Sharjah Media City or Shams Free Zone is one of free zones in UAE offering a world class media hub with innovative facilities and services to a large number of investors and entrepreneurs around the globe. SHAMS free zone was established in January 2017 and is the fast growing free zone since then. The beauty of SHAMS free zone company registration is that it offers a variety of commercial and professional activities and allows the mixture of these activities. SHAMS Free zone company formation process is simple and straight forward. Documents required for company registration in Shams free zone are simple. Shams company setup uses the suffix of LLC which is same as mainland LLC company registration. Business setup in Shams can be done remotely and Shams company incorporation documents are online verifiable which helps in international acceptability. 

Why Shams Free Zone Company Setup

Shams Company registration packages starting as low as AED: 11,500

Shams Company incorporation offers multiple activities in the same license (trading, service, media industrial)

100% repatriation of Capital

100% foreign ownership

0% corporate or income tax

Shams Free zone company allowed to use LLC suffix 

Full company registration process in Shams can be done remotely

Shams free zone company enjoys easy and fast banking facilities 

Sharjah media city companies don't require E Channel deposit of 5,000

We are approved registered consultants in Shams free zone offering a full spectrum of services to entrepreneurs and investors who want to business setup in Shams Free zone. We have a dedicated and experienced team serving to Shams free zone company registration clients. We offer a one stop shop for all your business requirements. You focus on your strategic planning and other important decision making tasks and our consultants will take care of all the company formation, visa processing and other legal issues.

Over the years, we have developed a practical and client requirements oriented approach towards the company formation which helps us to suggest the legal form of the company, free zone or mainland jurisdiction, customs rules, VAT implication and other regulatory issues. We have a very good experience in banking sector for shams free zone company bank account opening and we are having a success rate of 90% plus.

Available Legal Forms for Company formation in Sharjah Media City

Limited Liability Company (LLC) 

A limited liability company

Branch of foreign company

Subsidiary Company registration

 

Business license types 

Service License

Trading license

Industrial License

Social Media Influencer License

License Packages for available

Shams free zone company registration packages are flexible and designed to cater the requirements of the investors and entrepreneurs. Company formation packages starting from AED: 11,500. Package varies on number of visa required. Please consult with out team for further details.

Documents required for shams company registration

Color Passport Copy​ 

UAE visit visa or entry stamp if applicable

Proof of address 

Application and undertakings

Color photograph with white 

Corporate Shareholder documents

 

Certificate of formation/incorporation/registration/commercial license

Certificate of incumbency/good standing

Memorandum of association

Board resolution

Company manager KYC documents (same as shareholder documents mentioned above)

Timeline for Company Formation

Shams FZ company registration without visa option will be done within two days. Companies with visa option will take 3 to 4 working days depending on the residence visa of the shareholder and nationality. Some investor nationalities need pre approval from immigration. Please contact us for the further details

Some key notes 

Shams free zone companies can have a maximum of 50 shareholders

Sharjah Media City allows maximum of 4 directors in a shams fz company

The shareholder should have a minimum of 19 years age

The employees of Sharjah Media City company should be at least of 18 years old

The maximum age for partner or investor visa is 69 years

The maximum age for employee visa is 57 years

Memorandum will be issued if companies have more than 1 shareholder, however companies with 1 shareholder can also apply for MOA by paying addition fee

Additional documents may be required for some professional and financial activities

Certain business activities require third authorities approval or NOC. Client need to manage external approvals

For Educational licenses a business plan or synopsis should be submitted

Pre-approval will be required for individuals either born in or nationals of Iran, Somalia, Yemen, Tunisia, Syria, Iraq, Afghanistan, Algeria, Nigeria, Palestine, Sierra Leone, Bangladesh, Egypt, Ethiopia, Guinea, Kenya, Lebanon, Liberia, Libya, and Turkey

All the shams free zone companies should have share capital value of AED 100,000 by default unless a specific amount is requested by the shareholders during the company formation.

All the shams companies should renew or cancel the business license before the expiry

For multi company, additional approvals will be required for shareholder, director and manager

Shams company Shareholders, Manager and Directors will be required to undergo for their Identity Verification before the application processing and final issuing of the company license and/or amendment documents

The above identity verification outcome is only valid for next 6 months upon the issuance of the shams business license

Visa Related Key Notes

Visa application cancellation will not get any refund and process will be started from the first stage and new fees will be paid

If applicant has any overstay fines, those will be settled by the applicant

All the immigration cards will be help by Shams Free Zone and company will receive an electronic copy

The Medical examination authority may issue medical fitness for only 1 year

Shams authority is not responsible for any employment related issues

All the visa holder have to visit UAE within 180 days of their exit date from UAE

In case of immigration card rejection, shareholders should select either to downgrade the package or cancel the license within 90 days of the rejection notification 

For visa and immigration card, diplomatic passports are not accepted

Some activities are subject to the approval of immigration

Number of visa can be downgrade or upgraded if management of company requests

Overstay fines will keep incurring until the change of status is done

Individuals can exit UAE after the change of status till the visa stamping process is complete so we advise clients to discuss with us about their travel plans

If you are entering UAE on entry visa, please check with your air for OK to Board stamp

 

For Any further questions or queries, please feel free to contact us.

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