Sharjah Airport International Free Zone – SAIF ZONE Business Setup - Sharjah Airport International Free Zone (SAIF ZONE) was established in the year 1995 in the vicinity of the Sharjah International Airport and in close proximity to major sea ports. SAIF ZONE is widely acclaimed as a business haven because of its investor friendly environment, fast-track service, simplified licensing procedures and extra ordinary infrastructure, technical and non-technical facilities and services.
SAIF ZONE has grown exponentially from 55 companies in 1995 to more than 6500 companies today. The phenomenal growth of Sharjah Airport International Free Zone as an economic haven attracts investors from different parts of the globe to setup their regional business hub to access more than 2 billion customer base spread across GCC, African, Mediterranean and Indian region.
Entrepreneurs planning to setup a business in Middle East can find a wide variety of facilities, legal forms and infrastructure at the lowest cost in Sharjah Airport International Free Zone.
Benefits of Starting a Company in Sharjah Airport International Free Zone (SAIF ZONE)
100% foreign ownership
100% duty exemption for import and export
No corporate tax
No personal income tax
No restriction on capital and profit repatriation
No currency restriction
International air, sea and land connectivity
License issuance in 24 hours
On-site staff accommodation
No restriction on 100% expatriate employees and economical wage structure
A wide variety of plots and facilities to choose
25 years lease extendable to similar period
Licensing Options in Sharjah Airport International Free Zone (SAIF ZONE)
Investors who are planning to setup their business in SAIF ZONE has the following license options:
Commercial License – for carrying out commercial and trading activities. The licensee gets the right to import, export, store, consolidate, distribute and trade the items specified in the license. Maximum three product lines are permitted in a license.
General Trading License – this type of commercial license allows the licensee to deal in a wider variety of product lines.
Service License – allows the license holder to engage in service activities specified in the license.
Industrial License – are primarily meant for industrial and manufacturing activities. Licensee can import raw materials, manufacture, assemble, process, pack and export finished products. SAIF ZONE Health & Environment Department clearance is required for industrial license.
Note: The type of license is largely depend upon the business activity selected by the investor.
Legal forms permitted for Business Setup in Sharjah Airport International Free Zone
A company can be formed in any of the following legal forms, in SAIF ZONE:
Free Zone Establishment (FZE) – a company incorporated by a single individual or artificial juridical person as sole shareholder. The FZE has separate legal identity and limited liability.
Free Zone Company (FZCo) – established by more than one shareholders. The company has separate legal identity and limited liability.
Branch of a Local Company – a company registered outside the free zone and within UAE can establish a branch in SAIF ZONE.
Branch of a Foreign Company – a company registered outside UAE can setup a branch in SAIF ZONE.
Facilities available in SAIF ZONE for Business Setup
A wide variety of office, warehouse, land and labour accommodation facilities are available in Sharjah Airport Free Zone. Investors can select the option suitable for their business requirements.
Offices – unfurnished office package includes all utility charges, commercial or service license.
Executive Offices – furnished, air conditioned executive office suites including utility bills and parking.
Industrial Park – minimum plot size is 2500 sq. m. Six months grace period for construction.
Land on Lease - minimum plot size is 2500 sq. m. Six months grace period for construction.
Pre-built Warehouses – of different size (103 sq.m. storage + 22 sq.m. office / 190 sq.m. storage + 60 sq.m. office / 340 sq.m. storage + 60 sq.m. office / 450 sq.m. storage + 150 sq.m. office ).
Temporary Warehouse – available with additional annual charge.
Labour Accommodation – 82 buildings to accommodate more than 14500 junior staff.
Mr. Baiju Masoodu is a Free Zone Business Set-up Consultant. Our ‘corporate service firm’ can advise and assist you to set-up a business in Sharjah Airport International Free Zone and other Free Zones in Dubai and UAE. For a free consultation & cost estimate, call me on: +971 50 214 1476 or mail me at: firstname.lastname@example.org