Sharjah Media City Aspiring SMEs, startups established corporations or companies are offered smart innovative services by Shams. It has been launched as world class hub to provide modernized services to those desiring to establish their businesses within specialized facilities, like the media & creative industry. Shams is also seen as a forward thinking, dynamic initiative and holistic community having a clear objective to provide access to create entrepreneurship to all those concerned.

It has managed to establish the benchmark for support and service to those eager to launch and establish their business using specialized facilities for media & creative industries. It also offers holistic community centered approach combined with smart innovative services and emphasizes greatly upon localized content, to encourage actively entrepreneurial talents from within the ever-growing and thriving community.

The mission is to ensure access to creative entrepreneurship to all aspiring SMEs, startups and established firms who desire to develop their business on a global and local scale. Shams strives to be a dynamic initiative to develop strong connection with talented individuals, it manages to attract.

License types

• Service License:
  • Offers services, like non-goods.
  • Offers services as primary objective when using goods like media productions, restaurants, etc.
  • Production
• Trading License: Import or export of goods or selling within Shams: goods movement, retail sale and wholesale, rendering services associated with sale of such goods.
• Industrial License: Manufacturing, transformation, re-production and production of goods.

Shams business facilities offered

• 100% free fund transfer
• 100% profit and capital repatriation
• 100% foreign ownership
• No Annual Audit or paid-up share capital
• NOC not necessary to start own company
• Incorporation of new company does not require physical presence in UAE
• Company establishment options beginning from Dhs. 11,500
• Huge activities covering industrial licenses, trading and services with multiple visas
• Easy recruitment process and inexpensive workforce
• Necessary documents issued in two days time
• % Corporate tax for fifty years
• 0% import/export duties

Shams company formation

1. Shams LLC:

Benefits:

• Entitled for new business bank account
• Entitled for employee(s) sponsor
• Entitled towards obtaining license
• Independent operating entity

Shams LLC (Limited Liability Company) is considered to be an independent entity, where shareholders and owners of the company are separated by the company structure. Therefore, the company liability arising from contract or otherwise, are regarded to be liabilities of the company and not the shareholders’ personal liabilities. Similarly, the assets of the company are company assets and not the shareholders’ personal assets.

2. Shams branch:

Benefits:

• Entitled for new business bank account
• Entitled for employee(s) sponsor
• Entitled towards obtaining license

Shams branch can be considered to be an entity of the existing parent company. The branch’s other returns, gains, benefits and profits are deemed to be the parent company’s other returns, gains, benefits and profits. Similarly, all other liabilities, including debts, expenses and costs related to the branch are considered to be the parent company’s other liabilities, debts, expenses and costs.