Often known as Shams or Sharjah Media City, the newly formed free zone is the finest location for setting up a business in UAE
offering multimedia and interactive services. The commercial center invites creative and entertaining business ventures. Every business owner, whether a local or an ex-pat, wishes to establish their company in Shams Media City as it is cost-effective and comes with many benefits, including 100 percent business control, exemption from taxes, capital repatriation, and so on. In addition, the zone allows 18-year-olds to work in establishments and 19-year-olds to be shareholders, unlike most others.
Depending on their organizational needs, investors can apply for one of four permits in the Shams Free Zone Authority.
Documentation for Company Formation in Shams
Enterprise owners who intend to set up their organizations in the area have to submit various documentation, including:
- Certificate of Incorporation;
- Trade License;
- Board Declaration for establishing a new firm and branch;
- Board Declaration with authorized signature or third-party power of attorney.
Further, the involved authorities and departments must approve the above paperwork for business setup.