Introduction
Sharjah Media City free zone which is called Shams free zone was launched in February 2017 specially for creative and media businesses.
Shams free zone covers a wide range of business activities for those who want to start their business in the UAE.
Why Shams Free Zone?
| 1 | Low company setup packages |
| 2 | “LLC” in the end of company name (like UAE mainland company) |
| 3 | Allocation of up to 6 visas on a shared desk facility |
| 4 | Wide range of business activities available |
| 5 | 100% foreign ownership |
| 6 | 100% repatriation of capital and profits |
| 7 | 0% corporate or personal income tax |
| 8 | No minimum capital deposit requirement |
| 9 | No annual audit requirement |
| 10 | No personal presence required for company setup |
Types of licenses
There are three types of licenses issued by Sharjah Media City free zone:
| 1 | Trading license |
| 2 | Service license |
| 3 | Industrial license |
Available Activities
Sharjah Media City free zone offers over 120 business activities to choose from with the flexibility to combine different activities on the same license.
Click here for Shams free zone activities
License cost
Sharjah Media City free zone is offering the cheapest company formation packages for trading or service license as per below:
| Visa eligibility | Package cost (AED) |
| 0 | 11,500/- |
| 1 | 16,775/- |
| 2 | 18,375/- |
| 3 | 19,975/- |
| 4 | 21,575/- |
| 5 | 23,175/- |
| 6 | 24,775/- |
Also Read : Free Zone company setup in UAE
Also Read : Options to get Dubai Investor Visa
Office cost
Sharjah Free Zone offers a Shared desk at the cost of AED 3,675/- which includes in the above-provided package cost.
Investor visa cost
The investor can apply for 3 years UAE residence visa and below shall be the charges for the same:
| Sr. No. | Particulars | Amount (AED) |
| 1 | Immigration card fee | 1,575/- |
| 2 | E-channel registration fee | 2,355/- |
| 3 | Investor visa cost | 3,675/- |
| 4 | Medical examination | 800/- (VIP 6 hours) |
| 5 | Emirates ID | 372/- |
| 6 | Additional allocation of visa | 1,680/- |
Documents required
| Sr. No. | Type of documents |
| 1 | Passport copy |
| 2 | Visa page or last UAE entry stamp |
| 3 | Passport size photo with white background |
| 4 | 3 company names |
| 5 | Latest address proof |
Note: Sharjah Media City free zone may ask for additional documents if needed
Estimated timeframe
| Sr. No. | Particulars | Working days |
| 1 | Issuance of trade license | 2 |
| 2 | Issuance of immigration card | 10 |
| 3 | Obtaining investor visa | 7 |
Conclusion
Shams Free Zone is the best free zone for creative and media businesses. This is the only free zone that is offering LLC prefix in the end of the company name like UAE mainland company. We, M/s The Prefect Advisors DMCC can assist in the formation of a company with Shams free zone and obtaining a visa. Kindly call us at +971-527938572 or email us at info@prefectadvisors.com for more information.
