How to Set Up a Company in Sharjah Airport International Free Zone

Set Up a Company in Saif Zone

Investors all over the world are coming to the United Arab Emirates, which has become a global hub for the business community of the world. The UAE has benchmarked itself as the global hub for investment and business activities. The country has opened its arms for all sorts of business and investment activities and this has turned out to be a prime factor in establishing it as a business-forward nation.

But before you start a business or invest into one, there are certain aspects you need to look and there should be a research conducted before commencing a business. Sharjah Airport International Free Zone, also known as SAIF zone, is a prolific spot for setting up a business in Sharjah. Business opportunities are emerging and rising on a daily basis in SAIF zone which has given rise to investment opportunities in this exclusive business free zone of Sharjah. This Sharjah free zone is more leaned towards the industrial sector in the UAE. SAIF zone contributes to 1/3rd of the UAE’s total industrial activity, and is located at a stone’s throw from the Sharjah International Airport.

Process of Setting Up a Business in SAIF Zone

Business setup process in the SAIF zone takes just 3 simple steps which need to be taken, and your business is ready to start operating. The steps are:

  1. Gathering and submission of documentation to the Commercial Department authorities
  2. Obtaining the business license suited for your business by submitting the requested documents to the licensing department. This process might take up to 24 hours.
  3. Last is completing the immigration process of the business. The visa of the employees, workers and other staff of the business should be taken to ensure their employment in your company.

Sharjah Free Zone License Cost

License Type

Specific Business

Oil & Gas Business

Real Estate Business

Aviation

Commerce

AED 7,500

AED 15,000

AED 15,000

AED 15, 000

General Trading

AED 15,000

-

-

-

Service

AED 7,500

AED 15,000

AED 15,000

AED 15,000

Industrial

AED 7,500

-

-

-

Why Sharjah Airport Free Zone?

SAIF zone fulfills all the basic requirements for a business setup in Sharjah and provides for all the basic necessities required to run it. SAIF zone has sufficient labour force, state-of-the-art infrastructure, organized transportation, and other facilities like:

  • 100% foreign ownership
  • Provision of complete repatriation of funds and currency freedom
  • 100% tax exemption (of personal as well as corporate tax)
  • 100% exemption of all import and export duties
  • A well-connected transport network and a whole airport of their own for global connectivity
  • Availability of lease for a 25 years’ timeframe which can be extended further
  • Provision of office space and warehousing facility
  • Easy transfer of funds without hidden charges
  • Provision of business license issuance within 24 hours
  • Provision of on-site worker accommodations, sponsorship and visa services for all staff
  • No restriction on the hiring of expatriate/foreign workers

Conclusion

Sharjah Airport International Free (SAIF) zone is a symbol of efficient operation – the better alternative for business ventures in the UAE and across the world. SAIF zone has been the most contributing free zone in Sharjah, which has a synergy of different sectors contributing to the success of the country. So, setting up your business in SAIF zone is certainly a wise option to consider if you are looking to start a company in Sharjah. Our team of business advisors at Commitbiz can help you in establishing your business venture in SAIF zone – we provide company incorporation, registration, accounting, bookkeeping, audit, tax advisory, business consulting and intellectual property protection services. Contact us - we'd be glad to be of assistance.