SAIF Free Zone Company Setup
Sharjah Airport International Zone
Sharjah Airport International Zone is commonly known as SAIF zone which allows the establishment of the business with legal ownership within the vicinity of Sharjah Airport. The zone is known for the availability of numerous business activities in the region. The zone therefore provides opportunities to set up business in Sharjah or in other words business setup in Dubai because it is located near Dubai and one can reach there without any hassle. Investors who are looking for the company formation in the UAE consider the SAIF zone as the best place because it allows a good opportunity for the investment purposes. The zone is the regional business hub because it is located in the center of 2 billion population which means one can access 2 billion population within 4 hours flight maximum.
Benefits of Saif Zone
- 100% foreign ownership of the business.
- 0% Personal and corporate tax.
- Warehouse, storage and container parking available.
- A huge range of business activities available.
- Repatriation of capital and funds available.
- 100% free transfer of funds available.
- Offices, industrial park and land on lease available.
Documents Required For The Business Setup in Saif Free Zone
- Passport
- Memorandum and article of association
- Proof of Residence
- Company name registration certificate
Types of the Companies in SAIF Zone
Commercial License
A commercial license is required for registering the business in the general trading. This license allows the import, export and reexport of items and goods. It also allows the storage and warehousing of the items.
General Trading License
It allows the trading license of the general category which further means that the trader gets the permission of the trading of goods in the larger number.
Services License
The services license allows the holder to carry out the services specified in the license and services are restricted which are not allowed by the federal public.
Industrial License
It allows the import of the raw material, processing, manufacturing and assembling of the products. It also allows the packaging and exporting of the products.
Process of Company Incorporation in Sharjah International Zone
- Choose a minimum of three company names.
- Pay the fees.
- Documents for directors, managers, secretaries, shareholders (if any) and attorneys.
- Documents for company registration.
- Submit the application.