In the heart of the UAE, the Shams Free Zone in Sharjah offers a gateway to limitless business opportunities, especially for the innovative and media-centric enterprises.
Established in January 2017, Sharjah Media City, commonly known as Shams Free Zone, quickly carved a niche as a thriving hub for creative entrepreneurship. Situated in the Emirate of Sharjah, it attracts a diverse range of young entrepreneurs and small to medium enterprises (SMEs) from across the globe. Its appeal lies in competitive pricing, innovative facilities, and a reputation for excellence, making it one of the most sought-after free zones in the region.
The free zone offers various license types to accommodate a multitude of business activities. Among its offerings are service and consultancy, trading, industrial, and holding licenses—each tailored to different industry needs. For instance, the service and consultancy license caters to media-related activities, while the trading license encompasses the import and export of goods.
One of the remarkable features of Shams is its electronic process for license issuance, which ensures swift and efficient company formation, typically completed in just three working days. This efficiency is complemented by the ability to set up companies remotely, providing options such as virtual offices.
A significant advantage of choosing Shams is the absence of corporate and income taxes, coupled with the freedom of 100% foreign ownership. Additionally, there’s no need for paid-up capital or a physical office space, which simplifies the setup process considerably. Entrepreneurs can operate flexibly and focus on growth without the usual overheads associated with traditional business models.
The reputation of Shams is not just built on cost-effectiveness or flexibility; the quality of customer service is also highly praised. Licenses are issued and verified electronically, contributing to a streamlined experience that ensures businesses can commence operations almost immediately after the necessary approvals.
Moreover, Shams provides a wide range of banking services, allowing for seamless corporate bank account setup with major banks in the UAE, further enhancing its appeal to international entrepreneurs looking to establish a presence in the Middle East.
The zone’s flexibility extends to the variety of permissible business activities. With over 120 activities available, including those in media, broadcasting, public relations, consultancy, and advertising, businesses have ample choice tailored to diverse sectors. This adaptability makes Shams an enticing option for anyone aiming to harness the potential of a free zone with minimal constraints.
Shams Free Zone represents an attractive proposition for visionary business leaders looking to leverage the benefits of a strategically located and well-structured free zone. Its focus on media and creative industries, along with streamlined processes and unmatched flexibility, provides a robust platform for businesses aiming for growth.
Source: Legalinz
