One of the best ways you can guarantee your business success is by finding a strategic location for it. There are several options to choose from, but, no one is better than learning how to set up your business in Sharjah Airport International Free Zone.
In this article, you will discover how to perform your business setup in SAIF Free Zone. Here, you will be able to know the advantages, licenses, and companies of the Sharjah Airport International Free Zone.
- What should you know about the Sharjah Airport International Free Zone?
- Advantages of setting up your business in Sharjah Airport International Free Zone
- What business activities can the SAIF Free Zone offer to you?
- Which licenses and facilities are available for you in the Sharjah Airport International Free Zone?
- License renewal and liquidation in the Sharjah Airport International Free Zone?
- Where can you find assistance for your business setup in SAIF Free Zone?
1. What should you know about the Sharjah Airport International Free Zone (SAIF)
As a method to promote foreign investment, the UAE government began to establish new Free Zones. Essentially, they are specific regions of the country where commerce laws are more internationally friendly. They can serve as a hub for foreign businesses.
Dubai has a South Free Zone, where you can use specific licenses for your business setup. However, we are here to show you only the best: the Sharjah Airport International Free Zone. Let us reveal why this location has so much to offer.
Learning about this involves getting to know its background and the Sharjah SAIF Zone company list. Besides, it also implies discovering why it is an excellent place for setting up businesses like virtual offices. These are the matters we will discuss next.
However, you are free to look for any additional information you may find essential on our website. We are sure that you will be very attracted to the idea of a business setup in SAIF Free Zone given the many benefits. Let us get into it:
The Sharjah Airport International Free Zone is northeast of Dubai and has just over 1.100 acres of land. It is next to the Sharjah International Airport, a facility that handles over 13 million passengers annually. The airport opened in 1976, but the SAIF Free Zone is considerably more recent.
UAE authorities established this Free Zone in 1995 to attract investors from other latitudes. Their goal was to offer a business location where commercial advantages make it irresistible for overseas companies. As a result, they will improve the country’s economy and growth significantly.
Key evidence of the growth of the Sharjah Airport International Free Zone is the number of passengers handled by the airport. In 2002, this number was just over 200.000 annual passengers. It reached today’s 13 million due to several successful Sharjah Airport Free Zone companies.
Time has proven that establishing the SAIF Free Zone is a good decision for investors. Above all, you can find a Sharjah SAIF Zone company list that agrees with such a statement. Let us reveal which excellent companies integrate this list and shared office space.
1.2 Companies in the free zone
The Sharjah Airport Free Zone companies also impress visitors because of their diversity. After all, many investors pursued the advantages of starting a business as a foreigner. Consequently, several types of companies emerged in the area.
Due to its proximity to the airport, many aviation service companies performed a business setup in SAIF Free Zone. It is also why you can find several logistical firms that use it as their operational hub. Thus, you will find it easy to distribute your products from there.
On the other hand, you can encounter some businesses that operated effectively as virtual offices during the COVID-19 pandemic. They include several equipment suppliers for chemical, electrical, and computer facilities. In other words, in the Sharjah Airport International Free Zone, you will find what you need.
There are cleaning and clothing companies with offices in the SAIF Free Zone for manufacturing and sales. You could use their alliances to improve your business if your industry is related to theirs as many Sharjah Airport Free Zone companies are there to stay.
1.3 A business-friendly environment
Undoubtedly, members of the Sharjah SAIF Zone company list performed a business setup there for excellent reasons. We can gather them in a single phrase: It is a business-friendly environment. However, you cannot avoid wondering: What does this mean exactly?
First, the Sharjah Airport International Free Zone has a strategic location to perform business worldwide. It allows companies to trade products and supplies from and to Asia and Europe quickly. Therefore, you will find it beneficial to use a business formation service to build your company there.
On the other hand, the SAIF Zone is one of the best industrial free zones in the UAE. It handles over one-third of the industrial activities in the country. Performing a business setup in SAIF Free Zone will put you in a tremendously active commercial area.
In conclusion, the Sharjah Airport International Free Zone is the correct place to do business in the UAE. It is even a terrific location to start a business without money. Why? It is because of the benefits that we will show you in the next topic.
2. Advantages of setting up your business in Sharjah Airport International Free Zone (SAIF)
Let us go from a general perspective to a more specific vantage point. The Sharjah Airport International Free Zone is a trending location to set up a business in the Middle East. This is primarily due to the advantages it can bring to your company.
The UAE government will allow you to perform a business setup in SAIF Free Zone with 100% foreign ownership. Namely, you can build your company there without the local owners required on the mainland. Otherwise, you would need a corporate sponsoring service.
Furthermore, the SAIF Zone has also several leasing options for your business plans. In this way, you can find the one that suits your financial and operational status adequately. As a result, you will find the Sharjah Airport parking fee a necessary expense to improve your revenue.
Last, the Sharjah Airport International Free Zone does not require personal, income or corporate taxes. It allows you to direct money to other essential features, such as your meeting rooms. By all odds, your coworkers will thank you for it.
3. What business activities can the SAIF Free Zone offer to you?
The Sharjah Airport International Free Zone can be the home to several business activities that you can conduct. After all, its premise is to improve the local economy by offering a friendly environment for foreign investment. Let us talk to you about some of them.
A free zone next to a busy airport like Sharjah’s is an excellent hub for tourism and general trading. It would allow your customers to enjoy and do business in the UAE as soon as they arrive. In other words, it will be a well-spent Sharjah Airport parking fee.
Moreover, you can also perform a business setup in SAIF Free Zone regarding media and E-commerce activities. The site will offer you the best condition to set up a private office for your company. As a result, your products can become internationally known in no time.
The Sharjah Airport International Free Zone is your best option regardless of your type of business. It can even be a perfect spot to perform activities related to real estate investments. In this way, you could offer coworking space to other companies and more.
4. Which licenses and facilities are available for you in the Sharjah Airport International Free Zone?
After deciding to start a business setup in SAIF Free Zone, you have to learn about its licenses and facilities. Consequently, you will have all the information you need to choose the ones your business requires. Fortunately, you will know some of them in this subject.
When it comes to licenses, the Sharjah Airport International Free Zone will allow you to secure four main types. You can ask the SAIF Zone authority to issue one of the licenses listed below:
- Trade License
- Commercial License
- Service License
- Industrial License
On the other hand, this free trade zone is also highly varied regarding available facilities. For example, you can find several office spaces and bunker facilities in the area for your company. They would be a tiptop home for your new flexi desks.
Furthermore, you can find container parking areas and bunker facilities in the Sharjah Airport International Free Zone. Your business workplace type will not be a problem in your pursuit of enjoying UAE’s economic advantages. It is all about hiring a visa service and starting this new journey.
5. License renewal and liquidation in the Sharjah Airport International Free Zone
Once you invest the approximate AED 10,800 for a business license package, you are ready to go. Nevertheless, it is not only the beginning of your stay in the SAIF Free Zone that matters. It also involves learning about the business license renewal and liquidation processes.
Most importantly, they are two tasks that are tremendously simple and cost-effective. You can find it helpful to know them as you do about a business setup in SAIF Free Zone. It will allow you to discover the licensing services you should include in your planning.
Our team prepared summarized and well-explained information about both activities. In this way, you will learn what each process requires and factors such as the time they will take. It should be your primary focus, alongside building a business center for your organization.
Nonetheless, you are free to look for any additional information you can find profitable. Just remember: Your goal must be enjoying the benefits of the Sharjah Airport International Free Zone without legal issues.
Let us show you how you can perform each process:
5.1 Business License renewal
The license renewal process is as simple as the request for such a license in the first place. First, it involves paying the renewal fee with the submittal of your lease agreement. It is a process you must perform annually, so do not forget to highlight it in your calendar.
Regardless of renewing a business trade license or another type of license, you are obligated to submit an audit report since your second renewal. Such study is also required annually. Therefore, make sure to hire the best team for the job.
5.2 Liquidation process
In business, you must prepare for any possible scenario. Assuredly, your business setup in SAIF Free Zone could end requiring liquidation. For this reason, you have to learn how to perform this process correctly.
As the business license renewal process, liquidation implies paying a government fee to complete it. However, it will take you more time to perform it (one month) and will involve the following steps:
- Canceling your investor visa
- Terminating your lease agreement
- Closing your bank account
6. Where can you find assistance for your business setup in SAIF Free Zone?
Success for your company is primarily related to the advantages of its location. In other words, choosing the right home for it can open several doors in your path.
This is why we strongly recommend discovering how to set up a business in Sharjah Airport International Free Zone.
By all odds, we do not doubt your capabilities. But, finding the best assistance for your business setup in SAIF Free Zone will make your process significantly easier.
On Connect Business Center, we can help you tremendously at every step.
Do not wait and start building your company in the SAIF Zone with us. Do you have any questions about our services? Contact us and let our team assist you with anything you need. We are waiting for your call at +971 43 3166 88. In addition, you can write us an email at firstname.lastname@example.org. Get started today!
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