9 Apr 2017

9 Apr 2017

SHAMS Freezone Business Setup

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Category: Business Setup

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Sharjah Media City(Shams Freezone)

A new world-class Free Zone innovation hub for the creative and media industries.

Shams is a dynamic initiative that makes a strong connection with the talented individuals it attracts. As a creative forward thinking community, we will inspire and shape our world and celebrate our many successes; both individually and as a group.

Shams offers smart innovative services, coupled with a holistic community-centered approach. We place great value on localized content, and actively encourage an entrepreneurial spirit.

In short, Shams Free Zone is quintessentially a community brand built from within.

Why Shams?

We aim to make creative entrepreneurship accessible and inspire business growth. Our incentives in this regard include:-

  • Incredibly Low Company setup Fees
  • Physical presence in the UAE not required to incorporate your new company
  • No need of NOC to start your own company
  • No paid up Share capital or Annual Audit
  • 100% foreign ownership
  • 100% repatriation of capital and profits 100% free transfer of funds
  • 100% exemption of import and export duties
  • Rapid processing all documentation issued in 2 days

Your Start up Formation Options

Shams – LLC – Limited Liability Company

A Shams limited liability company (LLC) is an independent entity whereby the company structure separate the owners, shareholders, from the company. Hence the liabilities of the company, whether arising in contract or otherwise, are the company’s liabilities and not the personal liabilities of the shareholders. Equally the company’s assets are the company’s asset and not the personal assets of the shareholders.

Advantages

  • Independent operating entity
  • Entitled to obtain a license
  • Entitled to sponsor employee(s)
  • Entitled to open a business bank account

Shams – Branch

A Shams branch is an entity belonging to an existing parent company. All profits, benefits, gains and other returns of the branch shall be profits, benefits, gains and other returns of the parent company. Equally, all costs, expenses, debts and other liabilities of the branch are costs, expenses, debts and other liabilities of the parent company.

Activity 1: Services / Consultancy License starts with Dhs. 11,500 (No visa package)

Activity 2: General Trading License: Dhs. 16,500 (No Visa package)

Holding Company: Dhs 5000

Details Activity Rates Frequency
0 Visa* Activity Type1 Dhs. 11,500 Annual
Activity Type 2 Dhs. 16,500
1 Visa Activity Type 1 Dhs. 13,100 Annual
Activity Type 2 Dhs. 18,100
2 Visas Activity Type1 Dhs. 14,700 Annual
Activity Type 2 Dhs. 19,700
3 Visas Activity Type1 Dhs. 16,300 Annual
Activity Type 2 Dhs. 21,300
4 Visas Activity Type1 Dhs. 17,900 Annual
Activity Type 2 Dhs. 22,900
5 Visas Activity Type1 Dhs. 19,500 Annual
Activity Type 2 Dhs. 24,500
6 Visas Activity Type1 Dhs. 21,100 Annual
Activity Type 2 Dhs. 26,100
Holding Company Package 1 Dhs. 5,000 Annual
Package 2 Dhs. 7,000

 

NOTES:

  • Immigration Card and Facilities are not included in the no visa package.
  • External approvals will be charged separately
  • Shared desk facility should be hired for the visa package (AED 3675 incl VAT)
  • Immigration Card fee is Dhs. 1500 for 3 years
  • Visa cost is charged extra and is Dhs. 3500 per visa valid for 3 years (excluding medical and emirates id)

Advantages

  • Entitled to obtain a license
  • Entitled to sponsor employee(s)
  • Entitled to open a business bank account
  • Which type of Licenses are on offer?

Service License

It allows for production, re-production, transformation, and distribution of services. Service license includes rendering services as primary objective and utilizing goods to render a service.

Trading License

Selling goods within Shams or importing and exporting of goods. Trade license includes movement of goods, wholesale and retail sale of goods and the rendering of services related to the sale of these goods. Wholesaling and retailing are the final steps in the distribution of goods.

Industrial License

Production, re-production, transformation and manufacturing of goods.

Sounds interesting?

Prime Global Group is a premium partner with Sharjah Media City – Shams Find out all about this new and exciting Free zone area in the UAE. We will help you get started by selecting the right activity from the 123 Activities Available at shams and getting office facilities for your business.

Contact Us today for more details.

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