Main Features of Business Setup in SAIF Zone
Expat entrepreneurs undertake business setup in SAIF zone without any impediments or procedural complications. Our professional team would help you to start a prolific company and reap a fortune. As in any business jurisdiction, a thorough understanding and in-depth knowledge would be useful to overcome challenges and proceed strongly.
SAIF Zone is one of the free zones in the entire country that allows a plethora of business options. One can set up a manufacturing industry, trading organization, or commercial entity. That means the zone permits almost all kinds of legal businesses. The types of companies in the SAIF zone are:
Free Zone Establishment – A Free Zone Establishment (FZE) is a business setup in SAIF zone that could be established by a single shareholder with a capital of (approx.) AED 150K. Making it convenient and comfortable for the expat to start a company all alone.
Free Zone Company – Free Zone Company (FZC) also necessitates a minimum share capital of around AED 150K. The FZC company in SAIF needs at least two shareholders. The maximum limit for shareholders is five, which could be extended to seven with approval from the free zone authority.
Branch of a Foreign or UAE Company – Any company that has its parent entity in any other region or jurisdiction in the UAE or in a foreign country, can establish a branch in SAIF.
License according to the type of business activity could be obtained after submitting an application, along with documents, in the requisite format.
Trading License – Expats starting a trading company in SAIF jurisdiction can apply for a trading license. Companies undertaking trading activities need this license.
Commercial License – Commercial entities in the SAIF zone would require a commercial license for storage, distribution, sales, and other trading-related activities.
Industrial License – The firms with an industrial license can assemble, mold, and manufacture items, using locally procured or imported raw materials. In addition, the final product could be distributed or exported.
Service License – Those planning to set up a company offering services in the SAIF zone must get a service license.
Documents Required for Setting up Your Company in SAIF Zone
An immigrant can start a company in the SAIF zone with minimal documents. The authority just wants to confirm the identity, nationality, and address details of the individual to maintain data in the system. To prevent any forgeries, extend assistance in case of any disputes and ensure a healthy business practice.
- Copy of passport of the business owner (s)
- Passport size photographs
- Documents indicating the address details
- Notarized copy of the legal structure of the company
- Additional documents sought from time to time
Benefits of Company formation in SAIF Zone
Excellent benefits await those setting up business in the SAIF zone domain. Get a company setup in the jurisdiction and embark on your dream journey without any hassles. The advantages include:
- 100% of ownership in the free zone company
- 100% repatriation of profit and capital
- No income or corporate tax
- Close to international airport and seaports, aiding quick movement and distribution of cargo
- Affordable business setup
- Advanced world-class infrastructure
- Quick setting up. The license could be ready even in 24-hours
Kiltons Business Setup services for SAIF Zone Business Setup
Kiltons Business Setup Services LLC was established in 1999, with an aim to guide, assist and support entrepreneurs to gain a foothold in the UAE. We have been instrumental in realizing the business dreams of ex-pat and resident businesspersons for the past twenty-two years.
Our handpicked professionals have extensive experience in the field of business setup. They extend optimal support to our clients and undertake all the activities, without any lacunae, on behalf of the entrepreneurs. Kiltons also maintain a cordial relation with the ruling royal family members and prominent members in the authority. This strong relationship helps us in offering reliable support to the clients.
We would get you a business license in the SAIF zone in the shortest possible time. Get in touch with us now.
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