- February 14, 2018
- Posted by: MSZ Consultant
- Category: Business Setup, Free-zones in UAE, Hiring & Sponsoring, United Arab Emirates
Sharjah Airport Free Zone was established in the year 1995, it continues to provide services related to licensing. Some of the advantages of working with SAIF are the availability of warehouses, storage areas, container parking, bunkers, excellent land and air links, labour accommodation at better pricing and backup service provided by Sharjah Economic Department (SED) and Sharjah Expo.
How to set up a branch company under Sharjah Airport Free Zone in Sharjah Mainland?
Setting up a branch of free zone company in mainland allows you to trade in mainland without appointing distributors like in the case of free zone companies. Branch of Free zone companies have similar restrictions to activities like that of a free zone company.
Initially, the free zone company would require a NOC from SAIF zone to initiate the company formation. A UAE national would be the service agent while the company has 100% ownership. Board of resolution will be signed by the partners of a SAIF zone company willing to form a free zone company in the mainland. If the partners of SAIF zone company which is a holding company then, partners of the holding company should also sign the board of resolution and appoint a manager to take care of the activities in Mainland
- Cost structure
The cost structure for forming the branch of SAIF zone in the mainland will be similar to the other mainlands depending on their activity.
- Trade name
The trade name will be the same as that of the parent company (SAIF zone company), all documents of parent company need to be submitted to the Sharjah economic department