If you’re aiming to set up Dubai-free zone companies, the Sharjah Media City Free Zone should be highly considered as it promotes creativity and economic growth by encouraging business investment. His Highness Sheikh Dr. Sultan bin Muhammad Al Qasimi, UAE Supreme Council Member, and Ruler of Sharjah, launched the Sharjah Media City free zone in February 2017. Since the last four years, Sharjah has had tremendous growth due to entrepreneurial activities in the free zone. At Consultzone, one of the renowned business setup consultants in Dubai, let’s understand how the formation of Dubai-free zone companies here can be beneficial for your business.
Company Formation In Sharjah Media City Free Zone
Dubai-free zone companies’ formation in the Sharjah Media City free zone is a smooth process. The free zone authority itself sanctions the license and approval. It is easier to set up a business in the free zone than in the mainland. The legal procedures related to Sharjah Media City free zone business setup are far more relaxing compared to a company formation process elsewhere. The shareholders are not necessarily required to be present in UAE during the formation process. It is beneficial to trade in the Sharjah Media City Free Zone because one license covers various activities. Due to its proximity to Dubai and Ajman, Sharjah is an ideal destination to set up Dubai-free zone companies.An e-commerce business can set up its company under Sharjah Media City to sell its products in the free zone. In addition to these, Sharjah Media City’s free zone business setup explicitly encourages women entrepreneurs to invest in the location to engage in a healthy business environment.
Sharjah Media City free zone business setup
Investors can easily apply for Sharjah Media City free zone business setup through the official online portal of Sharjah Media City. There are no deposits required at the time of formation of Dubai-free zone companies, and the entire process is transparent. Following are the steps for Sharjah Media City free zone business setup:
- Visit the online portal of Sharjah Media City and select the appropriate choice of business license available in the list.
- Selectan option for office
- Submitall the required legal documents and
- Paythe amount to complete the
- Obtaina business license to start
Sharjah Media City Free Zone Packages
The packages to set up a business are competitive and cost-effective. To get the most benefits, investors should compare with other packages and select the most suitable option for their business. The business setup packages in Sharjah Media City free zone start from AED 8,050. The package for an e-commerce license in Sharjah Media City starts from 5,750. This license is also known as the freelance business license, highlighting the importance of e-commerce in Sharjah’s free zones.
Many factors like the type of business activity, number of visas, and office space influence the cost of the packages in the Sharjah Media City free zone. To get the best package, an investor should hire a professional consultant to get the best package.
Shams Free Zone License Cost
Sharjah Media City free zone offers four main licenses: service license, trading license, industrial license, and holding license. An investor must choose the proper permit for the Dubai-free zone companies to avoid any damage in the future. A standard price for a year’s license starts from AED 11,500 to AED 40,250 for five years. Based on the tenure of the license, a company can apply for license renewal at the end of its license period. There are strict penalties for the non-renewal of the license. Therefore, an investor must plan well in advance to avoid penalties and engage with trusted business setup consultants in Dubai like Consultzone.
The process of Sharjah Media City free zone business setup is one of the simplest ways to set up a business. Business set up in Sharjah free zone consumes less time and is highly cost-effective. Their support for women entrepreneurs and e-commerce businesses makes it the ideal spot for the next business venture.
