Hamriya Free Zone | Busines setup in Sharjah
Hamriya Free Zone (HFA) Authority was set up in 1995. It is situated in Sharjah, the United Arab Emirates, which gives the free zone a unique geographic and strategic backed by a secure and fully convertible currency and a multi-access to global countries and neighboring by land, sea, and air.
Hamriya Free Zone (HFZ) is on a quick track of turning into the keystones of the UAE’s industrial development. Hamriyah Free Zone is the Next Generation Free Zone and its management is dynamic and flexible. It’s liberal and moderate business policies make Hamriyah Free Zone (HFZ) an investor-oriented free zone.
Company formation in Hamriya Free Zone will give you access to utilize the facilities provided by the free zone authority and get the benefits of moderate policies to enhance your business. Hamriya free zone guarantees the security of investment and full repatriation of capital and profits. Procedures for company formation and business setup in Hamriya Free Zone, Sharjah, United Arab Emirates is very easy and simplified. The simplified procedures and formalities make it possible to obtain a license within one hour of submitting all required documents.
There are two main types of company formation in the Hamriya Free Zone:
- Incorporating a new company (FZE/FZC)
- Establishing a branch
New Company (FZE/FZC)
For new company incorporations, an FZE/FZC application is to be submitted and the minimum capital applicable for land/warehouses is deposited in a UAE Bank for a temporary period of 1-2 days. After Signing the agreement and payments license and certificate of Incorporation will be issued.
A Branch
For business set up as a branch of a local company or an international company, no capital is required to be deposited with the UAE bank. Following documents should be provided, however:
Branch of a Local (UAE) Company
- Notarized copy of License or Certificate of Commercial Registration from the Economic Department.
- Notarized copy of
- Memorandum and Articles of Association of the company.
- A copy of Board Resolution to open a branch in Hamriyah Free Zone as well as to appoint the manager for the Free Zone operations with his passport copy and POA, the board resolution must be notarized.
- Original Bank reference letter regarding the good standing and credit value of the company.
Branch of an International Company
- Notarized copy of Certificate of Incorporation/Good-standing.
- Notarized copy of Memorandum and Articles of Association of the company.
- A copy of the Board Resolution to open a branch in Hamriyah Free Zone as well as to appoint the director/manager for the Free Zone operations with his passport copy and POA, the board resolution must be notarized.
- Original Bank reference letter regarding the good standing and credit value of the company.
Facilities provided at Hamriyah Free Zone (HFZ):
- Company formation in Hamriyah free zone provides pre-built warehouses, factories and office units for lease
- Business setup in Hamriyah free zone provides Access to the deepwater port
- Company incorporation in Hamriyah free zone provides competitive land lease for 25 years renewed for a similar period
- Business setup in Hamriyah free zone provides Executive office suites in the International Business Center for lease
- Company formation in Hamriyah free zone provides on-site accommodation for investors including recreation center and health centers
- Business setup in Hamriyah free zone provides access to transportation via road, 3 seaports, and Sharjah International airport
- Company incorporation in Hamriyah free zone gives you access to highly developed infrastructure and telecommunications system
- Business setup in Hamriyah free zone provides plentiful and inexpensive energy
- Company formation in Hamriyah free zone provides autonomy for personnel recruitment and economical workforce
Hamriyah Free Zone Business License Types
For business setup in Hamriyah Free Zone, one must obtain a license from the authority. The type of license to be issued to an applicant company will be defined by the activity the applicant company is permitted by the Hamriyah Free Zone. Following are the type of license options:
1. Industrial License
Under the industrial license, a company or business setup is allowed to import raw materials for the use of manufacturing, processing, or assembly of the products specified in the license. The finished products may be exported outside the UAE and if the finished products are to be sold in the UAE market then the license holder company will do this through a local distributor or an agent.
2. Commercial License
Under the commercial license a company or business setup is allowed to import, export, sell, distribute, and store items specified in the license. If products are to be sold in the UAE market then the License holder will need to do this through a local distributor or an agent.
3. Service License
Under the service license, a company for an individual can carry out the services which are specified on the license within the Hamriyah Free Zone.
Hamriyah free zone company setup benefits
- Business setup in Hamriyah free zone benefits you with a 100% Tax-free environment.
- Company incorporation in Hamriyah free zone benefits you with 100% Company ownership.
- Business setup in Hamriyah free zone benefits you with 100% Exemption from all commercial levies.
- Company formation in Hamriyah free zone benefits you with 100% Repatriation of capital and profits.
- Business setup in Hamriyah free zone gives you the benefit of land lease for 25 years renewable for similar period.
- Company formation in Hamriyah free zone provides access to deep water port to connect to the neighboring markets
- Hamriyah free zone has pre-built warehouses and office units for lease for your business setup.
- Business setup will provide you access to exclusively designed and furnished Executive offices.
- Availability of abundant and inexpensive energy to meet the need of your business setup.
- Hamriyah free zone gives you the liberty for recruitment of economical workforce for your company formation.
- Business setup in Hamriyah free zone will benefit you with affordable cost of living.
- Company formation in Hamriyah Free Zone guarantees the security of investment and full repatriation of capital and profits.
We at MSZ corporate services provider offer a complete range of packages for company setup in UAE. Our dedicated team is ready to take on the task of company setup in UAE. For inquiries in regards to Hamriya Free Zone company setup please contact us on +971562181007 or drop a mail to info@msz.ae