Authorities are always investing in developing the infrastructure and introducing innovative services that meet the growing and ever-changing needs of investors who operate businesses in the SAIF free zone.
a. SAIF free zone offers 100% foreign ownership of your business
b. 100% repatriation of capital and profits
c. 100% corporate or personal income tax exemptions
d. 100% import and export tax exemptions
In the free zone you are provided with:
a. 24-hour services
b. Licensing in a day
c. Immediately available manpower, equipment, shipment and customs clearance, security and emergency services and accommodation for labor within the zone
The zone also provides important services to business setup In Dubai like legal and courier services, customs clearance, banking and medical services as well as transportation to the city. These are absolutely essential to a business’ success. Container storage area and warehouses make the free zone a conducive environment for manufacturing, assembly, packaging, import and re-export service.
Sharjah Airport International Free Zone (SAIF Zone)
Sharjah Airport International Free Zone is the world’s first free zone that has obtained ISO certification. It was established in 1995 with 55 companies, adjacent to the Sharjah International Airport, thereby providing access to more and more trade facilities for companies and businesses. It is also for this reason that the free zone became popular. The free zone is home to 6500 companies today and provides them with a variety of services that has led to the businesses becoming efficient and successful.
The facilities that it provides to startups and ventures are what attracted entrepreneurs and investors.
a. From a single office space to manufacturing and warehousing facilities, the free zone has all types of business spaces depending on your need.
b. The free zone also provides you all these facilities without you having to pay taxes.
Types of business you can operate in the free zone
a. Free Zone Establishment (FZE)
A single person can establish a free zone establishment in the free zone. The minimum capital requirement is AED 150,000 for establishment of your business.
b. Free Zone Company (FZC)
A free zone company requires a minimum of two people for the company to operate. The maximum number of shareholders is 5 and can be extended to 7, if approved by the free zone authority. The minimum capital requirement for a free zone company is AED 150,000.
c. Foreign company branch
Any company that is headquarter in a foreign country can establish its branch office in the free zone. Name of the branch company will be the same as the parent company.
d. UAE company branch
A company incorporated or established in the UAE has the ability to extend its branch in the free zone.
SAIF Zone Fees and Registration Process
Company registration in the free zone takes place by both licensing and leasing. The registration process involves three important steps:
a. Submit the required documents and a basic framework of your business setup In Dubai to the marketing and sales department of the free zone.
b. Receive the approval letter, lease amount needs to be paid and the agreement needs to be signed.
c. Collection of business license, the lease agreement and keys for the facilities.
Firms like Business Consultants Dubai can help you establish a company in the SAIF free zone and provide you information on SAIF zone showcases services.
Apart from providing you with information on these SAIF zone showcases services, the consultancy will help you with business registration and company formation among other things. The consultancy can also provide you support services that make your job simpler. These include product and trademark registration, visa services and pro services.
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