Shams Free Zone Company Formation
Last updated on April 18, 2022
Sharjah media city is situated in the state of Sharjah; which is the cultural capital of the UAE. It is also known as Shams free zone. Shams free zone was started in January 2017. The vision of Sharjah media city free zone is to be a world class free zone; that is for media and creativity in the UAE. The mission of Shams free zone is to make creative personal accessible; as well as stimulate business progress in the state. The Sharjah media city free zone community also look after an exciting bio network for revolution to live; learn and as well as co-create.
Sharjah media city free zone stand as a world class free zone hub for innovation; Shams free zone create the standard for service; so that to give support to those who is wishing to start and setup their business; with expert conveniences for the creative as well as media productions. A Sharjah media city free zone offers smart new services; that is together with a full community with focus approach. This free zone brought countless value on local content and raises the spirits of entrepreneur from inside this blooming community.
The mission of Shams free zone company formation is to create a creative private enterprise available to all ambitious person; SMEs and established companies determined to grow their business both locally as well as globally. Shams free zone is a dynamic creativity that creates a solid link; that is with the brilliant persons which it attracts to the region. As an innovative advance intellectual community; it will motivate and form our world and celebrate it many successes; both individually and as well as in a group.
Benefit of Shams Free Zone Company Formation
Shams free zone is a newly born free zone and a new addition to the UAE free zones. It offers a wonderful package to set up company in this free zone. The cost effective and time efficient process creates shams free zone is the best choice for free zone company setup.
- Shams Free zone company formation offers 100% foreign ownership
- No need of Physical presence in the UAE; that is to set up your new company in the free zone
- Sham free zone company setup cost starting from AED 11,500
- It offers 0% import as well as 0% export duties. And it has 0% personal income tax
- It offers very easy processes for company formation and also for visa processing.
- NOC is not requires to set up a company in shams Free zone.
- No constraint on capital repatriation as well as on profit. 100% free transfer of funds
- It will issue company set up documentation in just 2 days.
- No paid up share capital as well as no annual audit needed; that is for the renewal of the company.
- No constraint on going to hiring new foreign employees
Type of Shams Free zone company formation
Sharjah media city free zone represents a harmless and advanced situation for shams free zone company formation. It offers so many benefits to foreign investors; such as 0% corporate, import as well as export taxes, in addition to other advantages. The UAE is well known trading hub in the world; which mainly boast non-oil zone that donates nearly 70% of the GDP; 45% of which is donated by Sharjah trading activities. Sharjah media city free zone demands to join the community of thousands of entrepreneurs; who have successfully started his business; and are now the parts of this blooming community.
Shams Free zone company formation as LLC
A Shams Free zone company formation LLC is an autonomous body; that is where the business structure splits the shareholders from the company. The liabilities of the company are restrict to the extent of the share of the shareholder. So the company asset is belonging to the company and is not the personal assets of the shareholders. This type of a company is Independent operating company. A Shams Free zone company setup LLC is allows getting a proper license; it also allow to obtain sponsor as well as employee visa. And the most important thing is it allows for opening a bank account.
Shams Free zone company setup as a branch
A branch company formation in Shams free zone is an entity which belongs to an existing company. All profits, benefits, gains and other revenues of the branch; will be the revenues and advantages as well as other returns of the parent company. Similarly, all the costs, all the expenses and all the debts of the branch; are costs of the parent company. Branch company formation in sharjah Shams free zone is allows getting a proper license; it also allow to obtain sponsor as well as employee visa. And the most important thing is it allows for opening a bank account
License for company formation in Shams free zone
There are three main type of a license allow in Sharjah Media City free zone.
Services license in Sharjah Media City free zone enable you for production as well as re-production; delivery of services and renovation. Service license is for those people who want to provide service to other businesses or individuals.
Trading license in Sharjah Media City free zone allows selling goods within Sharjah Media City free zone; or importing and exporting of goods outside the free zone. It includes all physical goods.
Industrial license is for those people who want to manufacture goods in free zone; or want to setup an industrial factory.
We are the register as well as approve consultant of Shams free zone. We can advise you the best solution to start your business in Sharjah Media City free zone. You can contact us via email and make a call today!