Are you an entrepreneur with a vision in media, marketing, or related fields?
SHAMS Free Zone (Sharjah Media City) in the United Arab Emirates might be the perfect launchpad for your business. This guide explores the benefits, setup process, and what SHAMS offers in 2024.
Why Choose SHAMS Free Zone?
SHAMS Free Zone stands out for its focus on media and creative industries. Here's what makes it so attractive:
Full Ownership & Control: Unlike some regions, SHAMS allows 100% foreign ownership and complete control over your business.
Tax Advantages: Enjoy significant tax benefits, including exemptions on corporate income, import/export duties, and the freedom to repatriate your profits.
Cost-Effective Start-Up: SHAMS offers affordable trade licenses, often starting around AED 5,750 (subject to change).
Fast and Streamlined Setup: The registration process is designed for efficiency, often completed remotely within days.
What Businesses Thrive in SHAMS?
SHAMS caters to a broad spectrum of media-related activities, including:
Advertising and Marketing
Public Relations
IT Services and Consulting
E-commerce Businesses
Graphic Design and Creative Services
Film and Print Production (with approvals)
And many more!
Setting Up Your Business in SHAMS Free Zone (2024 Update)
The process of setting up your business in SHAMS Free Zone is straightforward, especially with the help of a business setup consultant:
Choose Your Business Activities: Clearly define the core activities your company will undertake.
Select a Company Structure: SHAMS offers Free Zone Establishment (FZE) or Free Zone Company (FZC) structures, depending on your needs.
Prepare Required Documents: Gather necessary documents like passports, visa copies, business plans, and utility bills.
License Application: Apply for the appropriate business license based on your chosen activities. Costs and options may vary in 2024, so consulting a specialist is recommended.
Visa Processing: SHAMS allows up to six visas per company, with options for entrepreneurs, partners, and employees. Health insurance is required for visa applications.
Benefits Beyond Business Setup
SHAMS Free Zone goes beyond just company registration. Here's what you can expect:
Modern Infrastructure: Access state-of-the-art facilities and technological advancements.
Supportive Ecosystem: Network and collaborate with a community of creative and innovative businesses.
Streamlined Business Operations: Benefit from efficient services for banking, legal matters, and other needs.
The Cost of Success in SHAMS Free Zone
Transparency is important. While SHAMS offers a cost-effective setup, there are various fees to consider. A business setup consultant can provide a personalized breakdown, including:
License Fees (based on activity)
Visa Costs (application, medical checkups, Emirates ID)
Company Registration Fees
SHAMS Free Zone: Your Gateway to Media and Tech Success in 2024
With its affordability, streamlined setup process, and supportive ecosystem, SHAMS Free Zone presents a compelling proposition for media and tech entrepreneurs. Partner with Raes Associates to navigate the process efficiently and unlock the full potential of your business in 2024.
Contact Raes Associates today! Let our expertise guide you through establishing your business setup in SHAMS Free Zone. Contact us at +971-4-326-4445 or +971-55-5012638 or email us at info@raesassociates.com to schedule a consultation and turn your media vision into reality!