- 100% repatriation of capital and profits gain
- 0% corporate and personal income tax
- 100% foreign ownership
- 0% import and export duties (Custom Duties)
- No Deposits required by Shams
- Allocation of up to 6 visas on a shared desk facility
- Ease of selecting multiple activities on same license.
- Presence of Shareholders are not required to incorporate a company
- Easy and inexpensive recruitment of workforce
SHARJAH MEDIA CITY FREE ZONE- AN EMERGING NAME IN THE U.A.E BUSINESS MARKET
Why Sharjah?
Sharjah, the third largest emirate in the UAE, lies partly on the Persian Gulf and partly on the eastern coast of the Gulf of Oman. It is positioned between Asia, Europe and Africa, making it a strategic location with access to markets which total more than 3 billion people. ‘Rising Sun’, as the meaning of its name suggests, is emerging from the shadow of its neighbours Dubai and Abu Dhabi, which is just a short drive away.
Due to Sharjah’s global cultural affiliations, it was awarded with the title of ‘Cultural Emirate of the UAE’ and the ‘Cultural Capital’ of the Arab World in 1998. Along with the social and cultural development, its leadership is now at the forefront of the U.A.E’s economic growth and development by providing world-class Free Zone hubs and facilities for innovation, entrepreneurial, technological and industrial growth under the continued urbanization and modernization drive in Sharjah.
Why Choose Sharjah Media City
Sharjah Media City, commonly referred to as ‘Shams’, was launched in January 2017 with an aim to provide smart and innovative facilities and services along with a vision to make creative entrepreneurship accessible to all aspiring startups and SMEs, as well as for established companies striving to grow their business both locally and globally.
The reason for Shams’ success since its launch is that despite the name, Sharjah Media City offers a diverse range of Business activities along with the Media related activities. With over 250+ business activities to choose from, entrepreneurs, SMEs, Freelance consultants and established companies are already operating in Shams with business profiles ranging from Media production, publishing, Telecommunications, IT consultants and Programmers on one end to wholesale & retail trading, legal & accounting consultancy services and management consultancies at the other.
Shams’ vision to be the first free zone to go digital in executing its processes to cope with the technological advancement in the world make it stand out amongst Free Zones.
More Reasons to Choose Shams
Since its inception, Shams has offered a diverse range of benefits to businesses and entrepreneurs alike. Some of the reasons which make Shams an emerging Free Zone include:
Quick Setup Process:
Shams aims to provide the quickest business setup timelines with License issued on the same day (or Maximum of 3 working days), providing that the documents are complete. We, at Affiniax, aim to provide seamless experience to obtain license and also post-license processes which includes Establishment card issuance, visa issuance and stamping to be completed in minimum time.
Cost Effective Investor Friendly Benefits:
At Shams, business can be setup with sums as low as AED 11,500 (3,130 USD). Additional benefits include:
