Since its establishment in 2017, Shams has quickly become one of the UAE’s most recent and most sought-after Free Zone locations. Located in the culturally diverse emirate of Sharjah, Shams is well-known throughout the country as a refuge for those interested in media and production. With its cutting-edge facilities and policies that are welcoming to investors, Shams offers businesses and individuals the perfect setting to realize their creative potential.
Unique Features of SHAMS
- SHAMS is purpose-built for the media and creative industries, offering a specialized ecosystem that caters to the unique needs of content creators, production houses, and media professionals.
- Shams facilitates networking opportunities through events, workshops, and initiatives, creating a platform for businesses to connect, share ideas, and explore potential collaborations.
- A cost-effective free zone for business owners.
- Whether you are in the UAE or overseas, you can register your company in AFZ 100% remotely.
Types of licenses available in SHAMS
SHAMS offers three types of licenses:
- Trade License
- Service License
- Industrial License
- Holding License
Benefits of setting up a business in ADAFZ
- 0% corporate tax on Qualifying Income
- 100% foreign ownership
- No currency restrictions
- Many business activities
- Physical presence of shareholders not required
- No requirement for share capital deposit
FAQs
The process of setting up a company in SHAMS mainly includes:
- Choose the type of license
- Choose your type of facility
- Choose a company name and structure
- Submit the signed application forms with required documents
- Obtain initial approval
- Obtain commercial registration (CR)
The documents required for company formation in SHAMS include but not limited to:
For setting up an LLC with individual shareholder:
- Board resolution giving signatory authorisation or Power of attorney for the third party
- Passport copy of the individual shareholder and director
- Passport copy and UAE visa of the General Manager
For setting up an LLC with corporate shareholder:
- Certificate Of Incorporation
- Memorandum & Articles of Association (MoA and AoA)
- Board resolution to establish a new company
- Board resolution to establish a new branch
- Certificate of good standing, valid trade license,
- Board resolution giving signatory authorisation or Power of attorney for the third party
- Passport copy of the director
- Passport copy and UAE visa of the General Manager
For setting up a branch:
- Certificate Of Incorporation
- Memorandum & Articles of Association (MoA and AoA)
- Certificate of good standing, valid trade license,
- Board resolution giving signatory authorisation or Power of attorney for the third party
- Passport copy and UAE visa of the General Manager
The permitted legal entities in SHAMS are:
- Limited Liability Company (LLC)
- Branch of a local company
- Branch of a foreign company
SHAMS offers several benefits to businesses, including:
- 0% corporate tax on Qualifying Income
- 100% foreign ownership
- No currency restrictions
- Wide choice of different business activities
- Physical presence of shareholders not required
- No requirement for share capital deposit
SHAMS welcomes businesses from the following sectors:
- Media: Manufacturing, Information and communication, Professional, scientific and technical activities, arts, entertainment and recreation
- Wholesale and retail: Wholesale and retail trade; repair of motor vehicles and motorcycles
- Services and consultancy: Manufacturing, construction, transportation and storage, accommodation and food service activities, financial and insurance activities, real estate activities, professional, scientific and technical activities, administrative and support service activities, education, arts, entertainment and recreation, other service activities
SHAMS offers three types of licenses:
- Trade License
- Service License
- Industrial License
- Holding License
The costs of setting up a company in SHAMS will vary depending on the type of license you require and the complexity of your business operations. Contact Gatestone Group for more information via [email protected] or call +971 4 450 1023.
No, you do not need a local partner to set up a company in SHAMS. Foreign investors are allowed to own 100% of their businesses in the free zone. For seamless company formation and expert guidance in SHAMS, reach out to Gatestone Group today via [email protected] or call +971 4 450 1023.
The process of setting up a company in SHAMS can take an average of 7 business days without external approvals. Empower your business success in SHAMS with Gatestone Group’s expertise and unwavering support via [email protected] or call +971 4 450 1023.