Sharjah Airport International Free Zone or SAIF Zone as it is popularly known is located next to Sharjah International Airport and close to Wasit suburb in Sharjah. Sharjah Airport International Free Zone became fully operational in 1995 when it had a mere 55 companies. Today, the fastest growing Free Zone in Sharjah has around 5,500 companies registered with it.
What are the major advantages offered by Sharjah Airport International Free Zone (SAIF Zone Sharjah)?
Companies in Sharjah Airport International Free Zone (SAIF Zone Sharjah) enjoy attractive incentives as in any other Free Zones in UAE. SAIF Zone is geographically well positioned with excellent land, sea and air links to the rest of the world. The Free Zone has modern premises, equipped with the latest facilities and a secure environment that ensures most returns for the businesses. The major advantages offered by Sharjah Airport International Free Zone (SAIF Zone Sharjah) are the following.
- Strategic location connecting the west and east.
- Access to over 2 billion consumers in the MENA and South Asia region.
- Competitive fee structure.
- Economical lease rates for business facilities.
- Abundant and inexpensive energy.
- Competitive labor force.
- No restriction on hiring expatriate work force.
- Sponsorship & visas for all staff.
- Access to ports in the Arabian Gulf & Indian Ocean.
What are the types of legal entities that can be formed in Sharjah Airport International Free Zone (SAIF Zone Sharjah)?
There are three types of legal entities that can be formed in Sharjah Airport International Free Zone (SAIF Zone Sharjah). Please see the different types as below.
Free Zone Establishment (FZE).
A legally capable person can set up a Free Zone Establishment in SAIF-Zone. The person can be a natural person or a corporate entity. There shall be only one owner (shareholder) in a Free Zone Establishment (FZE). The smallest capital required for a FZE is AED 150,000. Liability of a Free Zone Establishment shall be limited to the FZE’s share capital.
Free Zone Company (FZC).
Two or more persons, natural or judicial, can set up a Free Zone Company in Sharjah Airport International Free Zone (SAIF Zone Sharjah) with a minimum capital of AED 150,000. In normal cases the largest number of shareholders is up to 5 and if approved by SAIF Zone Sharjah the largest number of shareholders can go up to 7. Liability shall be limited to the FZC’s share capital.
Branch of a Company.
Companies established in UAE or in foreign countries can register their branch in SAIF Zone. A company incorporated in a foreign country, if authorized by its documents, can register a branch of their company in Sharjah Airport International Free Zone (SAIF Zone Sharjah). The SAIF Zone branch of such company shall have the same name as that of the parent company. A company registered in UAE, can form a branch of their company in SAIF Zone when the parent company submits all the necessary documents to this effect.
What are the business activities allowed in SAIF Zone?
SAIF Zone offers 4 types of trade licenses for various business activities.
An industrial license from SAIF Zone Sharjah allows the investor to engage in trade such as manufacturing, processing, assembling, packaging etc.
Commercial license is useful for activities like import, export, distribute, consolidate and store items specified in the license from SAIF Zone. There is a limit on the number of similar product lines – three.
General Trading License.
As the name suggests, a general trading license has a large number of products fall within its sphere. This type of trade license is categorized under the commercial license.
The service license allows the company to do only specified services.
What is the cost of trade license in Sharjah Airport International Free Zone (SAIF Zone Sharjah)?
Cost of License Registration in Sharjah Airport International Free Zone (SAIF Zone Sharjah)
|License Category||Activity||License Charges (AED)|
|Industrial License||Specific Activity||7,500|
|Oil & Gas||15,000|
|Trade License (Commercial / Service License)||Specific||7,500|
|Precious Metal / Chemical||10,000|
|Aviation / Shipping||15,000|
|Oil & Gas||15,000|
What is the other company registration charges involved in SAIF Zone?
Other Company Registration Costs in Sharjah Airport International Free Zone
|Description||Frequency of Payments||Charges (AED)||Charges (USD)|
|Third party Liability Insurance for Office||Yearly||1,500||409|
|Third party Liability Insurance for Warehouses and plot of land||Yearly||2,500||681|
|General Service for Office||Yearly||1,200||327|
|General Service for Warehouses||Yearly||2,200||600|
|General Service for Land||Yearly||2,500||681|
|Signboard for Office||One Time||300||82|
|Registration of FZE||One Time||10,000||2,725|
|Registration of FZC||One Time||10,000||2,725|
|Registration of Branch||One Time||5,000||1,362|
|Refundable lease Deposit for all facilities||One Time||3,500||953|
|Immigration Card (Normal)||Yearly||1,000||275|
|Immigration Card (Urgent)||Yearly||1,200||330|
What are the office lease rates in SAIF Zone?
Office Lease Rates in Sharjah Airport International Free Zone
|Office Type||Area (Sqm)||Eligibility for Visa||Lease Rent / Year (AED)||Lease Rent / Year (USD)|
|SAIF Plus||Virtual Desk||3||15,000||4,100|
|SAIF Office||Virtual Office||4||20,000||5,450|
|Executive Office - Type 1||21||6||34,500||9,400|
|Executive Office - Type 2||24||7||39,600||10,780|
How much is the lease rate for industrial land in SAIF Zone?
Land lease in SAIF Zone
|Minimum Plot Size||2,500 Sq. M|
|Annual Lease Rate / Sq. M (AED)||35|
|Annual Lease Rate / Sq. M (USD)||9.35|
|Minimum Refundable Utility Charges (AED)||5,000|
How much does it cost to lease a warehouse in SAIF Zone?
Warehouse Rent in SAIF Zone
|Area (Sq. ft)||Annual Rent (AED)||Refundable Utility Charges (AED) - One Time|
If you have any questions about company registration in Sharjah Airport International Free Zone, please let us know your questions through the contact form below.