Overview of Hamriyah Free Zone
The Hamriyah Free Zone Authority was established in 1995 and has quickly become one of the mainstays of the UAE's industrial development. In addition to being an investor-oriented free zone, Hamriyah Free Zone ensures that its management is flexible and dynamic, offering competitive incentives and unique opportunities to start a business in a tax-free environment, including full company ownership, exemptions from all commercial levies, and capital and profit repatriation. The free zone is responsible for a total area of nearly 22 million square metres of prime industrial and commercial land, as well as a deep-water port that is constantly expanding.
An Emiri decree issued on November 12, 1995 established the Hamriyah Free Zone (HFZ). Sharjah Emirate's industrial hub has become this freezone. Apart from being an investor-oriented free zone, Hamriyah Free Zone as a next-generation free zone ensures that its management is adaptable and dynamic.
Investors are flocking to the Hamriyah Freezone, which has been designated as a "designated zone" for VAT reasons. The Hamriyah Free Zone is challenged to provide competitive incentives and unique opportunities to start a business in a tax-free environment with total company ownership, exemptions from all business levies, and capital and benefit repatriation. The free zone covers approximately 22 million square metres of valuable industrial and commercial land, as well as a 14-meter-deep water port with room for expansion.
The emirate of Sharjah is home to the Hamriyah Free Zone. Sharjah is one of seven emirates possessing ports on the Arabian Gulf's west and east coasts, as well as an international airport and access to the Indian Ocean. Sharjah has extensive transportation links to the Gulf states, the Indian subcontinent, and emerging Asian and African markets.
Licensing Types in Hamriyah Freezone
For business owners wishing to establish profitable businesses in the region, the HFZA offers three types of business licences:
Industrial License
The holder of this licence will be able to import raw materials for the manufacturing, processing, and/or assembly of defined products. It is possible to export the finished goods outside of the UAE. If the finished items are to be sold in the UAE, the Licensee will need to do so through a local distributor or agent.
Commercial License
The holder of this licence will be able to import, export, sell, distribute, and store the items listed on the licence. If the finished items are to be sold in the UAE, the Licensee will need to do so through a local distributor or agent.
Service License
This licence entitles the bearer to perform the services listed on the licence only within the Hamriyah Free Zone.
An Extensive Selection of Warehouses and Offices
For business owners, the Hamriyah Free Zone offers a choice of warehouse choices as well as well-equipped offices. Here's a quick recap:
Warehouses are places where goods are stored.
In terms of storage, Sharjah's commercial area has a variety of pre-built facilities ranging in size from 276 square metres to 614 square metres. All warehouses are built in accordance with environmental and government safety rules, and contain amenities such as abundant parking and adequate infrastructure for IT and utility needs.
Offices that are well-equipped
The Hamriyah Free Zone offers a variety of office amenities, including state-of-the-art communication facilities and flexible spaces. Executive offices begin at 15 square metres, with executive suites ranging from 22 to 40 square metres. Annual renewable leases, a suitable IT infrastructure, meeting rooms with internet access, adequate parking spots, and more are among the other advantages.
Why one should Start a business in Hamriyah Freezone?
Sharjah is the only emirate in the world having ports on both the Arabian Sea and the Arabian Gulf, making it a vital part of the global supply chain with access to worldwide shipping networks. The Hamriyah Port serves as a hub for international exports. Sharjah's well-connected road network, which connects the area to Oman, Bahrain, and beyond, enhances the great coastal location. Aside from being a hub for oil and gas firms, the HFZA Maritime City is a place where investors may supplement opportunities such as shipbuilding, maintenance, offshore fabrication, and more.
Setting up a business in the area ? specifically through the Hamriyah Free Zone Authority (HFZA) ? comes with a number of advantages, in addition to good land, sea, and air connectivity:
- The company is entirely owned by foreigners.
- There are no re-export, export, or customs fees.
- Options for short and long-term leases that are renewable.
- Access to the markets of the Gulf Cooperation Council and the United Arab Emirates.
- Visas, renewals, and other applications can all be completed online.
- In less than an hour, your company will be up and running.
- A 4-metre-deep inner harbour and a 14-metre-deep port are available.
- Special VAT benefits are available.
- Security is provided around the clock.
- For the first ten years, land leasing prices are fixed.
- Investors can construct plots for up to 60% of the cost.
- Infrastructure for telecommunications.
How will Dhanguard assist you?
Creating a new branch. No capital is required to be deposited with a UAE bank if the business is set up as a branch of a local or foreign enterprise.
UAE Free Zones is a professional firm with a regional focus and global representation that covers all areas of conducting business in the UAE. We provide comprehensive services for doing business in the Hamriyah Free Zone Authority while situated in the United Arab Emirates. We are dedicated to providing the highest quality business consulting services in a timely manner, with personal devotion to each client, assisting them with their plans and being ready to assist and solve simple and difficult difficulties.
We are excited to do business with you!
