HomeFree Zone Company - Sharjah Media City - Reproduction of recorded media

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Service Company SetupReproduction of recorded media

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Sharjah Media City logo
JurisdictionSharjah Media City
Service
Short description

This company can engage in the reproduction from master copies of gramophone records, compact discs, and tapes with music or other sound recordings. The activity can also include reproduction from master copies of records, compact discs, and tapes with motion pictures and other video recordings, as well as reproduction from master copies of software and data on discs and tapes.

About the company's activities
Types of activities

For setup of this company in Shams, the following business activities group has been chosen:

  • Reproduction of recorded media (group 182):
    • 1820.01 - Reproduction from master copies of gramophone records, compact discs and tapes with music or other sound recordings;
    • 1820.02 - Reproduction from master copies of records, compact discs and tapes with motion pictures and other video recordings;
    • 1820.03 - Reproduction from master copies of software and data on discs and tapes.

In addition to this group, the company can choose from two to four activity classes depending on the chosen package within one license without additional fees.

License Type

Shams license that allows to сonduct service activities.

Additional External Regulator Approvals

No additional approval is required in order to complete the registration process of the company conducting this group of business activities.

Share Capital Requirements

The minimum share capital requirement for Shams companies is AED 100,000, its contribution is optional.

Company Name Requirements
  • Must not be identical or similar to local/global brands or registered trademarks
  • Must not contain words, such as "Park", "Venue", "Organization", "Bank", "Foundation" and others
  • Must not contain the names of local/international religious, political or governmental organizations
  • Must not contain the names of Allah or God, or any other religious terminology
  • Must not contain geographical names, such as the names of emirates, cities, countries and other landmarks
  • Must not be identical to an existing social media name (applicable to media companies)
  • Must not violate the UAE laws or contain words that are obscene, indecent or generally offensive
  • May contain the words "University", "Academy", "School", "Institute", "College", subject to appropriate permission from regulatory authorities
  • May contain the name of a shareholder
  • Must correspond to the company’s business activities
About Jurisdiction
Name and Description
  • Title: Sharjah Media City
  • Description:

    Shams (Sharjah Media City) is a free economic zone established in 2017 in the Emirate of Sharjah, UAE. Shams not only specializes in media activities but also provides opportunities for opening wholesale and retail trading companies, as well as manufacturing enterprises, such as publishing houses, printing, various studios, and others.

    Shams offers business licenses in the following sectors:

    • Trading (Wholesale & Retail);
    • Professional (Services & Consultancy);
    • Media;
    • Light industry.

    Shams actively employs advanced technologies, ensuring the conduct of all registration and documentation processes in electronic format, eliminating the need for personal presence. Companies registered in Shams have the opportunity to engage in international business and operate within the free zone without restrictions.

Advantages

The registration of a company in the Shams jurisdiction provides a range of benefits and opportunities for entrepreneurs:

  1. Access to local and global markets. Companies registered in Shams can successfully conduct business activities both within the free zone and beyond the UAE. This contributes to business expansion, establishment, and strengthening of partnerships, as well as interaction with clients and partners worldwide.
  2. Technological innovations. Shams successfully implements cutting-edge technologies, including electronic registration processes, integration with governmental bodies, and simplified document management, thus creating modern and efficient conditions for entrepreneurs.
  3. Diverse range of activities. Shams provides a varied list of business activities, including trading, professional services and consultations, and light industry. Shams not only allows the combination of multiple types of business activities but also enables the selection of entire groups, consolidating them under a single license.
  4. Media activity support. Shams provides ideal conditions for media companies, offering special deals and infrastructure, which includes equipped studios for sound recording, podcast creation, video content, film, and television projects.
  5. Customized business solutions. In case of absence of a standard package solution, Shams is ready to develop a customized offer for clients tailored to their specific business needs
  6. Profit control. Foreign investors in Shams can fully own companies in various business sectors, providing them with complete control over profits and the freedom to repatriate capital outside of the UAE.
Company Legal Types

Shams offers two primary types of legal entities for company registration:

  1. Free Zone Limited Liability Company (FZ-LLC): a limited liability company that allows from 1 to 50 shareholders who are only liable for the company's debts up to their share of the capital. Shareholders can be UAE citizens, foreigners, or legal entities.
  2. Branches:
    • Branch of a UAE-Based Company: companies already conducting business activities in the UAE under another jurisdiction can open a branch in Shams to expand their business.
    • Branch of a foreign company: Allows foreign companies to establish a presence in the UAE without the need to create a separate legal entity. A branch in Shams will engage in the same activities as the head company, with the head company remaining responsible for the branch's operations.
Offices/Premises

Shams offers office spaces and specialized premises tailored to the needs of media businesses.

  1. Office Solutions:
    • Shams offers various office solutions for company registration, with the rental cost included in the service packages or available for additional rent to increase visa quotas or enhance company amenities.
      • Workspace "Shared Desk" (from AED 2,573/year): This entails a shared desk in a coworking space with a fixed number of hours of usage per month by prior reservation. The cost includes free internet access, a tea and coffee-making machine, as well as access to monthly events and seminars. It includes up to 6 visa quotas. The cost may be included in Shams packages.
      • Workspace "Dedicated Desk" (from AED 3,150/year): This offers a dedicated desk in a shared office space, which can be reserved for an extended period. It includes up to 12 visa quotas. Can be purchased to increase the number of visa allocations.
  2. Legal Address:
    • For company registration, Shams provides a legal address without the need to rent a physical office.
    • The cost is included in Shams packages with zero visa quotas.
  3. Production Studios:
    • Specialized spaces equipped with modern technology, designed for creating high-quality audio and video content.
    • Can be used for recording music, podcasts, sound effects, audiobooks, advertising materials, and other media projects.
    • The equipment have the latest versions of licensed software. It can be used for professional mixing, mastering, dubbing, shooting, and editing.
Tax Regime and Profit Management

The UAE has several taxes and fees that regulate the financial activities of both legal entities and individuals. Below are the main ones:

  1. Value Added Tax (VAT):
    • Since January 1, 2018, the UAE has implemented a 5% VAT rate. The UAE is among the top 10 countries globally with the lowest VAT rate as of 2023.
    • Foreign companies in the oil and gas sector are subject to a 55% rate, and foreign banks face a 20% rate.
    • Companies with an annual turnover exceeding AED 375,000 are required to register with the Federal Tax Authority (FTA) as VAT taxpayers.
    • Some goods and services may be exempt from VAT or subject to a 0% rate, such as international transportation, educational and medical services, and more.
  2. Corporate Tax:
    • It is a direct tax imposed on a company's taxable net profit.
    • Starting from June 1, 2023, a 9% corporate tax is levied on companies with profits exceeding AED 375,000.
    • A 0% rate is applied to taxable income below AED 375,000.
    • Charitable and non-profit organizations, as well as educational and medical institutions, are fully exempt from CPT.
  3. Excise Tax:
    • It is an indirect tax imposed on specific excise goods deemed harmful to human health or the environment. Examples include alcohol, tobacco products, and sugary beverages, including energy and carbonated drinks.
    • Excise tax rates vary depending on the category of goods: alcohol is taxed at 30% of the retail price, tobacco products at 100%, sugary beverages at 50%, and energy drinks at 100%.
  4. Customs Duties:
    • A list of over 700 items is exempt from customs duties. For items not on this list, the rate is 5% of their value. 
      Goods exported from the UAE or imported by charitable organizations, Arab countries, and Gulf Cooperation Council countries (with a certificate of origin) are not subject to customs duties.
    • Starting from January 1, 2023, when purchasing items worth more than AED 300 from foreign online platforms, a 5% customs duty and 5% VAT are required. Items below AED 300 are exempt from customs duties.
  5. Personal Income Tax:
    • In the UAE, personal income is not subject to taxation.
    • UAE citizens and residents are exempt from paying taxes on their personal income, including wages, interest, dividends, royalties, inheritances, gifts, capital gains, and other sources of income.

All companies registered in Shams are required to undergo an annual audit and submit financial and tax reports.

Resident Visas

Shams offers the following main types of visas:

  1. Investor Visa:
    • Provided to foreign investors and entrepreneurs who invest in Shams through establishing or acquiring a company.
    • The investor gains the opportunity to manage their business in Shams, live, and work in the country.
    • Entitles the visa holder to sponsor their family.
    • Issued for a duration of 2 years, may be canceled if the visa holder is absent from the UAE for more than 6 months.
  2. Employment Visa:
    • Issued by the company for its foreign employees.
    • Allows the visa holder to reside and work legally in the country.
    • Requires education and qualification confirmation in their respective field.
    • Issued for a duration of 2 years and can be renewed upon the renewal of the employment contract.
  3. Dependent Visa: Family Visa, Maid's Visa:
    • Provided to family members and accompanying domestic workers (such as housekeepers, nannies, etc.) of the applicant, who will be the sponsor in the visa process.
    • Allows holders to reside in the UAE.
    • The applicant (sponsor) is required to provide:
      • relationship proof and ability to house and finance dependents;
      • wage amount confirmation: at least AED 10,000 basic salary for women, and AED 5,000 for men;
      • Investor, Partner, or Manager designation in visa.
    • Issued for a period of 2 years, during which the applicant must stay in the country.

The allowable number of visa quotas can be set within Shams packages. If there is a need to increase the number of visas, it requires either changing the package or leasing Shared Desks, an additional working space.

Order service directly at Shams

Total:

Order the support of an authorized platform partner

Plan:
Standard
Premium
Total:

Order services directly through Shams

With the assistance of our platform manager, who will provide you with service instructions, arrange meetings with Shams representatives, and assist in coordination

  • Direct access without intermediaries
  • No additional fees
  • No commissions

Choose our "Standard" plan

Receive expert guidance from an authorized consultant who will manage the entire process of obtaining Shams services

  • Time-saving
  • Predictable outcomes
  • Personal expert assistance
  • Business-class transportation to service locations
  • Minimal involvement required

Opt for our "Premium" plan for top-tier expert guidance

An elite consultant will oversee the process of obtaining Shams services, ensuring a seamless experience

  • VIP airport reception in Dubai for one person
  • Premium-class airport-hotel-airport transfers
  • Expedited VIP procedures
  • Guaranteed results
  • Personal expert available 24/7
  • Premium-class transportation to service locations
  • Minimal involvement required
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