11 Reasons Why you should start a company in the Saif Zone

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.

  • License

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.

✉ info@businesslinkuae.com | 🌐 www.businesslinkuae.com | 📞+971 55 6070 118 | ☎ + 971 43 215 227

Complete Guide on Authorities Involve in Business Setup in Sharjah

Sharjah is an amazing place but business setup in Sharjah isn’t easy because there are a lot of things involved. Sharjah is one of the safest global cities considering the low crime rate. Over the years, the place has also received an economic boost.

Sharjah follows a very basic and fair judicial system offering a constant competitive lease structure and fees structure. Since there’s so much skilled workforce available in Sharjah, the multilingual and multicultural workforce is common as well. Anyone applying for a job in Sharjah can opt for uninterrupted provision of equipment and labor with the 24*7 Visa hotline.

The business set up in Sharjah follows a comprehensive guideline which is why you will need to choose it accordingly. The business sector in Sharjah is constantly growing thereby bringing about several opportunities for people. Since there’s an International airport nearby, you can easily opt for a business setup in Sharjah. The geographical location of Sharjah is one of the main reasons why so many investors are taking an interest in the place. The prominent investors are bringing interest and power to the business. Growing and incorporating a business in Sharjah is no longer a tough task.

Authorities Involve in Business Setup Sharjah

Sharjah Economic Development Department

The individual emirate of UAE follows a comprehensive independent government authority that provides licenses to different businesses according to the jurisdiction. The Sharjah Economic Development Department is a public author that offers constant legal aids to business owners thereby helping them get licensed to keep up with the business activities.

Immigration Department

The immigration department takes proper care of business owners and entrepreneurs. If you want to opt for company formation in Sharjah, you will need to clear all documents with the immigration department. The immigration department is responsible for providing stamps on the visa documents for the foreign business owners and recruits which can eventually play an important role in starting or operating the business.

Department of Economic Development, UAE

The Department of Economic Development is aiming to boost the economy in Sharjah. However, they mostly focus on different sectors like entrepreneurship development, retail development, and foreign investment. This department issues the trade licenses and would contribute to company formation in Sharjah.

The DED in Sharjah offers a wide range of licenses for different administrative offices and online e-portals accordingly. Some of the prominent licenses offered by the department include the following

  • Print License
  • Reserve Trade Name
  • Issuing Trade License
  • Manage License Contract
  • Issue Legal Contract
  • Issue Initial Approval
  • Update Mobile Number
  • Approve Legal Contract
  • Print Legal Contract
  • License Activities’ Terms and Conditions
  • Pay Inspection Fines

Ministry of Labor

The Ministry of Labor is responsible for hiring employees for setting up a company in Sharjah. It offers the benefit of the local workforce and ex-pat workforce. Businesses that are transferring to Sharjah, need to register their employees as per the Sharjah jurisdiction and get their employees and employers registered as per detail. The standard database of information needs to be maintained to boost the complete workforce across UAE.

Takeaway

The management consultant agencies would play a key role in setting up business in Sharjah. These consultant agencies help to lessen the gap for services for the clients. Reach out to prominent ones for the best benefits.

Sharjah Company Registration Process

  • Register the trade name and it should be unique
  • Get the approval for Commercial Lease
  • Get special permits from regulatory bodies
  • Apply for the business license
  • Approval for signboards, sales, and company or the promotion of its products
  • Get your labor card provided by the ministry of labor
  • To get your Immigration card

 

Benefits of setting up a business in Sharjah:

  • 0% Tax Exemption
  • No limits on the number of visas
  • No Auditing
  • Business Activity selection
  • Suitable location

 

Business Link UAE is your best assistance if you wish to set up your business in Sharjah. Get the mentioned benefits and more with our highly reasonable services. For more info, reach out to us

✉ info@businesslinkuae.com | 🌐 www.businesslinkuae.com | 📞+971 55 6070 118 | ☎ + 971 43 215 228