One Central – Offices No. 4 Dubai | Office: +971 45686046
ITQAN is a company that specializes in business setup and business growth

Establishing a company in Sharjah International Airport Free Zone

١٩ أغسطس Establishing a company in Sharjah International Airport Free Zone

Establishing a company in the Sharjah Airport International Free Zone is considered a strategic investment step due to the advanced economic environment that supports business. The Sharjah Airport International Free Zone is an ideal platform for establishing companies and developing businesses, 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 including industrial, logistics 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 income tax and no fees on remittances, making it an ideal environment for business.

Thanks to its strategic location, companies in the 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 Airport International Free Zone is a favorable investment that opens doors to opportunities and challenges in the business world.

Benefits of establishing a company in Sharjah International Airport Free Zone

Establishing a company in the free zone Sharjah International Airport offers many benefits and advantages that make it an attractive option for investors and businessmen. The most prominent of these benefits are:

  1. Freedom of ownership: The free zone system allows 100% ownership of companies without the need for a local partner.
  2. Customs facilities: The free zone provides customs exemptions on import and export, which helps save costs and increase the company’s competitiveness.
  3. Advanced infrastructure: The free zone provides a modern and advanced infrastructure that includes logistics facilities, parking and security services.
  4. Simple administrative procedures: The free zone features easy and fast administrative procedures for establishing companies and obtaining licenses.
  5. Government guidance and support: The government provides ongoing support to businesses by providing advice, guidance and facilitating procedures.
  6. 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.
  7. Financial freedom: The free zone does not impose taxes on income, profit or capital, which helps to increase profits.
  8. Technological development: The free zone encourages technological development and the use of the latest technologies in business.
  9. Providing skilled labor: The free zone provides access to skilled workers of various nationalities and specializations.
  10. Strong competitiveness: Thanks to the advanced infrastructure and government facilities, companies in the free zone are more competitive locally and globally.

Procedures for establishing companies in the Sharjah International Airport Free Zone

procedures Establishing companies in the free zone For Sharjah International Airport, the procedures vary slightly depending on the type of company and its structure, but in general, the basic procedures include the following:

  • Submitting an application for establishment: 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: Required documents such as a copy of your passport, personal photos, a business plan, and required financial documents must be submitted.
  • 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 required fees to establish the company and obtain the necessary licenses.
  • Signing the lease: The company must sign a lease for the office or commercial space it will use.
  • Obtaining a work permit: After establishing the company, a business license must be obtained from the Department of Economic Development or the relevant authority.
  • Registering the company in the commercial register: The company must be registered in the commercial register after obtaining all necessary approvals and licenses.
  • Open bank account: A bank account must be opened in the name of the company and the required capital must be deposited.
  • Issuing the necessary licenses and permits: Final licenses and permits are issued after completing all the previous procedures.
  • Getting started: After completing all procedures, the company can start practicing its commercial activity in the Sharjah International Airport Free Zone.

Tax Benefits for Companies in Sharjah Airport International Free Zone

Sharjah Airport International Free Zone offers attractive tax benefits to businesses, as it is a tax-free zone on income and profit for companies established there. Below are some of the main tax benefits for businesses in this zone:

  1. No income tax: Sharjah Airport International Free Zone does not impose corporate income tax, meaning companies do not pay any taxes on the profits they make.
  2. No VAT: Sharjah Airport International Free Zone does not charge Value Added Tax (VAT) on goods and services provided by businesses.
  3. No duty tax: The free zone does not impose any additional fees on companies, making it easier for them to achieve financial balance and increase profits.
  4. No consumer tax: The free zone does not impose tax on imported or sold goods, which reduces additional costs for businesses.
  5. Ease of tax procedures: The free zone features simple and streamlined tax procedures, making it easy for companies to deal with tax aspects with ease.
  6. No customs duties: Companies in the free zone enjoy customs exemptions on imports and exports, which contributes to cost savings and enhances competitiveness.

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

Government Support and Logistics Services at Sharjah Airport International Free Zone

Sharjah Airport International Free Zone provides an encouraging environment for companies through government support and provision of excellent logistics services. Here are some important points about this support and services:

  • Government support: The UAE government offers many programs and initiatives that aim to support companies, such as business financing programs, innovation support, and skills development.
  • Administrative facilities: The free zone provides simple and streamlined administrative procedures for establishing and managing companies, which facilitates the work of companies and encourages their growth.
  • Integrated logistics services: The free zone provides comprehensive logistics services including modern warehouses and 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 set up 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 offers mentoring and training programmes for new companies to enhance their skills and increase their chances of success in the market.

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

Investment and partnership opportunities in Sharjah Airport International Free Zone

Sharjah Airport International Free Zone (SAIF Zone) offers a wide range of investment and partnership opportunities in various economic sectors. These opportunities include sectors such as logistics, manufacturing, trade, and services, in addition to many advanced logistics services.

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

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

By consulting with a team of specialized professionals 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 an attractive environment for foreign investment thanks to the tax incentives and simplified laws they provide, which enhances the local economy and contributes to the transfer of technology and knowledge.
  • Promote 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 economic growth.
  • Providing job opportunities: The growth of companies and factories in the 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 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 enhancing innovation and research and development, which contributes to supporting the global economy and improving economic integration between countries.

Costs and Investments of Company Formation in Sharjah Airport International Free Zone

Costs and investments Establishing companies in the free zone The cost of setting up a business in Sharjah International Airport (SAIF Zone) varies depending on several factors, including the type of company, the scope of its activities, and its specific requirements. Here is an overview of some of the basic costs and investments:

  • Basic start-up costs: These costs include registration fees, government licenses, and basic administrative service fees.
  • Real estate costs: Rental costs in SAIF Zone vary based on the type of unit and its location within the area.
  • Additional service fees: These fees include electricity, water, maintenance and cleaning, and may vary depending on the size and type of commercial unit.
  • Required capital: Some business activities in SAIF Zone may require a certain capital, and this capital is determined according to the proposed business activity.
  • Legal and consulting costs: You may need legal and accounting advice 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 associated with setting up and running the business.

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

Establishing a company in Sharjah International Airport Free Zone

In conclusion, establishing a company in the Sharjah Airport International Free Zone is a strategic and successful investment step due to the many advantages that this zone offers to companies. The free zone provides an ideal business environment that encourages investment and offers many attractive advantages to businessmen and investors.

The Sharjah Airport International Free Zone is strategically located in close proximity to the airport, facilitating import, export and distribution of products worldwide. In addition, the zone enjoys complete freedom from income taxes and customs duties, making it an ideal destination for companies looking for a favorable business environment.

The advantages do not stop there, but also include great facilities in administrative procedures and licenses, and the provision of advanced infrastructure and excellent support services that help companies grow and expand their business. The free zone also provides employment opportunities and skills development for local and expatriate workers.

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

Frequently Asked Questions about Establishing a Company in Sharjah Airport International Free Zone

What are the procedures required to establish a company in SAIF Zone?

You must submit the registration application, provide all required documents and pay the approved fees.

What business activities can I do in SAIF Zone?

A wide range of business activities can be undertaken in SAIF Zone, including manufacturing, logistics, logistics and technology.

What tax benefits and incentives does SAIF Zone offer to companies?

SAIF Zone provides tax incentives such as no corporate and customs taxes on import and export.

Can I have full ownership rights of my company in SAIF Zone?

Yes, you can enjoy full ownership rights of your company in SAIF Zone.