What is SHAMS Free Zone? Key Requirements and Benefits

SHAMS (Sharjah Media City) Free Zone is a premier business destination in the United Arab Emirates (UAE) that has been designed to support the growth and development of media and creative industries. Launched in 2017, SHAMS Free Zone is a world-class hub for entrepreneurs and businesses looking to establish a presence in the region.

In this article, we’ll take a closer look at SHAMS Free Zone, its requirements, and the benefits that it offers to businesses.

What is SHAMS Free Zone?

SHAMS Free Zone is located in the emirate of Sharjah, which is the third largest and most populous emirate in the UAE. It is strategically located between Dubai and Abu Dhabi, two of the largest business hubs in the region, making it an ideal location for businesses looking to access a wide range of markets.

SHAMS Free Zone is designed to cater to the needs of businesses in the media and creative industries, including advertising, media production, publishing, and more. It offers a wide range of business-friendly features, including flexible office space, state-of-the-art facilities, and world-class infrastructure.

Requirements to Set Up in SHAMS Free Zone

Setting up a business in SHAMS Free Zone is a straightforward and hassle-free process. The first step is to choose the right business activity and obtain the necessary approvals from the relevant authorities. Once this is done, businesses can apply for a licence and start operating in the free zone.

To set up a business in SHAMS Free Zone, companies are required to provide the following documents:

• A completed application form

• A copy of the company’s trade license

• A copy of the shareholder’s passport

• A no-objection certificate from the current sponsor (if the shareholder is on a UAE visa)

In addition to these documents, companies may be required to provide additional documentation depending on the nature of their business activity.

Benefits of Setting Up in SHAMS Free Zone

SHAMS Free Zone offers a wide range of benefits to businesses, including:

100% Foreign Ownership

Businesses in SHAMS Free Zone can be 100% foreign-owned, making it an attractive option for entrepreneurs looking to establish a presence in the region.

Tax Incentives

SHAMS Free Zone offers a range of tax incentives, including exemption from corporate and personal income tax, customs duties, and value-added tax (VAT).

Fast and Efficient Set Up

The set-up process in SHAMS Free Zone is fast and efficient, with businesses able to obtain their licence in just a few days.

World-Class Infrastructure

SHAMS Free Zone offers world-class infrastructure and facilities, including state-of-the-art office space, meeting rooms, and conference facilities.

Strategic Location

Sharjah is strategically located between Dubai and Abu Dhabi, providing easy access to major markets and transport links.

Easy Visa Processing

SHAMS Free Zone offers a streamlined visa processing system, making it easy for businesses to sponsor and employ expatriate workers.

SHAMS Free Zone is a premier business destination in the UAE that offers a wide range of benefits to businesses looking to establish a presence in the region. From its world-class infrastructure and facilities to its strategic location and tax incentives, SHAMS Free Zone is the perfect place for entrepreneurs and businesses in the media and creative industries to thrive and grow. If you’re interested in setting up a business in SHAMS Free Zone, our team of experienced business consultants is ready to help you every step of the way.

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