Sharjah Airport International Free Zone is also referred to as the SAIF Zone. This is one of the most prominent free zones of the UAE and is situated just close to the Sharjah international Airport. One of the main reasons why so many entrepreneurs are setting up business here is the wide range of opportunities the place has to offer.
Moreover, SAIF zone is also known as the place of efficient operations. It allows different businesses to function around the world easily. Around 2 billion consumers from the North African and Middle Eastern regions have already set up their business here. So, why should you stay behind? The strategic location of the Sharjah Airport International Free Zone has been attracting businesses and foreign entrepreneurs for a long time.
The place is the driving force for businesses thereby supporting various operational and production activities. Furthermore, with so many prestigious organizations already being business setup in uae free zone, you should consider the investment.
History of the Saif Zone
The SAIF zone was set up in the UAE to promote various types of business activities. Sharjah is one of the fastest zones and you can register all your companies here. It is extremely efficient to set up business in this free zone because it allows hassle-free working. The place also houses various top-quality facilities and air conditioned areas. Moreover, the place has various air-conditioned and furnished executive spaces, warehouses and all of them are situated close to the free zone. The place also promotes unrestricted private development, temporary storage space, container parking area and all the facilities.
If you want to set up a business in the SAIF zone, Business Link UAE is always at your disposal. Some of the exclusive facilities at the free zone include packaging, assembling, re-export, trade, manufacturing and so much more. No matter where you want to set up your business in the SAIF zone, Business Link UAE will help to meet all your document requirements. We are professional business setup consultants thereby allowing you to set up your business in the SAIF zone at a minimal cost.
Why start a company in the Saif zone?
Foreign investors are often confused about choosing locations. UAE is the hub for free zones, thereby promoting 100% ownership to the investors. The foreign investors can further enjoy a wide range of opportunities in the SAIF Zone as compared to the other zones. Some of the common benefits of Sharjah Free Zone Company Setup include the following
- 100% ownership for foreign investors without any limitation on currency.
- Freedom to choose a location for business regulation along with office spaces and warehouses.
- Business Link UAE will help you get your convenient business license within 1-2 working business days.
- 100% exemption from the export and import taxes.
- Transfer of funds of currency without the involvement of any hidden charges.
- Stay globally connected as the Sharjah International Airport is located nearby.
- The service facilities are available 24*7 to carry out various business operations.
- Air-sea transfer of goods may be done within 6-8 hours thereby ensuring faster transport.
- Strategic location thereby allowing businesses to regulate easily.
- Foreign investors can hire foreign workers. Like most of the free zones in the UAE, there are no restrictions on hiring in the Sharjah Airport International Free Zone too.
- The leasing facility is available for 25 years. Furthermore, depending on the requirement, the lease can be extended for another 25 years.
What are the different types of SAIF Zone licenses?
Foreign investors looking forward to setting up business in the SAIF Zone need to understand the type of license. Different business activities require different licenses. Business Link UAE can further help in acquiring the accurate business license depending on your needs.
This license is for regulating all the commercial activities. Before choosing the license, you need to analyze the import-export, consolidation, distribution and all minor aspects to get the warehouse license. With the help of a commercial license, you will be able to regulate business around 3 similar products.
- Service License
This is one of the most important licenses for businesses that offer various kinds of services. This type of license holder can offer all services until and unless they are restricted by the government.
- General Trading license
If your business is involved in trading, you will need a general trading license. The general trading license works in the similar manner as a commercial license. However, the only difference is that with a general trading license, the business can offer regulation across more product lines.
With the help of industrial license, the business holder gets the approval to import raw materials from different nations. Furthermore, they also get the opportunity to boost sales for their finished products.
Cost of the license
Foreign investors looking for opportunities to set up business in SAIF Zone can easily apply for the license with Business Link UAE. We can help you get in touch with the authorities to provide accurate results. However, it is necessary to note that every business is different and they function differently. Thus, the cost of license for setting up business in the SAIF zone will vary too.
If you are new to business setup in the Sharjah Airport International Free Zone, you need to get help from experts. Although setting up business here is pretty easy, it is crucial to clear all documents. Minor flaws and faults in the documentation can lead to ban for a long time. This is mostly because laws for business setup in Sharjah Airport International Free Zone are very strict.
How to set up a company in the SAIF Zone?
If you want to set up a company in the SAIF Zone, you need to meet all the regulations. It is extremely necessary to comply with the rules. The process for business formation in the SAIF zone include the following
- Document Submission
This is the first and most crucial step for business formation. It is extremely necessary to clear your documents after submission from respective authorities.
- Choose a Business Name
There are certain criteria businesses need to meet while choosing a business name in the UAE. When you want to set up business in the SAIF zone, you need to be extremely careful while choosing a name.
A business with the same name as the existing company cannot function in SAIF zone. Furthermore, if the business name tends to offend any culture or religion, it will never be approved by the authorities.
Selecting the license is also very important. The licensing authority will provide you with a license only if your documents are clear. The licensing procedure often takes 24 hours.
- Client and Investor Service Department
Businesses need to collect their working visa from the staff and workers. This helps to complete the immigration procedure.
License Renewal in SAIF Zone
If you want to renew your business in the SAIF Zone, you need to submit the following documents
- Audit Report
- License Renewal Fee
- O. Box Renewal Receipt
- Original Trade License
- Authorization Letter for collection of renewed license
Company Types in the SAIF Zone
SAIF Zone allows the establishment of different company types. It is necessary to analyze the various business entities before setting up any one of them. Some of the common company types to set up in the SAIF zone include the following
- Free Zone Establishment (FZE)
This type of establishment has only one shareholder. The one shareholder can either be a company or an individual. This type of company setup requires a minimum capital which will further depend on the type of company you’re setting up.
- Branch Office
If your business already exists in the respective foreign country, you can set up a branch office in the SAIF zone. However, there will be no shared capital requirement. It is crucial to understand the criteria for setting up such a type of company.
- Free Zone Company (FZCO)
This type of company set up requires two to five shareholders, that can either be individuals or companies or both. Similar to the FZE, the minimal capital of FZCO will depend on the business activity you’re conducting.
Closing Company in SAIF Zone
If you want to close a company in the SAIF Zone, you need to submit the necessary documents at Board Resolution. While Business Link UAE can help you with company set up, we can also help you with liquidating the company. Apart from the resolution document, you also need to submit the essential, original documents.
If any of the original documents are lost, the client also has to submit the lost record certificate from the Police station. The company will get clearance only when they submit all the documents. Moreover, the visa will require cancellation too. The complete liquidation process will take around 15 to 20 days. It is only after completing the process, that the business owners will be eligible for refund.
Why Business Link UAE?
Business Link UAE has been in business since a long time. Over the years, we have been catering to the needs of several businesses. If you want a cost-effective solution in the SAIF zone, we can help you with real-time company setup at an affordable cost.
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