Current Offers -SHARJAH MEDIA CITY-SHAMS
SHARJAH MEDIA CITY
Shams free zone,The City, which aims to become a regional media hub, was established in January 2016 by His Highness Dr Shaikh Sultan Bin Mohammad Al Qasimi, Supreme Council Member and Ruler of Sharjah by virtue of Emiri decree, no. 10 of 2016. Sharjah Media City is located in the emirate of Sharjah which is seen as the cultural capital of the UAE. Shams launched in 2017 with a vision to be a world-class hub for media and creativity in the region. Shams mission is to make creative entrepreneurship accessible and inspire business growth in the region.
The Shams community fosters a vibrant ecosystem for innovation to live, learn and co-create.As a world-class Free Zone hub for innovation, Shams sets the benchmark for service and support to those wishing to set-up and launch their business with specialized facilities for the creative and media industries. Shams is a dynamic initiative that makes a strong connection with the talented individuals it attracts. The new zone will have legal independence over licensing and media regulations, although governed by the laws of the United Arab Emirates and Sharjah. Shams offers smart innovative services, coupled with a holistic community-centered approach. We place great value on localized content and actively encourage entrepreneurial talent from within this thriving community.
The minimum share capital requirement of AED 100,000 for all entities based in Shams but is “optional”. Please note that if you prefer to have share capital, Shams will provide with bank letter to open a bank account in the name of the proposed entity. Once the license is issued the capital amount could be utilized for operational purposes. Please note that the incorporation process will be longer if you choose the “capital option”.
Further a manager needs to be appointed who will be required to be on the residence visa of the company under the sponsorship of the Free Zone Authority. However, to validate the visa, the Manager, would be required to enter the country at least once in six months.