Value added Tax or VAT was introduced in the UAE on 1st January 2018 at the rate of 5% [..]
What does substance mean? [..]SHARJAH MEDIA CITY (SHAMS)
Our Commitment
- Your Company in Sharjah Media City (SHAMS) 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) |
| 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.
Click on the freezone area you want to learn more about, or visit our freezones page for a full comparison:
* Please refer to our Terms & Conditions
