COMPANY FORMATION IN SHARJAH AIRPORT INTERNATIONAL FREE ZONE - ACE Tax Consultant

COMPANY FORMATION IN SHARJAH AIRPORT INTERNATIONAL FREE ZONE

The Sharjah Airport International Free Zone is the most significant industrial free zone in the UAE

SAIF Free Zone: Business Setup in Sharjah, License and Visa Costs

AceTax professionals will make it easy for you to understand everything you need to know about setting up a business in the SAIF zone, paying for a license, and more

1995 marked the beginning of the Sharjah Airport International free zone. It is one of the UAE’s most important industrial free zones. Some of Sharjah’s best free zone company formations can be found in the Sharjah Airport International free zone, which is also known as the SAIF zone. The SAIF zone is connected to the rest of the world by its strategic location. It has the Middle East and Africa’s largest cargo airport. Additionally, this accessibility and proximity makes logistics and transportation costs accessible to all customers, regardless of location. In addition, the SAIF zone offers a variety of business structures and other advantages for business setup. Even though Sharjah is home to more than one-third of the UAE’s industrial activities, the Sharjah Airport free zone offers competitive advantages to businesses of all kinds. As a result, each of these factors has played a role in the enormous expansion of the SAIF zone.
Benefits of business setup in SAIF zone
The various highlights of business setup in SAIF zone include:
  • 100% foreign ownership
  • No personal, income, or corporate taxes
  • Full repatriation of capital and profits
  • Strategic location boosting opportunities
  • Leasing options
  • Simple and quick set up process
  • Innovative infrastructures
  • Exemption from all import and export duties; however, you can’t import into mainland
 
Business activities permitted in SAIF zone
You can conduct several activities in SAIF zone, some of which include:
  • General trading
  • Real estate
  • Agriculture & fishing
  • Media & entertainment
  • Tourism & hospitality
  • E-commerce
  • Healthcare
SAIF zone license
SAIF zone authority issues the following trade licenses:
  • Service license
  • Trade license
  • Industrial license
  • Commercial license
  Packages for a business license start around AED 10,800. In any case, SAIF zone permit costs will differ contingent on the bundle you select for your organization arrangement.
SAIF zone facilities
The free zone offers various facilities for business setup. These include:
  • Office space
  • Plots of land
  • Temporary storage facilities
  • Container parking area
  • Bunker facilities
  • Labour accommodation
 
SAIF zone license renewal
Businesses in the SAIF zone can renew their licenses quickly and easily. There is a prerequisite to present a review report beginning from the second reestablishment of your organization on a yearly premise. You will need to pay the renewal fee and send in the signed lease agreement for your facility to complete the renewal process for your business. The fact that you do not need to be physically present in the UAE to renew your passport and that the procedure can be completed through an agent is a benefit.  
Business liquidation in SAIF zone
Like restoration, organization liquidation additionally needn’t bother with the actual presence of the proprietor and should be possible through a specialist. To finish the liquidation process, you will need to pay a fee to the government. Company liquidation takes about one month to be completed and involves the following steps:
  • Cancellation of visas
  • Termination of the lease agreement
  • Closure of bank account
  Contact AceTax, one of Dubai’s best business setup companies, to learn more about the various options for setting up a business in the SAIF zone. AceTax will assist you in resolving questions about your business and provide you with solutions in the UAE that are most suitable for your company’s needs. Contact AceTax, one of the best Dubai business setup companies, to learn more about the various options for setting up a business in the Dubai Airport Free Zone. AceTax offers you solutions that are best suited to your company formation in the UAE and helps you resolve questions about business. Contact our knowledgeable consultants at +971 553 810 715 or send a WhatsApp message to +91-9899795588 to begin your business journey and learn more. You can also send an email to enquiry@acetaxuae.com to get answers to your questions quickly.

Frequently Asked Questions for Sharjah Airport International Free Zone

Yes, you can pay the renewal fees and renew your license remotely by using a registered agent and an authorization letter.

It takes less than a week to get your license to start your business in the SAIF zone.

No, you have 100 % ownership and do not require to have a local partner to start your company.

Your business cannot be moved from one free zone to another. However, you can open a branch of your current business in a different free zone.

If you want your business to be in a different free zone, you will have to close it down in the current zone and start it up in a different free zone.

It is possible to transfer a license from another UAE free zone to DIC. However, in order to transfer your license to DIC, you will need approval from the Dubai Development Authority (DDA).

Yes, most businesses in the United Arab Emirates require office space. There are different choices and bundles that accompany picking the right office for the perfect add up to suit your organization.