SHAMS(Sharjah Media City) Company Setup

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Shams(Sharjah Media City) Company Setup

Sharjah strategic location between Asia, Europe and Africa makes it an implacable location to reach a market of more than 3 billion people. Sharjah is a safe place with harmonious mixing of Values, cultures and nationalities. Within Sharjah you find reasonable real estate for business and residential, business-friendly environment, modern healthcare, outstanding educational system and growing population making Sharjah the ideal location.

Shams – Sharjah Media City Company Setup

Shams is where creativity turns into a thriving, and successful business.It is a world class media and digital hub with advanced facilities and services for creative, media and digital entrepreneurs, where setting up business is easy and affordable.Shams supports you with personal guidance and access to markets. Our vibrant community connects you and your employees with like minded creatives to inspire, co-create and spark new ideas.

Shams FreeZone offer:

  • A world class city
  • A community centered platform
  • High quality media & creative content
  • Innovation
  • Education & training

Start Your Business in Shams(Sharjah Media City)

Shams born digital. We offer fast, easy, and cost effective setup process. Our digital window provides everything you need from licensing, visas, and real estate, in digital speed.
Our creative ecosystem enables you to create and co-create a cross the city and the region in the most efficient way.

Enjoy Shams (FreeZone) incentives

  • 100% foreign ownership
  • 0% per cent corporate tax for 50 years (a concession that is renewable)
  • No restriction on capital repatriation
  • 0% import or re-export duties
  • 0% personal income tax
  • No currency restrictions
  • No restriction on hiring foreign employee

Shams – New Holding company License

What is a Holding Company?

A holding company is a parent corporation, limited liability company or limited partnership that owns enough voting stock in another company to control its policies and management. A holding company exists for the sole purpose of controlling another company, which might also be a corporation, limited partnership or limited liability company, rather than for the purpose of producing its own goods or services. Holding companies also exist for the purpose of owning property such as real estate, patents, trademarks, stocks and other assets. If a business is 100% owned by a holding company, it is called a wholly owned subsidiary.

Why are we doing this?

  • In light of difficulty of offshore companies ability to open bank account, there is a need tocreate a legal structure to facilitate opening a bank account.
  • Instead of creating a new set of regulations and administrative process to offer an offshore
    setup.
  • To facilitate real estate purchases of individuals and companies.

Commercial Benefits :

  • 0 Visa Package
  • No Immigration Card
  • No Occupancy Agreement
  • Standard Package clients cannot downgrade to Holding Company Package
  • Holding Company Package clients can upgrade to Standard Package by paying full Standard Package fees and License amendment fees to receive a full 12 month license on Standard Package.

PBS can help you form a company quickly and efficiently starting today so contact us now by calling +971 4 388 7619 or info@pbsolutions.ae for consultation or for further details.

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