- January 17, 2019
- Posted by: MSZ Consultant
- Category: Business Setup, Free-zones in UAE, United Arab Emirates
Business set up in SAIF Zone
SAIF Zone: The Sharjah Airport International Free Zone (SAIF Zone) offers unbelievable trade incentives to its investors. Today the SAIF-Zone is a host to 5000 companies from 62 countries engaged in various activities. There are several business activities such as import and export, IT services, media, logistics, consumer durable, trading, publishing, advertising, etc.
Types of licenses available in SAIF Zone
Following are the types of licenses available in SAIF-Zone
- Commercial license
- General trading license
- Industrial license
- Service license
What are the facilities available in SAIF Zone?
Following are the facilities available in SAIF – Zone
- Industrial Park
- Land on Lease
- Prebuilt Warehouse
- Temporary Warehouse
- SAIF Zone Labor Accommodation
Some of the benefits of setting up a business in SAIF Zone are as following below
- 100% foreign ownership
- 100% repatriation of capital and profits
- No import & export duties
- No need to paid share capital
- Sponsorship and also visas for all staff
- 24 x 7 operational freedom
- Wide range of facilities
- Facility rental protection
The time frame required for setting up a company in SAIF Zone will range from 2 to 4 weeks.
Documents required for setting up a company in SAIF Zone
For opening a branch in SAIF-Zone is mentioned below
- Application Form (Filled up)
- Bank Statement for the last 3 months.
- Last two years balance Sheet.
- Passport copy of the Owners/Managers
- Project Summary
- Memorandum of Association and also Article of Association (attested from the ministry of Foreign affairs in UAE and also UAE embassy from the country of Origin)
- Board resolution to start a branch in the SAIF-Zone (attested from the ministry of Foreign affairs in UAE and also UAE Embassy from the country of Origin)
- power of attorney (attested from the ministry of Foreign affairs in UAE and also UAE Embassy from the country of Origin)
- Certificate of incorporation (attested from the ministry of Foreign affairs in UAE and also UAE Embassy from the country of Origin)
For starting a new company in SAIF Zone is following below
- Application form
- Project Summary
- Passport copy of the Owners / Managers
- A minimum Company Capital of AED 150,000/- to be deposited in any bank in UAE (can be withdrawn in a few days)
- If your current company is one of the shareholders in the FZC or owner of the FZE then in that case all the company documents (attested) as mentioned for the branch (such as MOA, AOA, Board resolution and Certificate of incorporation) are also required.
If you are planning to setup a business in SAIF-Zone then Contact MSZ Consultancy, we will assist you to set up your company in SAIF Zone.
For further information, contact us: +971589827842/+97142297508 or Drop us a line at email@example.com