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
- Offices
- 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
Time frame:
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- A minimum Company Capital of AED 150,000/- to be deposited in any bank in UAE (can be withdrawn in a few days)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: +971 52 544 1248 or Drop us a line at info@mszconsultancy.com
Find out how much it cost you to setup your Dream Business
Other Recent Blogs
Why You’ll Need the Help of Business Consultants in Abu Dhabi
Opportunity Awaits, But Experience is Paramount to Success With an ever-evolving business market, Abu Dhabi is quickly becoming one of the premier destinations for entrepreneurs and investors searching for lucrative endeavors. The region has worked to develop a...
Everything You Need to Know About Statutory Audit Requirements in Dubai
Statutory Audits in the UAE Statutory audit requirements in Dubai are integral to ensuring financial transparency, accountability, and regulatory compliance for businesses operating in the region. The UAE has established an expansive legal framework that requires all...
Compliance Checklist for Businesses in the UAE: Avoiding Common Legal Pitfalls
UAE Labor Laws If you’re an entrepreneur interested in company formation in the UAE, one of the first things you’ll need to do is become familiar with the local labor laws. These labor laws cover a range of aspects, including working hours, leave entitlements,...
Employment Laws in Dubai- Rights and Responsibilities
The UAE, with its thriving economy and diverse workforce, has a well-defined set of employment laws that safeguard the rights of both employers and employees. These laws establish rules surrounding wages, employment contracts, and potential disputes, creating a...
The Legal Implications of Doing Business in Dubai’s Free Zones
Free Zones Dubai If you're an investor who's eyed the benefits of business setup in UAE, you've already performed ample research on Dubai Free Zones and the advantages they offer. These business jurisdictions are independent sectors that provide a wide range of...
The UAE Announces New Laws for Healthcare Professionals
New UAE Healthcare Industry Laws With an eye toward the future, the UAE has made bold moves in updating the rules and regulations in their healthcare industry. These new regulations mark a tightened grip on unlicensed healthcare practices that aim to cement the...
Subscribe to Our Newsletter
We’ll keep you updated on the latest trends and news
WhatsApp us