Sharjah Media City Company Formation
From initial frameworks to effective incorporation, Supreme Services simplifies the pathways for starting a business in Dubai, paving the way to success.
Company Formation
Sharjah Media City
Sharjah Media City (Shams), also known as Shams Free Zone, has established itself as a prominent entity in the UAE’s corporate sector by promoting media businesses and creating a favorable environment for various other industries. Shams’ policies and regulations have attracted not only investors but also entrepreneurs. Additionally, it has elevated the UAE as a leading business hub. With its strategic location and comprehensive facilities, Shams Free Zone offers opportunities for growth and expansion to businesses seeking progress in the region.
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What does the free zone offer?
Sharjah Media City provides more benefits to businesses compared to the other zones set up in the UAE. It has simplified the regulations for establishing businesses based on certain guidelines. Below are some of the unique advantages offered by Sharjah Media City to investors and business owners.
Company Formation
Advantages of Sharjah Media City
Is NOC Required Or Not?
The UAE government has announced that business owners with a UAE residence visa do not need to obtain a No Objection Certificate (NOC) from a local sponsor to establish business operations in Sharjah Media City. This relaxation has been provided to reduce the friction businesses face due to documentation requirements.
100% Repatriation Of Capital And Profit
100% capital and profits repatriation benefit is available to businesses operating in the Shams Free Zone. Entrepreneurs do not need to share these profits with other entities or individuals. Additionally, no corporate or personal income tax is imposed on these profits. This allows business owners to retain the entire profit.
Investor and Partner visas
In a desk-sharing arrangement, visas are granted to up to 6 individuals, so shareholders in the Shams Free Zone are not required to be physically present in the UAE. This allows both investors and partners to easily obtain visas valid for up to 3 years. Moreover, unlike other free zones, there is no need to rent offices to facilitate visa allocation for company staff.
Company Documentation Duration
Starting a business in Sharjah Media City is an easy and transparent process. The company registration process is very fast, and the required documents are completed within a few days without the hassle of unnecessary bureaucracy
