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Advantages of Starting your Media Business under SHAMS Free Zone
We all know that SHAMS (Sharjah Media City Free Zone) is one of the free zones in the UAE and also the best jurisdiction to kick-start your business. SHAMS media package is one of the four packages that you can choose from.
If you are looking to set up a creative or e-commerce start-up in the UAE, then the SHAMS media package can be a very promising choice for you. Unlike the other packages, this one has some unique features. The entrepreneurs can avail these benefits for setting up a new company.
Why the SHAMS Media package?
SHAMS is well-known for its nexus of media industries and rich business environment. It’s not too far-fetched to say that setting up your business in SHAMS might mean getting a trump card.
There are quite many advantages which the SHAMS Media package can offer you. It especially targets the creative or media sectors and gives you a chance to run your business smoothly. Let’s discuss why it is so tantalizing for entrepreneurs today.
Zero visa requirements with lease agreement: No need to opt for a visa. This package doesn’t have any visa requirements. The no-visa policy is itself quite a charm for anyone.
Numerous license validity options: A business license is vital to carry out your business. You can carry out any business activity depending upon the type of business activity mentioned, that too only for a specific duration. This specific duration is the validity of your license. When it comes to the SHAMS media package, you get a ton of options for license validity. The validities can be 1, 2, 3, 5, and 10 years! You just have to be mindful that the license should be renewed before its expiration.
Media and e-commerce activities: We already have discussed that this package is meant for only media and e-commerce setups. So, every feature of this package is meticulously added to serve the creative start-ups very well. The best thing about it is that you can get 3 media or e-commerce activities under one license.
Multiple shareholders allowed: You can go for more than one shareholder while structuring your company. SHAMS media package allows having multiple shareholders.
Minimal completion time plus flexible pricing: It takes only 5 to 6 working days to get your license ready. The cost for the media package is very flexible and varies according to the license duration. So, in a way you can make a decision about your prices depending on the license validity requirements.
At this point, we are going to assume that the SHAMS media package might have piqued your interest in setting up a company amidst these intriguing facilities. So, if you want to know more about how to get your entrepreneurial journey started in a much simplified way then do visit any of the professional business setup consultants in Sharjah.
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Top 5 Free zones in UAE for Setting up a Business
If you are looking to set up your company in the UAE, then you must have come across ‘free zones’. Free zones are havens for entrepreneurs. Imagine reaping numerous profits such as exemption from taxes, repatriation of profits and capital, foreign ownership by merely selecting one of the free zones. Free zones were formed and developed especially to boost economic growth with tons of lucrative benefits.
There are over 37 free zones in the UAE. Each free zone targets a specific domain of industries. For instance, go for Sharjah Media City company formation if you seek creative or media industry. We will talk about the big five in the world of free zones.
1. Sharjah Media City Free zone:
The list of benefits is almost endless, so SHAMS makes it to the top of five free zones. The benefits of SHAMS company setup include a variety of business activities such as setting up Shams new business license , allowing a company to have limited liability, low-cost business formation, and a low-cost workforce. Today SHAMS, considered a world-class business zone, offers specialized facilities for the media and creative industries.
2. Free Zone of Dubai Multi Commodity Center (DMCC):
The DMCC is the main trading hub for international commodities. It is also the fastest-growing free trade area in the world. Close to Dubai's entry and exit points, as well as the Expo2020 site, it is well connected to the region's most important commercial, residential, and tourist areas. It gives 6 activities under one license. This license not only covers industrial, service, or general trade but also crypto commodity trading. Plus, in this free zone you can get a dual license.
3. Jebel Ali Free Zone (JAFZA):
JAFZA is a benchmark free zone for business setup in Dubai, UAE. It has gained ISO certification and allows for diverse business modules and progressive work procedures. Named the flagship free zone of DP World, JAFZA provides licenses for trade, service, industrial, and e-commerce business operations. Due to its strategic location near the Jebel Ali Sea Port, it’s the ideal free zone for import and export startup business setup in the UAE.
4. Ras al Khaimah (RAK) Free Trade Zone:
When it comes to affordability, the RAKFTZ is the best. It is attractive especially to entrepreneurs and investors because of its low incorporation fees and generous incentives for business partners. In addition, it also offers a hassle-free approach when it comes to starting an entity. Free trade areas currently have more than 50 industries and tens of thousands of international and multinational corporations representing hundreds of countries.
5. Ajman Free Zone:
The Ajman Free Zone is particularly advantageous as it is adjacent to the main harbor. We also welcome all types of business, from freelancers to commerce and the light industry. Unlike starting a business in other free zones, there are installment plans for starting a business in the Ajman free zone, which offers an advantage to up-and-coming entrepreneurs.
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Avoid incurring fines & blocked bank accounts. Extend your visa's validity for an additional 3 years in advance of its expiry date Varal fee $ 327 only. Buy now!
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Sharjah Media city Business licence Renewal
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Sharjah media city business license renewal: 3 years at one time. Keep your company in good standing with the Government, foreign suppliers keep your bank account unblocked! Varal fee USD 597 only. Buy now!
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