Sharjah Media City Free Zone (SHAMS)
The Sharjah Media City freeport is a dynamic, innovative initiative designed to promote the growth and proliferation of startups and SMEs, providing creative entrepreneurship accessible to all. SHAMS was designed for people who want to start their business in the media and artistic industry. But the holistic business growth environment has allowed a variety of different industries to rise here.
Advantages of SHAMS free port formation
100% foreign ownership
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No tax and no import or export duties
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Easy to acquire a visa
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No NOC required
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Apart from these aids, SHAMS also provides a variety of offices for creative entrepreneurs. Options ranges from dedicated office spaces, shared office spaces, and creative units which are stand-alone offices and community areas.
SHAMS Company Formation
- Independent operating entity
- Entitled to open a business checking account
- Entitled to sponsor employee(s)
- Entitled to get a license
- Get a license
- Sponsor employee(s)
- Open a business checking account
Documents required for company formation
To ease the entire process of company formation, the SHAMS Freezone Authority requires only a few documents to set up the company. These documents are:
- Passport copy of the shareholder
- Passport size photo
- Application
- License showing the commercial activity
After the process of incorporation is completed, the business owner can open a checking account in any local bank. On the completion of registration, these documents will be presented to the business owner:
- Certificate of Incorporation
- License with registration number, name, address, commercial activity, etc)
- Memorandum of Association
- Share Certificate
- Occupancy Agreement
- Sharjah has been the UNESCO World Book Capital City of 2019
- Capital of Islamic Culture 2014
- Capital of Arab Press 2016
- World Book Capital 2019
- Two coastlines – Indian Ocean, Arabian Gulf
- Sharjah Arab Tourism capital 2015
- World Class Infrastructure Great landscape, amenities, and wildlife
- 100% repatriation of capital and profits
- Proximity to the Sharjah
- International Airport
- Easy business setup process
