SHARJAH AIRPORT INTERNATIONAL FREE ZONE (SAIF ZONE)
The SAIF Zone is located in the Emirate of Sharjah adjacent to Sharjah International Airport and close to the seaports and airports of Dubai and Abu Dhabi. Strategically located, SAIF Zone offers a range of licensing and registration options to the interested investor.
TYPES OF LICENSED ENTITIES
Free Zone Company (FZCO):
Multiple shareholders can set up a free zone company (FZCO) in SAIF Zone. These shareholders can be individuals, non-individuals or a combination of both. An FZCO is essentially a limited liability partnership within the free zone, with the liabilities of the company limited to the paid up capital.
Free Zone Entity (FZE):
Whether an individual or a company, a single shareholder can register a Free Zone establishment (FZE) in SAIF Zone. An FZE is essentially a limited liability partnership within the free zone, with the liability of the company limited to the paid up capital.
A branch is a legal entity of its parent company. Any company established outside the JAFZA can establish a branch within the SAIF Zone. The branch company should be 100% owned by the parent company, operate under the same name and conduct the same business.
TYPE OF SAIF ZONE LICENSE ACTIVITIES
–Commercial license: Import, Export, Distribution, consolidation, storage or warehousing of items specific in the license. Maximum limit is three similar product lines.
– General trading license: Can be obtained under a commercial license which allows a large number of products.
Service license allows the holder to carry out service specified in the license only. All type of services are allowed unless otherwise restricted by the Federal or local authorities.
Activities allowed for this license are Import of raw materials, manufacturing, processing, assembling, packaging and exporting the finished product.
SAIF ZONE ADVANTAGES:
100% Foreign ownership and repatriation of funds with no currency restrictions
100% Exemption from corporate and personal income taxes
100% Tax exemption from all import and export duties within the free zone and internationally
Easy business set up with state-of-the-art infrastructure
As in all the free zones in the UAE, there are multi- types of operational facilities like suites, offices, warehouses and plot of lands. Please feel free to check with us for more information.
HAMRIYA FREE ZONE AUTHORITY
Located at Sharjah Port, the Hamriya Free Zone is the UAE’s second largest industrial free zone spread across approximately 26 million square metres. With its unique location at the intersection of three continents the free zone allows investors to serve a growing market of 1.5 billion people.
TYPES OF LICENSES
The various types of licensing activities that can be registered are as follows:
This license will allow the holder to import raw materials for the purpose of manufacturing, processing and/or assembly of specified products. The finished products may be exported outside the UAE. If the finished products are sold in the UAE market then the license holder will need to do this through a local distributor or a local agent.
This license will allow the holder to carry out the services which are specified on the license.
This license will allow the holder to import, export, sell, distribute and store items specified on the license. General Trading license is issued for those who need to deal with all the items.
Facilities include offices, warehouses, factories and executive office suites, the Zone also has over 15 on-site key business services, like banking and auditing firms, currency exchanges, conference rooms, staff accommodation, and more.
Some of the basic advantages of setting up in the Hamriya Free Zone are as follows:
Full foreign ownership permitted
Repatriation of capital and profits
No import, export, re-export and custom duty
Special VAT advantages
Access to the UAE and GCC markets
Strong land, air and sea connectivity
Access to a 14-metre deep port and 7-metre deep inner harbour
Please feel free to check with us for more information if you are interested to set up your entity in Hamriya Free Zone.