Are you struggling to find a perfect location for your business in the UAE? The Sharjah Airport International Free Zone (SAIF Zone) is a great option, established in 1995 and thriving ever since.
This blog will guide you through everything you need to know about business setup in the Sharjah Airport International Free Zone. Keep reading to discover how business setup Sharjah Airport International Free Zone can benefit your business!
Key Takeaways
- Business setup in SAIF Zone offers 100% foreign ownership and tax exemptions. Businesses do not need a local sponsor and enjoy corporate tax rates of 0%.
- Located next to Sharjah International Airport, SAIF Zone provides easy global connectivity. Over 2 billion people are within a four-hour flight radius.
- The free zone business setup provides options of various licenses such as Commercial, Industrial, Service, and E-Commerce Licenses. This caters to diverse business needs like trading, manufacturing, and services.
- Companies benefit from top-notch infrastructure including office spaces, warehouses ranging from 125 to 600 sq m, and plots of land for large projects.
- Support services like visa assistance from PROs help with legal formalities. This ensures smooth operations and compliance with UAE laws.
Strategic Advantages of SAIF Zone Company Formation
Establishing a company in the SAIF Free Zone is known for its prime location, offers an ideal business environment. SAIF Free Zone offers top-notch infrastructure designed to accommodate every business, providing the speed of service and simplicity of process needed to support various business needs.
Central location for global connectivity
Sharjah Airport International Free Zone (SAIF Zone) is next to Sharjah International Airport. It is only 20 minutes from Dubai International Airport. It is a versatile business destination ranging from single office space to huge manufacturing facilities. This prime spot offers access to over 2 billion people within a four-hour flight radius.
The largest cargo airport in the Middle East and Africa calls SAIF Zone home. Businesses benefit from excellent logistics and warehousing facilities, helping them reach global markets quickly. With this strategic location, companies can easily connect with customers worldwide.
Comprehensive infrastructure and facilities
Sharjah Free Zone company formation offers world-class facilities and modern infrastructure. Enjoy office space, plots of land, and storage units. Warehouse sizes range from 125 to 600 sq m with special rental rates. “SAIF Zone provides exceptional business setup packages,” says an industry expert.
The zone also includes labor accommodations. Businesses benefit from a simplified setup process and 24-hour licensing service. This makes SAIF Zone ideal for foreign investors seeking smooth operations in the Emirates.
Types of Business Licenses in Sharjah Free Zone
SAIF Zone offers various types of business licenses to meet different needs in the United Arab Emirates. Business or trading licenses can be obtained easily. SAIF zone business license is issued instantly on the day of application. Once issued, it supports activities such as trading, manufacturing, and services for businesses of all types.
Commercial License
A Commercial License in the Sharjah Airport International Free Zone (SAIF Zone) supports trading and logistics. It suits companies involved in the import and export activities of a large number of products. A commercial license which allows businesses to trade goods and also import of raw materials within the SAIF Zone, across the UAE, and internationally.
Companies can benefit from SAIF Zone’s strategic location for global connectivity. The license covers general trading, which includes a wide range of business activities. 100% foreign ownership and tax exemptions can be obtained under a commercial license, giving businesses a strong competitive edge.
Industrial License
An Industrial License in the Sharjah Airport International Free Zone (SAIF Zone) is best for manufacturing businesses. Companies in SAIF with this license get access to the country’s industrial activities and specialized industrial facilities in SAIF. These facilities include warehouses, custom-built factories, and state-of-the-art infrastructure.
This type of business license lets companies manufacture, assemble, and process goods within the free zone. The strategic benefits include easy customs registration and reduced service charges for industrial activities.
Service License
Switching from industrial licenses, service licenses cater to businesses offering professional services. Suitable for providers like consultants, IT firms, and marketing agencies. This license covers a wide range of service-based activities unless restricted by the Federal or local authorities.
The Service License in SAIF Zone includes many benefits. Businesses enjoy 100% foreign ownership and tax exemptions. Visa processing is smooth with PRO services available. Companies can use various office setup options to suit their needs.
E-Commerce License
An E-Commerce License in SAIF Zone is ideal for online businesses. It allows easy inventory management and smooth payment systems within the free zone. E-commerce license which allows a large number of online activities like selling finished products, digital marketing, and running platforms like Playstore or Appstore.
Setting up an e-commerce business here brings many benefits. Entrepreneurs enjoy 100% foreign ownership and zero taxes on profits. The zone provides a comprehensive infrastructure to support your business needs, including fast internet and secure data centers.
The Process of Company Setup in Sharjah Airport International Free Zone
Business setup in the Sharjah Airport International Free Zone is easy. Learn how to start your business here, from the first meeting to setting up an office. Read more!
Initial consultation
Start by assessing your business needs. Meet with authorized consultants like Aurion and Shuraa Business Setup for expert advice. Discuss the best business license packages that fit your goals.
Consultants will guide you through legal terms and paperwork. They help you choose the right trade license or investor visa. This step sets a strong foundation for smooth company formation in Sharjah Airport International Free Zone (SAIF Zone).
Documentation and legal formalities
The initial consultation sets the stage for your business setup. Next, you need to tackle documentation and legal formalities. Qualified professionals handle this step to ensure everything is correct. Prepare key documents such as the tenancy contract and memorandum of association. These papers must meet compliance standards in the Sharjah Airport International Free Zone (SAIF Zone).
Also, complete an audit report if required. Legal formalities will be checked by the team of professional experts to avoid any issues later on. You also need board resolutions if you have partners or shareholders involved. Proper documents speed up processes like visa applications and license approvals in free zones.
Visa processing
Visa processing starts after submitting your company documents. SAIF Zone offers visa and immigration assistance to help you. A Public Relations Officer (PRO) service speeds up the visa steps.
You need a valid passport, recent photos, and a filled application form. Visa approval usually takes 7-10 days. Once approved, you can start working in the emirate of Sharjah right away.
Office setup options
SAIF Zone offers flexible office space options to suit different business needs. Companies can choose from various spaces like flexi-desks, executive offices, and full floor plans. These spaces come with modern amenities and support services.
The facilities also include plots of land for large projects and warehouse facilities for storage. Businesses can pick the setup that best fits their operations. This flexibility helps companies scale up or down as needed, making it easier to manage costs while setting up business.
Benefits of Company Formation in SAIF
Setting up a business in SAIF Zone comes with many perks. The area offers most enticing business incentives, flexible options for business activities and financial benefits.
100% foreign ownership
Businesses in Sharjah Airport International Free Zone (SAIF Zone) enjoy 100% foreign ownership. This means that you do not need a local sponsor to conduct business. You have full control over your business operations.
This setup attracts many international entrepreneurs. They can make decisions freely without outside interference. This freedom is perfect for those looking to expand globally or start new ventures in the UAE.
Tax exemptions and repatriation benefits
Businesses in the Sharjah Airport International Free Zone enjoy tax exemptions. They benefit from 0% corporate tax rates. There are also no personal income taxes. These policies help companies save money.
Repatriation benefits include full profits and capital repatriation. This means that businesses can send all their earnings back to their home country without any restrictions or additional taxes. It provides flexibility and ease for company owners looking to invest in other areas or grow their business further.
Wide range of permitted business activities
Tax exemptions and repatriation benefits make SAIF Zone a great choice. The wide range of permitted business activities further adds to its appeal. SAIF Zone allows various types of businesses. You can engage in trading, logistics, manufacturing, e-commerce, media, healthcare, and more. This flexibility helps meet diverse needs and promotes growth.
Businesses can choose the best fit for their goals without much hassle. Business entities enjoy easy company formation with minimal restrictions on activities. This makes it possible for general trading licenses to cover many goods and services efficiently.
Ongoing Support and Services
SAIF Zone offers various services by guiding the whole way of company formation and ensuring professional support to help your business run smoothly, including PRO services and visa assistance.
PRO services
PRO services help with paperwork and company setup. They guide you through legal steps, making the process smooth. These services handle all documents, saving time and reducing errors.
They also support ongoing operations. This includes visa and immigration help, license renewal, and other legal needs. PRO services ensure compliance with rules such as anti-money laundering laws.
Visa and immigration assistance
Visa and immigration help is available for businesses in the Sharjah Airport Free Zone. Experts assist with visa processing for owners, employees, and family members. This support ensures smooth entry into the UAE.
Immigration services also cover renewals and other legal needs. Businesses can focus on growth while these experts handle all the paperwork. They also offer guidance on compliance to avoid any issues.
License renewal and operational support
Ongoing operational support in SAIF Zone includes help with visas and immigration. The zone also offers services for license renewals. They make the process easy and quick. Staff assist with all forms and steps needed to keep your business running.
Operational support is key for many businesses. This includes guidance on company liquidation if needed. Properly maintained licenses ensure smooth operations without interruptions, maximizing efficiency for all companies in the zone.
Conclusion
Business setup in Sharjah Airport International Free Zone offers many benefits. Enjoy 100% foreign ownership, tax exemptions, and top-notch services. The free zone’s strategic location boosts global connectivity. With Shuraa’s help, your business can thrive quickly and efficiently.
Why Choose Xpert Advisory?
Xpert Advisory is a leading team of business setup consultants, offering guidance for all types of businesses. The professional support after the business license is obtained guarantees the smooth operations of the business, while we navigate the zone rules and regulations. With a team of seasoned experts, we help you establish a solid company structure, offering support to ensure your business thrives from day one. Contact us for a seamless and efficient setup process.
