Sharjah Media City Free Zone Business Setup Consulting with MBC DMCC

Sharjah Media City

Sharjah Media City

Shams, Sharjah Media City is located in the emirate of Sharjah, the cultural capital of the UAE. Shams was launched in January 2017, with a vision to be a world-class hub for media and creativity in the region. The free zone will issue licenses to companies, freelancers and entrepreneurs working in the media, technology and creative industries. Similar free zones are present in the region including in Abu Dhabi and Dubai with TwoFour54 and Dubai Media City, respectively.

Shams is a dynamic initiative that makes a strong connection with the talented individuals it attracts. Shams offers smart innovative services, coupled with a holistic community-centered approach. Sharjah represents a safe and progressive environment for company formation, offering foreign investors benefits, such as zero corporate, import and export taxes, in addition to other advantages. The UAE is well-recognized the world over as a trading hub, boasting a large non-oil sector that contributes to nearly 70% of the GDP – 45% of which is contributed by Sharjah’s trading activities.

At My Business Consulting DMCC, we provide personalized consultancy, support, and management services to our clients who want to incorporate in Sharjah Media City or free zones around the UAE. Our approach to consultancy in inception, licensing, creating an ideal corporate structure, and more can help you take the right steps in business in UAE.

Shams, Sharjah Media City is located in the emirate of Sharjah, the cultural capital of the UAE. Shams was launched in January 2017, with a vision to be a world-class hub for media and creativity in the region. The free zone will issue licenses to companies, freelancers and entrepreneurs working in the media, technology and creative industries. Similar free zones are present in the region including in Abu Dhabi and Dubai with TwoFour54 and Dubai Media City, respectively.

Shams is a dynamic initiative that makes a strong connection with the talented individuals it attracts. Shams offers smart innovative services, coupled with a holistic community-centered approach. Sharjah represents a safe and progressive environment for company formation, offering foreign investors benefits, such as zero corporate, import and export taxes, in addition to other advantages. The UAE is well-recognized the world over as a trading hub, boasting a large non-oil sector that contributes to nearly 70% of the GDP – 45% of which is contributed by Sharjah’s trading activities.

At My Business Consulting DMCC, we provide personalized consultancy, support, and management services to our clients who want to incorporate in Sharjah Media City or free zones around the UAE. Our approach to consultancy in inception, licensing, creating an ideal corporate structure, and more can help you take the right steps in business in UAE.

ADVANTAGES OF BUSINESS SET UP IN SHARJAH MEDIA CITY





TYPES OF LICENSES

To start your business setup in Sharjah Media City or any other free zone in the UAE, get in touch with My Business Consulting DMCC today. My Business Consulting DMCC provides support in setting up your business in the UAE with the most suitable facilities for your business needs and assists in opening a corporate or personal bank account, obtaining a residence visa in the UAE! One way is set up a company in Sharjah Media City. We will assist you to choose the right corporate structure and license, based on your requirements and business goals. To know more about our services and fees, request a proposal for a free zone company formation or call us for a consultation!

SETUP YOUR BUSINESS IN SHARJAH MEDIA CITY FREE ZONE TODAY!

Calculating Your New Free Zone Company in Sharjah Media City (Shams)

The most important factor in creating a viable business plan for a start-up company is understanding the initial costs. This page is a run through of General Cost for setting-up a company in Sharjah Media City (Shams), per expenses as follows:

1. Type of License

Each activity is classified into 2 types. Activity Type 1 includes Service, Consultancy and Commercial Licenses. Activity Type 2 is for General Trading License.
Cost per license depends on how many UAE Residence Visas are eligible per License. All packages include Company Registration, but only those packages that are eligible for UAE Residence Visas include Shared Desk Facility.

Activity Type 1 Activity Type 2
Holding Company – No Visa 8000 AED -
No Visa 11,500 AED 16,500 AED
1 Visa Eligibility 16,600 AED 21,600 AED
2 Visa Eligibility 18,200 AED 23,200 AED
3 Visa Eligibility 19,800 AED 24,800 AED
4 Visa Eligibility 21,400 AED 26,400 AED
5 Visa Eligibility 23,000 AED 28,000 AED
6 Visa Eligibility 24,600 AED 29,600 AED

Note: Fees are the subject for additional 5% Value Added Tax (VAT).

2. Resident Visa

In case you would like to apply for the UAE Residence Visa inside UAE, you can just apply for the Status Change service, which will not require you to exit the country, so that you could enjoy the hassle-free process.

SERVICESFEES (AED)
Investor Visa Fees (Valid for 3 years) 3,500
Employment Visa Fees (Valid for 3 years) 3,080
Visa Status Change 1,200
Medical Test, Emirates ID & Photo 1,240
MBC Service Fees 2,500

Note:

  • Fees are the subject for 5% Value Added Tax (VAT).

  • Company must be registered with the Immigration E-channel, if it is not, then the cost for registration will be 2,150 AED and 5,000 AED for the deposit, which will be refunded in case of company liquidation.

3. My Business Consulting DMCC Service Packages

COMPLETE BUSINESS SETUP PACKAGE
  • Corporate Consultancy

  • Day to day update regarding the full process

  • Obtaining Initial Approval: Company name; Activity; Shareholder's structure

  • Obtaining Registration of Company

  • Facility Arrangement/Coordination

  • Obtaining Licensing

  • Obtaining Establishment Card

  • Documents Attestation with chosen authority

  • Free document expiration notification after 1 year

Service Fee - 4,000 AED

Additional Fees:

  • Subsidiary/ Branch – 2,500 AED for Corporate Due Diligence

  • NOC from 3rd party (if required) – starting from 500 AED

After obtaining the license and establishment card of the company, you may process the UAE Residence Visa or Bank Account Opening by yourself, however, shall you require professional assistance of My Business Consulting – kindly upgrade your Package.

UPGRADE
YOUR BUSINESS SETUP PACKAGE
BANK ACCOUNT OPENING SERVICES UAE RESIDENT VISA SERVICES
  • Assessment of Individual/Corporate Background

  • Preparation of Required Documents with a Company Profile specially designed for banks

  • Coordination with Relationship Officer before Account Opening Application Meeting

  • Scheduling Meeting with Relationship Officer

  • Full Assistance during Bank Account Opening Application and Interview

  • Follow-up of Account Opening

  • Regular Updates

  • Introduction of Official Relationship Manager

  • Assessment of Individuals Documents

  • Review of Required Documents

  • Obtaining Entry Permit

  • Typing for Medical Test and Emirates ID

  • Full Assistance in Medical Test, including transfers

  • Full Assistance in EID Biometrics, including transfers

  • Obtaining Visa Stamping

  • Collection of Emirates ID

  • Free document expiration notification after 3 years

+ 7,500 AED
Service Fee
+ 2,500 AED
Service Fee
COMPLETE BUSINESS SETUP PACKAGE
  • Corporate Consultancy

  • Day to day update regarding the full process

  • Obtaining Initial Approval: Company name; Activity; Shareholder's structure

  • Obtaining Registration of Company

  • Facility Arrangement/Coordination

  • Obtaining Licensing

  • Obtaining Establishment Card

  • Documents Attestation with chosen authority

  • Free document expiration notification after 1 year

Service Fee - 4,000 AED

Additional Fees:

  • Subsidiary/ Branch – 2,500 AED for Corporate Due Diligence

  • NOC from 3rd party (if required) – starting from 500 AED

After obtaining the license and establishment card of the company, you may process the UAE Residence Visa or Bank Account Opening by yourself, however, shall you require professional assistance of My Business Consulting – kindly upgrade your Package.


Please note that My Business Consulting DMCC will accept and provide Bank Account Opening assistance only to those companies whose shareholders are holding UAE Residence Visa and are having similar business activity (as to what is proposed) in their home country.

Note:
Fees are the subject for additional 5% Value Added Tax (VAT).
UPGRADE
YOUR BUSINESS SETUP PACKAGE
BANK ACCOUNT OPENING SERVICES
  • Assessment of Individual/Corporate Background

  • Preparation of Required Documents with a Company Profile specially designed for banks

  • Coordination with Relationship Officer before Account Opening Application Meeting

  • Scheduling Meeting with Relationship Officer

  • Full Assistance during Bank Account Opening Application and Interview

  • Follow-up of Account Opening

  • Regular Updates

  • Introduction of Official Relationship Manager

+ 7,500 AED
Service Fee
Please note that My Business Consulting DMCC will accept and provide Bank Account Opening assistance only to those companies whose shareholders are holding UAE Residence Visa and are having similar business activity (as to what is proposed) in their home country.

UAE RESIDENT VISA SERVICES
  • Assessment of Individuals Documents

  • Review of Required Documents

  • Obtaining Entry Permit

  • Typing for Medical Test and Emirates ID

  • Full Assistance in Medical Test, including transfers

  • Full Assistance in EID Biometrics, including transfers

  • Obtaining Visa Stamping

  • Collection of Emirates ID

  • Free document expiration notification after 3 years

+ 2,500 AED
Service Fee
Note:
Fees are the subject for additional 5% Value Added Tax (VAT).