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Sharjah Media City (Shams)
A world-class hub for media and creativity in the region. We make creative entrepreneurship accessible and inspire business growth. We foster a vibrant and connected ecosystem for innovators to live, learn and co-create.
Sharjah is the third largest of the 7 emirates in the UAE. The UAE is recognized as a trading hub in the whole world, where the non-oil sector contributes to 70% of the GDP – 45% of which is contributed by Sharjah’s trading activities. Setting up a business in Sharjah is a simple process due to the emirate’s business-friendly laws and modern infrastructure. Sharjah Media City, or Shams, was launched in January 2017 with a vision to be a world-class hub for media and creativity in the region. Like other free zones, Sharjah free zone also issues licenses to companies, freelancers and entrepreneurs wanting to set up a business.
Types of License
Sharjah Airport International Free Zone (SAIF-Zone)
At SAIF ZONE, we offer you the attractive tax-friendly benefits combined with complete ownership in a designated free zone at an unmatched strategic location. With every detail thoughtfully structured and robust service support, we provide plenty of opportunities to connect and collaborate so you can focus solely on growing your business.
Sharjah Airport International Free Zone, also known as SAIF Zone, is one of the most exclusive free zones in the UAE. It is built adjacent to the Sharjah International Airport. SAIF zone provides appealing business opportunities to entrepreneurs and investors. SAIF zone is known as the symbol of efficient operations – the better alternative for business ventures in the UAE and across the world. Sharjah Free Zone is the best place to set up your business not only because of its foreign investment benefits but also because it provides access to over 2 billion consumers in the Middle Eastern and North African region.
Types of License
Frequently Asked Questions
Free Zone Companies are registered and listed with a Free Zone Authority (e.g DMCC). A DMCC Free Zone Company does not require you to have any Local UAE Citizen Partner and can be 100% owned by any foreign citizen and/or company.
DMCC Free Zone companies can be registered as an Individual, Branch, and/or Subsidiaries of Local UAE or Foreign Companies.
Yes, you can choose any name yourself. However, the registration will go through the DMCC Authority and Dubai Economic Department approvals.
The number of employees you can hire depends on the Office Space you lease. If you require more visas than the allocated number, additional fees are applicable. At Mayfair Executive Office, you get 3 Visas and 1 PIC per office, regardless of the size.
It is mandatory to acquire a facility upon issuance of the License. You can either rent or buy a Flexi Desk, Serviced Office, Physical Office, Retail Space and Warehouses or Open Land for Industrial Units.
Having an office facility is a mandatory. DMCC Free Zone companies are only allowed to have an Office Facility inside DMCC Free Zone in Jumeirah Lakes Towers (JLT).
DMCC provides three types of visas: employment visa, dependents residence visa, and business visit visa.
The amount of the Share Capital varies depending on the chosen activity. A minimum required Share Capital for a Service/Commercial Trading License is AED 50,000; and AED 1 Million for General Trading. This amount must be deposited in the company’s bank account and once Share Certificate is issued by the bank, money can be withdrawn thereafter.
Yes, you can and there is a wide variety of good banks to choose from.
Yes, you are allowed to trade locally and internationally but subject to the Rules and Regulations of DMCC Free Zone.
The documents and the company setup costs will depend on the activity chosen. To get a better idea about the costs involved, click here.
Company formation in DMCC has a minimum processing of 3-6 weeks. However, the speed of approvals will depend on the chosen activity, certification and attestation requirements.
Yes, Park Avenue Offices has a team of professionals well versed with the DMCC rules and regulations and will help you with all documentations and procedures.
*Terms & Conditions apply.
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