Michael R. Scotch
1) Sharjah Airport International Free Zone (SAIF Zone)
This Zone is well known for its quick and easy processes to set up your company. The SAIF-Zone offers licensing services throughout the day, which helps you start your operations sooner than expected. Within your closest proximity from this zone is an ever growing customer base, with over 2 billion people in the region thereby contributing to 1/3rd of the industrial activities. Irrespective of where your customers are located, the SAIF-Zone offers you unparalleled benefits in terms of personal and corporate tax exemptions and zero Exim duties.
This zone is highly adaptable and favorable enough to accommodate all types of businesses, at extremely low costs but high quality. You will be guided by the SAIF staff to help you establish your company without interruptions. The staff will also support your business by providing visas and other sponsorships for the in-house staff to help them adapt to their new workplace.
Some of the benefits include:
Commercial License: Import, Export, Distribution, consolidation, storage or warehousing of items speciﬁc in the license, maximum limit is three similar product lines.
General Trading: Can be obtained under a commercial license that allows a large number of products.
The holder can only carry out services that are specified in this license. Usually, all services are permitted unless restricted by local and Federal authorities.
Import of raw materials, manufacturing, processing, assembling, packaging and exporting the ﬁnished product.
2) Hamriyah Free Zone
The Emiri decree set up the Hamriya Free zone in 1995. This free zone enjoys its strategic location in the industrial base of Sharjah, providing easy access to countries all over the world, through sea, land and air. This location holds leverage over time zones and is completely structured and secure when it comes to fully convertible currencies. It is one of UAE fastest growing industrial areas and this free zone is highly investor oriented.
Like any other, Hamriyah Free Zone also provides a platform for businesses to flourish, with 100% ownership, exemptions and capital and profit repatriations.
The Licenses offered in Hamriyah Free Zone:
The holder can import, export, sell, distribute and store items specified on the license. The finished products can be sold in the UAE through a local agent that the holder specifies.
This license holder can carry out the services that are specified on the license only within the Hamriyah Free Zone.
With this license, the holder would be able to manufacture, process and assemble specified products through the import of raw materials. If the holder needs to sell the product within the UAE, he can do so using a local distributer. He can also export the finished products to any country outside of the UAE.