Sharjah Media City

SHAMS Free Zone

What is SHAMS Freezone

SHAMS was formed in 2017 and since has attracted numerous businesses looking for cost effective business set up solutions.  SHAMS targets mostly the creative industry, although most activity types are available.  As with all UAE free zones there is zero corporate tax and 100% foreign ownership too.   Located in Sharjah, a Northern Emirate, SHAMS is very good value.

01

Choose

Choose and then check your business name and activity, some company names aren’t allowed, and certain company activities need government permissions.

02

Provide

Make your application to SHAMS, stating how many visas you’ll require along with a description of your companies’ activity.  You’ll need to provide 3 potential company names.

03

Legalized

Provide SHAMS with all the requested documents, proof of ID and address and wait until you’ve been processed through Anti Money Laundering checks (AML)

04

Finished

Within 7 to 10 days your company will have been formed, you’ll receive your incorporation documents and trade license.   Your residence visa will typically follow another 7 to 10 days after.

01

Choose

Choose and then check your business name and activity, some company names aren’t allowed, and certain company activities need government permissions.

02

Provide

Make your application to SHAMS, stating how many visas you’ll require along with a description of your companies’ activity.  You’ll need to provide 3 potential company names.

03

Legalized

Provide SHAMS with all the requested documents, proof of ID and address and wait until you’ve been processed through Anti Money Laundering checks (AML)

04

Finished

Within 7 to 10 days your company will have been formed, you’ll receive your incorporation documents and trade license.   Your residence visa will typically follow another 7 to 10 days after.

We Will Help You Every Step Of The Way

Aston Advisory Group will be with you every single step of the way, from helping you select the company name, through to ensuring you receive the trade license and residency visa.

The right choice for you

Why SHAMS Freezone?

Selling Points

One of the bigger selling points for SHAMS has always been the ease of set up, you don’t require an NOC (Non objection certificate) from your current visa sponsor, along with the low price of 11,500 AED for a basic set up with no visa, this makes SHAMS a very attractive option.

Ownership

100% foreign ownership

NOC

No NOCs required

Value & Access

Great value for small start ups & Great access to seaports and airports

The right option

It does need to be mentioned, that if you’re looking for a business bank account as a new business, this may not be the right option for you. 

Make an inquiry

No hidden fees, No binding, Get in contact with one of our experts

What Can We Help You With?

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Do you have any Questions?

Questions And Answers

Aston provides specialised, custom advice with an emphasis on global company formation and advisory.  Astons services are of use to anyone looking to minimise their current or potential tax liabilities as individuals, families and companies. To give the best possible results, Aston creates and will administer highly efficient structures for private clients and their families, companies, entrepreneurs and expatriates looking to relocate.  

Contrary to popular belief, an offshore company setup is very affordable, the savings for the right structure can be very healthy.  Depending on the type of business you want to setup, where your home country is.  The savings on corporation tax alone easily takes care of any recurring fees. This depends on how your company is structured and where.

Aston Advisory covers every single major jurisdiction.  We will find you the best location in the area of your interest.  There are few safe zero tax regimes to choose from, each has its own pros and cons.  The level of due diligence and compliance is always high in the better locations too.

Every company needs to be able to invoice its clients, without a bank account this devalues trust with new clients and makes running your business close to impossible.  Aston Advisory Group will design the structure that gives you and your company the best possible chance of obtaining corporate accounts in the jurisdiction of your choice. There are many issues companies face when trying to open a new company bank account, however, clients that follow advice have got what they wanted.  Often, clients will ask if there is some way to speed up a process or circumvent it.  The short answer is no, you cannot. Every bank has to follow very strict laws both locally and globally or the bank faces very harsh punishments.  Usually, a bank will need to see close top 1.5KGs of paperwork for a new account, if you’re not sure of what to do with a new account, its always best to ask for help or you run the risk of no bank account and wasted months trying.  To open a new bank account, can take up to 8 weeks if the requested information is delayed.
 
*Any shareholders will need to be present for opening a corporate onshore bank account.

Each company and its owners are unique, depending on company activity, where the owners are from are just the start.  A European company director in a standard industry, with all the right paperwork in hand could realistically have a new company and bank account up and running inside of 6 weeks.

For any companies that you take a residency with, you will need to be present for signing the articles of incorporation and also present during your visa process too.  It’s important to mention, that any bank accounts need to be opened in person too.

This is always down to each company and its requirements, they all have good and bad points.
 
Free zone – 100% expat ownership available, banking is possible, great for businesses looking to operate overseas and minimise tax back home.  Usually, a company will have its head quarters in Dubai, and operate everywhere else.  This does not mean there is no tax to pay back home, it does mean your business will be streamlined and more tax efficient.  Office space not always required, good for certain startups or those looking to keep cashflow tight.
 
Mainland – will require some form of local involvement in the way of a sponsor or local service agent, which would grant you 100% ownership with certain types of activities. These are usually much stronger ;legal structures as they’re LLC’s, these also can open corporate accounts much faster and have a stronger reputation globally.  Certain types of businesses have to be mainland, you will also need to take office space with this structure. 
 
Off-shore – these structures are useful for those looking to conduct activities outside of their usual trading area.  They’re difficult to get bank accounts with, so not always ideal for many.

Once you’re 100% happy that what Aston Advisory Group has suggested as the right plan. We’ll send you our service agreement to sign, along with an invoice, once payment has been received into our corporate account, we can begin the work.  We’ll typically ask for things like copy of your passport, proof of address, passport pictures and so forth.  Please note, that certain nationalities are unable to open a company or bank account.