Sharjah Airport International Free Zone (SAIF Zone)
The Sharjah Airport International Free Zone (SAIF-Zone) was set up in 1995 and is the premier business destination of the UAE. Situated in the Emirate of Sharjah, the industrial powerhouse of the UAE, the SAIF-Zone has over 4,500 companies from 91 countries. Company formation in SAIF Zone is a preferred choice among foreign investors due to the enormous business benefits offered by the Free Zone.
Foreign investors choose Company Formation in SAIF Zone as it provides a wide range of business license types and business activities. The company formation process in SAIF Zone is straightforward and cost-effective when compared to few other Free Zones in Dubai. The cost effective business license packages and top-class business infrastructure drives more investors to the Free Zone. Also, the Free Zones strategic location adjacent to the Sharjah International Airport makes it a popular trade hub of UAE.
SAIF Zone is a perfect choice for starting a business in any category. The Free Zone offers exceptional business support infrastructure and faster processing of Company License and Investor Visa. For any type of business activity in the consultancy, commercial and industrial sectors, the free zone provides business license, office spaces, warehouse facilities, and advanced business amenities. Global Investors can easily set up their base in SAIF Zone at a lower cost and gain sure business results.
Company Formation in SAIF Zone
Sharjah is emerging as a perfect choice for Company Formation and a major economic hub of UAE. There are broadly two options for Company Formation - The Mainland and Free Zone. Company Formation in SAIF Zone is one of the most sought after by global investors as it offers a host of affordable and cost-effective packages for easily setting up a business in the region.
The strategic location, availability of a good transport link and a wide range of opportunities is making Company Formation in Sharjah Free Zone an attractive choice for the investors. An investor can choose from a wide range of Company Setup Packages based on their business requirements and budget.
The Free Zones of Sharjah is playing a vital role in supporting the economic growth of the UAE. It has driven significant foreign investment in the form of new company formations in the UAE.
What are the steps in Company Formation in Sharjah Freezone?
Company Formation in Sharjah Freezone is a seamless process with well-structured steps to follow to obtain your company registration documents.
- Submit the Company Formation Application to the Department of Economic Development, Sharjah or the Specific Free Zone
- Prepare the Company's Memorandum of Association, shareholder’s resolution, Local Service Agent Agreement (For Mainland)
- Submit the required supporting documents and pay the license fees to the Authorities
- Obtain the Trade License from the Concerned Authorities
- Apply for the Company's Establishment Card with the Ministry of Labour
- Apply for the Resident Visa and Employee Visas subsequently
- Open Corporate Bank Account and apply for other clearances such as Customs Registration
AURION Business Consultants is registered with SAIF Zone (Sharjah Airport International Freezone), and its headquarters is located within the Free Zone. Investors consider Sharjah as a hub of Middle East and precisely due to this, hundreds of thousands of companies are being set up in a short span of time. Covering a wide cross section of industry, companies include some of the biggest names in the field of IT services, media, consumer durables, light to medium manufacturing and a host of other companies.
FACILITIES & INCENTIVES in SAIF Zone
There are distinct advantages of doing business in Sharjah and the SAIF-Zone. With a trading history dating back to the early 18th century, Sharjah today accounts for more than 40% of all industrial activity in the UAE.
The Sharjah Ports and Free Zone, Sharjah Chamber of Commerce and the Government of Sharjah are extremely pro-active and business savvy entities geared to provide all assistance to potential businessmen. The cost of setting up a business in Sharjah is less than in any other emirate of the UAE, and the focus on industrialisation has in recent years turned Sharjah into a commercial centre registering an impressive annual growth rate of 12%.
In addition to tax-free operation and an absence of red-tape, the SAIF-Zone offers unbeatable trade incentives and unparalleled benefits to investors:
- 100% foreign ownership
- 100% repatriation of capital and profits
- 100% exemption from income and corporate taxes
- License issued within 24 hours
- On site labor accommodation
- Sponsorship and visa's for all staff
- Access to over 2 billion customers Strategic location
- 24 hour hotline for equipment and provision of labour
- Global and regional communications with excellent air, land and sea links
- Simplified procedures
- Back up services provided by the Sharjah Chamber of Commerce and Industry and the Sharjah Expo
- Competitive structure of fee, property and management
- 24 X 7 Operations.
The Free Zone offers a host of facilities and incentives for the investors to easily start their business establishment in the region. The huge warehouses, in-house customs department, logistics partner support, 24/7 power availability, No restriction on hiring of 100% expatriate workers etc., makes the Free Zone is an ideal choice for business owners from all over the world.
The facilities offered by the Free Zone are top-class and it is one of the main factors driving the company formation in SAIF Zone. Ranging from shared workspace to fully customized offices, it has everything for the investor’s requirement. Also, the large warehouse spaces that are customizable to specific client requirements are other add-ons for the investors to choose SAIF Zone.
LATEST SAIF ZONE COMPANY REGISTRATION COST
Company Formation in SAIF Zone is an easy and quick process with cost-effective business license packages for investors. There is a host of business license packages with and without office spaces. Investors can choose from a wide range of business license packages based on their specific requirements.
Following is the list of Business License Packages to set up your business at the Sharjah Aiport International Freezone.
SAIF OFFICE LICENSE PACKAGE
| Facility Type | Fee after discount | Actual fee | Visa Quota | Special Package Includes |
|---|---|---|---|---|
| SAIF Office (Trading / Services License) | AED 10,800 * | AED 13,660 | 3 visas | Shared Desk, Utility Charges, Signboard |
| SAIF Office (Gneral Trading License) | - | AED 21,160 | 3 visas | Shared Desk, Utility Charges, Signboard |
* Discount applicable for first year only.
SAIF SUITE LICENSE PACKAGE
| Facility Type | Fee after discount | Actual fee | Visa Quota | Special Package Includes |
|---|---|---|---|---|
| Suite Office (Trading / Services License) | AED 28,650 * | AED 36,160 | 8 visas | Dedicated Fully Furnished Office, Utility Charges, Signboard |
| Suite Office (Gneral Trading License) | AED 28,650 * | AED 43,660 | 8 visas | Dedicated Fully Furnished Office, Utility Charges, Signboard |
* Discount applicable for first year only.
Note: Special offer price is valid for 1 license (any license type), inclusive of VAT. In case of multiple licenses, license with the lowest fee will be waived off.
** Visa and PO Box charges are not included. PO Box charge approx. AED 1000 per year.
*** 5% VAT will be applicable on service charges
Time span required to set up Company is 2 working days. AURION will assist you in setting up a New Company with Office & Visas. We provide entire assistance in the documentation of setting up a Branch / 100% Subsidiary of Foreign Company.
GOLD, DIAMOND & COMMODITIES PARK
| Package Details | Fee in AED | Fee in USD |
|---|---|---|
| Lease rental for the SAIF Suite | 20,000 | 5,478 |
| Miscellaneous charges | Nil | Nil |
| License Fee i.e. Service/Commercial License (annually) | 10,000 | 2,740 |
| Refundable Lease Deposit (One time) | nil | nil |
Total** |
30,000 |
8,218 |
*** 5% VAT will be applicable on service charges
SAIF ZONE WAREHOUSES
Freezone provides Warehouses of different sizes like 125 sq m, 250 sq m, 400 & 600 sq m. If larger Warehouses are required, it can be obtained by clubbing Warehouses together. As part of promotion going on, annual rent of warehouses has been considerably lowered to suit Client's purse. All warehouses have built in Offices/ Pantry/ Toilets etc. Warehouse rent starts from AED 60,000 per annum onwards. The warehouses are alloted subject to availability.
Latest Warehouse Rent in SAIF Zone
| Warehouse | Standard Rate | Special Rate* | Utility Deposit (Refundable) |
|---|---|---|---|
| 125 SQM | 60,000 | 48,000 | 3,000 |
| 250 SQM | 110,000 | 88,000 | 5,000 |
| 400 SQM | 160,000 | 128,000 | 7,000 |
| 600 SQM | 205,000 | 164,000 | 10,000 |
Additional Fees:
50% waiver on Company Registration Charge (FZC/FZE – AED 5000, Branch – AED 2,500)
Service Charges: AED 6,300; Refundable Lease Deposit (First Year Only): AED 5,000
SAIF ZONE LICENSE RENEWAL / LIQUIDATION
AURION will assist you in Audit Report preparation, hassle free and cost effective license renewal / company liquidation solution, Visa Renewal and all other PRO Services. SAIF Zone License Renewal is a straight-forward process that can be completed in a few steps.
AURION will assist in the Trade License Renewal process by:
- Preparing the Trade License Renewal application form provided by SAIF-Zone
- Prepare the tenancy contract for office space renewal
- Make the required payment for the renewal of trade license and office space,
- Submit the required documents to the SAIF Zone for review and approval, and Coordinate the trade license renewal process in SAIF Zone.
- Obtain the renewed Trade License and deliver it to the investor.
After every year of company operation, it is mandatory to renew the trade license by paying the required fee for the license and renewing the tenancy contract. Failure to renew the contract will result in fines or license cancellation subsequently. AURION being the REGISTERED AGENT of SAIF Zone, the company renewal and all related services will be handled by our expert PRO Agent.
REQUIREMENTS FOR TERMINATION OF COMPANY IN SAIF ZONE
- Application for Company Closure & Board Resolution (We will prepare Company Termination Application Form & Board Resolution)
- SAIF Zone Company Closing down charges: (Late Liquidation Fee: AED 5000 is applicable if 3 months notice is not given, Publication notice fee : AED 500 and Immigration Card & Visa Cancellation fee if applicable.)
- Clearances from Post Office, SAIF Zone Facilities, SAIF Zone Visa Department & SAIF Zone Customs
- Liquidation certificate from Auditor
- Office keys must be handed over
- All Original Company Documents
Read more about Company Liquidation in SAIF Zone »
