SAIF Zone. SAIF Zone Company Formation
Worldwide Incorporation Services specializes in SAIF Zone – Sharjah Airport International Free Zone Company Formation, establishment of branches of local and foreign companies, opening bank accounts and visa processing services.
SAIF Zone – General Information
Emirate: Sharjah.
Country: UAE.
Location: Middle East, bordering the Gulf of Oman and the Persian Gulf, between Oman and Saudi Arabia.
Time Zone: UTC+4.
Currency: Emirati dirham (AED).
SAIF Zone – Overview
Welcomed business activities
All business activities are welcomed by SAIF Zone.
Key Benefits of SAIF Zone Company Formation
- 100% foreign ownership & repatriation of funds with no currency restrictions
- 100% exemption from corporate and personal income taxes
- 100% tax exemption for all import and export
- Strategic location
- Global and regional communications with excellent sea, land and air transport links
- Global airlinks across the world via Sharjah International Airport
- 6 to 8 hours of Sea-Air transfer
- 25 years lease extended to similar period
- A choice of location and plots in different sizes pre-built
- Free transfer of funds & stable currency linked to the US $
- License issued in 24 hours
- A 24 hour hotline for equipment and provision of labour in cargo operation
- On-site workers accommodations
- Sponsorship & visas for all staff
- No restriction on hiring of 100% expatriate workers and economical wage structure
SAIF Zone Company Formation – Legal Entities
The SAIF Zone Authority allows three types of business setups:
Free Zone Establishment
A Limited Liability Establishment incorporated in SAIF Zone, owned by one natural or juridical person with a distinct legal entity
Free Zone Company
A Limited liability company incorporated in SAIF Zone, by more than one shareholder with a distinct legal entity
Branch
For existing companies wishing to establish a base in SAIF Zone
Required Documents for SAIF Zone Company Formation
- Project Summary
- Passport copy of owners/managers
- A minimum company capital of AED 150,000/- to be deposited in any bank in the UAE
License can be issued without the bank certificate specifying the capital of the company however, in case a Share Certificate or the Incorporation Certificate of the company to be issued is required, then a client will need to submit the bank certificate as well as auditor’s appointment letter without which the same cannot be issued.
* SAIF Zone reserves the right to obtain additional documents if required.
Types of License in the SAIF Zone
The categories of license available within the SAIF Zone are:
Trade License
Commercial License
Import, Export, Distribution, consolidation, storage or warehousing of items specific in the license, Maximum limit is three similar product lines.
General Trading
General Trading license can be obtained under a commercial license which allows a large number of products.
Service license
Service license allows the holder to carry out service specified in the license only. All type of services are allowed unless otherwise restricted by the Federal or local authorities.
Industrial License
Import of raw materials, manufacturing, processing, assembling, packaging and exporting the finished product.
SAIF Zone – License Fees
Industrial:
– Specific: AED 7,500
– Oil & Gas: AED 15,000
Trade License (Commercial/Service):
– Specific: AED 7,500
– Freight Forwarding: AED 8,500
– Precious Metal/Chemical: AED 10,000
– General Trading: AED 15,000
– Aviation: AED 15,000
– 3rd Party Logistics: AED 10,000
– Oil & Gas: AED 15,000
– Shipping: AED 15,000
Resident Visa
Employment Visa (Normal): AED 2,527 + actual one-month salary + equivalent cash of the one way ticket.
Employment VISA (Urgent): AED 2,727 + actual one-month salary + equivalent cash of the one way ticket.
Visa valid for 2 years.
Facilities
SAIF Offices:
– SAIF Desk (3 visas): AED 15,000
– SAIF Office (5 visas): AED 20,000
– SAIF Suite – 21sqm (6 visas): AED 34,650
– SAIF Suite – 24sqm (10 visas): AED 39,600
SAIF Warehouse:
– 125sqm (15 visas): AED 60,000 + AED 3,000 (one-time refundable utility charge)
– 250sqm (25 visas) AED 110,000 + AED 5,000 (one-time refundable utility charge)
– 400sqm (35 visas): AED 160,000 + AED 7,000 (one-time refundable utility charge)
– 600sqm (45 visas): AED 205,000 + AED 10,000 (one-time refundable utility charge)
SAIF Industrial Park (Minimum plot size 2,500 sqm):
– AED 25 per sqm (6 months grace period as per plot size + AED 5000 onwards (one-time refundable utility charge)
WIS SAIF Zone Packages
Three packages are available for clients’ choice depending on individual needs.
SAIF Free Zone Packages – Compare Package Features
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SAIF Zone Company Formation – Office Addresses
Services in the SAIF Zone
Worldwide Incorporation Services provides the following services in the SAIF Zone:
- SAIF Zone Company Formation
- Investor & Employment Visas
- Full Company Administration & Secretarial Services
- Opening of Bank Accounts
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Worldwide Incorporation Services | SAIF Free Zone | SAIF Zone Company Formation
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