Saif Zone Company Formation -Eligibility, Requirements, Setup & License Cost
Sharjah Airport International Free Zone (SAIF Zone) was established in 1995. Since then, it has become one of the United Arab Emirates’ business centers. Its strategic location, being situated beside the International Airport of Sharjah, makes it advantageous in terms of easy access on air.
Sharjah serves to be one of the biggest parts of the industrial activity of the United Arab Emirates (UAE). It aims to maintain its versatility. All kinds of businesses from various sectors will feel right at home as Sharjah Airport International Free Zone (SAIF Zone) ensures that every single company is accommodated just the way they want to be and more. The facilities they provide have the highest quality yet they are set at affordable prices, such as their warehouses, storage areas, container parking, bunkers, etc.
Just some of the incentives that Sharjah free zone offers a speed of service and simplicity of the process. Businessmen who would like to conduct a business setup in SAIF Zone has five licensing options to choose from, and they are as follows: Trade License, Commercial License, General Trading, Service License, and Industrial License. The Sharjah Airport International Free Zone (SAIF Zone) companies enjoy the structured facilities that are offered to them such as an industrial park, land on lease, pre-built warehouse, temporary warehouse, etc. Because of this, SAIF Zone company formation has been notable for many years since SAIF Zone Sharjah has many benefits in its sleeves that they offer to clients.
Sharjah Free Zone company formation, like any other free zones, has its own systematic procedures for processing documents. Once you decide that you want to carry out SAIF Zone company formation, it is advisable to look for a consultancy company. Most, if not all, of the Sharjah Airport International Free Zone (SAIF Zone) companies were helped by consultants. These people are willing to provide you with the needed information before you dive into Sharjah Free Zone company formation. By informing you about the Sharjah business license fees or the SAIF Zone license cost, it can prepare you with regard to your budget in this Sharjah Free Zone company setup that you are planning to conduct.
It is beneficial for your side if you are well informed all about the SAIF Zone Sharjah, such as SAIF Zone labour law so that you know how to handle your employees lawfully and especially the SAIF Zone rules and regulations. An additional benefit that you gain in having a consultant is that you can pose Sharjah trade license inquiry and all the things that you think you need to know about it. And, of course, it is a big advantage that they will be the one to go to the concerned departments with regard to your Sharjah Free Zone business setup. They will submit and obtain papers to Sharjah Economic Department and others if needed. Forming a company is fairly easy and hassle free when you pick the right people for your team to go through the needed procedures.
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Following industries you can setup in Sharjah Airport International Free Zone
We covers all the following industries, even if your industry not in list you can consult with us we can help you setup.
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Benefits of Business Setup in SAIF Zone
Sharjah Airport International Free Zone (SAIF Zone) has been operating for more than two decades now. Investors are still coming to conduct Sharjah freezone business setup because of its advantages that duly meet the needs of the business owners and what they’re looking for in a location.
Some of the advantages are listed below that investors see, giving them the reason to choose SAIF Zone as the place to build their company.
- 100% foreign ownership
- 100% exemption from corporate and personal income taxes
- Freedom of repatriation of both capital and profits
- One of the world’s most sustainable living and working business clusters
- Highly cost-effective licensing and office space
- 100% free transfer of funds
- Launching point into local, regional and international markets
- Critical mass of sector knowledge and talent
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Business Setup in Saif Zone Requirements & Procedure
Documents Required for Company Formation in Sharjah Airport International Free Zone (SAIF Zone):
Basic requirements for SAIF Zone business setup:
- Issued certificate for the reservation of company’s trade name
- Initial Approval from SAIF Zone Authority
- Passport of each stakeholder (copy)
- Appointed manager’s CV/resume and passport (copies)
- Rental agreement for office/warehouse
- Information sheet of appointed general manager and stakeholders
- POA (attested and notarized) for company’s legal representative
For a Company Branch or Limited Liability Company in SAIF Zone, the following documents must also be furnished:
- Memorandum of Association (notarized and attested)
- Company registration certificate (only if applicable)
- Board resolution for SAIF Zone business setup
The procedure of processing your business setup in SAIF Zone will range from 2 to 4 weeks.
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Support Services Offered in SAIF Zone
FAR Consulting Middle East is one of the leading Sharjah business setup consultants that offer quality business setup services in Sharjah. We will ensure that you have all your questions answered, such as business setup cost in Sharjah and any follow-up questions you have about your Sharjah trade license inquiry.
Our solutions for SAIF Zone business setup include:
- Company registration processing
- Ministry of Labor business account opening
- Account opening with UAE Ministry of Interior
- Establishing of business address
- Company formation requirements processing
If you have inquiries regarding the process of SAIF Zone business setup, call us.
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Sharjah Free Zone License Cost
The SAIF Zone is known for its location and flexibility to incorporate various business activities while encouraging diverse cultures. Farahat & Co has a team of professional business setup consultants that can assist in company formation in the said free zone. The fee table below explains the estimated cost for SAIF zone company formation. Contact us for more information on SAIF Free Zone License Fees.
Cost for Business setup in Cost in Fees of SAIF Free Zone Company Setup Costs
Business Registration and Licensing Cost Fees Registration Fee – FZE/FZC AED 10,000.00 Registration Fee – Branch AED 5,000.00 Knowledge Fee & Innovation Fee AED 20.00 Cost by Trade Licence Type (Select one of the following) Trading License Fee AED 7,500.00 Service License Fee AED 7,500.00 General Trading License Fee AED 15,000.00 Oil & Gas Trading License Fee AED 15,000.00 Real estate License Fee AED 15,000.00 Aviation License Fee AED 15,000.00 Shipping License Fee AED 15,000.00 Investment of Own Financial Resources License Fee AED 15,000.00 Industrial License Fee AED 7,500.00 Freight Forwarding License AED 8,500.00 Setting up a branch office (Starting from) AED 7,500.00 Setting up a Branch of a Foreign Company (Starting from) AED 7,500.00 Additional Fees for Business Registration Chamber of Commerce Fees AED 1,800.00 E – Channel Registration AED 2,100.00 E – Channel Refundable Deposit AED 5,035.00 Immigration Card Pre-Approval AED 510.00 Immigration Card AED 1,400.00 Visa Processing Cost Bank Guarantee / Employee Visa deposit One Month Salary + One Way Ticket Issuance of employment contract AED 350.00 Visa Allocation Fee AED 1,600.00 Attestation of Employment Contract (for below 60) (if applicable) AED 100.00 No Claim Declaration and NOC (above 60) (if applicable) AED 900.00 Emirates ID Application (Starting from) AED 270.00 Medical Test AED 500.00 Employment/Residence Visa (Select one of the following) Employment / Residence Visa, including local amendment – In Country (Starting from) AED 3,580.00 Employment / Residence Visa – Out of the Country (Starting from) AED 2,730.00 Investor/ Partner Residence Visa, including local amendment – In Country (Starting from) AED 4,780.00 Investor/ Partner Residence Visa – Out of the Country (Starting from) AED 3,930.00 Postal Services Cost New P.O. Box, Normal Process AED 1,124.00 ATTENTION – NOTEAll fees for government and related authorities are an estimation only, as of on 21st September, 2019. The exact government fees will be determined at the time of submission of the applications. We are obligated to provide our clients with all receipts of government and related agencies against the amount that will be paid. Every amount that will expense for your business registration will be supported by documents. In case of shortage, the client has to repay us. In case of excess, we have to refund the client.
Our professional fee covers consultation, drafting of legal documents, introducing reliable local citizen service-agent when required, assisting in document notarization from the local notary public, assisting in local bank account opening, and applying to the concerned authorities on your behalf.