There are a lot of benefits that come with the free zones of the United Arab Emirates (UAE), and some of them include: 100% exemption from export and import tax, unrestricted currency, 100% profits and capital repatriation, 100% company ownership, and 0% personal and corporate tax, among others. Read more to learn how to start a company in sharjah media city.
It goes to say that these benefits have contributed immensely at making the free zones a very attractive spot for business owners, entrepreneurs, and investors from different parts of the world.
Furthermore, it will interest you to know that the benefits do not just end at the aforementioned ones, as apart from the major benefits, the different free zones come with its own unique features, and have some slight differences between each other, according to the different regions.
The Sharjah Media City has a business community that is vibrant, and also has world-class facilities to help increase efficiency and productivity. It is an area located in Sharjah and is known as a hub for the creative, trading, and media industries.
Furthermore, it also provides an offering of various specialized business facilities and services to facilitate the growth of inhabitants both internationally and locally.
Why to start a company in Sharjah Media City?
If you are looking to start a company in Sharjah Media City, here are some reasons why it is a smart move:
- Direct Setup from SHAMS
It will interest you to know that setting up a company in Sharjah Media City is straightforward, as it involves a 2-step process that involves your meeting with officials of the media city to apply for a license (Industrial, Service and Holding, Trading licenses).
After getting the license, you would be required to submit your passport photographs, and append a signature to the official memorandum.
It is important that you ensure your passport photographs are up to UAE Immigration standard: no glasses, no hair on the face, no visible jewelry or piercings, white background, and a colored shirt. If you are able to complete the two steps mentioned above, then you can begin business.
- Plethora of Business Activities and Possibilities
The name may be suggestive of an entrance policy that is selective; however, it may interest you to know that Sharjah Media City has its doors open to a wide range of business activities numbering more than 200.
Some of the activities include HR, Bookkeeping, publishing, wholesale, hospitality, etc. Hence, there is no domination of the area by media companies, as the name may suggest. A lot of the inhabitants are involved in one form of trade or another.
It is also important to know that the Sharjah Media City is home to e-commerce industries, retailers, events, and management resources. Hence, whatever your business idea is, it is welcome, as long as it does not go against the laws, policies, and regulations.
It also presents you with more opportunities to diversify and invest in other businesses.
- Flexibility in operating business in SHAMS
The Sharjah Media City offers interested businesses and persons its flexi-desk packages, and they are designed such that entrepreneurs can make use of the provided business facilities that are state-of-the-art, and can be used as ad-hoc provisions.
It features physical office space, showrooms, studios, as well as other units. There are also restaurants, plazas, hotels, shops, and a residential area.
With the facilities, you do not need to limit yourself, and thus hamper your chances at improved productivity, rather the flexibility helps you optimize, and thus enhance your efficiency, effectiveness, and productivity.
- Partner with Shareholders
You have the choice of applying for the flexi-desk package alone, or you can opt for establishing your business with other shareholders, up to 50 of them, and they can either be corporate entities, individuals, or both entities.
Partnering with shareholders also creates more room for other collaborations, and sharing of new ideas that can yield tremendous success for you and the shareholders.
There are several other reasons why you should consider starting a company in Sharjah Media City, for instance, you get the opportunity to enjoy visa flexibility and easily apply for multiple visas, as the flexi-desk package allows you apply for as much as six visas for your employees and shareholders.
You can sponsor your dependants easily, and also apply for a corporate bank account. It goes to show that there are diverse possibilities when starting a company in Sharjah Media City.
- Easy process to setup business
Now that you have an idea about some of the benefits of setting up a company in Sharjah Media City, the onus is on you to determine the next step to take, and it is usually either of two things:
You either decide to go ahead with starting the company, or you look for other options; however, chances are you may not find an option as good as Sharjah Media City.
If you have decided to set up, then it is imperative that you take some important steps, and you need to know that some of these steps are easy, while some are complex with intricate procedures.
However, some basic thing to do include the decision on what business activity to get involved in, decide what the company name should be, go through the processes of completing and filing the necessary paperwork with the appropriate authorities, getting a functional bank account, and also going through the process for visa applications that may be required by the authority.
It is important to note that the authorities and regulatory bodies have strict policies that should be adhered to, as failure to adhere could make you lose the opportunity.
It is important to know that the specifics of the process vary according to the type of business you intend to operate, and the type of license being applied for.
There is the tendency to make mistakes with the processes, and thus mix everything up, and invariably not get the desired results, hence, it is imperative that before you make the first step, you should consult with a firm that is an expert at company setup, as they will do the job for you, by helping you through every part of the setup process, and thus beat down the time required to set up if you were handling it on your own.
At AYS Consultancy, we understand the nitty-gritty involved in setting up businesses and know how tedious it can be for people, especially for those who have no idea what to do, and that is why we offer top notch business setup services to our esteemed clients.
We are professionals in the field, and have garnered a lot of experience over the years; hence we have the pedigree to effectively and efficiently help you set up your company in a place like Sharjah Media City, as well as in Dubai and the United Arab Emirates.
Let us make the business setup easier for you so that you can channel your focus at other important matters, like developing your business.
Sharjah Media City is a beautiful place to have your company setup, and as we have mentioned earlier, the benefits are unique; hence, you need to seize the opportunity, allow us to guide you through the processes, and rise to become one of the successful companies in the media city.
If you looking to start a company in sharjah media city. Contact us to speak to the business consultant specialist.