Sharjah is the third largest emirate in the UAE and there has been an increase in the number of businessmen and entrepreneurs who are coming into the country to set up a business. with the growing need for media-dependent industries, there have been developments of a number of free zones that focus on such creative companies. The Sharjah Media City (or SHAMS) is the latest addition to the free zones in the UAE which provide a special focus on the media-related companies and companies in related fields.
The Sharjah Media City (SHAMS) is one of the newest media city which was established in Sharjah and was launched in the year2017. The Sharjah Media City was launched in January 2017 with the aim of providing a platform to the entrepreneurs which will help them to invest and grow their business further.
The vision of the free zone is to become a world-class hub for creativity and media in the Middle East. The mission of the free zone is to inspire business growth and encourage the innovators to live, learn, and co-create. SHAMS has proved itself to be a fast-growing free zone with a huge potential to expand and incorporate more services.
Product / Services Offered
There are three different types of licenses available to a company in the Sharjah Media City Free Zone. These are:
1.Service license
This license will allow production, transformation, reproduction, distribution, and other related services. The service license will allow the companies to utilize the goods to their fullest potential.
2.Trading License
Importing or exporting goods or selling a particular good within the SHAMS Free Zone will require this license. This license will also include any movement of the goods or sale of goods either wholesale or retail.
3.Industrial License
This license will allow the transformation, production, re-production, and/or manufacturing of a good.
Types of Businesses Available
There are two types of business structures available in Sharjah Media City. These are:
- Sharjah Media City (SHAMS) - LLC
- SHAMS Branch
Sharjah Media City (SHAMS) Approved Auditor
Approved auditors are individuals or firms which have been ratified by the managing authority of the free zone. Only an approved auditor can perform an audit of a company that is established in the free zone. this is why it is very important to take the assistance of an approved auditor to perform an audit of the company in the Sharjah Media City. If the services of an audit firm which is not an approved auditor are engaged, it will not be considered by the management.
In case you are looking for Audit firms in Sharjah for your company in the Sharjah Media City, then you should have a look at the services provided by JAXA Chartered Accountants. The experts at JAXA will understand your business and then provide a solution accordingly and will take care that the solution suits the requirements of the business.