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How to initiate your company formation & acquire Shams free zone license

Incorporate your Shams Free Zone Company in Just 3 simple Steps

Step 1

1. Choose your Package and Order

Choose your Shams free zone Sharjah company package and complete our quick online order form to get started.

Step 2

2. We will set-up your Shams Company

We will collect and complete all your documents, file the application and set-up your Shams free zone company.

Step 3

3. Start Your Business

You will receive your Shams free zone license and you can start your business immediately!

Why are We Trusted by Over 5,000 Clients?

We offer 3 unmatched advantages over a business set-up service provider

Legal Advice

Free Legal Advice

We provide free legal advice for company set-up to ensure that you get the right head start.

legal support

On-going legal support

We remain available for day-to-day legal support for the companies established by us.

Legal contract

Legal contract reviews

We remain available to protect your interests by having your legal documents reviewed.

An absolutely fantastic experience. I am founder of a start-up and Legal Inz provided a bespoke, cost effective and professional service.Why Legal Inz: Value for money service! Professional, forward-thinking and punctual. I can see them as a long term partner.

Shyam V.
Customer Reviews
4.8
Out of 5.0

About Sharjah Media City or Shams Free Zone Sharjah

Sharjah Media City (Shams) Free Zone is one of the youngest and well-known free zones in the UAE. Shams is situated in the Emirate of Sharjah. It was launched in January 2017 with a vision ‘to make creative entrepreneurship accessible and inspire business growth’. It aims to be a world-class media hub for innovative facilities and services. Shams free zone Sharjah has gained outstanding reputation amongst young entrepreneurs and SMEs in the UAE and across the world.

Shams provides one of the most cost-effective business set up packages. The media license packages are particularly attractive due to their pricing and facilities offered by the free zone.

Shams has incorporated thousands of companies ever since its launch in 2017 and is becoming even more popular amongst the business community in the UAE. The customer service offered by Shams is second to none. It provides great benefits from setting up companies remotely to facilities including virtual offices as part of the license facilities offered by it.

Shams issues its licenses electronically and they can be verified through its portal. All the company formation documents as well as the visa application documents are submitted to the free zone through electronic means. The average time for free zone company formation and Shams free zone license issuance is 3 working days.

This free zone is frequently compared closely with the free zones offering the cheapest company formation packages in the UAE. The service levels offered by the free zone match with the top of the line free zones in the UAE.

The company formation with Shams does not require any paid-up capital. The visa costs offered by the Shams free zone Sharjah are also one of the most competitive in the UAE, making it a highly sought-after free zone. The bank accounts for Shams companies can be opened with reputable banks across the UAE.

Shams Free Zone License Types

Shams offers more than 120 business activities and provides flexibility to the shareholders to combine different activity types on the same company license.

The types of licenses offered by Shams include the following:

Service and Consultancy License

The business activities in this license type include activities for the production, re-production, transformation and distribution of services. These licenses include rendering services as a primary objective and utilizing goods to provide them. This license may also be issued only for the activities related to the media.

Trading License

This license issued by the Shams free zone includes the sale of goods within the free zone or import and export of goods. It includes movement of goods, wholesale and retail sale of goods and providing services that are related to goods being sold.

Industrial License

The industrial license issued by Shams allows for production, re-production, transformation and manufacturing of goods.

Holding License

This license includes the activities of holding companies. These companies can hold shares of any other companies. The holding companies are not permitted to carry out any other business activity.

Bank Accounts

We work closely with the following banks for opening bank accounts for our clients.

UAE Bank Accounts

Company Formation Process for the Shams Free Zone

The process for setting up a company with Shams Free Zone, Sharjah is as follows.

Apply Online
1

Step 1 – Apply

Select your favorite Shams company formation package and place your order to get started with the process.

Application Forms
2

Step 2 – Preparation of Documents

We will collect all the required documents for company formation from you and prepare the application forms for your signature.

Signature
3

Step 3 – Signature on Application Forms

You will need to sign the company formation application forms and return the clear scanned copies to us by email or in originals at our offices.

Application Submission
4

Step 4 – Issuance of License

We will submit the application to Shams Free Zone for the issuance of your trade license. Your license will be issued in 3 working days by Shams. In some instances, there may be a requirement from the free zone for a pre-approval on the shareholders. This may require additional time and accordingly the issuance of license may take longer time.

Start Your Business
5

Step 5 – Start Your Business

You can start your dream business immediately upon the issuance of your Shams free zone license. Once your license has been issued, you can also apply for a corporate bank account.

Frequently Asked Questions

Shams has one of the most reasonable company formation packages. View details of various packages available by scrolling up this page.

You do not necessarily need to be in the UAE to set up your company. You will be required to have visited the UAE at least once for the Shams company formation packages with residence visa. If you wish to only obtain a trade license for your company, you can still form the company even if you have not visited the UAE at all.

There are certain nationalities that Shams would require pre-approval before proceeding with the company formation. Once this pre-approval is obtained, the chances of any visa rejection are reduced significantly.

No, you do not need a local sponsor to set up a company in Shams. One of the many benefits in setting up a company in Shams is having 100% ownership of the company.

The timeframe in setting up a company in Shams is 2-3 working days after you have signed and submitted the application forms and the required documents. Any further process for the visa issuance is outlined in our Timelines section above.

Shams offers number of activities relating to media, broadcasting, public relations, consultancy and advertising. There are a variety of sub-sectors of these activities which you can choose from when finalizing the activity for your company set up.

You do not necessarily need an office space for you to set up a company in Shams. This is one of the main advantages of setting up a company in Shams. A flexi desk option is available in packages with visas.

Key Advantages of Shams Free Zone

We have outlined below the key advantages of setting up free zone companies with Shams:

Cost-effectiveShams is one of the cheapest free zones in the UAE.
TaxesNo corporate and income taxes.
Remote formationYes.
Foreign ownership100% foreign ownership allowed.
NOC from current employerNot required.
ActivitiesMedia and other standard business activities.
Physical officeNot required.
Paid-up capitalNot required.
Annual auditNot required.
UAE residency visasThree (3) years.
Bank accountsCan be opened with all major banks in the UAE.
LLC licensesAll licenses are limited liability company (LLC).
Cost-effective
Shams is one of the cheapest free zones in the UAE.
Taxes
No corporate and income taxes.
Remote formation
Yes.
Foreign ownership
100% foreign ownership allowed.
NOC from current employer
Not required.
Activities
Media and other standard business activities.
Physical office
Not required.
Paid-up capital
Not required.
Annual audit
Not required.
UAE residency visas
Three (3) years.
Bank accounts
Can be opened with all major banks in the UAE.
LLC licenses
All licenses are limited liability company (LLC).
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Within UAE:800-53425 (Toll Free)
Outside UAE:+971-800-53425
Email Us:clients@legalinz.com
Address:B04-413, Business Center 03, Rakez Business Zone-FZ, RAK, United Arab Emirates

Within UAE: 800-53425 (Toll Free)

Outside UAE: +971-800-53425

Email Us: clients@legalinz.com

Address: B04-413, Business Center 03, Rakez Business
Zone-FZ, RAK, United Arab Emirates

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