Sharjah Airport International Free Zone
Sharjah Airport International Free Zone Authority, Sharjah
Description
SAIF Zone is a leading free zone in the UAE, providing a range of business facilities including offices, warehouses, and industrial plots. It offers investors benefits such as 100% foreign ownership, tax exemptions, and proximity to Sharjah International Airport.
| Emirate | Sharjah |
| Website | https://www.saif-zone.com/ |
| Contact Email | info@saif-zone.com |
| Contact Info |
Phone: +971 6 557 1111
Address: P.O. Box 12104, Sharjah, UAE
|
| Year Established | 1995 |
| License Types | Commercial License, General Trading License, Service License, Industrial License, E-commerce License |
| License Cost | AED 10,800.00 - License packages start from AED 10,800 for a SAIF Office package, which includes a standard license and eligibility for 3 visas. |
| Formation Cost | AED 10,800.00 - Formation costs start from AED 10,800 for the basic SAIF Office package. |
| Minimum Capital Requirement | AED 150,000.00 - A minimum capital requirement of AED 150,000 is applicable for Free Zone Establishments (FZE) and Free Zone Companies (FZC). |
| Allowed Business Activities | Trading, Manufacturing, Services, E-commerce, Logistics, Aviation, Oil & Gas |
| Company Legal Structures | Free Zone Establishment (FZE), Free Zone Company (FZC), Branch of a Local or Foreign Company |
| Restricted Activities | Activities conflicting with UAE laws and Islamic morals |
| Investor Visa Cost | AED 3,000.00 - A residency visa costs approximately AED 3,000, including medical tests and Emirates ID issuance. |
| Employee Visa Cost | AED 3,000.00 - Employee visa costs are similar to investor visa costs, approximately AED 3,000 per visa. |
| Processing Time (Days) | 1 days - Company formation can be completed in as little as one working day, depending on the completion of required documentation. |
| Visa Processing Time | 5 days |
| Physical Office Required | Yes |
| Office Space Options | SAIF Office, SAIF Executive Office, SAIF Suite, Warehouses, Industrial Plots |
| Office Space Cost | AED 10,800.00 - Office space packages start from AED 10,800 for a SAIF Office, which includes a flexi-desk and eligibility for 3 visas. |
| Virtual Office Available | No |
| Bank Account Assistance | Yes |
| Bank Account Cost | Assistance with bank account opening is provided; costs vary by bank and account type. |
| Partner Banks | Emirates NBD, Mashreq Bank, RAKBANK |
| Governing Laws | Subject to UAE federal laws and regulations. |
| VAT Registration Required | Yes |
| Corporate Tax Applicable | Yes |
| Annual Audit Required | Yes |
| Renewal Fees | AED 13,350.00 - Renewal fees start from AED 13,350 for a standard license with a flexi-desk package. |
| Renewal Processing Time | 1 days |
| Business Restrictions | Prohibited from engaging in activities outside the scope of licensed operations. |
| Ownership Structure | 100% foreign ownership allowed. |
| Import/Export Restrictions | No No restrictions; businesses benefit from 100% import and export tax exemption. |
| Benefits | Strategic location adjacent to Sharjah International Airport, 100% repatriation of capital and profits, No currency restrictions, Modern infrastructure and facilities, Cost-effective business setup packages |
| Drawbacks | Physical office space is mandatory; no virtual office options. |
| Specific Compliance Requirements | Compliance with UAE labor laws, Adherence to SAIF Zone regulations and guidelines |
