Sharjah Free Zone Targets Indian IT Firms
by Lorys Charalambous, Lowtax.net, Cyprus
18 August, 2014
Sharjah International Airport Free Zone (SAIF Zone) recently sent a delegation to Bangalore in India to drum up business for the zone during the India Innovation Summit.
The delegation used the summit to highlight the advantages of doing business at the SAIF Zone, which is located in the United Arab Emirates (UAE). The key incentives include exemption from corporate and personal income taxes, exemption from import and export taxes, and 100 percent foreign ownership.
Mohammad Salem Al Mahmoud, the Commercial Director of SAIF Zone, added that the zone provides on-site accommodation for workers and allows firms to hire a 100 percent expatriate workforce.
Following the delegation's visit to India, Saud Al-Mazrouei, director of SAIF Zone, told Arab News: "The response was very good and we hope that some Indian companies will move to our zone. We have strategic plans for the Indian IT sector as we are going to focus more on it."
SAIF Zone is currently home to 6,500 companies, many of which are from India.
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