Sharjah Media City Company Formation
FAR Consulting Middle East helps SMEs, startups, and corporations attain growth within Sharjah’s lucrative markets with business setup in Sharjah Media City (Shams). An economic hub in the heart of the emirate, Shams supports the growth and expansion of businesses that belong in the creative and media industries.
Company formation in the free zone has gained traction among foreign and local investors for several reasons, including total business ownership, non-taxable business profits, affordable business facility rental, and business transactions don’t have restrictions in terms of currency.
The free zone authority also allows for the formation of various types of companies. Our business setup consultants provide assistance in the registration and licensing of the following business entities:
- Limited liability company – this is the most common type of business entity in the free zone. It protects its shareholders from personal liability and can have up to 50 stakeholders. Unlike Sharjah mainland company formation, the setup of an LLC in Shams does not require the partnership of a UAE national or presence of a local sponsor.
- Foreign or local company branch – foreign and local companies may expand and establish company branches or representative offices within the free zone to access the local market.
- Partnership company – a legal business entity that allows the joint ownership of the business between two or more investors.
- Private shareholding companies – Shams Authority also allows the establishment of private shareholding companies. These companies have a lesser number of shareholders and stocks are not to be traded publicly.
Our solutions for business setup in Sharjah Media City also include maintenance and verification of accounts from Immigration and Ministry of Interior, preparation of required corporate documentation, application or renewal of license, assistance in the opening of a bank account, and advisory for the registration of the correct business entity.
Sharjah Media City is home to numerous businesses as business setup is made easy with the availability of business setup consultants and the free zone authority provides a number of incentives for company formation and expansion.
Here at FAR Consulting Middle East, our business setup experts are experienced in making the process of company formation smooth and hassle-free. Familiarity with local policies and wide domain experience allow us to help us ensure clients don’t have to go through unnecessary bureaucratic hassle in order to setup their businesses.
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Following industries you can setup in Sharjah Media City Free Zone
We covers all the following industries, even if your industry not in list you can consult with us we can help you setup.
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Support Services Offered in Sharjah Media City
Our solutions for Sharjah Media City business setup include:
- Certified copy of tenancy contract;
- Approvals from Ministry of Economy;
- Copies of each shareholder’s residency or visa and passport;
- Trade name reservation certificate;
- Lease agreement;
- Memorandum/Articles of Association or partnership contract;
- License form signed by shareholders and owners;
- Special approvals of official authorities, depending on business’ activities or services
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Business Setup Cost in Shams
SHAMS seek to provide a creative environment for entrepreneurs mainly in the media industry to grow. Farahat & Co has a team of qualified business setup consultants that can assist in setting up a business in the Sharjah Media City. The fee table below represents an estimation on business registration in Sharjah cost. Contact us for more information on Sharjah Media City company format and fees of licenses in Sharjah Free Zone.
Cost for Business setup in Sharjah Media City (SHAMS)
Business Registration and Licensing Cost Fees Name Reservation AED 500.00 Knowledge Fee & Innovation Fee AED 20.00 Cost by Trade Licence Type (Select one of the following) Trading License Fee (Starting from) AED 11,500.00 Service License Fee (Starting from) AED 11,500.00 General Trading License Fee AED 16,500.00 Industrial License Fee AED 11,500.00 Social Media Influencer Package AED 13,000.00 Setting up a branch office (Starting from) AED 11,500.00 Setting up a Branch of a Foreign Company (Starting from) AED 10,000.00 Fee for an additional activity (if applicable) AED 2,500.00 Additional Fees for Business Registration E- Channel Registration AED 2,150.00 E- Channel Refundable Deposit AED 5,000.00 Administrative Fee for Immigration Card (One-time Fee) AED 2,100.00 Immigration Card AED 1,500.00 Chamber of Commerce Fees AED 1,800.00 Visa Processing Cost Visa administrative fee AED 1,050.00 Issuance of employment contract AED 350.00 Visa Allocation Fee AED 1,600.00 Emirates ID (Starting From) AED 370.00 Medical Test (Starting From) AED 315.00 Employment/Residence Visa (Select one of the following) Employment / Residence Visa – In Country AED 4,030.00 Employment / Residence Visa – Out of the Country AED 3,080.00 Investor/ Partner Residence Visa – In Country AED 4,450.00 Investor/ Partner Residence Visa – Out of the Country AED 3,500.00 Postal Services Cost New P.O. Box, Normal Process AED 1,575.00 ATTENTION – NOTEAll fees for government and related authorities are an estimation only, as of on 21st September, 2019. The exact government fees will be determined at the time of submission of the applications. We are obligated to provide our clients with all receipts of government and related agencies against the amount that will be paid. Every amount that will expense for your business registration will be supported by documents. In case of shortage, the client has to repay us. In case of excess, we have to refund the client.
Our professional fee covers consultation, drafting of legal documents, introducing reliable local citizen service-agent when required, assisting in document notarization from the local notary public, assisting in local bank account opening, and applying to the concerned authorities on your behalf.