SHAMS FREE ZONE COMPANY

  • ✓ 100% Ownership
  • ✓ Tax Free Policies
  • ✓ Dubai Based Infrastructure

 

 

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BENEFITS OF SHAMS FREE ZONE COMPANY
WIDE RANGE OF BUSINESS ACTIVITIES

WIDE RANGE OF BUSINESS ACTIVITIES

Shams allows businesses to engage in a diverse range of activities including media, technology, education, creative services, and more. This flexibility enables entrepreneurs to pursue their specific areas of interest and expertise.

TAX ADVANTAGE

TAX ADVANTAGE

Shams offers a tax-friendly environment with no personal income tax and no corporate tax for a period of 15 years, renewable for an additional 15 years. This provides substantial tax savings for businesses operating within the free zone.

100% FOREIGN OWNERSHIP

100% FOREIGN OWNERSHIP

Shams free zone allows full ownership of businesses by foreign entrepreneurs. This means you have complete control over your company without the need for a local sponsor, which is a significant advantage for international investors.

EFFICIENT BUSINESS SET-UP PROCESS

EFFICIENT BUSINESS SET-UP PROCESS

The establishment process in Shams is known for its efficiency and simplicity. The free zone provides a straightforward and streamlined procedure for company registration, ensuring that entrepreneurs can start their operations swiftly and with ease.

WHY CHOOSE FIRM ADVICE?

Because company formation is just the beginning.

  • BANKING ASSISTANCE

    Firm Advice experts specializing in UAE business setup offer invaluable assistance in navigating the intricacies of banking procedures. They provide expert guidance on selecting the right bank, assisting with the preparation and submission of required documents, and facilitating the account opening process. We possess an in-depth knowledge of local banking regulations and can help clients choose a financial institution that aligns with their business goals. Additionally, Firm Advice can offer insights into the various banking services available, ensuring clients make informed decisions tailored to their specific needs. With our expertise, we streamline the often complex banking process, allowing businesses to establish a solid financial foundation for their operations in the UAE.

    BANKING ASSISTANCE
  • VAT REGISTRATION

    Firm Advice specializes in providing invaluable assistance with Value Added Tax (VAT) registration. We guide businesses through the entire process, ensuring compliance with local tax regulations. This includes the preparation of necessary documentation, submission to the relevant authorities, and addressing any queries or requests for additional information. Our consultants have a deep understanding of the VAT registration requirements and deadlines, allowing them to expedite the process efficiently. Moreover, we offer expert advice on VAT implications for specific business models, ensuring businesses are well-informed and well-prepared for their tax obligations. With the assistance of our consultants, companies can navigate the complexities of VAT registration seamlessly, allowing them to focus on their core operations with confidence.

    VAT REGISTRATION
  • CORPORATE TAX ADVICE

    Firm Advice consultants specializing in UAE business setup offer invaluable assistance in navigating corporate tax regulations. We provide expert guidance on understanding and fulfilling corporate tax obligations, ensuring compliance with local laws. Our professionals possess an in-depth knowledge of tax codes and regulations, allowing us to offer tailored advice on minimizing tax liabilities while maximizing benefits. Firm Advice can assist in the preparation and submission of tax documents, as well as represent businesses in dealings with tax authorities. Our expertise helps companies make informed decisions regarding tax planning, deductions, and exemptions, ultimately optimizing their financial strategies. With our assistance, businesses can effectively manage their corporate tax responsibilities, contributing to overall financial efficiency and compliance.

    CORPORATE TAX ADVICE
  • VISA ASSISTANCE

    Consultants at Firm Advice specializing in UAE business setup offer invaluable assistance in navigating visa procedures. We provide expert guidance on various visa options available for business owners, investors, employees, and dependents. Our professionals are well-versed in local immigration regulations and can help clients prepare and submit the necessary documents for visa applications. Consultants at Firm Advice also offer strategic advice on selecting the most suitable visa categories based on individual circumstances and business goals. We facilitate the entire visa process, from application submission to follow-up with immigration authorities, ensuring a smooth and efficient experience. With our expertise, the consultants streamline the visa application process, allowing individuals and businesses to establish a legal presence in the UAE with confidence.

    VISA ASSISTANCE
  • PRO SERVICES

    Firm Advice consultants offer essential PRO (Public Relations Officer) assistance. We act as intermediaries between businesses and government authorities, handling various administrative tasks related to licenses, permits, and regulatory compliance. Our professionals are adept at navigating the complex bureaucratic processes, ensuring timely submission of documents and applications. Firm Advice consultants also facilitate efficient communication with government agencies, reducing potential delays and complications. Our expertise in local regulations and procedures enables businesses to meet compliance requirements without unnecessary hurdles. With PRO assistance, Firm Advice plays a crucial role in streamlining administrative processes, allowing businesses to focus on their core operations and growth strategies.

    PRO SERVICES
  • SECTRETARIAL SERVICES

    Firm Advice offers essential secretarial services to ensure seamless corporate governance. We assist in managing administrative tasks, including documentation, record-keeping, and compliance with local regulations. Our professionals have a deep understanding of corporate governance requirements in the UAE, allowing them to provide expert guidance on board meetings, shareholder resolutions, and other company secretarial matters. Our consultants also play a pivotal role in maintaining accurate and up-to-date corporate records, ensuring businesses remain compliant with legal obligations. With our expertise, businesses uphold transparency and accountability in their operations, contributing to a strong foundation for sustained success in the UAE market.

    SECTRETARIAL SERVICES

PRICING

 

Contact our team at Firm Advice for tailor made packages with a lowest price guarantee

ABOUT SHAMS FREE ZONE

Sharjah Media City, more commonly known as Shams, is an epitome of the UAE’s commitment to fostering innovation and creativity. Established in 2017, Shams has rapidly risen to prominence as a vibrant hub for media and creative businesses. Nestled in the emirate of Sharjah, Shams provides a fertile ground for diverse industries including media, technology, education, marketing, and more. What sets Shams apart is its policy of allowing 100% foreign ownership, a rare and attractive proposition for international entrepreneurs. This autonomy empowers businesses to chart their own course and innovate freely, knowing they have full control over their enterprise.

One of the most significant advantages of Shams is its favorable tax framework. Businesses operating within Shams enjoy a 15-year exemption from personal and corporate taxes, a policy that can be renewed for an additional 15 years. This translates into substantial savings, allowing companies to reinvest resources into expansion and development. The free zone’s flexibility is equally noteworthy. It accommodates a wide range of activities, from media production to digital marketing and beyond. This adaptability makes Shams an ideal destination for a spectrum of industries, providing a conducive environment for businesses to flourish and innovate. With its strategic location and well-equipped infrastructure, including modern office spaces and advanced telecommunication services, Shams stands as a testament to the UAE’s commitment to nurturing creative and media-focused enterprises.

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TYPES OF COMPANIES UNDER SHAMS FREE ZONE

The Meydan Free Zone in Dubai offers a diverse range of business activities, allowing for the establishment of various types of companies. Here are some of the key types of companies that can be set up under the Meydan Free Zone:

  1. Free Zone Establishment (FZE): - A Free Zone Establishment (FZE) is a single-owner limited liability company. It is an excellent option for individual entrepreneurs looking to operate within Shams. FZEs grant complete ownership and control to a single individual, which is an attractive feature for those seeking autonomy.
  2. Free Zone Company (FZCO): - A Free Zone Company (FZCO) is similar to an FZE, but it allows for multiple shareholders. This structure is ideal for businesses looking to operate with shared ownership, enabling joint ventures or partnerships within Shams. FZCOs can be owned by individuals or corporate entities.
  3. Branch of a Foreign Company: - Shams permits foreign companies to establish branches within the free zone. This allows existing international companies to expand their operations into the UAE without the need for a local partner. Branches can engage in a range of business activities as permitted by Shams regulations.
  4. Branch of a UAE Company: - Local UAE companies also have the option to set up branches in Shams. This enables domestic businesses to extend their operations into the free zone while retaining their legal status as a UAE entity. It’s a strategic move for companies aiming to broaden their reach and explore new markets.
  5. Freelancer Permit: - Shams recognizes the growing trend of freelancers in the creative and media industries. It offers a specialized Freelancer Permit that allows individuals to operate as independent professionals, providing services within the free zone.
  6. Service Agent: - For businesses that fall under specific categories, such as advertising, event management, or media consultancy, a Service Agent is required. The Service Agent assists in obtaining necessary permits and licenses from regulatory authorities within the UAE.

    Shams Free Zone in the UAE provides a comprehensive array of company types, catering to the diverse needs and preferences of entrepreneurs and investors. This range of options underscores Shams’ commitment to promoting economic diversity and fostering a vibrant business ecosystem. With its streamlined setup procedures and tailored business structures, Shams continues to be an appealing choice for businesses in the media and creative industries. It stands as a testament to the UAE’s dedication to supporting innovation and entrepreneurship.
Understanding Business Setup Processes in Shams Free Zone

Setting up a business in Sharjah Media City Free Zone (SHAMS), located in Sharjah, UAE, provides entrepreneurs with a simplified and effective business setup procedure. SHAMS provides aspiring startups, SMEs, as well as established companies or corporations with smart, cutting-edge services. It is essential for entrepreneurs to comprehend the business setup procedures to guarantee regulatory compliance and promote a seamless entry into the market. In this article, we will delve into the process, benefits, and requirements to start a Business in SHAMS. 

 

Types of companies in SHAMS

Company registration is the initial stage in establishing a business in the Shams Free Zone. Within SHAMS, entrepreneurs have access to a variety of legal structure options. The following options for legal entities are provided by SHAMS Authority:

  • Limited Liability Company: You can establish an LLC as an individual shareholder or a corporate shareholder.
  • Branch of an Existing Company: Minimum share capital is not a requirement. Besides, the branch office can belong to a local or a foreign company.
  • Freelancer Permit: Shams offers a specialized Freelancer Permit that allows individuals to operate as independent professionals, providing services within the free zone.

 

Facilities Provided at SHAMS Freezone

Businesses that want to establish their presence in this promising Free Zone can choose from a range of amenities offered by SHAMS. Office space offered by SHAMS freezone is intended to assist customers and meet their needs and specifications. Every facility has access to Wi-Fi, a printer and a meeting room. The various office space facilities are listed below:

  • Dedicated Desk: A dedicated desk is assigned space that is allotted for people who want to operate their business next to other like-minded business owners.
  • Shared Desk: A shared desk is a common space shared by creative entrepreneurs. It is perfect for entrepreneurs looking for flexible space and networking possibilities.
  • Dedicated Office: A dedicated office is a specific, locked workspace that is utilized for one person at a time. A dedicated office, which might range from a single desk to perhaps many workstations, promotes teamwork among employees while providing a private working place.
  • Shared Office: A shared office facility allows companies registered within Shams to network, creating more opportunities for businesses.

 

Different Types of Licenses 

  • General Trading License: This license enables you to carry out the same tasks as a trade license. It does, however, enable you to trade a wider range of goods and products.
  • Service License: This license is specifically designed for businesses that offer services instead of products, like those companies that provide IT services or consultancies.
  • Industrial License: This license enables you to carry out a variety of industrial tasks, including packing, assembling, and manufacturing.
  • Holding License: You should apply for this kind of license if you're interested in managing assets like stocks, real estate, trademarks, and other things.

 

Application Process 

  • Choose the business license - Choose the business license you require in order to do the activities you have chosen.
  • Choose the legal structure of your company - Choose the type of legal entity you wish to use for your business.
  • Select the space - Then, select the kind of office space and facilities you require to operate your business.
  • Submit Documents - Gather the documentation and submit it along with the application form.
  • Start operating your business - Once your license has been granted, you can begin conducting business within the free zone.

 

Visa Procedures

Entrepreneurs and their employees may require residency visas to live and work in the UAE. Shams Free Zone facilitates the visa application process for its clients, providing assistance with document submission, medical tests, and other requirements. Entrepreneurs can apply for investor visas, employee visas, and dependent visas, depending on their specific circumstances. Shams Free Zone's dedicated visa services team ensures a smooth and efficient visa processing experience for entrepreneurs and their employees.

 

Conclusion

In conclusion, entrepreneurs wishing to set up their businesses in the United Arab Emirates must comprehend the procedures involved in company formation in the Shams Free Zone. Shams Free Zone is a great place for startups, SMEs, and multinational companies looking to take advantage of the opportunities presented by the UAE's dynamic business environment because of its efficient procedures, encouraging infrastructure, and knowledgeable advice.

 

Exploring the Benefits of Setting Up a Business in Shams Free Zone

As one of the leading free zones in the United Arab Emirates (UAE), Shams Free Zone has gained prominence for its business-friendly environment and innovative initiatives. This article explores the diverse range of benefits that make Shams Free Zone an attractive destination for entrepreneurs looking to set up and grow their businesses in the UAE.

 

100% Foreign Ownership:

One of the key advantages of setting up a business in Shams Free Zone is the ability to have 100% foreign ownership. Unlike mainland companies in the UAE, which typically require a local sponsor or partner, businesses registered in Shams Free Zone enjoy full ownership rights, providing entrepreneurs with greater control and flexibility over their ventures.

 

Tax Exemptions and Incentives:

Shams Free Zone offers attractive tax incentives and exemptions to businesses operating within its jurisdiction. Companies registered in the free zone are exempt from personal income taxes, import and export duties and from corporate tax if the profit is below AED 375,000. Additionally, there are no currency restrictions, allowing businesses to repatriate 100% of their profits and capital without any constraints.

 

Strategic Location and Infrastructure:

Situated in Sharjah, Shams Free Zone benefits from its strategic location in the heart of the UAE, with easy access to major transportation hubs, including airports, seaports, and highways. The free zone boasts modern infrastructure, including state-of-the-art office spaces, warehouses, and manufacturing facilities, equipped with advanced amenities and technology to support businesses across various sectors.

 

Business Support Services:

Shams Free Zone provides comprehensive business support services to assist entrepreneurs at every stage of their journey. From company registration and licensing to visa processing and legal assistance, the free zone offers a range of services to streamline the setup process and ensure compliance with regulatory requirements. Additionally, Shams Free Zone's dedicated team of professionals provides ongoing support and guidance to help businesses thrive in the competitive market landscape.

 

Access to Global Markets:

By setting up a business in Shams Free Zone, entrepreneurs gain access to a global network of markets and opportunities. The UAE's strategic location serves as a gateway to the Middle East, Africa, Asia, and beyond, enabling businesses to expand their reach and tap into new markets with ease. Moreover, Shams Free Zone's strategic partnerships and initiatives facilitate international trade and collaboration, opening doors to new business prospects and partnerships.

 

Conclusion:

 

In conclusion, Shams Free Zone offers a compelling array of benefits for entrepreneurs looking to establish and grow their businesses in the UAE. From 100% foreign ownership and tax exemptions to strategic location, modern infrastructure, and business support services, Shams Free Zone provides a conducive environment for startups, SMEs, and multinational corporations to thrive and succeed in the dynamic business landscape of the UAE.

 

FREQUENTLY ASKED QUESTIONS

What is Shams Free Zone?

Shams, or Sharjah Media City Free Zone, is a dynamic business hub in the UAE, specifically designed to support media and creative industries. It offers a range of business structures and incentives to attract entrepreneurs and investors.

Both local and foreign entrepreneurs, including individuals and corporate entities, can establish companies in Shams Free Zone. It caters to various industries within the media and creative sectors.

Shams Free Zone allows the setup of Free Zone Establishments (FZE), Free Zone Companies (FZCO), branches of foreign companies, branches of UAE companies, freelancer permits, and service agent arrangements.

Shams Free Zone offers the flexibility of 100% foreign ownership, providing entrepreneurs with full control over their businesses without the need for a local partner.

Yes, companies in Shams Free Zone enjoy a 15-year exemption from personal and corporate taxes, which can be renewed for an additional 15 years. This creates substantial tax savings for businesses.

Yes, companies registered in Shams Free Zone have the flexibility to conduct business both within the free zone and with entities outside the free zone, both domestically and internationally.

Yes, foreign companies have the option to set up branches in Shams Free Zone, allowing them to extend their operations into the UAE without the need for a local partner.

Yes, foreign companies have the option to set up branches in Shams Free Zone, allowing them to extend their operations into the UAE without the need for a local partner.

A freelancer permit in Shams Free Zone allows individuals in creative and media-related fields to operate as independent professionals, providing services within the free zone.

For businesses falling under specific categories, a service agent is required. They assist in obtaining necessary permits and licenses from regulatory authorities within the UAE.

Shams Free Zone offers various types of licenses, including commercial, service, industrial, and freelance licenses, catering to different business activities.

Shams Free Zone accommodates a wide range of business activities, including trading, consulting, media production, manufacturing, technology, and more. Almost all types of businesses can operate within its premises.

The process of obtaining a business license in Shams Free Zone typically takes around 2 to 5 working days, depending on the type of license and completion of required documentation.

Yes, having a physical office space within Shams Free Zone is usually a requirement for obtaining a business license, although there are options for shared office spaces and flexi-desks.

Yes, companies registered in Shams Free Zone can conduct business both within the free zone and internationally, enabling them to reach markets beyond the UAE.

Shams Free Zone allows companies to hire foreign employees without restrictions, provided they comply with UAE labor laws and obtain the necessary employment visas.

Shams Free Zone provides state-of-the-art infrastructure, including office spaces, warehouses, business centers, meeting rooms, and advanced telecommunications facilities.

No, there are no restrictions on currency exchange or repatriation of profits for businesses operating in Shams Free Zone, allowing seamless international transactions.

Yes, Shams Free Zone offers incentives such as discounted license fees, flexible lease terms, access to funding, and support services to encourage businesses to expand or relocate.

Yes, companies in Shams Free Zone can conduct international business transactions and export products or services to customers worldwide without restrictions.

Shams Free Zone welcomes a diverse range of companies from various industries, with no specific restrictions on the types of businesses that can operate within its premises.

Yes, Shams Free Zone offers flexible lease options, including short-term leases, shared office spaces, and virtual office solutions, catering to the needs of businesses of all sizes.

No, there is no minimum requirement for the number of shareholders in a company established in Shams Free Zone, allowing sole proprietors and multiple shareholders to set up businesses.

Shams Free Zone provides a customs-free environment, allowing companies to import raw materials and machinery for manufacturing purposes and export finished products without customs duties.

Shams Free Zone offers special packages, mentorship programs, networking events, and access to funding to support startups and small businesses in their growth journey.

Shams Free Zone adheres to the regulatory frameworks established by the UAE government, with specific regulations tailored to different industries such as media, technology, and manufacturing.

Yes, companies can establish branches or subsidiaries of their existing businesses in Shams Free Zone to expand their operations or access new markets within the UAE and beyond.

Shams Free Zone provides a range of support services, including legal assistance, visa processing, company setup guidance, business consultancy, and networking opportunities.

Yes, companies in Shams Free Zone can apply for multiple licenses to conduct different business activities under the same corporate entity, facilitating diversification and expansion.

Winding up a business in Shams Free Zone involves submitting a liquidation application, settling outstanding dues, cancelling visas, and complying with legal requirements outlined by the authorities.

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I recently worked with this law firm to prepare a will and a power of attorney, and I couldn’t be more satisfied with the service I received. From start to finish, they were incredibly well-organized,…
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My wife and I had a great experience working with Firm Advice to finalize our Wills, and we’re especially grateful to Feba Thomas for her clear guidance and professionalism throughout the process. She…
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From the beginning till the end, the procedure was made very simpe and smooth. Feba, the person of contact was very prompt in her reply to any query. I highly recommend this firm for preparing and reg…
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Really smooth and easy service. Not many lawyers in Dubai know their way around Will registrations. Firm Advice was a happy suprise. They knew what they were doing and made us feel safe.
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Dealing with Firm Advice was a pleasure from beginning to end; all online - questions were answered clearly, the full process laid out and very easy to navigate. Feba helped me throughout the whol…
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09-Jun-2025
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laurent schmitt
09-Jun-2025
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Romaine Quintal
10-May-2025
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Paul Cooper
10-Apr-2025
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PRAVEEN INDUKURI
11-Mar-2025
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Brandon van den Berg
11-Mar-2025
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12-Oct-2024