Why Choose SHAMS Free Zone for regulatory guidance

UAE’s Fastest Growing Media Free Zone, As the leading creative hub in the region, Sharjah Media City (Shams) stands out as a free zone dedicated to empowering creative entrepreneurs, startups, SMEs, companies, and freelancers with affordable business setup solutions. Established in 2017 to drive innovation, Shams provides a premier media hub featuring comprehensive services and full foreign ownership. Supported by the ministry, we collaborate with the business community to enhance growth within the broader Sharjah ecosystem. Our mission is to foster creativity and entrepreneurship, making creative ventures accessible and inspiring business growth, thereby shaping the future of the media and business landscape together.

SHAMS Free Zone stands out for its focus on media and creative industries. Here’s what makes it so attractive:

  • Full Ownership & Control: Unlike some regions, SHAMS allows 100% foreign ownership and complete control over your business.
  • Tax Advantages: Enjoy significant tax benefits, including exemptions on corporate income, import/export duties, and the freedom to repatriate your profits.
  • Cost-Effective Start-Up: SHAMS offers affordable trade licenses, often starting around AED 5,750 (subject to change).
  • Fast and Streamlined Setup: The registration process is designed for efficiency, often completed remotely within days.

Which free zones are best for business? ( Best Free Zones in UAE )

In UAE, there are more than 49 economic trade zones. It is very important to understand UAE free zones when starting your own company here. Raes Associates is your partner in navigating this complex ecosystem. Our expertise in business setup, accounting, VAT, and other services ensures a seamless entry into the UAE market. Let us help you identify the ideal free zone business setup and establish your business efficiently.

The advantages of free zones chosen by foreign entrepreneurs to start their businesses in the UAE.

Key features and benefits that Shams Free Zone brings to your Company Formation in Dubai

  1.  Complete Ownership: Enjoy 100% foreign ownership within Shams Free Zone, freeing you from the need for a local sponsor.
  2.  Tax Advantages: Experience a tax-free haven as Shams eliminates corporate and personal income taxes.
  3.  Media and Tech Focus: Tailored for media and technology companies, Shams provides an environment conducive to     growth, with access to cutting-edge resources and technology.
  4.  Efficiency at its Best: Shams excels in streamlined and efficient company formation processes, ensuring swift business initiation.
  5.  Modern Facilities: Immerse yourself in state-of-the-art facilities, encompassing contemporary office spaces, cutting-edge meeting rooms, and high-speed internet connectivity.
  6.  Strategic Locale: Situated in Sharjah, one of UAE’s largest cities, Shams offers a gateway to key markets regionally and globally.
  7.  Regulatory Assistance: Count on Shams Free Zone for regulatory guidance and support, ensuring your adherence to local regulations. Company Formation in Sharjah Media City opens the door to unparalleled business opportunities, supported by a dynamic and innovative business environment

Free Zone vs Mainland

Free Zones:

  • Local Partner/Sponsor: No need for a local partner or sponsor.
  • Regulations: Governed by the free zone authority’s regulations rather than UAE federal laws.
  • Foreign Investment: Designed to attract foreign investment with various benefits.
  • Operational Freedom: Business operations are restricted to the free zone area.
  • Business Setup: Typically, simpler and more streamlined setup process.
  • Ownership and Tax Benefits: 100% foreign ownership, zero corporate and personal income taxes, and no currency restrictions.

Mainland:

  • Local Partner/Sponsor: Requires a local partner or sponsor for certain business types.
  • Regulations: Governed by UAE federal laws, which can be more complex and require compliance with various regulations.
  • Operational Freedom: Provides the freedom to conduct business anywhere in Dubai and across the UAE.
  • Business Setup: More complex setup process with additional requirements and approvals.
  • Ownership: 100% foreign ownership is allowed in certain cases, but often requires a local partner.
  • Tax Benefits: May not offer the same level of tax benefits as free zones.

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