Are you considering the idea of establishing a company within a UAE-free zone? Well, SHAMS (Sharjah Media City) stands as the perfect free zone to house your business. This blog explores different attributes that position SHAMS as the prime choice for entrepreneurs looking to make their mark in UAE.

Rise to prominence in a short time

SHAMS Free Zone was established in 2017 and is the youngest free zone that has risen to prominence in a relatively short period. While some free zones have a long-standing presence, SHAMS has defied conventions by achieving remarkable recognition in just a few years of its establishment. SHAMS’ rapid rise serves as a testament to its dynamic vision and proactive initiatives. This has set it apart as a standout player in the realm of free zones.

Nurtures a Spectrum of Industries

Unlike certain free zones that are industry-specific, SHAMS embraces a wide spectrum of sectors, from media and technology to services and consultancy. This diverse ecosystem fosters collaboration, innovation, and cross-industry synergy that could amplify your business prospects.

The inclusion of media, technology, services, and consultancy sectors under the SHAMS Free Zone umbrella signifies a deliberate effort to create a holistic ecosystem. This ecosystem nurtures not only individual industries but also the interactions and overlaps between them. This approach acknowledges that growth and innovation often arise from the intersection of different fields, where the exchange of ideas and expertise can lead to ground-breaking advancements.

For instance, a technology-driven enterprise could find opportunities to collaborate with a media-focused company to create immersive digital experiences, while a consultancy firm might offer specialized insights to enhance services companies. This interconnectedness unlocks innovation by allowing businesses to draw inspiration from unexpected sources and leverage complementary expertise. By facilitating this cross-industry synergy, SHAMS Free Zone positions itself as a catalyst for heightened business prospects.

Strategic Location

SHAMS is strategically located in Sharjah, a mere 30 minutes from Dubai. This offers the zone a strategic advantage of accessibility to key markets. Bordered by six of the UAE’s seven emirates, this location seamlessly integrates with the broader UAE business network. This proximity to Dubai, a global hub for business and innovation, presents an array of benefits that extend beyond mere geographic convenience.

This interconnectedness facilitates not only the flow of goods and services but also the exchange of ideas, technologies, and expertise. This provides businesses within SHAMS Free

Zone with a comprehensive and holistic ecosystem to leverage, enhancing their potential for growth and collaboration.

Competitive Pricing

SHAMS Free Zone stands out with its competitive pricing structure. This spans various crucial aspects, ranging from the fees associated with licenses to the rates for office spaces. This unique advantage provides you with an opportunity to strategically allocate your resources and funds in a manner that would best serve your business’s growth, enhancing your potential for success.

Ownership Freedom

SHAMS’ offering of full foreign ownership underscores a commitment to facilitating your business autonomy and decision-making power. SHAMS Media City, in particular, is designed to cater to individuals who possess a specialization or keen interest in the realm of media. The primary aim is to cultivate and amplify their skills and nurture their growth within the sector.

This strategic combination positions SHAMS Free Zone as an appealing destination for both international investors and media professionals. While SHAMS Free Zone doesn’t restrict itself to media-exclusive endeavours, its dedication to elevating the media sector within Sharjah remains resolute.

Documentation required to set up a company in SHAMS Free Zone

Setting up a company in SHAMS Free Zone involves several documentation requirements to ensure compliance and proper establishment. While specific documentation might vary based on the type of business activity and company structure, here is a general list of documents commonly needed:

• · Application Form: A completed application form provided by SHAMS Free Zone.
• · Passport Copies: Passport copies of shareholders, directors, and other stakeholders involved in the company.
• · Visa Eligibility: Proof of visa eligibility, such as educational qualifications or professional experience, if applicable.
• · Business Plan: A detailed business plan outlining your company’s objectives, activities, and growth projections.
• · Shareholder/Director Details: Detailed information about shareholders and directors, including personal and contact details.
• · No Objection Certificate (NOC): If you are transferring from another UAE entity, you might need a No Objection Certificate from your current sponsor.
• · Memorandum of Association (MOA) and Articles of Association (AOA): Drafted documents outlining the company’s structure, shareholders’ roles, and operating procedures.
• · Bank Reference Letter: A bank reference letter for shareholders or directors to demonstrate financial stability.
• · Lease Agreement: A lease agreement for your chosen office space within SHAMS Free Zone.
• · Trade Name Reservation: A certificate confirming the reservation of your desired company name.
• · Power of Attorney (if applicable): A Power of Attorney document authorizing a representative to handle company setup procedures on your behalf.
• · Attested Documents: Some documents might need to be attested by relevant authorities or the UAE embassy in your home country.
• · Passport Photos: Recent passport-size photos of shareholders, directors, and other key personnel.

Conclusion

When you’re thinking about the best place for your UAE business, there’s no need to search further. SHAMS Free Zone isn’t just a choice – it’s a hub of new ideas, teamwork, and endless chances. It’s dedicated to helping all sorts of businesses succeed, and its great location and business-friendly rules make it the perfect starting point for your business adventure in the UAE.

Corpin Consultants has been a trusted partner for innumerable businesses that have established their foothold in SHAMS Free Zone. You can count on us too to handle documentation, procure licenses and permits, and ensure your compliance with SHAMS’ requirements. Moreover, our commitment doesn’t end with this – we provide ongoing support to you for compliance and renewals so that you can firmly establish your business in the SHAMS free zone efficiently.