Shams Media City

SHAMS MEDIA CITY COMPANY FORMATION

Shams Media City was created and launched in 2017. Its main focus was to act as a catalyst for creative media businesses to grow and thrive. With a comprehensive community centered approach and it highly valued localized content, Shams Media City remains the best media and digital hub for creative media and digital entrepreneurs. Shams Media City allows for various activities and posses many benefits for entrepreneurs willing to start up their businesses in the UAE.

More Benefits of setting up a business at Shams Media City includes, but not limited to:

  • Cost-effective company setup
  • No need of Physical presence in the UAE to register your new company
  • No need of NOC to incorporate your company
  • 100% foreign ownership
  • 100% free transfer of funds
  • No restriction on capital repatriation
  • 0% import or re-export duties
  • 0% personal income tax
  • No restriction on hiring foreign employees
  • All documentation issued in 2 days
  • No paid up share capital or annual audit
  • All processes are easy, digital and very cost-efficient

 

Types of Licenses

 There are four licenses offered by Shams Media City

Trading License

This license permits sale of goods within Shams including importing and exporting. It allows for retail and wholesale, service rendering and distribution of goods.

 Service License

Shams service license allows production, re-production, transformation and distribution of services.  It also accommodates utilizing goods to render a service

Industrial License

This is usually used for production, re-production, transformation and manufacturing of goods.

Holding License

 

Business Activities

Shams offers over 120 business activities and also allows combination of different activities on the same license. Each activity belongs to a different group number. Click here to see the permitted activities of Shams Freezone.

Facilities Available at Shams Media City

Shams freezone has four facility options designed to serve your needs & requirements.

There are shared workplace facilities available for start-ups who would want to interact with like-minded people. New entrepreneurs can choose between a ‘Dedicated Desk to Shared Desk” and “Dedicated Office to Shared Office”. Facilities offered include Wi-Fi, Printer, Meeting Room and physical access.

 

Legal Maxims Consultants has a team of experts committed to providing out of the box consultancy, support and management services to investors interested in a new company formation in Shams Media City or any of the Free Zones in the UAE.

Our service charge is arguably the cheapest in the whole of UAE. Contact Us for a free consultation and a free quote today.