Sharjah is the third largest emirate of the UAE and the only one to have a land on the Gulf of Oman and Persian Gulf. The Sharjah Airport Free Zone was established in 1995 and have grown on to become one of the premier business destinations in the UAE. Its located at the Sharjah International Airport and now there are more than 2900 companies operating in the Free Zone.
How to Set Up a Business in Sharjah Free Zone?
The process to Sharjah free zone company setup can be smooth and easy if you make a proper plan. Research, precise decision making and following the rules are the basic steps. Other than that, you need to follow these steps:
- Understanding your business and deciding appropriate free zone for the same
- Preparing business setup plan
- Choosing a company name and reserving it with the desired free zone
- Finalizing suitable infrastructural setup
- Estimating workforce required for the business
- Depositing the minimum capital amount mandated by the authorities in the bank account
- Completing business registration and licensing process
- Completing business setup formalities by getting an individual shareholder, or both to sign the company formation documents in the presence of free zone authorities.
Licenses Available for Business Setup Services in Sharjah in SAIF Zone
There are several licenses available for investors in the SAIF – Zone
- Commercial License
- General Trading License
- Industrial License (This will require clearance from SAIF – Zone
- Commercial License
- General Trading License
- Industrial License (This will require clearance from SAIF -Zone Health and Environmental Department)
- Service License (Some services can be disallowed by the concerned authorities, but mostly all services are permissible)
Benefits of setting up a business in Sharjah Free Zones
- 100% foreign ownership
- 100% repatriation of capital and profits
- Zero corporate tax
- No customs duty for goods and services
- No currency restrictions
- Quick access to workforce
- Liberal policies and regulations
- Cost-effective leasing options
- Easy access to ports and airport
