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UAE Corporate tax of 9% to take effect from 1st June 2023

Shams, Sharjah Media City

Sharjah Media City(SHAMS) launched in 2017 with a vision to be a world-class hub for media and creativity in the region. Shams mission is to make creative entrepreneurship accessible and inspire business growth in the region.

Establishing a company in this Free Zone with us has the following benefits:

  • Company Setup options starting from AED 9,000 per year –

    We have fully inclusive packages starting from as low as AED 9,000 per year, as well as more comprehensive packages, which include an extensive range of business support services.

  • Physical presence in the UAE not required to incorporate your new company –

    The company formation process can be completed from the comfort of your own home via the Free Zone’s simple and quick application process.

  • No NOC required –

    If you already hold a UAE residency visa, we don’t require an NOC from your current sponsor in order to form your new company.

  • No Paid up Share Capital or Annual Audit –

    Unlike many other Free Zone options, you aren’t hampered by having to block a large share capital amount with your bank in order to form your new company, nor do you have to go through the time and expense of a cumbersome company audit every year to renew your Business License.

  • 100% repatriation of Capital and Profits –

    Unlike many other countries, you will have full freedom to repatriate all your invested capital and profits, furthermore in the UAE there are also no foreign exchange controls and currency restrictions.

  • All Company Documentation issued within days –

    Thanks to our convenient and simple application process all your new company documentation will be issued within days.

  • Investor & Partner Visas –

    You have the ability to apply for an investor/partner visa for your company with the minimum age of 19 years old. Furthermore the investor/partner visa is valid for 3 years.

  • Flexible visa allocation to better suit your company’s requirements –

    You have the flexibility to staff your new company adequately from the outset, and unlike other Free Zone options, the visa allocation is available without having to rent large and costly office space.

About Shams

Entrepreneurs, SMEs and start-ups are given the access to establish and grow their businesses both locally and globally with Shams Free Zone. Shams offers creative and talented individuals innovative and community centered services and serves as a great venue for setting up and launching businesses.

Shams is located in the Emirate of Sharjah, a region servicing tourism, business and talented individuals with world-class infrastructure, ammenities and services supporting a diverse economy, culture, education and modernity.

WHY SHAMS

Shams offers foreign investors a zero corporate tax and no import and export taxes and a lot more benefits. Sharjah is a perfect place that represents safe and growing environment for any type of company formations. UAE is globally known as one of the best trading hubs and Sharjah is the largest contributor to its non-oil sector that contributes 45% of 70% UAE GDP.

Shams License allows a company to operate its business within Shams Free Zone for a number of activities. Below are type of Shams Licenses available:

  • Commercial Trading License

    Allows the client to import, export, distribute, consolidate and store items specified in the license.

  • General Trading License

    Allows the client to import, export, distribute, consolidate and store items of a diversified, unlimited and unrelated number of products (multiple products).

  • Be one of the entrepreneurs who successfully completed a company formation and now part of the Shams growing community.

SHARJAH MEDIA CITY (SHAMS) FREE ZONE

A- LOCAL FEES TABLE

Type of License:
A license depends on the company’s activity and is required to conduct this activity. The below costs include the registration and License costs.
Consultancy-Service Commercial License       : Activity type I

1st Year

Subsequent Year

No visa

AED 11,500

AED 11,500

1 visa

AED 16,600

AED 16,600

2 visas

AED 18,200

AED 18,200

3 visas

AED 19,800

AED 19,800

4 visas

AED 21,400

AED 21,400

5 visas

AED 23,000

AED 23,000

6 visas

AED 24,600

AED 24,600

General Trading License : Activity type II
No visa

AED 16,500

AED 16,500

1 visa

AED 21,600

AED 21,600

2 visas

AED 23,300

AED 23,300

3 visas

AED 24,800

AED 24,800

4 visas

AED 26,400

AED 26,400

5 visas

AED 28,000

AED 28,000

6 visas

AED 29,600

AED 29,600

Office Facility :
An Office is required to be granted a license. The number of visas will depend on the type of license and the rented space. One visa is granted per 9 sqm

Size (sqm)

1st Year

Subsequent Year

Shared desk officeIncluded

Business Center Office

On demand

On demand

On demand

Miscellaneous Documents :
To register in Residency Department an Establishment Card is required.

1st Year

Subsequent Year

immigration Card

AED 1,500

Audit Appointment Letter

AED 1,500

Operational Fitness Certificate in case Physical Office

AED 450 – 1,050

Visas:
A Bank Guarantee Deposit is not required.

1st Year

Subsequent Year

Investor visa  – 3 years validity

AED 3,600

Employee visa – 2 years validity

AED 3,000

Guarantee Deposit per visa

Medical test and ID

AED 1,300

    Type of set-up preferred: Regular CompanyBranch of UAE-based CompanyBranch of Foreign CompanyEstimated Number of Visas required: Proposed Company Names: Brief Business Summary: I want to receive the latest promotions and updates from Wise Consultancy

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