Introduction: Sharjah Airport International Free Zone (SAIF)
In the realm of business ventures, choosing the right location for setting up a company holds paramount importance. Among the array of free zones in the UAE, the Sharjah Airport International Free Zone (SAIF) stands out as a beacon of opportunity and growth for aspiring entrepreneurs and established businesses alike.
Read Article: List of all Free Zones in the UAE: A Gateway to Business Expansion
Understanding Sharjah Airport International Free Zone (SAIF)
Situated adjacent to the Sharjah International Airport, SAIF has garnered acclaim for its seamless processes and conducive environment for business setups. This ISO-certified Free Zone, established in 1996, has witnessed exponential growth, hosting diverse enterprises across industries.
Advantages of Choosing SAIF Free Zone
- Complete Ownership and Tax Benefits: SAIF Free Zone offers investors the advantage of complete ownership, repatriation of profits, and a tax-free environment.
- Versatile Business Facilities: From office spaces to manufacturing facilities, SAIF caters to diverse business needs at affordable rates.
- Facilitated Licensing: It boasts swift processing of licenses—be it for trade, industrial, or service activities—enabling a hassle-free setup.
- Visa Sponsorship and Low Operational Costs: Investors benefit from visa sponsorships for employees, budget-friendly accommodation, and access to low-cost energy and labour.
- Strategic Location: Its proximity to major ports and airports positions businesses for international connectivity and trade.
- Comprehensive Amenities: SAIF ensures a robust infrastructure, providing services like banking, logistics, legal support, and more within its premises.
Business Licenses in SAIF
SAIF offers various licenses tailored to business activities:
- Trading License: Enables import, export, warehousing, and distribution activities.
- Manufacturing License: Permits import of raw materials, manufacturing, assembly, and export of finished goods.
- Service License: Allows a spectrum of services specified in the license within the Free Zone.
Documents Required for SAIF Company Setup
- Passport copies, photographs, and details of the owner
- Company-related documents like Memorandum of Association, Articles of Association, and share certificates
- Additional documents may be required based on the business activity.
Cost Analysis of Setting Up in SAIF
The Sharjah Airport International Free Zone (SAIF) offers three distinct types of company formations:
- FZCO (Free Zone Company): This is an LLC established by multiple shareholders, including individuals and non-individual entities, such as companies.
- FZE (Free Zone Establishment): An LLC with a single shareholder, who can be an individual or a non-individual entity, like a company.
- Branch: Opened by a parent company, either foreign or UAE-based, within SAIF, retaining 100% ownership under the parent company’s name and activities.
SAIF currently presents some attractive offers:
- Trading or services license available at 10,800 AED.
- Licenses for general trading, aviation, e-commerce, or multiple activities at 21,000 AED.
These packages include eligibility for three resident visas and a small office as part of the package.
Read Article: The Economic Advantages of Free Zone Business Setup in Dubai
If opting for a larger facility, the expenses will comprise the license fee in addition to the office or warehouse rent. While these prices may rival the cost of establishing a Sharjah LLC company, mainland facilities typically tend to be more cost-effective than those in free zones.
Details regarding facility lease costs within SAIF are not disclosed and are available upon request. Visa fees and other immigration expenses are separate.
Read Article: Sharjah Free Zone Company Formation: Calculating Costs and Uncovering Value
The necessary documents and information required for incorporation in the Sharjah Airport Free Zone include:
- Passport
- Passport-size photo
- Residential address, phone number, and email of the owner
Upon company registration, SAIF issues various documents such as:
- Certificate of Incorporation
- License
- Memorandum and Articles of Association
- Investment Service Agreement
- Share Certificate
- Lease Agreement
Business setup consultants in Sharjah or Dubai can facilitate the company registration process in this free zone.
Read Article: Top 25 Business Ideas in Dubai for 2023: Your Roadmap to Success
How Alfazone Facilitates SAIF Company Setup
Alfazone specializes in navigating the intricate process of setting up companies in SAIF. With a proven track record, they ensure a seamless journey, assisting in documentation, license procurement, office space selection, and more.
Conclusion
In essence, SAIF Free Zone emerges as a thriving ecosystem for businesses, fostering growth, connectivity, and operational ease. Its strategic advantages coupled with Alfazone’s expertise make it an optimal destination for entrepreneurs envisioning success in the UAE’s dynamic market landscape.
