Sharjah International Airport Free Zone (SAIF)

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SHARJAH INTERNATIONAL AIRPORT FREE ZONE (SAIF)

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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
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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. 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.

  1. 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

  1. 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