How to Set Up Your Company in SAIF Zone?

The Sharjah Airport International Free Zone, or SAIF Zone, is one of the most dynamic and strategic business hubs located in the United Arab Emirates (UAE). Since its establishment in 1995, the free zone has been a popular choice for businesses looking to tap into the Middle Eastern market.

Known for offering state-of-the-art infrastructure, SAIF zone is strategically located and has put in place business-friendly policies. The free zone offers unparalleled opportunities to various entrepreneurs, whether you are looking to expand your business footprint or launch a new venture.  Read on to learn more about business setup in SAIF zone.

Business Structures Available in SAIF Zone

For starting a business in Sharjah Airport International Free Zone, entrepreneurs must select an appropriate business structure that meets their specific needs and objectives. Let us have a look at the legal entities permitted by the relevant free zone authority.

• Free Zone Company (FZC) - An FZC can be owned by individuals or corporate entities and can only be established in free zones. It requires a minimum of two and a maximum of fifty shareholders.
• Branch of a Foreign Company - This legal structure is an extension of an existing foreign company. Opening a branch office in Sharjah can conduct business activities similar to that of its parent company. This office is fully owned by the parent company and operates under its name and license.
• Free Zone Establishment (FZE) - An FZE is a limited liability entity that can be established by a single shareholder. Here, the shareholder's personal assets are protected from the company's liabilities.

Steps to Start a Company in Sharjah Airport International Free Zone

To streamline the process of Sharjah free zone company formation, you must follow the steps mentioned below:

Step 1 - Choose the business activities that you want the business to engage in. This helps in determining the company structure, required license, and more.

Step 2 - Pick a legal structure; you can choose from the list mentioned above. This is essential to decide ownership, liability, and taxes, among other things.

Step 3 - Decide a name for the company and apply for trade name certification. It is mandatory to adhere to the UAE’s naming regulations while picking the business name.

Step 4 - Prepare all the necessary documents and submit them along with the completed application form on the online portal or by visiting the office. Some of the documents required include passport and visa copies of all shareholders, copies of business plan, address proof, Memorandum of Association (MoA), and Articles of Association (AoA).

Step 5 - Apply for initial approval with the SAIF zone authority. The approval will be provided after they review the application.

Step 6 - Secure an office space within the free zone and obtain the lease agreement from the landlord.

Step 7 - Apply for the appropriate trade license based on the business activity.

Step 8 - Register the business with the appropriate authorities by submitting an application and the necessary documents.

Step 9 - Pay the requisite fees to the authorities to complete the process of starting a company in SAIF zone.

How Can Commitbiz Help?

Commitbiz LLC is a big name in the business consultancy industry. Our team offers expert guidance on company formation, licensing, and corporate structuring across the UAE and the Middle East. With our guidance, business setup in SAIF zone is smooth and hassle-free. Our experts help businesses to thrive in Sharjah’s business environment. Contact us to get started!