Guide On Company incorporation in SAIF Zone

Wednesday, 12 August 2015

SAIF Zone is one of the most cost effective options for company incorporation in UAE. In 1995, The Sharjah Airport International Free Zone (SAIF Zone) was set up with innovative and strictly higher infrastructure intended to draw investments to the Emirate of Sharjah. The SAIF Zone is built bordering to the Sharjah International Airport and is also simple to hand to seaports on the Indian Ocean (Port Khor Fakkan) and the Arabian Gulf (Port Khalid).
Benefits of Company incorporation in SAIF Zone:
•    100% corporate tax exemption
•    100% foreign ownership
•    Access to over 2 billion consumers
•    100% import and export tax exemption
•    No customs duty
•    Abundant and inexpensive energy
•    100% personal income tax exemption
•    No currency restrictions
•    Sponsorship & visas for all staff
Process of company incorporation at SAIF Zone: Company incorporation in SAIF Zone needs proper planning and decision with different phases. This consists of deciding the business activity and confirming with SAIF Zone, selecting business, legal structures and approximation needed human work force etc.
Document requirements:
•    FZE /FZC forms to be filled
•    Passport copy of the Owners / Managers
•    Project Summary
•    A minimum Company Capital of AED 150,000/- to be deposited in any bank in UAE
•    Auditors appointment Letter in original
•    Original Bank Certificate.
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