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  • SHAMS Free Zone (Sharjah Media City)

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SFM IN PRESS

Changes to UAE Policies on Business Ownership and Residency

28 June 2018

The United Arab Emirates, which previously did not allow 100% ownership of foreign business entities or long residency, recently changed both policies. In a move that’s delighted business leaders right across the board, the country’s cabinet announced the changes would come into effect at the end of the year.[..]

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Our approach to protect data

20 May 2018

Much echo is being given nowadays to the looming implementation of the new European regulations regarding the processing of personal data, the General Data Protection Regulation (GDPR), and not only in the European Union.[..]

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SHAMS FREE ZONE (SHARJAH MEDIA CITY)

Our Commitment

  1. Your Company in SHAMS Free Zone formed within 5 working days. *
  2. Competitive and transparent pricing
  3. Complete confidentiality
  4. UAE Residency Visa for you and family members
  5. Setting up your company with a bank account including eBanking and debit card
Sharjah Airport International Free Zone Company

Sharjah Media City Free Zone Company Main Characteristics:

Company typeFree Zone Limited Liability Company
Governing corporate legislationSharjah Media City (SHAMS) Free Zone Authority
Information published relating to company officersCompany director names are not disclosed
ConfidentialityComplete confidentiality
Accounting requirementAccounts and auditing are not required
TaxationNo corporate or personal taxation
LegislationSharjah Media City (SHAMS) Free Zone Authority 
Standard currencyUAE Dirhams pegged to USD
Time to form5 working days
CommunicationEfficient communication
Local sponsor requirementNot needed
Residence visa issuanceResidence Visa issued
Number of directors neededA minimum of one director

Benefits:

  • Strategic location
  • State-of-the-art infrastructure
  • World-class facilities
  • Single window convenience for administrative services
  • Investor-oriented management
  • 100% corporate tax exemption
  • 100% personal income tax exemption
  • 100% import & export tax exemption

Investment Incentives:

  • 100% foreign company ownership
  • 100% repatriation of capital and profits
  • No currency restrictions

Information concerning SHAMS Zone

SAIF ZONE

Sharjah Media City is located in the emirate of Sharjah, the cultural capital of the UAE. Shams was launched in January 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. The Shams community fosters a vibrant ecosystem for innovation to live, learn and co-create

As a world-class Free Zone hub for innovation, Shams sets the benchmark for service and support to those wishing to set-up and launch their business with specialized facilities for the creative and media industries.

* Please refer to our Terms & Conditions