United Arab Emirates

United Arab Emirates

Company Formation in Shams

Sharjah Media City (Shams)

Formation Time
1–3 business days
Min. Capital
No minimum
Corporate Tax
0% (qualifying)
Foreign Ownership
100%

Overview

Shams (Sharjah Media City) is one of the most affordable free zones in the UAE, offering freelancer permits, media licences, and general trading licences. Despite the 'media' name, Shams supports a wide range of business activities. It is extremely popular with freelancers, digital nomads, and solo entrepreneurs seeking a UAE visa and business licence at minimal cost.

Most affordable FZ
1-day formation
Freelancer permits

Why Choose Shams

1

One of the cheapest free zones in the UAE

2

Formation in 1–3 days

3

Freelancer permits available

4

No office requirement — virtual options

5

Wide range of activities despite media focus

6

Perfect for solo entrepreneurs and freelancers

Business Entity Types

EntityOwnershipDirectorsCapitalTaxBest For
FZ-LLC / Freelancer100%1None0% qualifyingFreelancers, e-commerce, consulting, media

Step-by-Step Formation Process

1

Online Application

30 min

Complete Shams online form.

2

Payment & Approval

1 day

Pay fees and receive instant approval.

3

Licence

Same day

Licence issued digitally.

Costs & Fees

Government / License FeeAED 5,750+
Our Service FeeUSD 2,000+
Annual RenewalAED 5,750+

Fees are indicative and may vary based on business activity, entity type, and additional approvals required. Contact us for a precise custom quote.

Get Custom Quote

Banking

Shams companies face more scrutiny from traditional banks due to low cost structure. Digital banks recommended.

Account Opening Time
1–6 weeks
Multi-Currency
Yes — multiple currencies supported

Recommended Banks

Wio BankMashreq NeoRAKBANK

Tax Overview

Corporate Tax
0% qualifying
Personal Income Tax
0%
VAT / Sales Tax
5%
Capital Gains Tax
0%
Withholding Tax
0%
Double Tax Treaties
137 countries