Sharjah International Airport Free Zone (SAIF)
Established in 1995, SAIF Zone is known for its dynamic approach which aims to cater the needs of all business types. As name indicates Sharjah International Airport Free Zone situated closest to the Sharjah Airport. It is well known for its simple procedures and friendly atmosphere. Moreover, Sharjah International Airport Free Zone also holds the fame of being the first Aiport Free Zone in the Middle East.
It provides all the convenience of container ports and cargo airports to the companies especially logistic companies. The biggest gift of SAIF Zone is its strategic location which is now home for more than 6500 companies. SAIF Zone provides all facilities to businesses from warehouses to storage areas, to container parking to labour housing at a reasonable cost.
CredentOne DMCC is a pioneer in UAE company formations since last 18 years. Our experts can give tailor made advices and practical suggestions to set up your dream business into successful endeavour in Sharjah Airport International Free Zone or any of the Free Zones in the UAE.
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ADVANTAGES OF BUSINESS SETUP IN SAIF ZONE
SHARE YOUR BUSINESS IDEA NOW & GET A KIND EXPERT ADVISE
- No corporate or personal income tax
- Quick and reasonably priced licensing
- Share capital is not necessary to be paid up
- Get started quickly with 24-hour licensing service.
- A well-situated zone with an easy access to cargo airports and seaports
- 100% repatriation of all capital and profits including 100% free transfer of funds
- 100% foreign ownership allowing you to own your business exclusively without any local partners
- A wide range of facilities can be found here for all business types: warehouses, single offices, manufacturing units, and industrial plots are just a few to name
It is highly pertinent to note here that, for commercial companies maximum limit of licensed activities is three. And for service license, all types of services are allowed unless they are forbidden by the Federal or Local Authorities.
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ESTIMATE FOR NEW FREE ZONE COMPANY IN SAIF ZONE
A smart entrepreneur will always look for the estimate and initial costs for the setting up his/her business as the first step. This page will give you an outline on different types of licenses, General Cost for setting-up a company in RAKEZ, per expenses as follows:
- 1. Type of License and Registration Fees
| LICENSE | ANNUAL FEES |
| Trading or Service License / Specific Industrial License | AED 7,500 |
| Freight Forwarding License | AED 8,500 |
| Precious Metal/Chemical Trading /3rd Party Logistics | AED 10,000 |
| Oil & Gas Trading / Real estate/Aviation/Shipping/General Trading/ | AED 15,000 |
| Investment of Own Financial Resources | AED 15,000 |
| REGISTRATION | ONE TIME FEE |
| FZE (1 shareholder) or FZC (2 or more shareholders) −applicable for packages with warehouse facility | AED 10,000 |
| Branch | AED 5,000 |
Note: Fees are subjected to Value Added Tax (VAT) at the rate of 5%. All fees listed above may change without prior notice.
2.Type of Facility
| SAIF Desk (eligible of 3 visas) | AED 15,000 |
| SAIF Office (eligible of 5 visas) | AED 20,000 |
| SAIF Suite (size: 21 sqm – eligible of 6 visas) | AED 34,000 |
| SAIF Suite (size: 24 sqm – eligible of 10 visas) | AED 39,000 |
| SAIF Warehouse (size: 125 sqm – eligible of 15 visas) | AED 60,000 |
| SAIF Warehouse (size: 250 sqm -eligible of 25 visas) | AED 110,000 |
| SAIF Warehouse (size: 400 sqm- eligible of 35 visas) | AED 160,000 |
| SAIF Warehouse (size: 600 sqm -eligible of 45 visas) | AED 205,000 |
| SAIF Industrial Plot (size: min. 2,500 sqm) | AED 25 per sqm |
Refundable Lease Deposit:
| SAIF Desk/Office | N/A |
| SAIF Suite or SAIF Industrial Plot/Land | AED 3,500 |
| SAIF Warehouse | AED 5,000 |
Refundable Utility charge (for warehouse only)
| 125 sqm | AED 3,000 |
| 250 sqm | AED 5,000 |
| 400 sqm | AED 7,000 |
| 600 sqm | AED 10,000 |
Miscellaneous Cost for office:
| SAIF Desk/Office | AED 3,300 |
| SAIF Warehouse | AED 6,300 |
| SAIF Plot/Land | AED 8,300 |
Note: Fees are subjected to Value Added Tax (VAT) at the rate of 5%. All fees listed above may change without prior notice.
Miscellaneous Cost
| Immigration Card Fees (ANNUAL) | AED 1,400 |
| P.O. Box Annual Fees (ANNUAL) | AED 1,070 |
Note: Fees are subjected to Value Added Tax (VAT) at the rate of 5%. All fees listed above may change without prior notice.
- Residence Visa in SAIF Zone
If you are inside the UAE at the time of the Employment visa application, with Local amendment you can easily stay in the country and enjoy the hassle-free process by bypassing the procedures to change the Visa status.
| Employment Visa Guarantee Deposit is required in SAIF and is calculated as Actual 1-month Salary + equivalent Cash of One-way Ticket. |
| SERVICES | FEES (AED) |
| Investor Visa (valid for 3 years) | 3,527 |
| Employment Visa (valid for 2 years) | 2,827 |
| Medical Test, Emirates ID and Photo | 1,240 |
| Registration Fees for Immigration E-channels Registration (first time) | 2,200 |
| Refundable Deposit for Immigration E-channels Registration | 5,000 |
| CREDENTONE Service Fee | 3,000 |
| Status Change (application inside of the UAE) | 1,200 |
Note: Fees are subjected to Value Added Tax (VAT) at the rate of 5%. All fees listed above may change without prior notice
- 4. CredentOne DMCC Service Packages
We are offering 2 types of packages as per client’s requirement
| SERVICES | EXICUTIVE | PRIORITY |
| Price | AED 7,000 | AED 12,000 |
| Verifying shareholder’s documents for start up | Yes | Yes |
| Company Name Approval | Yes | Yes |
| Activity Approval | Yes | Yes |
| Shareholder’s Structure | Yes | Yes |
| Registration | Yes | Yes |
| Licensing | Yes | Yes |
| Delivering a full pack of corporate documents | Yes | Yes |
| Providing details on UAE banks | Yes | Yes |
| Day to day update regarding the full process | Yes | Yes |
| Corporate Consultancy (up to 2 Hours) | – | Yes |
| Full Assistance in Opening a Corporate Bank Account | – | Yes |
| Board of Resolution (if applicable) | – | Yes |
| Company stamp | – | Yes |
| Company Letterhead | – | Yes |
| Company Profile | – | Yes |
| Immigration Card | – | Yes |
| Project Summary | – | Yes |
Note: Fees are subjected to Value Added Tax (VAT) at the rate of 5%. All fees listed above may change without prior notice
Additional Fees (if applicable)
| For Corporate Shareholder or Branch | AED 10,000 |
| For a Physical Office Procedures (optional) | AED 5,000 |
| For Administrative Power of Attorney | AED 1,500/per shareholder |
| For Companies having more than 2 shareholders | 1,500 AED/per additional shareholder |
Note: Fees are subjected to Value Added Tax (VAT) at the rate of 5%. All fees listed above may change without prior notice