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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.[..]
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.[..]SHAMS FREE ZONE (SHARJAH MEDIA CITY)
Our Commitment
- Your Company in SHAMS Free Zone formed within 5 working days. *
- Competitive and transparent pricing
- Complete confidentiality
- UAE Residency Visa for you and family members
- Setting up your company with a bank account including eBanking and debit card
Sharjah Media City Free Zone Company Main Characteristics:
| Company type | Free Zone Limited Liability Company |
| Governing corporate legislation | Sharjah Media City (SHAMS) Free Zone Authority |
| Information published relating to company officers | Company director names are not disclosed |
| Confidentiality | Complete confidentiality |
| Accounting requirement | Accounts and auditing are not required |
| Taxation | No corporate or personal taxation |
| Legislation | Sharjah Media City (SHAMS) Free Zone Authority |
| Standard currency | UAE Dirhams pegged to USD |
| Time to form | 5 working days |
| Communication | Efficient communication |
| Local sponsor requirement | Not needed |
| Residence visa issuance | Residence Visa issued |
| Number of directors needed | A 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
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
