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Company Formation in Sharjah Airport International Free Zone

One of the most important free zones in the United Arab Emirates is the Sharjah Airport International Free Zone(SAIF), which is ideally situated close to the Sharjah International Airport. SAIF provides a strong connection, especially in regional and international trade. Its crossroads positioning on major international shipping routes gives businesses direct access to the Middle East, Asia, Europe, and Africa.

Benefits of Company Formation in SAIF

  • 100% Foreign Ownership: Foreign investors can have full control over their company without the need for a local sponsor.
  • Tax Exemptions: Personal income and corporate taxes are not applicable, reducing operational costs.
  • Simplified Procedures: SAIF offers streamlined processes for company formation, making it easier to set up and operate a business.
  • Full Repatriation of Profits and Capital: Businesses can freely transfer profits and capital, providing greater financial flexibility.

Types of Licenses Offered in SAIF

  • Commercial License

In most businesses that deal in buying and selling, a commercial license is required. A commercial license permits any business to engage in retail, wholesale, or trading businesses. Most activities in these fields are stores, distributors, and online commerce.

  • Industrial License

An industrial license is a license granted to business operations engaged in producing, processing, or assembling goods. Companies in production, factory operations, or resource extraction require this license, especially regarding company formation services in SAIF.

  • Service License

A service license is required for companies offering services instead of products. Such service-based businesses include consultancy, education, healthcare, hospitality, and professional services, among others. In general, it is issued to companies that sell intellectual, technical, or personal services rather than physical goods.


Business Activities in the SAIF Zone

The Sharjah Airport International Free Zone (SAIF Zone) supports a wide array of business activities, making it an attractive location for both local and foreign investors. Key sectors include:

  • Trading: Businesses engaged in the import, export, and distribution of goods, including electronics, textiles, foodstuff, and general merchandise.
  • Manufacturing: Light to medium manufacturing operations, including assembly and packaging.
  • Logistics and Distribution: Companies providing logistics services, warehousing, and distribution due to the zone's strategic location near Sharjah International Airport.
  • Professional Services: Firms offering consultancy, IT services, marketing, and other professional services.

Types of Entities for Business Setup in SAIF

  • Free Zone Establishment (FZE): one owner-alone entity well suited for small-scale enterprises or individual investors.
  • Free Zone Company (FZC): a multi-shareholder company well suited for partnership with two or more investors.
  • Branch of an existing Company: allows the formation of an extension of an established company in the free zone without the need to form a new legal entity.

Documents Needed for Company Formation in SAIF

To establish a company in the SAIF Zone, the following documents are typically required:

  • Completed Application Form: The official form for company registration.
  • Business Plan: A detailed plan outlining the nature of the business and its operations.
  • Shareholder Identification: Copies of passports and identification for all shareholders and directors.
  • Proof of Address: Documentation verifying the residential address of shareholders/directors.
  • No Objection Certificate (if applicable): Required if there are existing local partners or if a shareholder is a UAE national.
  • Bank Reference Letter: A letter from a bank confirming the financial standing of shareholders may be requested.
  • Memorandum of Association (MOA): A draft outlining the company's structure and operational guidelines.

Steps for Company Formation in SAIF

  • Choose Business Activity

Select the business activity that suits your operations, like trading, manufacturing, or supply of services.

  • Choose the Right Category and License

Decide on the type of license (Commercial, Industrial, or Service) based on your business activity.

  • Decide on the Company Structure

A Free Zone Company (FZC), Free Zone Establishment (FZE), or a branch of an already-existing business are the options available.

  • Submit documents

Provide documents such as

  • Business plan
  • Shareholder information
  • Address and ID proof
  • Obtain Provisional Approval

Through the entire application procedure, receive provisional approval from SAIF authorities

  • Sign the Lease Agreement

Finalize the office or warehouse space allocation within the free zone

  • Pay the Fees

Pay the Fees Pay licensing, registration, and lease as per the applicable fees

  • Obtain the License

After completing the steps above, collect your business license to operate.

PRO Services in Sharjah Airport International Freezone

PRO Services in the SAIF Zone are designed to help businesses navigate the administrative tasks and government-related processes involved in setting up and running a company in the free zone. PRO Services offered in Sharjah Airport International Freezone include:

  • Application for New Investor & Employment Visa: Assistance with the application process for new investor and employment visas, ensuring that all necessary documents are submitted and requirements are met.
  • Renewal of Residence Visa: Help with renewing residence visas for investors, employees, and their families, ensuring that all necessary documents are submitted and requirements are met.
  • Trade License Renewal: Assistance with renewing trade licenses, ensuring that all necessary documents are submitted and requirements are met.
  • Document Attesting and Translation: Help with attesting and translating documents, ensuring that they are valid and recognized by the relevant authorities.
  • Opening Personal Bank Account: Assistance with opening personal bank accounts for investors and employees.

Advantages of Company Formation in SAIF

  • Efficient Setup: Quick and easy procedure to register a company.
  • Modern Infrastructure: High-end office space, warehouses, and more business services
  • Airport Connectivity: Straight access from the airport to Sharjah International Airport, promoting hassle-free trade and travel.

Why Choose SAIF for Company Formation?

  • Ease of Doing Business

SAIF presents a streamlined, business-friendly environment with minimal bureaucracy to facilitate companies in starting and running businesses.

  • Proximity to Key Markets

Ideally located, SAIF presents easy access to major markets from the Middle East, Africa, and Asia, thereby enhancing trade opportunities.

  • Growth Opportunities

A free zone presents considerable development scope, especially in logistics, manufacturing, and trade, therefore providing a sound platform for business expansion.

Your Trusted Choice for Company Formation in SAIF

At Reyson Badger, we specialize in company formation in Sharjah Airport International Free Zone (SAIF). Our knowledge and years of experience ensure a seamless start-to-end setup process from the beginning. Our team ensures that business-related activity and license selection are carried out within the proper company structure to ensure compliance with all regulations. We help handle documentation and obtain approvals and registrations. This will create valuable opportunities to concentrate on the core priority of expanding your business. With Reyson Badger, you will have complete support in one of the UAE's most dynamic business ecosystems. Our expertise in company formation services in SAIF ensures access to strategic insights, professional guidance, and opportunities designed to maximize your success. 

 

FAQ'S

1. How long does it take to form a company in SAIF?

The company formation process  in Sharjah Airport International Free Zone (SAIF) typically takes 2-4 weeks, depending on the complexity of the application

2. What types of businesses can be set up in SAIF?

SAIF allows for various types of businesses, including trading, manufacturing, logistics, and service-based industries.

3. What types of businesses are most suited for company formation in SAIF?

SAIF is ideal for businesses in sectors such as trading, manufacturing, logistics, consultancy, and service-based industries. Its infrastructure and location provide excellent opportunities for businesses that need easy access to global markets and transportation links.

4. What is the cost of forming a company in SAIF?

The cost of setting up a company in SAIF varies depending on the type of license, office space, and other factors. However, the process is affordable, and companies benefit from tax exemptions that significantly reduce operational costs.

5. Can I register my company online with SAIF?

Yes, the company registration process in SAIF can be done online, making it easier and more convenient for businesses to complete the required formalities from anywhere in the world.

 


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