Sharjah Media City – SHAMS Company Formation
SHAMS (Sharjah Media City Freezone) was established in 2017 and is located in the Emirate of Sharjah in the immediate vicinity of Dubai. SHAMS Freezone is one of the youngest and most modern free trade zones in the United Arab Emirates and is characterized by its strategic location. As a media free zone, it offers optimal framework conditions and a state-of-the-art infrastructure for start-ups in creative areas, the Internet, media, services and modern consulting companies. Modern legislation also allows for the establishment of holding companies. The establishment of a free trade company in Sharjah is non-bureaucratic for foreigners.
- 100% foreign ownership
- 0% corporate tax
- 0% personal income tax
- 0% import and export tax
- 100% repatriation of capital and profits
- UAE residency permit for investor and employees
- Substance as per the international requirements
- Modern companies’ law
- First-class infrastructure
- Access to all major international banks
- Fully equipped business centers
- Offices, warehouses and land for lease within the Freezone
Sharjah Media City is characterized by its modern infrastructure and its central location in the United Arab Emirates. Although conceived as a media free zone, SHAMS was able to quickly establish itself as a modern free zone across a wide range of industries. Not least because of the significantly lower costs compared to neighboring Dubai, the Sharjah Media City is one of the preferred free trade zones for young entrepreneurs and start-ups who want to enter the region quickly and easily.
We would be happy to advise you on the selection of the most suitable free trade zone for your company in the United Arab Emirates.