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As you probably know by now, LPCS has become one of the leaders in the UAE when it comes to company incorporations, bank account openings and immigration. We handle all sorts of incorporations in UAE; free zone, onshore and offshore. The main benefit with a free zone company over an onshore company, is that it allows 100% foreign ownership, while an onshore registration requires a local sponsor. The free zone company can conduct business internationally and within the free zone. Although we handle registrations in all the free zones, we have found that the most versatile, cost-effective and suitable for most clients is a consultancy/service license in Sharjah Airport Free Zone (SAIF Zone).
By setting up a free zone company, we are able to obtain a tax free residency in the UAE for you and your dependents (partner and children).
These are some of the main benefits with setting up a free zone company in UAE:
- The UAE does not levy any taxes on its residents.
- The only travel requirement to keep the residency is to enter the UAE only one time every 180 days.
- The free zone company can be formed in a variety of places in the UAE, however we would especially recommend SAIF Zone which seems to meet most clients needs. An all-inclusive setup for one person starts from 18600 USD (This includes incorporation, mandatory office space for 1 year, medical checkup, visa application, bank account opening).
Sharjah Airport International Free Zone Company quick facts:
| Company type | Free Zone Limited Liability Company | ||||||
| License Types | There are four different types of licenses in SAIF, consulting/service license, industrial license, commercial license or general trading license. Which license you choose ultimately depends on your business activities, but like we said the most common one is a consulting/service license. | ||||||
| Governing corporate legislation | Sharjah International Airport Free Zone Authority | ||||||
| Information relating to company officers | There is no public register of company officers. No name should be disclosed to register a company. | ||||||
| Confidentiality | SAIF Zone offers one of the highest levels of anonymity and privacy available today. | ||||||
| Accounting/Reporting requirement | Accounts and auditing are required | ||||||
| Taxation | No corporate or personal taxation | ||||||
| Currency | AED | ||||||
| Timeframe | 10 working days for company | ||||||
| Stability | Stable jurisdiction with very good reputation | ||||||
| Time Zone | GMT+4 | ||||||
| Basis of legal System | U.A.E. Law | ||||||
| Minimum shareholders / directors | Minimum of 1 Director and 1 Shareholder | ||||||
| Fees |
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| Required documents: | Notarized passport copy, utility bill in original. A bank reference letter or a bank statement for the past 3 months. None of the documentation can be older than 3 months. |
CAUTION: Many others list low fees that do not include what is necessary, our fees are Complete.
Read more about UAE below:
About the United Arab Emirates (UAE)
The United Arab Emirates, often shortened UAE or simply the Emirates, is a federation in the southeast of the Arabian peninsula, bordering Oman and Saudi Arabia. UAE consists of seven emirates, ruled by emirs; Abu Dhabi, Ajman, Dubai, Fujairah, Ras al-Khaimah, Sharjah and Umm al-Quwain. The capital is Abu Dhabi and is the country's center for political, industrial and cultural activities. The country has the world's 6th largest oil reserves and is one of the most developped economies in West Asia. It is the 35th largest economy in the world and possesses a per capita GDP of 47 407 USD according to the IMF.