Establishing a company in the Sharjah International Airport Free Zone

٢٤ مارس Establishing a company in the Sharjah International Airport Free Zone

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Establishing a company in the Sharjah International Airport Free Zone is considered a strategic investment step due to the developed and supportive economic environment for business. Sharjah International Airport Free Zone is an ideal platform for establishing companies and business development, as it provides many advantages and facilities that make it a preferred destination for international and local companies.

The free zone offers advanced infrastructure and integrated services that include industrial, logistical and commercial spaces, making it easier for companies to carry out their activities efficiently and effectively. In addition, the free zone offers a range of attractive financial and tax incentives, such as no taxes on income and no fees on profit transfers abroad, making it an ideal environment for business.

Thanks to its strategic location, companies in Sharjah Airport International Free Zone can easily access regional and global markets, enhancing opportunities for growth and operational expansion. Hence, it can be said that establishing a company in the Sharjah International Airport Free Zone is considered a favorable investment that opens the doors of opportunities and challenges in the business world.

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Benefits of establishing a company in the Sharjah International Airport Free Zone

Establishing a company in the Sharjah International Airport Free Zone provides many benefits and advantages that make it an attractive option for investors and businessmen, the most prominent of which are:

Freedom of ownership: The free zone system allows 100% ownership of companies without the need for a local partner.
Customs facilities: The free zone provides customs exemptions on import and export, which helps save costs and increase the company’s competitiveness.
Advanced Infrastructure: The free zone provides a modern and advanced infrastructure that includes logistical facilities, parking, and security services.
Simple administrative procedures: The free zone is characterized by easy and quick administrative procedures for establishing companies and obtaining licenses.
Government guidance and support: The government provides ongoing support to companies by providing advice, guidance and facilitating procedures.
Access to regional and global markets: The free zone’s strategic location and quality infrastructure provide opportunities for expansion and growth in local, regional and international markets.
Financial freedom: The free zone does not impose taxes on income, profit or capital, which helps increase profits.
Technological development: The free zone encourages technological development and the use of the latest technologies in business.
Providing skilled workers: The free zone provides access to skilled workers of various nationalities and specializations.
Strong competitiveness: Thanks to the advanced infrastructure and government facilities, companies in the free zone are more competitive at the local and global levels.

Procedures for establishing companies in the Sharjah International Airport Free Zone

Procedures for establishing companies in the Sharjah Airport International Free Zone vary slightly depending on the type and structure of the company, but in general, they include the following basic procedures:

Submitting an application for incorporation: The investor must submit an application to establish the company to the Free Zone Authority after determining the type of business activity and the legal structure of the company.
Preparing the required documents: You must submit the required documents such as a copy of the passport, personal photos, a business plan, and the required financial documents.
Obtaining the necessary approvals: After submitting the application, it is studied and reviewed by the competent authorities, and when the conditions are met, the necessary approvals are granted.
Payment of fees: The investor must pay the fees required to establish the company and obtain the necessary licenses.
Signing a lease: The company must sign a lease for the office or commercial space it will use.
Obtaining a work license: After establishing the company, a work license must be obtained from the Department of Economic Development or the relevant authority.
Registering the company in the commercial registry: The company must be registered in the commercial registry after obtaining all necessary approvals and licenses.
Opening a bank account: You must open a bank account in the name of the company and deposit the required capital.
Issuing the necessary licenses and permits: Final licenses and permits are issued after completing all previous procedures.
Starting work: After completing all procedures, the company can begin practicing its commercial activity in the Sharjah International Airport Free Zone.

Tax benefits for companies in Sharjah International Airport Free Zone

The Sharjah International Airport Free Zone provides attractive tax benefits for companies, as it is a tax-free zone on the income and profits of companies located there. Here are some of the main tax advantages for businesses in this region:

No income tax: Sharjah International Airport Free Zone does not impose income tax on companies, meaning companies do not pay any taxes on the profits they make.
Not charging value-added tax: Sharjah International Airport Free Zone does not charge value-added tax (VAT) on goods and services provided by companies.
Not imposing a fee tax: The free zone does not impose any additional fees on companies, which makes it easier for them to achieve financial balance and increase profits.
Not imposing a consumer goods tax: The free zone does not impose a tax on imported or sold goods, which reduces additional costs for companies.
Ease of tax procedures: The free zone is characterized by simple and easy tax procedures, which makes it easier for companies to deal with tax aspects with ease.
Not imposing customs taxes: Companies in the free zone enjoy customs exemptions on import and export, which contributes to saving costs and enhancing competitiveness.

In addition, the free zone offers other tax facilities that make it an attractive environment for investment and encourages companies to grow and expand their business.

Government support and logistics services in the Sharjah International Airport Free Zone

The Sharjah International Airport Free Zone provides an encouraging environment for companies through government support and the provision of distinguished logistical services. Below are some important points about this support and services:

Government support: The UAE government offers many programs and initiatives aimed at supporting companies, such as business financing programs and support for innovation and skills development.
Administrative facilities: The free zone provides simple and easy administrative procedures for establishing and managing companies, which facilitates the work of companies and stimulates them to grow.
Integrated logistics services: The free zone provides comprehensive logistics services that include warehouses and modern logistics facilities, which helps facilitate import and export operations for companies.
Advanced Infrastructure: The free zone features advanced infrastructure including roads, parking and communications, making it an ideal place to establish business.
Technical and advisory support: The free zone provides technical and advisory support to companies by providing experts and consultants in various fields necessary for business success.
Guidance and training: The free zone provides guidance and training programs for new companies to enhance their skills and increase their chances of success in the market.

In short, government support and logistics services in the Sharjah International Airport Free Zone represent a major factor in making it a preferred destination for investment and business establishment, as it helps stimulate economic growth and enhance market competitiveness.

Investment opportunities and partnerships in the Sharjah International Airport Free Zone

The free zone at Sharjah International Airport (SAIF Zone) provides many investment opportunities and partnerships in various economic sectors. These opportunities include sectors such as logistics, manufacturing, trade, and services, as well as many advanced logistics services.

Below are some of the investment opportunities and partnerships that can be taken advantage of in the Sharjah International Airport Free Zone:

Logistics sector: Companies can take advantage of the region’s location and advanced infrastructure to establish distribution centers for goods and logistics services.
Manufacturing sector: SAIF Zone provides an ideal environment for establishing and operating manufacturing units in various industries such as food, chemicals, electronics, and more.
Services sector: Companies in the fields of consulting, marketing, technology, and financial services can benefit from the distinguished business environment in the region.
Customs Warehouses: SAIF Zone provides customs warehouse spaces that allow for safe and efficient storage of goods.
Advanced infrastructure: The region provides modern infrastructure that includes roads, communications, and public services.

By consulting the Itqan team of specialists at SAIF Zone, we can direct you to the opportunities that best suit your needs and assist you in the process of establishing and investing in the region.

The role of the free zone in supporting the local and global economy

Free zones play an important role in supporting the local and global economy in several ways:

Promoting international trade: Free zones facilitate import and export operations, which increases international trade and contributes to strengthening trade relations between countries.
Attracting foreign direct investment: Free zones are considered an attractive environment for foreign investments thanks to the tax incentives and facilitating laws they provide, which strengthen the local economy and contribute to the transfer of technologies and knowledge.
Promoting innovation and development: Free zones encourage innovative experiments and the development of new products and services, which enhances the economic competitiveness of the region and contributes to the growth of the economy.
Providing job opportunities: The growth of companies and factories in free zones contributes to the creation of new job opportunities, which contributes to improving the standard of living of the local community.
Stimulating sustainable development: Free zones work to stimulate sustainable development by supporting clean and sustainable industries and adopting environmentally friendly production practices.

In addition, free zones play a role in promoting technological exchange and skills transfer, and promoting innovation, research and development, which contributes to supporting the global economy and improving economic integration between countries.

Costs and investments of establishing companies in the Sharjah International Airport Free Zone

The costs and investments of establishing companies in the Sharjah International Airport Free Zone (SAIF Zone) vary based on several factors, including the type of company, the scope of its activities, and its specific requirements. Here’s an overview of some basic costs and investments:

Basic setup costs: These costs include registration fees, government licenses, and fees for basic administrative services.
Real estate space costs: Rental costs in SAIF Zone vary based on the unit type and its location within the area.
Additional services fees: These fees include electricity, water, maintenance and cleaning consumption, and may vary according to the size and type of the commercial unit.
Required Capital: Some business activities in SAIF Zone may require certain capital, and this capital is determined according to the proposed business activity.
Legal and consulting costs: You may need legal and accounting consulting to assist in the process of establishing the company and meeting legal requirements.
Additional costs: These may include advertising, marketing, insurance, and any other costs related to establishing and operating the company.

Please note that these points represent a general range of expected costs and investments, and can vary based on each company’s situation and individual requirements. Therefore, it is important to get advice from our experts to determine the exact costs and understand all the possible financial aspects of establishing your company in the region.

Establishing a company in the Sharjah International Airport Free Zone

At the conclusion of this article, it can be said that establishing a company in the Sharjah International Airport Free Zone is considered a strategic and successful investment step due to the many advantages that this region provides to companies. The free zone provides an ideal commercial environment that encourages investment and provides many attractive advantages for businessmen and investors.

The Sharjah International Airport Free Zone is considered a distinctive strategic location as it is located close to the airport, which facilitates import and export operations and the distribution of products worldwide. In addition, the region enjoys complete freedom from income taxes and customs duties, making it an ideal destination for companies looking for a favorable business environment.

The advantages are not limited to that, but also include great facilitation in administrative procedures and licensing, providing advanced infrastructure and excellent support services that help companies grow and expand their business. The free zone also provides employment and skills development opportunities for local and expatriate workers.

Given all these benefits, it can be said that establishing a company in the Sharjah International Airport Free Zone is an excellent option for companies wishing to benefit from a favorable business environment and promising investment opportunities in the Emirate of Sharjah.