SHARJAH MEDIA CITY (SHAMS) FREE ZONE COMPANY FORMATION
Company Registration In SHAMS Free Zone UAE
Sharjah Media City (SHAMS Free zone) is a highly respected and efficiently organized Freezone in the Emirate of Sharjah, UAE. It offers affordable business licenses for a wide range of activities, attracting companies from over 160 countries. With its headquarters in Sharjah and an office outlet in Dubai, SHAMS caters to the urgent needs of its clients.
Renowned for its cost-effective license packages starting from AED 8,050, SHAMS Free Zone Authority enables a remote company formation process that can be completed within just 2 working days.
To incorporate a company, the process begins with filing an application for name approval. Alongside this, the shareholders/directors need to provide their passport copies and passport-sized photos. It is worth noting that a single shareholder can fulfill all roles, including being the shareholder, director, and person in charge of the company.
For a single shareholder, an investor visa can be obtained under the company, while multiple shareholders are eligible for partner visas. These visas can be applied for after the company is incorporated, granting investors hassle-free three-year visas that can be renewed without any complications.
In terms of capital requirements, any company incorporated under SHAMS Freezone Authority must have a starting capital of AED 150,000. The total number of shares is set at 150, with each share having a value of AED 1000.
Under the legal structure of a limited liability company (LLC) within SHAMS Freezone, shareholders are only liable for any company defaults up to the value of the shares they hold. It is important to note that proof of capital is not required to be shown to the Freezone authority, making it easier for investors to register their companies in SHAMS by simply paying the license fee.
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Advantages Of Sharjah Media City (SHAMS) UAE
- Minimum cost without visa is AED 8,050
- Wide choice of different business activities
- Possibility of obtaining 6 visas for shared desk option
- Deposit is not required
- No age restrictions for investor visas
- No need for Physical presence in the UAE to set up your company
- You could appoint Corporate Directors and Corporate Managers for your enterprise
- The most simple and quick online process of registration
- Your company documents will be issued within few days only
- Companies will be limited in liability
- Perfect strategical location in 15 minutes from Dubai International Airport and 5 minutes from Sharjah Airport
Benefits Of A Free Zone Company In Sharjah
- 100% foreign ownership in Sharjah Free Zone
- 100% duty exemption for import and export of all goods
- 100% exempted from all commercial deductibles by the state government
- 100% repatriation on capital invested and profits gained
Type Of Licenses In SHAMS Free Zone
- Service license – allowing you to produce, re-produce, make transformation, and distribute different kind of services. Service license includes rendering services as a primary objective and utilizing goods to render a service.
- Industrial license – You could open the business which is involved in production, re-production, transformation and manufacturing of goods.
- Trading license – Selling goods inside Shams freezone or import and export the goods. The trade license is including: movement of goods, wholesale and retail sale of goods and the rendering of services related to the sale of these goods. Wholesaling and retailing are the final steps in the distribution of goods.
Documents Required For Company Setup In SHAMS
SHAMS Freezone Authority requires minimum documents and information to setup company.
The documents required for company formation in shams are
- Passport copy of Shareholder
- Passport size photo
- Application.
The Business Activity to be shown on License and address of Shareholder is also required.
Team Pravo will support in the entire process starting from the name approval of company. It will advise to submit passport copy for a pre-approval in the case some nationalities.
Documents Receivable After Incorporation
SHAMS issues a full set of Company documents after registration of Company. This complete set of documents enables the owners to setup a bank account in any local Commercial Bank. Following are the documents given upon incorporation:
- Certificate Of Incorporation (COI)
- License (showing License number, Company name, address, business activity, Shareholders & Person In Charge)
- Memorandum of Association
- Share Certificate
- Occupancy Agreement (equivalent to tenancy contract)
Most Popular Package
The One Visa Quota Company package, priced at AED 13,420, reigns as the most sought-after option in SHAMS Freezone. However, an increasing number of investors are gravitating towards the 3-year License package, which offers discounted fees and includes a 3-year Visa. This choice ensures that no payments are required to run the company during this period and shields investors from any potential fee increases.
Sharjah Media City Freezone Visa Quota And License Package Cost.
The Multi-Year License Package offered by Sharjah Media City is a perfect option for investors seeking a long-term strategy. It not only provides an ideal solution for those who wish to avoid the hassle of yearly license renewal payments but also ensures a seamless experience for investors looking to secure a stable and reliable business setup.
Clients can opt for our business license packages for 2, 3, or 5 years, ensuring seamless company license renewal for the chosen duration. Simplify the process with a one-time payment.
License packages | Actual packages Cost in AED | Discounted price (License Fee) in AED | |||
|---|---|---|---|---|---|
1-Year | 2-Year Package | 3-Year Package | 5-Year Package | ||
0 Visa | 11,500 | 8,050 | NA | ||
1 Visa | 16,775 | 11,743 | 23,485 | 35,228 | 54,519 |
2 Visas | 18,375 | 12,863 | 25,725 | 38,588 | 59,719 |
3 Visas | 19,975 | 13,983 | 27,965 | 41,948 | 64,919 |
4 Visas | 21,575 | 15,103 | 30,205 | 45,308 | 70,119 |
5 Visas | 23,175 | 16,223 | 32,445 | 48,668 | 75,319 |
6 Visas | 24,775 | 17,343 | 34,685 | 52,028 | 80,519 |
Immigration Card & Visa Cost In SHAMS
| DESCRIPTIONS | FEE |
|---|---|
| Immigration Card (3 Years) Cost | AED 1,575 |
| E-channel registration | AED 2,525 |
| Employment Visa – 2 years | AED 3,416 |
| Investor / Partner Visa – 2 years | AED 3,416 |
| Change of Status | AED 997.50 |
| Medical (urgent) | AED 685 |
| Additional allocation of visas | AED 1,600 |
Timelines For Various Immigration Processes
Investors of the recently registered company at the Sharjah Media City Free Zone can efficiently process their Residence Visas within the specified timelines mentioned below.
TYPE OF TRANSACTION | TIMELINE |
|---|---|
Entry Visa (Normal) | 4-5 working days |
Entry Visa (Priority) | 1-2 working days |
Entry Visa (Resubmission) | 1-2 working days |
Residence Visa (Normal) | 4-5 working days |
Residence Visa (Priority) | 1-2 working days |
Residence Visa (Resubmission) | 1-2 working days |
Residence Visa Cancellation (Normal) – Investor/Partner | 3-4 working days |
Residence Visa Cancellation (Priority) – Investor/Partner | 2 working days |
Residence Visa Cancellation (Normal) – Employee | 3-4 working days |
Residence Visa Cancellation (Priority) – Employee | 1-2 working days |
Entry Visa Cancellation (Normal) – Investor/Partner | 3-4 working days |
Entry Visa Cancellation (Priority) – Investor/Partner | 1-2 working days |
Entry Visa Cancellation (Normal) – Employee | 3-4 working days |
Entry Visa Cancellation (Priority) – Employee | 1 working day |
Entry Visa & Residence Visa Cancellation | 1-2 working days |
PRO Services In Sharjah Media City
Our PRO Services in Sharjah Media City encompass a wide range of administrative and document clearing services. Our team of skilled professionals is highly experienced in liaising with various Government departments for efficient document clearing and obtaining necessary approvals.
PRO Services Package In Sharjah Media City
Our exclusive PRO Services Package for Sharjah Media City covers:
- Company formation application form preparation & Submission
- Document Attestation & legal translation
- Chamber of commerce, notary, foreign affairs attestation
- Company Establishment Card and Immigration Clearances
- Residence Visa and Emirates ID of the investors and employees
- Sponsorship Visa Cancellation and company de-registration
- Customs Registration and obtaining required clearances for trading
- Amendments and Renewal of Trade License
- Shareholder document preparation, Memorandum of Association, PO.Box Registration
- Financial Audits and Report preparation
- and many more…
Contact us now for the hassle-free company formation in SHAMS Free Zone.
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