Blue Kryon Consulting

Setting Up A Company In SHAMS Free Zone

Sharjah Media City Free Zone is the newly launched free zones for company establishment in UAE. SHAMS was established in the year 2017. It is located in the Emirates of Sharjah and seeks to function as a catalyst for the growth of creative and media firms. This free zone covers a wide limit of business activities available for investors to help them to enhance their entrepreneurial journey in the Middle East.

SHAMS is the best creative environment for media business or company formation and issues licenses to business entities. For freelancers and entrepreneurs that are planning to start a business and establish a company, SHAMS free zone offers business-friendly rules that embark their planning.

TYPES OF LICENSES IN SHAMS FREE ZONE:

1. Service License: The production, reproduction, transformation, and distribution of services are all permitted under this sort of license.
2. Industrial License: It includes production, reproduction, transformation, and manufacturing of goods.
3. Trading License: This license provides for the transportation of products, wholesale and retail sales of goods, and the provision of services associated with the selling of such commodities.
4. Holding License: The hold of assets or stakes of a company is included in the holding license.

FACILITIES INCLUDE IN SHAMS FREE ZONE:

In addition to the shared desk facility, SHAMS provides three more facilities. All these following four facilities give access to printers, Wi-Fi and meeting/conference room.

1. Dedicated desk
2. Dedicated office
3. Shared desk
4. Shared office

BENEFITS OF CHOOSING SHAMS:

There are the following points that you can reap through SHAMS free zone company formation:

• On the same company license, you can engage in a wide range of activities.
• All business documents issued within days.
• Options for company setup start at AED 11,500.
• 100% foreign ownership is permissible.
• Liability for businesses will be minimized.
• To form a new company, shareholders do not need to be physically present in the UAE.
• Your company’s ability to appoint Corporate Directors and Corporate Managers.
• 100 percent capital and profit repatriation.
• 0% corporate and personal income taxes.
• Online registration is quick and easy.
• Shams do not require deposits.
• Up to 6 visas can be assigned to a shared desk.

STEPS NEEDED FOR COMPANY FORMATION IN SHAMS:

• 1^st Step: first decide the business license that is available to the company. The options are mentioned above under types of licenses.
• 2^nd Step: Secondly, you just need to choose your office requirements whether it will be a dedicated desk or office?
• 3^rd Step: Thirdly, submit all the required documents and forms that can be done on your own or through the consultant.
• 4^th Step: The fourth step is the payment invoice which will be issued by SHAMS free zone.
• 5^th Step: Final step is to collect all SHAMS licenses and start trading under a brand-new business.

How can Blue Kryon help?

• We provide all mentioned services of SHAMS for company formation and establishment.
• Our aim is to provide a wide range of awareness to the companies for approval from relevant authorities.
• From accomplishing all types of legal tasks during and after registration of a business to final approval we make sure that our expert team provides consultation as easily as it can be.
• We provide all steps for company formulation in SHAMS free zone.

Under SHAMS, businesses and companies have the opportunity to select from a wide range of activities. This free zone has attracted foreign investment across the globe over the years. Our mission is to provide a platform for future change-makers that will pave way for upcoming generations.