Sharjah Media City

Frequently Asked Questions: Buying a SHAMS Free Zone Company in Sharjah

What are the advantages of acquiring a SHAMS (Sharjah Media City) company?
SHAMS is one of the most innovative and digitally agile free zones in the UAE. Acquiring an existing SHAMS entity provides seasoned corporate vintage, ultra-low operating overhead, and comprehensive digital media, trading, and e-commerce licensing.
What is the acquisition cost of a SHAMS shelf company?
SHAMS entities are exceptionally cost-effective, typically ranging from AED 14,000 to AED 30,000 depending on vintage, visa packages, and corporate bank status.
How long does a SHAMS share transfer take?
SHAMS operates a rapid digital registry; share transfers and reissuance of the digital trade license are completed in 2 to 4 business days.
Can I combine trading, consulting, and media under one SHAMS license?
Yes. SHAMS allows combining multiple commercial activities across professional services, e-commerce, and digital media under a single trade license.
Does SHAMS require a paid-up share capital deposit in the bank?
No. SHAMS does not require physical proof of paid-up share capital deposit during share transfer or annual renewals.
Can foreign nationals own 100% of an acquired SHAMS company?
Yes. Foreign investors can own 100% of the shares with zero local national sponsor requirements and full profit repatriation.
What office facilities are required for SHAMS companies?
SHAMS offers cost-effective shared-desk and dedicated-desk packages that satisfy all license and visa quota requirements without long-term commercial leases.
How many residency visas can be issued on a SHAMS license?
SHAMS offers flexible visa packages ranging from zero-visa holding structures up to 6+ investor and employee visas.
Can an acquired SHAMS company open a bank account in Dubai?
Yes. SHAMS entities are fully accepted across UAE commercial banks, including Emirates NBD, Mashreq, Wio Bank, and Commercial Bank of Dubai.
Is an annual audit report mandatory for SHAMS license renewals?
No. Standard SHAMS licenses are exempt from submitting annual audited financial statements for standard renewals, minimizing annual accounting overhead.

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