SHAMS MEDIA CITY FREE ZONE

Shams offers smart innovative services for aspiring startups and SMEs, as well as established companies or corporations. Launched as a world-class hub for modern services for those who wish to setup their business within specialized facilities in the media and creative industry, Shams strived as a dynamic initiative, a forward-thinking and holistic community with the aim of making creative entrepreneurship accessible to all.Type of licenses:

Service License:
a. Provides services, i.e. non-goods
b. Provides services as a primary objective while using goods, i.e. restaurants, media productions, etc.
c. Production


Trading License:

Selling goods within Shams or importing and exporting of goods: movement of goods, wholesale and retail sale of goods and the rendering of services related to the sale of these goods.

Industrial License:
Production, re-production, transformation and manufacturing of goods.

Business facilities in Shams:
a. Company setup options starting from Dhs. 11,500.
b. Physical presence in the UAE not required to incorporate your new company.
c. No need of NOC to start your own company.
d. No paid-up Share capital or Annual Audit.
e. 100% foreign ownership.
f. 100% repatriation of capital and profits.
g. 100% free transfer of funds.
h. 0% import and export duties.
i. 0% Corporate tax for 50 years.
j. All documentation issued in 2 days.
k. Inexpensive workforce and easy recruitment procedures.
l. Vast activities covering Services, trading and Industrial licenses with multiple visas.

Documents required to open a business under Shams:

Individual Shareholder:
a. Color passport copies of the shareholders along with visa page or last ENTRY stamp of UAE.
b. Authorized signatory form.
c. Other routine documentation viz. application forms, specimen signatures etc.

Corporate Shareholder:
a. Corporate KYC duly attested from the UAE Embassy.
b. Board Resolution calling for the establishment of the entity.
c. Other routine documentation viz. application forms, specimen signatures etc.

Branch:
a. Application for registration.
b. Board Resolution calling for the establishment of a branch.
c. Corporate Documents of the Parent Company (Certificate of Incorporation, MoA, AoA).
d. Other routine documentation viz. application forms, specimen signatures etc.
e. Business Plan.
f. Letter from the parent company for the appointment of Manager.
g. Company profile.