Sharjah Media City (SHAMS)
Sharjah Media City which is otherwise known as SHAMS was launched in the year 2017, with an aim to become one of the major media hubs in the world and to invite the world’s best media talent and creativity experts. In such a huge trading hub like UAE, Sharjah is well recognised for its contribution in trading activities. Even though there are similar free zones such as Two Four54 and Dubai Media City in Abu Dhabi and Dubai, SHAMS portrays its uniqueness by offering smart innovative services blended with strategic approaches aiming communities as a whole.
SHAMS issues licenses to companies, freelancers and entrepreneurs working in the media, technology and creative industries with a sole aim enable the world class talents to explore and flourish.
Experience leads to expertise and expertise leads to wise decisions…CredentOne DMCC will assist you in taking right decisions at right time in the competitive UAE business environment.
ADVANTAGES OF BUSINESS SET UP IN SHARJAH MEDIA CITY
- 100% foreign ownership
- Zero corporate and personal income tax
- Company end name will be LLC
- Cost effective licensing
- NOC is not required to start your business
- No annual audit reports
- Big list of available activities under Trading, Service and Industrial licenses
- No physical presence in the UAE is required to incorporate your company
- No paid-up share capital
- Flexible visa solutions
- Allocation of up to 6 visas on a shared desk facility
- Companies will be limited in liability
- Located 15 minutes from Dubai Airport and 5 minutes from Sharjah Airport
WANT TO SETUP YOUR BUSINESS IN SHARJAH MEDIA CITY? CONTACT US TODAY!
SPECIAL SERVICES OFFERED BY CREDENTONE
CredentOne DMCC can assist you from the initial ground works required to start up a company and up to opening a corporate or personal bank account or obtaining a residence visa in UAE!.
We will assist you to choose the right corporate structure and license, based on your requirements and business goals in Sharjah Media City [SHAMS].
To know more about our services and fees for Sharjah Media City [SHAMS] company formation request a proposal for a free zone company formation or call us for consultation!
Estimate for New Free Zone Company in Sharjah Media City (SHAMS)
A smart entrepreneur will always look for the estimate and initial costs for the setting up his/her business as the first step. This page will give you an outline on different types of licenses, General Cost for setting-up a company in Sharjah Media City, as follows:
Types of Activities and Licenses
Each activity listed by Sharjah Media City can hold two types of Licenses which is explained below along with cost bifurcations:-
- Activity Type 1 includes Service, Consultancy and Commercial Licenses.
- Activity Type 2 is for General Trading License.
|Activity Type 1||Activity Type 2|
|No Visa||11,500 AED||16,500 AED|
|1 Visa Eligibility||16,600 AED||21,600 AED|
|2 Visa Eligibility||18,200 AED||23,200 AED|
|3 Visa Eligibility||19,800 AED||24,800 AED|
|4 Visa Eligibility||21,400 AED||26,400 AED|
|5 Visa Eligibility||23,000 AED||28,000 AED|
|6 Visa Eligibility||24,600 AED||29,600 AED|
Note: Value Added Tax (VAT) at the rate of 5% is applicable on all the fees.
License cost varies and depends upon the visa requirement and visa eligibility per license. Please note that the Shared Desk facility is available only for those licenses which eligible for UAE visa issuance. Company Registration can be done in al of the packages mentioned above.
- Resident Visa
In case you would like to apply for the UAE Residence Visa inside UAE, you can just apply for the Status Change service, which will not require you to exit the country, so that you could enjoy the hassle-free process.
|Investor Visa (valid for 3 years)||3,500|
|Employment Visa (valid for 3 years)||3,080|
|Medical Test, Emirates ID and Photo||1,240|
|Registration Fees for Immigration E-channels Registration (first time)||2,200|