world-class services, features and facilities for media activities.
SHAMS company setup is known as media free Zone. Although it is known as media free zone SHAMS have a wide range of business activity like It allows for re-production, transformation and distribution of services. Service license includes rendering services as a primary objective and utilizing goods to provide them. SHAMS is located 5 minutes from Sharjah International Airport and 15 minutes from Dubai International Airport, which leads to a world-class media hub with innovative facilities and services.
Alfa Zone Businessmen Services, we are the channel partner of Sharjah Media City (SHAMS) and can get you the most affordable business license in UAE.
Looking for the cheapest license in UAE?
The most affordable Freelance License in UAE
Price is a factor for many entrepreneurs looking to set up in the UAE. If you’re looking for the cheapest service or freelance license in the UAE then applying directly with Alfa Zone Businessmen Services is a good option. The activities included in Freelance or service license are as follows:
> Digital Marketing
> Interior Designing
Shams Free Zone License starts from AED 5750, including fees. This is an incredibly affordable option as there are few, if any, additional costs on top of this.
There are many other benefits to set up in a SHAMS Free Zone like
- Cheapest License in UAE
- 100% repatriation of the capital
- 0% corporate and personal income taxes
- Can do business in Mainland (B2B)
UAE Free Zone business owners also have full freedom to repatriate all invested capital and profits.
The two significant Sharjah Media City business License Structure
— Shams LLC
— Shams Branch
Alfa Zone Businessmen Services works with all government entities. Contact Us
SHAMS Company Formation | Business License
Sharjah Media City (SHAMS) is the most affordable free zone business license in UAE. It is a free zone media city in Sharjah. SHAMS company registration can be done 100% online. The company registration process usually completes within a week. If you have any legal queries regarding company formation in Sharjah Media City (SHAMS), free zone or in any Mainland, our advisors will assist you.
Documents Required for SHAMS Company Formation
Documents required for company formation in SHAMS area s follows :
- Passport copy
- Certificate Of Incorporation (COI)
- Occupancy Agreement (equivalent to tenancy contract)
- Phone number
- Articles of Association (AOA)
- Memorandum of Association (MOA)
- Valid trade license
- Board resolution to establish a new company
- Board resolution to establish a new branch
Another sole advantage of Sharjah Media City free zone (SHAMS) is that it allows 19 years old people to be shareholders of the company. This is a great benefit that is not allowed in any other Free Zones. Company employees can be as young as 18 years old, which is also quite unusual in comparison to other Free Zones.
All the documentation can be done online and all the free zone approvals are electronic which can be print from anywhere. SHMAS free zone approvals can be verified via the SHAMS website to check the genuineness of the business license.
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SHAMS Free Zone Licenses
Sharjah Media City (Shams) free zone is famous for creative and media businesses. SHAMS is a growing world-class media hub for entrepreneurs. SHAMS covers a wide range of business activities which offers investors low-cost packages for company formation license in UAE among various Free Zones.
SHAMS Business License has divided into three types according to their business activities :
1. SERVICE LICENSE
The activities under the SHAMS service license are Production, re-production, transformation and distribution of services. The primary objective of a service license is to render services.
2. TRADING LICENSE
Sale of goods within SHAMS or importing and exporting of goods. It includes all the activities related to the sale of goods like movement of goods, wholesale and retail sale of goods and rendering of services.
3. INDUSTRIAL LICENSE
The activities under SHAMS industrial license are production, re-production, transformation and manufacturing of goods.
Office Facilities in SHAMS Free Zone
SHAMS Free Zone provides all these 4 types of office facilities in Sharjah. It is an ideal choice for the entrepreneurs who involves in creative ideas and also have the facility to collaborate with companies with similar niche. All four facilities will provide access to Wi-Fi, a printer and a meeting room.
Benefits Of SHAMS Free Zone
- 100% Foreign Ownership
- Business License options starting from AED 5,750
- SHAMS offers flexible visa quotas from 0 to 6 visas
- Approval up to 6 visas on a shared desk facility
- Under SHAMS, no deposits required for business license
- 0% Corporate Tax
- 0% Personal Tax
- Cheapest business registration and low annual maintenance cost for renewals
- Low cost business license under SHAMS for General trading and E-commerce business activities under zero visa package
- Minimum shareholder’s age – 19 years old, employee – 18 years old
- SHAMS have three business licenses for different activities that is Service License, Trading License and Industrial License
- No paid-up Share capital or annual audits are required
Procedures for SHAMS Business License
Step 1: Contact us to issue occupancy agreement
Step 2: Submit the necessary documents for business license
Step 3: Make the payment for business license
Step 4: You will receive electronic document with timeline
Step 5: Receive the notification and electronic occupancy agreement/ amended agreement/certified agreement/ renewed agreement/ cancellation letter.
SHAMS Residency Visa's Cost
Business setup license in SHAMS free zone is having one of the most flexible systems of visa allocation. A company can have a maximum number of visa’s from 0 to 6.
Selection of 2,3 & 5-year business licenses in SHMAS would enable the auto license renewal feature for clients by making one-time payments for a specified period.
The Multi-Year License package from Sharjah Media City is an ideal choice for investors looking at a long-term plan. Also, the Multi-Year License Package is beneficial for investors who would like to avoid the hassles of yearly payment for the renewal of the company license.
An alternative way to get more visa allocation slots would be Hamriyah free zone visa.
Your SHAMS package plan can be upgraded at any time
COST OF VISA’S IN SHAMS (AED)
|SHAMS fee (AED)||Medical checkup (AED)||Emirates ID (AED)|
1) Visa Validity will be 3 years
2) Charges are from the official website but may vary from time to time.
You need to get health insurance or sign an undertaking letter that you will complete within the next 10 months before applying for a SHAMS residence visa
Cost Of Freelance Visa In SHAMZ Free Zone
FREELANCE LICENSE COST
Freelance License with 0 Visa Quota = AED 5,750
Freelance License with 1 Visa Quota = AED 7,475
Freelance Media Activities :
E-commerce, Advertising, Digital Marketing, Events Organizing, Computer Programming & Consultancy, Media Production, Photography, Web Portals, Printing, etc.
FAQ's on SHAMS LICENSE
Frequently Asked Questions on Sharjah Company Formation
The most economical license in UAE.
Yes, with SHAMS License you can do business in all the emirates of UAE.
Yes, you can do business in Mainland. However, it should be B2B (Business-to-Business).
No, you don’t require NOC to acquire SHAMS License.
No, you can apply directly for Chamber Of Commerce Certificate.
1. Prepare the Documentation
Documentation for business license in Dubai, UAE is different according to their geographical location. We helps in preparation of required documentation for business license in Dubai, UAE
2. Get a Business License
Entrepreneur should decide from where to get the license.
(i) Mainland Business Setup License
(ii) Free Zone Business Setup License
(iii) Offshore Business Setup License
3. To start with Visa Processing
After receiving the business license approval we will proceed for visa application and get it approved within 24 hours.
Major visa services includes
(i) Tourist visa
(ii) Investor visa
(iii) Work visa
(iv) Family visa
(v) Business visa
(vi) Maid visa, and more.
VISA PROCESS IN DUBAI
First of all should apply for entry permit, Emirates identity card and resident visa. Once receives residence visa, he can apply for work permit or labour card. All these approvals are done from different government departments where a lot of time and efforts are invested.
Alfa Zone Businessmen Services have a years of expertise in business setup services and visa processing services makes all of your approvals with ease and cost effective.
4. Open a Bank Account
A Business or Company without corporate bank account is meaningless. To open a corporate bank account, involves 3 steps.
1. Get a business license
2. Have the necessary documents
3. Choose the right bank
To open corporate bank account you need to submit certain documents like
- Copy of the Emirates ID card
- Company Trade License
- Certificate of Registration
- Lease Agreement
- Passport copies for shareholders and authorized signatories
- Company Memorandum & Articles of Association
However, opening a corporate bank account in Dubai / UAE can be hassle-free and quick with Alfa Zone Businessmen Services. Help our clients to choose their bank account opening accordingly to their corporate structure or trade license activity.
No, since 100% foreign ownership is now possible SHAMS Free Zones License.
No, you don’t require to have a physical address in the country.
It’s usually said that it can be formed within 24 hours, but in reality, it will take anywhere from 1 – 2 days.
Alfa Zone Businessmen Services works with all government entities.
SHARJAH MEDIA CITY COMPANY LIQUIDATION (SHAMS)
SHAMS winding up / liquidation of the company can be either :
- A Shareholders voluntary Liquidation
- A Creditors voluntary Liquidation
- Mandated by the competent courts of the UAE
METHOD OF LIQUIDATION UNDER SHAMS FREE ZONE
1. A Shareholders voluntary Liquidation
The Liquidation of a company is possible in which company has no liabilities, or which is able to discharge its liabilities in full within six months after the commencement of winding up.
DOCUMENTS REQUIRED FOR LIQUIDATION IN SHAMS
i) A company prescribed form
ii) A Shareholders resolution not older than 30 calendar days to commence the liquidation
iii) A statement of solvency which must be signed by each of the Directors and Managers
2. A Creditors voluntary Liquidation
The Directors / Liquidator will comes to the opinion that the Company has liabilities which are unable to settle in full within six months after the commencement of the winding up.
DOCUMENTS REQUIRED FOR LIQUIDATION IN SHARJAH MEDIA CITY (SHAMS)
i) The Shareholder’s Resolution
ii) A statement of solvency which must be signed by each of the Directors and Managers, stating that having made full inquiry into the Company’s affairs
Liquidation of a company in Sharjah Media City (SHAMS) Free Zone will take approximately 3 weeks.
The charges of the company liquidation under SHAMS is AED 2,000.
Amendments to Business License
The cost for most of the services in Sharjah Media City (SHAMS) for AED 2000 and can be done by online.
Amendments of the business license are free of cost at the time of renewal.
Experts Opinion on SHAMS Free Zone
Acquiring a free zone business license from Sharjah Media City (SHAMS) is the best option for start-ups and developing businesses. Entrepreneurs have to find out which business license is best suitable according to their business activity.
Costs of business license, renewals and visa slots are at their best price while you compare with any other Free Zones.
An alternative option can be within the Ras Al Khaimah Emirate would be the Ras Al Khaimah Economic Zone (RAKEZ). Ras Al Khaimah Economic Zone (RAKEZ) is also a cost-effective media free zone with plenty of exclusive packages.