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How To Start A Business Hamriyah Free Zone (hafza) Blog
emiratesca.com
Hamriyah Free Zone Authority (HFZA) is situated in Sharjah, in the UAE, which is the 3rd largest emirate in UAE. HFZA was established by an Emiri decree issued in November 12, 1995. HFZA is fast becoming one of the cornerstones of the United Arab Emirates industrial development. As the Next Generation Free Zone, Hamriyah Free Zone Authority is ensuring that its management is flexible and dynamic besides being an investor oriented free zone.
Hamriyah Free Zone Authority is challenged to provide competitive incentives and unique opportunities to establish businesses in a tax free environment with full company ownership, exemptions from all commercial levies and repatriation of capital and profits. The free zone manages an area of approximately 22 million square meters of prime industrial and commercial land and a 14 meter deep water port which includes scope for expansion.
Additional Advantages of Hamriyah Free zone Authority
Land lease for 25 years renewed for similar period
Availability of a 14 meter deep water port & a 7 meter deep inner harbor nearby to it
Pre-built warehouses and office units for lease
Exclusively designed and furnished Executive office suites
International Business Center with conferencing, internet and telecommunication facilities
On-site accommodation for investor’s personnel including recreation center and health club
Highly developed infrastructure, telecommunications links and an access to three sea ports
Seaports on both coasts in addition to Sharjah International Airport
Abundant and reasonably priced energy
Liberty for personnel recruitment and economical workforce
Affordable cost of living
Type of Entities allowed in Hamriyah Free zone Authority
FZE – Single Shareholder
FZC – Two to five shareholders
Branch of Local company
Branch of Foreign company
Different Zone in Hamriyah Free zone Authority
Hamriyah SME Zone
Hamriyah Logistic Village
Hamriyah MB Zone
Types of licenses issued by Hamriyah Free zone Authority
Industrial License:
This license will allow the holder to import raw materials for the purpose of manufacturing, processing and/or assembly of specified products.
Commercial License:
This license will allow the holder to import, export, sell, distribute and store items specified on the license.
Service License:
This license allows the holder to carry out the services which are specified on the license within the Hamriyah Free Zone only.
Cost Structure
Hamriyah Free Zone License cost (Package) AED Registration
Commercial License 25000 Inclusive
Service License 25000 Inclusive
General Trading 35000 – 5 visa Inclusive
Branch License 23500 Inclusive
Visa Eligibility 4 NA
Documents required for Business setup in Hamriyah Free zone Authority
Passport copies of shareholders
Visa copy, visit visa copy, UAE Entry page
Online application signed by shareholders
Legal documents signed( in front of the Free zone authority)
Passport size photo
Name and activity approval
In order to set up your business in UAE, it is advisable to have professional consultant to tackle all the hassles. At Emirates Chartered Accountants Group, our staff will study your requirements and your specific needs. We will ensure that you are registered and setup the company in the area, where you can conduct business within the guidelines of the government. That will ensure you are setup for success and there are no surprises along the way, thus saving you both time and cost.
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