Sharjah International Airport Free Zone holds meeting for business councils and foreign investors

Sharjah International Airport Free Zone holds meeting for business councils and foreign investors
Published: 12 May 2019 - 5 a.m.

Sharjah International Airport Free Zone (SAIF Zone) recently organised a meeting for over 100 chairpersons, members of business councils and foreign investors interested in setting up businesses in the free zone.

The attendees included Marian Carella, chairman of Philippine Business Council and Iqbal Dawood, president of Pakistan Business Council.

The meeting shed light on the zone’s high-end services and incentives across many trade, logistic transport and industry sectors.

Saud Salim Al Mazrouei, director of Hamriyah Free Zone Authority and SAIF Zone said that the zone is continuously investing in developing its infrastructure and introducing innovative services that meet the growing and ever-changing needs of investors.

“SAIF Zone delivers a host of incentives and privileges that every investor and businessman is looking for, particularly low operating costs and effective business management, besides many more,” he said.

The free zone’s incentives include 100% foreign ownership of businesses, 100 % repatriation of capital and profits, and 100% corporate or personal income tax exemptions, 100% import and export tax exemptions. This is in addition to 24-hour services, all licenses issued within one day, and a hotline that guarantees the availability of immediate manpower, equipment, shipment and customs clearance, 24/7 security and emergency services as well as labor accommodation within the zone, a press release stated.

“SAIF Zone also houses containers storage area, storage warehouses, which constitutes a conducive environment for manufacturing, assembly, packaging, import and re-export services. The zone also offers basic amenities including legal and courier services, customs clearance, banking and medical services as well as transportation to the city,” the release stated.

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