Free zone is a particular geographical area in the emirate where 100% foreign ownership is allowed. Free zones do not require partnership with a UAE citizen or with a local service agent.
Sharjah Airport Free Zone (SAIF Zone) is located in the emirate of Sharjah in close proximity to Sharjah International Airport and Sharjah city center. Apparent advantage of Sharjah is its geographical position. Only Sharjah provides exit to Gulf sea ports (Port Khalid) and access to the Indian Ocean (Khor Fakkan Port).
Today there are more than 6,000 registered companies from 140 countries in SAIF Zone. Their activities vary from light and heavy industries to trading and services. Sharjah Airport Free Zone suits for all kinds of businesses. Not only can you choose the right type of license here, but also rent a small office, a warehouse or a plot of land.
minimum share capital requirement amounts to AED 150,000 (USD 41,096). It is required that share capital amount is deposited into company’s bank account.
1 year only, as in any other emirate, after which the license needs to be renewed.
It is mandatory to appoint auditors and submit annual audit report at the end of company’s financial year.
Company’s license is due for renewal prior to its expiration date, otherwise, penalties for late renewal apply.
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