Dubai has continuously led with an example when it comes to setting standards within the economic market- developing with lax and easy-to-navigate rules and regulations, putting in place benchmarks for online and offline businesses, be it LLC or Import/Export Business. Therefore, it’s however obvious that the United Arab Emirates came up with the conception of free- zones to manage a higher quantity of business reaching the terra firma via free zone business setup in Dubai.
Sharjah free zone
Let’s move ahead and try to grasp the concept of conducting businesses in the free zone areas of Dubai better, especially the Sharjah free zone- advantages of conducting business among a free zone as well as get conversant about the Sharjah free zone license cost, for those curious about setting up shop in one of the most profitable free zones of one of most affluent markets within the world, i.e. the Sharjah free zone of Dubai. Set up in 1995 with only 55 companies, the Sharjah Airport International Free Zone (SAIF), today is a prospering ground for over 5000 companies from over 91 countries operating day and night to team up the capital for the favorable markets of Dubai.
First and foremost free zones in Dubai are primarily geographic areas among a country wherever goods, services, and commodities may be listed without the intervention of rigorous customs regulations. For many of the free zone business setups in Dubai, firms are taxed minimally or typically even totally exempted to encourage economic activity and a better rate of doing profitable business without concern about taxes and capital revenue to be paid to the administrations. every free port in mainland Dubai is an autonomous entity with its own free zone authority that governs, handles registration, and distributes licenses among the premises of that free zone.
The free zones setups in Dubai were supposed to act as international business hubs for companies conducting businesses outside the United Arab Emirates since they were not initially commissioned to control within the remainder of the UAE. Although throughout the initial phase, most of the free zone companies were concerned in import and re-export, though currently most of the businesses conduct business within the UAE and GCC through native distributors and traders. Free zone business setup in Dubai offers the foremost fertile ground for putting in place industries equipped with state-of-the-art infrastructure, duty, and tax exemptions, commendable business opportunities as well as versatile government policies, and facilities that build the experience of doing business look seamless.
Business setup in Sharjah Freezone
Exploring choices to own a free zone business setup in Dubai is a beautiful avenue for foreign investors because it expedites business activities and attracts firms trying to invest their capital in entrepreneurial businesses, especially in the Sharjah Free Zone. And, how it attracts investors, entrepreneurs and businessmen is by setting up vital incentives for companies that are willing to line up their offices and industries within the free zones unfold throughout Dubai. Given below are a group of incentives that are rated high amongst businessmen round the world.
After having cleared the general understanding of free zones out of the way, let us now focus on how the Sharjah Free Zone matches up to the potential of your dream business in mainland Dubai.
Not only is the Sharjah Free Zone easily accessible, with well-built channels of transport attaching Arabian Gulf and the Indian Ocean by Port Khalid and Port Khor Fakkan but well connected with the Sharjah International Airport as well.
Benefits of Choosing Sharjah Free Zone
Furthermore, there are loads of added benefits and lucrative legal laws and rules that allow businessmen and budding entrepreneurs to enjoy doing business in the Sharjah Free Zone. Not only does the fact that SAIF Zone has a trading history dating back to the early 18th century make it noteworthy of setting up the business in the Sharjah Free Zone, but also the fact that it today accounts for over 40% of all industrial activity in the UAE. It is after all the combined efforts of the Sharjah ports and Free Zone, Sharjah Chamber of Commerce, and the Government of Sharjah that the Sharjah Free Zone today is extremely proactive and welcoming of new and old business entities armed with the latest, state-of-the-art facilities to help budding businessmen grow. This also includes the fact that the cost of setting up a business is the least in Sharjah as compared to any other place in the UAE.
In addition to tax-free operation, the Sharjah Free Zone offers incomparable trade incentives and never-seen-before benefits to investors, most of which are as follows:
- 100% foreign ownership
- 100% repatriation of capital and profits
- 100% exemption from income and corporate taxes
- A promise of delivering a legal license within 24 hours
- Availability of on-site labor accommodation
- Availability of legible sponsorship and visas for all foreign staff
- A highly strategic location that provides seamless access to 2 billion customers
- Around the clock, 24-hour hotline service for equipment and provision of labour
- Global and regional communications with excellent air, land and sea links
- Back up services provided by the Sharjah Chamber of Commerce and Industry and the Sharjah Expo in cases of emergency and contingency.
- No restriction on the hiring of expatriate workers which can also formulate 1005 of the workforce.
Last, but not least is the affordability of the entire enterprise of having a business setup in Sharjah Free Zone. The cost is so nominal that it makes other free zones want to match up to the standards and rate of the Sharjah Free Zone. The cost of setting up a company in Sharjah Free Zone is only 23,500 AED for a period of 2 years, wherein the cost includes Free Business Setup Consultation, a dedicated Business Consultant, DED License Fees, Company Registration fees, UAE Service Agent, Stamp of the Company and the complete set of documentation required for legible company formation in Sharjah Free Zone.
Now that you know how beneficial, affordable, and easy it is to set up a business in Sharjah Free Zone, you can do it from the comfort of your home too, then what is it that you are waiting for?
There are many agencies that are working hard day and night to provide the most dependable local sponsors that align perfectly with the goals and ambitions of the company. The best agency in Dubai is SHURAA BUSINESS SETUP. To book a free consultation with Shuraa’s free zone company formation specialist, CALL- +971 44081900 or send a WHATSAPP to +971 50 777 5554 or simply drop an EMAIL at [email protected]