Established in 1995, the Sharjah Airport International Free Zone (SAIF-Zone) stands as the UAE’s premier business hub. With over 4,500 companies from 91 nations, SAIF-Zone in Sharjah, the industrial heart of the UAE, entices foreign investors with its array of business benefits.
SAIF Zone’s appeal lies in its diverse business license types and activities, alongside its straightforward and cost-effective company formation process. Situated adjacent to Sharjah International Airport, its strategic location enhances its status as a pivotal trade center in the UAE.
SAIF Zone offers unparalleled support infrastructure and expeditious processing for company licenses and investor visas, making it ideal for businesses across various sectors. From consultancy to commercial and industrial ventures, the Free Zone provides comprehensive business solutions, including office spaces, warehouse facilities, and modern amenities. Global investors find SAIF Zone an attractive destination for establishing their businesses, ensuring promising outcomes at a reduced cost.
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Company Formation in SAIF Zone
Sharjah is rapidly becoming a prime destination for company formation, emerging as a key economic center in the UAE. With two primary options available – Mainland and Free Zone – investors are increasingly drawn to Company Formation in SAIF Zone due to its affordable packages and ease of setup.
The strategic location, excellent transportation links, and abundant opportunities make SAIF Zone an enticing choice for investors. With a variety of company setup packages catering to diverse business needs and budgets, investors have ample flexibility.
Sharjah’s Free Zones play a pivotal role in bolstering the UAE’s economic growth, attracting significant foreign investment through new company formations.
Steps in Company Formation in Sharjah Free Zone
- Submit the Company Formation Application to the Department of Economic Development, Sharjah or the Specific Free Zone.
- Prepare the Company’s Memorandum of Association, shareholder’s resolution, and Local Service Agent Agreement (For Mainland).
- Submit the required supporting documents and pay the license fees to the Authorities.
- Obtain the Trade License from the Concerned Authorities.
- Apply for the Company’s Establishment Card with the Ministry of Labour.
- Apply for the Resident Visa and Employee Visas subsequently.
- Open a Corporate Bank Account and apply for other clearances such as Customs Registration.
Company Setup Consultants, based in SAIF Zone (Sharjah Airport International Freezone), offers comprehensive support for company formation. Sharjah’s strategic location in the Middle East attracts numerous companies across various industries, including IT services, media, consumer durables, and manufacturing.
Advantages of Doing Business in SAIF Zone
- Complete Foreign Ownership: Enjoy full control of your business with 100% foreign ownership.
- Repatriation of Capital and Profits: Benefit from the freedom to repatriate 100% of your capital and profits.
- Tax Exemptions: Avail yourself of 100% exemption from income and corporate taxes, enhancing profitability.
- Rapid License Issuance: Obtain your business license within 24 hours, ensuring swift setup.
- On-Site Labor Accommodation: Provide convenient on-site accommodation for your workforce.
- Visa Sponsorship: Obtain sponsorship and visas for all staff members.
- Access to Vast Customer Base: Tap into a market of over 2 billion customers with strategic location.
- Continuous Support: Access a 24-hour hotline for equipment and labor provision.
- Excellent Connectivity: Benefit from global and regional communications via exceptional air, land, and sea links.
- Streamlined Procedures: Enjoy simplified procedures for business operations.
- Back-Up Services: Access back-up services from the Sharjah Chamber of Commerce and Industry and the Sharjah Expo.
- Competitive Structure: Benefit from a competitive fee, property, and management structure.
- Round-the-Clock Operations: Conduct business seamlessly with 24/7 operations.
Saif Zone Company Registration Cost
The cost of registering a company in SAIF Zone (Sharjah Airport International Free Zone) can vary depending on several factors, including the type of business activity, the size of the company, and any additional services required. Generally, the registration cost includes fees for company setup, license issuance, visa processing, and other administrative charges.
For a more accurate estimate of the registration cost, it’s recommended to directly contact SAIF Zone authorities or consult with a registered business setup consultant who can provide detailed information based on your specific requirements.