SAIF Zone, the first Airport Free Zone in the Middle East, was founded in 1995 and is ideally situated to promote smooth business operations. Focused on facilitating simple access to cargo ports, airports, and warehouses, SAIF Zone has emerged as a key component for companies looking for a dynamic and effective ecosystem. The carefully thought-out infrastructure meets the various demands of companies, enabling them to prosper and grow. Due to its close proximity to two cargo airports and five container ports, SAIF Zone improves logistics and provides business owners with unmatched convenience and connectivity.
With its convenient location near major transportation hubs, adaptable office spaces, and dedication to promoting global trade, SAIF Zone creates an environment that encourages businesses to grow, innovate, and accomplish extraordinary success right in the middle of Sharjah.
Unique Features of SAIF Zone
- SAIF Zone offers a duty-free environment, exempting businesses from import and export duties, contributing to cost-effectiveness for companies engaged in international trade.
- The free zone provides modern and well-equipped infrastructure, including office spaces, warehouses, and facilities tailored to the specific needs of businesses.
- SAIF Zone’s proximity to both Sharjah International Airport and major seaports facilitates seamless logistics and transportation for businesses involved in trade and export.
- The free zone is known for its streamlined and efficient company set-up procedures, enabling businesses to establish their presence swiftly.
Types of licenses available in SAIF Zone
SAIF Zone offers three types of licenses:
- Trade License
- Service License
- Industrial License
Benefits of setting up a business in SAIF Zone
- 0% corporate tax on Qualifying Income
- 100% foreign ownership
- No currency restrictions
- Strategic location
- World-class infrastructure and facilities
- Access to a network of business support services
- Excellent sea, land, and air transport link, regionally and globally
- Global connectivity via Sharjah International Airport
- A well-built and resource-rich strategic location
The process of setting up a company in SAIF Zone mainly includes:
- Choose the type of license
- Choose your type of facility
- Choose a company name and structure
- Obtain initial approval
- Obtain commercial registration (CR)
- Open a corporate bank account
- Comply with tax regulations
The documents required for company formation in SAIF Zone include but not limited to:
- Application form
- Passport copies and passport-size photo of all shareholders, directors, and authorised signatories
- UAE Residence Visa or Emirates ID Copies (if the shareholder is a UAE resident)
- Residential address, phone number, and e-mail of the owner
- Memorandum of Association (MOA)
- Articles of Association (AOA)
- Certificate of registration/incorporation
- Board resolution to open a branch in SAIF Zone
- Bank statement of the last three months
The permitted legal entities in SAIF Zone are:
- Free Zone Establishment (FZE)
- Free Zone Company (FZC)
- Branch of a company
- Branch of a foreign company
SAIF Zone offers a number of benefits to businesses, including:
- 0% corporate tax on Qualifying Income
- 100% foreign ownership
- No currency restrictions
- Access to a network of business support services
- Freedom of repatriation of both capital and profits
- One of the world’s most sustainable living and working business clusters
- Highly cost-effective licensing and office space
SAIF Zone offers three types of licenses:
- Trade License
- Service License
- Industrial License
The costs of setting up a company in SAIF Zone will vary depending on the type of license you require and the complexity of your business operations. Contact Gatestone Group for more information via [email protected] or call +971 4 450 1023.
No, you do not need a local partner to set up a company in SAIF Zone. Foreign investors are allowed to own 100% of their businesses in the free zone. For seamless company formation and expert guidance in SAIF Zone, reach out to Gatestone Group today via [email protected] or call +971 4 450 1023.
The process of setting up a company in SAIF Zone can take an average of 2-3 weeks. Empower your business success in SAIF Zone with Gatestone Group’s expertise and unwavering support via [email protected] or call +971 4 450 1023.
SAIF Zone has several regulations that businesses must comply with. These regulations cover areas such as AML Compliance, UBO, and ESR. Unleash the potential of your business in SAIF Zone with Gatestone Group’s comprehensive company formation and post-incorporation services via [email protected] or call +971 4 450 1023.
The penalties for non-compliance with SAIF Zone regulations can be severe, including fines and imprisonment. To ensure your company is compliant with SAIF Zone regulations, contact the legal advisors at Gatestone Group via [email protected] or call +971 4 450 1023.
If you are establishing an FZE or an FZC, the minimum capital requirement is AED 150,000/- or US $ 41,000, but there is no minimum capital required if you are setting up a branch of a foreign/local company. Contact Gatestone Group for more information via [email protected] or call +971 4 450 1023.