SAIF Zone offers 100% foreign ownership, 100% tax exemption
Ankit Sharma
<p>More than 100 chairpersons and members of business councils as well as foreign investors interested in setting up businesses at the Sharjah International Airport Free Zone, SAIF Zone, recently met to discuss the zone's high-end services and incentives.</p> <p>The meeting was organised by SAIF Zone and attended by representatives of multinational companies including Marian Carella, Chairman of Philippine Business Council, and Iqbal Dawood, President of Pakistan Business Council.</p> <p>"The free zone is always investing in developing its infrastructure and introducing innovative services that meet the growing and ever-changing needs of investors," said Saud Salim Al Mazrouei, Director of Hamriyah Free Zone Authority and Sharjah Airport International Free Zone Authority.</p> <p>The free zone offers 100 per cent foreign ownership of businesses, 100 per cent repatriation of capital and profits, 100 per cent corporate or personal income tax exemptions, and 100 per cent import and export tax exemptions. This is in addition to 24-hour services, issuing of licences within a day, a hotline that guarantees the availability of immediate manpower, equipment, shipment and customs clearance, security and emergency services and accommodation for labour within the zone.</p> <p>Apart from a container storage area and warehouses, which make it a conducive environment for manufacturing, assembly, packaging, import and re-export services, the zone also offers legal and courier services, customs clearance, banking and medical services as well as transportation to the city.</p> <p> </p> <p>Source:-<a href="https://www.khaleejtimes.com/news/government/uae-free-zone-offers-100-foreign-ownership-100-tax-exemption">https://www.khaleejtimes.com/news/government/uae-free-zone-offers-100-foreign-ownership-100-tax-exemption</a></p>