SAIF – Sharjah Airport International free zone
Sharjah Airport International Free Zone (SAIF) is situated right next to Sharjah International Airport.
It is one of the oldest UAE zones with the most developed infrastructure: offices, warehouses, and land can be leased for any business. It was formed in 1995 and presently hosts approximately 7,000 companies. It is also the only UAE’s industrial free zone with rich greenery.
SAIF’s location perfectly suits trading, manufacturing, and logistics companies who are considering a business setup in UAE for a reasonable budget as it is located in close proximity to UAE’s significant seaports and other airports besides Sharjah International Airport.
If you are looking for business setup services in Dubai, it is worth checking SAIF as a possible option.
WIDE RANGE OF OFFICES, WAREHOUSES AND LAND
Sharjah Airport International Free Zone is one of very few zones that offers ready-to-move facilities.
Its warehouses are equipped with fitted offices with air conditioning, pantry, and kitchen. Your investments into the fit-out of a warehouse will be minimal.
Size of warehouses starts with 125 sq. m, out of which 22 sq. m are allocated for the office space. Other available options include 250, 400, and 600 sq. m.
There are 3 types of offices in SAIF zone authority:
- SAIF Suite. Fitted out, air-conditioned, and furnished, with an executive suite office. Provides 8 visa quotas.
- SAIF Executive Office. Fitted out, air-conditioned, and furnished, with an executive desk. Provides 5 visa quotas.
- SAIF Office. An unfurnished but fully customizable office with included utility costs. Provides 3 visa quotas.
All office types come with high-class telecom/IT infrastructure.
Apart from that, staff accommodation premises, container parking, and temporary warehouses are available. In addition, the free zone has its own Jewelry Park, a full-scale and field-oriented unit for jewelry production and exchange with a variety of reputable jewelry businesses.
SAIF facilities are likely to suit any company considering business setup in Sharjah.
ACTIVITIES
The 3 major categories of licenses in Sharjah Airport Free Zone include:
- Trading
- Service
- Industrial
Your license can belong only to one of these categories. If you want to mix them, an additional license will have to be purchased. In particular, E-commerce falls under the Service license.
Sharjah Airport SAIF zone has a very broad business activity list. It even has some hard-to-get service activities, such as “Investment of own funds”.
Activities also allow storage and consolidation of the products specified in your license, as well as manufacturing and assembling of your products.
SAIF does not share its activity list, so the availability of all business activities needs to be checked. The free zone allows having multiple activities in the license for your company formation in Sharjah, but if they are not related, additional fees will apply.
COMPANY SETUP
Sharjah free zone company formation in SAIF can be done personally by company owners or by Power of Attorney holders.
License is issued instantly on the day of application.
The required documents and information for the incorporation in Sharjah Airport Free Zone:
- Passport
- Passport-size photo
- Residential address, phone number, and e-mail of the owner
The documents issued by SAIF after company registration include:
- Certificate of Incorporation
- License
- Memorandum and Articles of Association
- Investment Service Agreement
- Share Certificate
- Lease Agreement
Company registration in this free zone can be done by business setup consultants in Sharjah or in Dubai.
TRADE LICENSE RENEWAL
Renewal of Sharjah Airport International Free Zone company can be done without the company owners’ personal visit. It takes 1 day.
The free zone requires making the payment and signing the renewed lease agreement in order to process the renewal.
LIQUIDATION
Company liquidation in SAIF requires submission of a few documents:
- Board Resolution
- Clearance from Customs
- Audit report
- Visa status report from SAIF Immigration Department
- Clearance from SAIF Facilities Management Department
The cost of the cancellation is 5,500 AED including publication of a newspaper notice.
UAE BUSINESS SETUP CONSULTANT OPINION
In light of recent substance requirements introduced by the UAE Government, SAIF becomes an attractive place. Here you can get a company with an office space for a more than reasonable fee.
Apart from that, the number of resident visa slots per company exceeds that in similar zones. Another way of getting a large number of visas per company is Fujairah Free Zone company setup. In case you do purely international business and do not need UAE resident visas, you may also look at offshore company formation in Dubai.
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