Sharjah Media City (SHAMS)
Types of Licenses in Sharjah Media City Free Zone
1. Service License
A service license is meant for a business rendering services as a primary objective and utilizing goods to provide them.
2. Trading License
A trading license is required for the movement of goods, wholesale and retail sale of goods and rendering of services related to the sale of these goods.
3. Industrial License
An industrial license is for production, reproduction, transformation, and manufacturing of goods.
4. Holding License
A holding license grants one the right to hold assets and/or stakes of a company.
Key Benefits of Setting Up a Company in Sharjah Media City Free Zone
Company Formation Types in Sharjah Media City Free Zone
1. Shams LLC
A Shams Limited Liability Company (LLC) is an independent entity whereby the company structure separates the owners and the shareholders from the company.
2. Shams Branch
A Shams branch is an entity belonging to an existing parent company. All the profits and losses belonging to the branch will be the respective profits and losses of the parent company.
Facilities Provided by Sharjah Media City Free Zone
1. Dedicated Desk
These are basically fixed spaces, which means the enterprise has to work only in the space provided to them. It is ideal for today’s entrepreneurs seeking flexible space and networking opportunities.
2. Shared Desk
It is a common space shared by like-minded individuals, i.e., individuals who have started a business and cannot afford separate offices. Its modern aesthetic and practical setup makes it a pleasant environment.
3. Dedicated Office
A dedicated office is an assigned lockable office space that can be used on an individual basis. Ranging from a single desk space or possibly a group of desks, it offers a private working environment while encouraging collaboration among individuals.
4. Shared Office
A shared office gives more private space and allows for networking opportunities.
5. Creative Units
These units have facilities like stand-alone offices, office studios, showrooms, and community areas. But this space is currently under construction.
Why Sharjah Media City Free Zone?
Free zones are the most viable option when an entrepreneur wants to set up a business in the UAE. Since there are many free zones in all the 7 emirates, it becomes difficult to choose one particular free zone to set up the company. Here’s a list of why one should choose Shams for business setup in free zones.
1. Flexible Office Options
As mentioned in the list, Shams provide flexible office options. Currently, it offers flex-desk packages which allow entrepreneurs to use the free zone’s state-of-the-art business facilities on an ad-hoc basis. The free zone city is currently under construction but it is said to have facilities like a residential boulevard, a community plaza and a series of restaurants, shops, and hotels.
2. Straightforward Setup
The two-step process of Sharjah Media City makes this free zone popular among investors. It includes meeting the Shams officials with the required documents, and signing the official memorandum and submitting passport copies after the approval.
3. Perform a Broad Range of Business Activities
Shams is open to a broad range of business activities – over 200 in fact, including bookkeeping, HR, plumbing, publishing, hospitality, and wholesale. It is a home to retailers, events, e-commerce companies, and management consultancies.
Contact us to set up your business in Sharjah Media City, our team will be glad to assist you!
UAE Corporate Services