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Business Setup in Sharjah (SHAMS)
The Sharjah Media City or Shams is one of the latest entrants in the highly lucrative market of free zones operating in the UAE. It aims to be the hub for international media companies that seek to leverage the global outlook presented by Sharjah. With the option to form limited liability ventures, companies find Shams a viable free zone to invest in and grow their business beyond their competition. The easy documentation and licensing process mean that you can start operating in a matter of days of initiating the process.
Benefits of forming free zone companies in SHAMS
The Shams free zone ensures that there are well-equipped facilities available to media, radio, software and telecom businesses. Be it radio broadcasting, motion picture production, television programming house, advertising, photography, computer programming, data processing, or software publishing, many types of businesses can a high degree of visibility. Here are some advantages of opting for Shams free zone company formation.
- A broad array of business activities can be conducted on a given license.
- 100% foreign ownership is allowed at Shams.
- Zero personal or corporate tax.
- Ability to form limited liability companies.
- Cutting edge infrastructure like telecom, data, broadband, and IT setup.
- Streamlined licensing and quick business startup process.
- 0% import and export duties.
- Simple online registration and approvals and documentation completed within days.
- Shareholders need not be in UAE to incorporate a new company.
- 100% repatriation of profits and capital permitted.
- Easy access to skilled human capital.
Types of licenses available
Shams permits the below types of licenses
Service License
Professionals who can produce, re-produce, share, provide, or create services can opt for this type of license.
Trading License
This type of license is available to those companies that want to sell or buy goods within the Shams area. Be it wholesale, retail, or movement of goods, this license permits these types of businesses
Industrial License
This license allows for manufacturing or production of goods within the Shams area.
Holding license
This license permits holding of standalone assets or stakes within other companies. For this, a corporate entity (a holding company) needs to be formed for this purpose.
Types of legal entities
LLC
LLC companies clearly demarcate the extent of liability on the company and separates it from the owner or shareholder. Shams allows LLC companies to be formed in the free zone.
Branch of a company
Companies can also set up a branch in the Shams free zone. Companies that want to retain total ownership of the stock can opt for this and exercise complete control over the management.
Procedure to set up the company
Application submission
First you have to submit application and pay for licensing and immigration card (if needed).
Select a trade name
Next, you need to select a trade name that is not in use.
Procure license
Get the appropriate license as discussed above.
Get rental office space
Now, you would need a physical address for your office. Be it owned space or rented space, you need this to take the procedure to the next level.
Complete the pre-approval formalities
The initial approval is the stage when you can start your venture operation after certificate of formation, shared desk facility, and share registry. Once you get the licenses and office space, it is just a matter of 2 to 3 weeks to begin with your own business in UAE.
Why EBS?
EBS makes the entire process of company formation in Shams a hassle-free one. From procuring the right approvals based on your business and arranging for visas, to getting the appropriate licenses to commence operations, our team of experts stays with you at all times. We liaise with the government officials to get the paperwork done and have the physical office narrowed down to a space of your choice within Shams. For your media business, our skills in getting you a prominent position in Shams can be a vital foundation for a successful business set up in Shams.
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