Sharjah has emerged as the most prominent center in UAE for business establishment. Sharjah enjoys great connectivity with the neighboring cities and important places in the world through the sea route, land and air. Sharjah International Airport has flights to most of the cities of the world which makes it the preferred destination when it comes to setting up the business. However, the primary reason which has made the UAE a hot cake among the investors all over the world is the free trade zones which have been established at the emirates of UAE including Dubai, Sharjah, Abu Dhabi and most of them. There are a lot of facilities that are offered to the foreign investors to facilitate and ease of the process of business established. There are two free trade zones in Sharjah, which invite you to establish your business.
SAIF zone (Sharjah Airport International Free)
Sharjah Airport International Free zone, also called SAIF zone provides a host of infrastructural facilities which ensures that your business operates in a smooth manner. The free zone has efficient connectivity due to proximity with the seaports and the international airport. The traders have access to the ports on the Indian ocean and the Arabian Gulf. When you set up your business in the SAIf zone, you will be entitled for both personal and corporate tax exemption, one stop shop for easy clearance, complete repatriation of the capital and the profit. You can also avail complete ownership of your business as a foreign investor. There is no restriction on the currency that you use in the business operations.
Hamariyah Free Zone, Sharjah
The Hamariyan free zone in Sharjah is another free trade zone. An Emiri decree had founded the free zone in the year 1995 to provide a transparent and reliable business environment for the foreign investors to establish their business and run it smoothly. The policies that are prevalent in the free zones at a Hamariyah free zone have been devised to make the running of the business easy for the investors. Executive office suits, tax exemption and many more facilities are offered when you start your business in the free zone. You are provided with abundant energy at incredible rates as well.
Benefits that you can reap at free trade zones UAE
The policies that govern the Free zones in the UAE have been framed keeping in mind the foreign investors so that they experience the ease of setting up the business here and make good profits making use of the infrastructures and facilities provided at the free zones. As a member of the Sharjah free zones, you are given facilities like access to deep water port and harbor, warehouses for rent, land lease for 25 years, office suites in the international business center, freedom of recruiting your personnel and employees to name a few. On establishment of your business in the any of the Sharjah free zones also entitles you to carry out transport via road, sea and air.