Shams Free zone or Sharjah Media City is one of the newly launched free zones in the Sharjah Emirate in the first quarter of 2017. Shams Free zone is located in the Emirate of Sharjah, and Sharjah is servicing business, tourism, and brilliant individuals with world-class infrastructure. It is a hub for innovation in Media and the digital world and also a very economical option. A company in SHAMS free zone can be established from just AED 5,750
Shams free zone allows the youngest age of the company shareholders you can own a business starting from the age of 19. This is a great benefit not available in any other Free Zones. Company employees can be as young as 18 years old, which is also quite unusual in comparison to other Free Zones. All the documents of the companies are electronic you can print them out anywhere and may not worry about losing the originals. The documents can be always verified through the SHAMS website to make sure they are authentic.
Shams Free Zone Company Setup
Shams Free zone is providing almost all those services which are normally available in all other UAE free zones. They are offering the best license and business activities which is very interesting to those individuals who are going to start their business in the Free zone.
Types of companies in Shams Free Zone
Basically, there are two types of companies allowed to be established in the Shams Free Zone.
- Shams LLC Company Formation
- Shams Branch Company Setup
Licenses Offered by Shams Free Zone
Four licenses are available in the Shams Free Zone, with the option to invest in trading, service, industrial or holding license, depending on the requirements of the business.
Service License: It allows for production, re-production, transformation, and distribution of services. Service license includes rendering services as a primary objective and utilizing goods to provide them.
Industrial License: It allows for production, re-production, transformation, and manufacturing of goods. You could open the business which is involved in the production, re-production, transformation, and manufacturing of goods.
Trading License: It allows selling goods within Shams or importing and exporting goods. It includes the movement of goods, wholesale and retail sale of goods, and rendering of services related to the sale of these goods. Wholesaling and retailing are the final steps in the distribution of goods.
Holding License: It allows holding standalone assets and/or stakes in other companies. You would require a holding company for the purpose of controlling other companies (i.e.), property such as real estate, patents, trademarks, stock, and other assets.