How to open a company in the Shams Free Zone in Sharjah

Sharjah Media City (Shams) is a free economic zone in the emirate of Sharjah, established in 2017. It offers unique opportunities for companies operating in a variety of fields, from media to e-commerce. The FEZ is renowned for its affordable licensing fees, advantageous geographical location, and simplified business registration procedure. In this article, we will take a closer look at how to start a company in Shams.

1. Determine the nature of your business and legal structure

Before you begin the registration process, you must clearly define the type of activity you will be engaged in, which will be specified in your license. Keep in mind that some of them may have additional requirements. For example, obtaining approvals from regulatory authorities, having the appropriate education, a real office, etc.

The free zone offers a variety of activities:
film production;
game development;
marketing and advertising;
design and publishing;
IT technologies;
trade;
consulting, etc.

In the SEZ, you can register a sole proprietorship, a limited liability company, a branch, etc. We recommend working with lawyers to select the optimal types of activities and organizational and legal structure.

2. Submitting an application for a license

The following must be attached to the application:
  • Personal documents – passport.
  • Constituent documents (e.g., company charter).
  • Certificate of trade name reservation (issued after verification of uniqueness and compliance with standards).
  • Legal address details (you can rent a virtual or real office).
  • And others.

3. Obtaining a resident visa

After successful registration, the founders are entitled to obtain a visa based on their investment in the UAE. The application must be accompanied by a passport and a company license. At this stage, you will need to come to the country for a medical examination and fingerprinting. 

4. Opening accounts

Bank accounts can be opened in the name of the company upon presentation of a license, as well as in the name of an individual with a visa. You can choose either an online bank with a faster verification procedure or a traditional bank, which may require more documents.  

5. Registration with the tax authorities

Within three months of obtaining a license, it is important to register the company with the tax authorities to avoid penalties. We recommend consulting with lawyers in advance to understand the tax rates applicable to your business and ways to optimize your tax burden.

6. Hiring employees

First, you need to register with the Ministry of Labor, where a labor file will be opened for the company with a certain number of visa quotas. These quotas can then be used to apply for work visas, after signing an employment contract. Keep in mind that the employer in the UAE is responsible for the cost of employee visas. 
Opening a business in Sharjah Media City is a great scaling opportunity for companies operating in the media and creative industries. Frison offers an economical and simple registration process, as well as flexible office solutions, attractive tax benefits, and convenient access to corporate banking services. However, the registration process requires careful preparation and compliance with local legislation. Contacting Wivo consulting specialists working in the field of business setup will greatly simplify the process and avoid potential problems.

Get a free consultation
with an individual analysis of your situation

You may find this interesting:

© Wivo Consulting. All rights reserved. Copying of materials from this website is prohibited.
The information posted on the website is for informational purposes only and under no circumstances constitutes a public offer.
Saturday - Sunday
Weekend
Monday - Friday
09:00 - 19:00
information:
for business:
for individuals:
Business Bay, Aspect Tower, Zone B (near Business Bay metro station)
Office address in Dubai:
Office hours:
Контакты
10-year golden visa in the UAE
2-year real estate owner visa in the UAE
Family visa (Dependent visa) in the UAE
Company owner visa in the UAE
Legalization of documents
Drawing up a will
Legal services in the UAE
Accounting services in the UAE
Re-registration of companies and amendments to constituent documents
Renewal of company licenses in the UAE
Trademark registration and intellectual property protection
Closure or freezing of companies in the UAE
Work visa in the UAE
© Wivo Consulting. All rights reserved. Copying of materials from this website is prohibited.
The information posted on the website is for informational purposes only and under no circumstances constitutes a public offer.
The website processes user data using cookies in accordance with the User Data Processing Terms. You can disable cookies in your browser settings.
Ok