Meydan FZ
Welcome to Highgate Business Management Consultant’s Sharjah Media City Freezone (SHAMS) location page! SHAMS, also known as Sharjah Media City Freezone, was established in January 2016 by the supreme council member and ruler of Sharjah, His Highness Dr Shaikh Sultan Bin Mohammad Al Qasimi, through Emiri decree no 10 of 2016. This freezone is located in the emirate of Sharjah, which is known as the cultural capital of the UAE. SHAMS was launched in 2017 with a vision to accompany media and creativity in the region and to inspire business growth through creative entrepreneurship.
At SHAMS, you can shape the future of your business. We offer a vibrant ecosystem with great innovation where people live, learn, and co-create. Our community provides a unique opportunity to inspire and grow your business in the media industry. We can help you with company setup in SHAMS, which offers many benefits such as:
- Allocation of up to 6 visas on shared desk facility
- No initial deposits are required
- Investor visas with no age limitations
- Ability to appoint corporate directors
- Limited liability companies
- 100% repatriation of profits and capital
- Complete foreign ownership
- Free from corporate or personal tax
- Strategically located, 5 minutes from Sharjah Airport and 25 minutes from Dubai airport.
We provide four facility options, including shared desk, dedicated office, dedicated desk, and shared office space designed to serve clients. Our community caters to your needs and requirements once the community is developed. Having a shared workspace facilitates a co-working environment in SHAMS, which is a great option for start-ups where they can interact with other like-minded people and foster collaboration.
The following are the features of setting up a company in SHAMS:
- Sharjah Media City can be incorporated with one or a maximum of 50 shareholders.
- The shareholder can be either an individual or a corporate entity.
- The capital requirement for SHAMS LLC is around AED 100,000. The capital contributed for SHAMS LLC can be used to run their operations, and an initial deposit of the capital amount is optional.
- Sharjah Media City LLC need not file its audited annual accounts to the free zone authority.
- The companies in SHAMS LLC are regulated by the rules and regulations of the free zone authority.
The following are the features of setting up a branch office:
- A branch is usually an extension of the parent company.
- They don't require any minimum capital.
- The audited financials are not required to be submitted to the FZ authority.
- The branch office has no special implementation rules and regulations in the free zone.
- The branch requires only a single manager.
At Sharjah Media City Freezone, we aim to build an innovative business hub for the media industry. We support a wide range of businesses that wish to embark on their entrepreneurial journey in the UAE. Get a creative workspace in Sharjah Media City to foster your business requirements. Contact us today to learn more about company setup in SHAMS!
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