In Sharjah Media City (Shams Free Zone) an emerging free zone in UAE through Emirates Chartered Accountants Group. They have started issuing free zone licenses in different sectors.
SHAMS, Sharjah Media City is located in the emirate of Sharjah, which is launched in January 2017 with a vision to be a world-class hub for media and creativity region. Its mission is to make creative entrepreneurship accessible and inspire business growth in the region. This free zone is the third free zone in Sharjah emirate.
Sharjah Media City aims to become a regional media hub, which was established in January 2016 by His Highness Dr Shaikh Sultan Bin Mohammad Al Qasimi, Supreme Council Member and Ruler of Sharjah.
The free zone will issue licenses to companies, freelancers and entrepreneurs working in the media, technology and creative industries and also different activities like consultancies and trading.
TwoFour54 and Dubai Media City are similar kind of free zones available in Abu Dhabi and Dubai respectively.
In Shams, like other free zones, registered companies and business professionals will be exempt from taxes and local fees.