Sharjah Airport International Free Zone (SAIF) Company License

SAIF Zone Business Setup

Sharjah Airport International Free Zone (SAIF Zone) has emerged as a dynamic business hub in the United Arab Emirates (UAE), offering a strategic location, world-class infrastructure, and comprehensive business services.

Sharjah Airport Freezone benefits from its strategic location adjacent to Sharjah International Airport, one of the busiest cargo airports in the region. This proximity provides businesses with exceptional connectivity and logistics advantages. The freezone’s strategic location between Dubai and Sharjah enables easy access to global markets and trade routes, making it an ideal base for import-export activities. With efficient transportation networks and excellent connectivity to seaports and airports, business setup in SAIF Zone can expand their reach and serve customers worldwide.

Business-Friendly Policies and Incentives:

SAIF Zone Business Setup Offers a friendly environment supported by favourable policies and incentives. Businesses can benefit from 100% foreign ownership, allowing full control over their operations. Additionally, SAIF Zone License provides a range of financial and administrative incentives, including tax exemptions, streamlined licensing processes, and simplified company registration procedures. These incentives create a favourable business ecosystem, attracting entrepreneurs and investors from around the world.

SAIF Zone Business Setup

Initial Planning and Research:

Conduct through market research to identify the type of business you wish to establish in the SAIF Zone. Develop a solid business plan, considering factors such as target market, competition, and financial projections. This initial planning phase will help you make informed decisions and set realistic goals.

Legal Structure:

Choose the appropriate legal structure for your business in SAIF Zone. Options include a Freezone Establishment (FZE) for a single shareholder or a Freezone Company (FZC) for multiple shareholders. Evaluate the pros and cons of each structure based on factors such as ownership requirements, liability, and scope of operations.

Application and Licensing:

Submit the application form provided by SAIF Zone, along with the necessary documents. These documents may include a business plan, passport copies of shareholders and directors, and proof of initial capital. Pay the non-refundable application fee, which varies based on the type of license and legal structure.

Lease Agreement:

Select a suitable facility within SAIF Zone for your business operations. Choose from options such as offices, warehouses, or land plots. The lease agreement will specify the terms and conditions of tenancy, including rent, lease duration, and any additional fees.

Company Registration and Licensing:

Once the application is approved, you will need to complete the company registration process and obtain the required licenses. SAIF Zone offers several types of licenses, including commercial, industrial, and service licenses. The costs of licenses vary depending on the business activity and legal structure.

Visa Processing:

If you require residency visas for shareholders, directors, or employees, you will need to apply for the necessary visas. Submit the required documents, such as passport copies, photographs, and medical fitness certificates, to the relevant authorities. Visa fees and associated costs will apply.

Office Setup and Infrastructure:

Set up your office space within SAIF Zone as per your business requirements. The costs involved may include office furniture, IT infrastructure, telephone systems, internet connections, and other operational expenses. These costs will vary depending on the size and specifications of your office setup.

Bank Account and Capital Requirements:

Open a corporate bank account in a UAE bank of your choice. The bank may require an initial deposit, which will vary based on the bank and account type. Maintain the minimum balance as specified by the bank to avoid any penalties.

Miscellaneous Costs:

There may be additional costs involved, such as legal and consultancy fees, translation services, notarization fees, and any specific requirements based on your business activity. These costs may vary depending on the complexity of your business setup and the assistance required.

Annual Renewal and Maintenance:

After successful Business Setup in SAIF Zone, you will be required to renew your licenses and permits annually. Renewal fees will apply and should be budgeted for in advance. Additionally, budget for ongoing operational costs, including rent, utilities, employee salaries, marketing expenses, and other overheads.

SAIF Zone has established strategic partnerships with various international organizations, promoting trade and investment opportunities. The freezone actively participates in global trade exhibitions, networking events, and business forums, creating a platform for businesses to connect with potential partners, customers, and investors. Through these strategic partnerships and global networks, businesses in SAIF Zone can expand their reach, explore new markets, and foster international growth.

Talk To Our SAIF Free Zone Business Setup Experts