Hamriyah Free Zone in Sharjah is an ideal business location, housing nearly 6,500 businesses from over 160 countries. The free zone offers businesses easy access to global markets along with world-class facilities, like factories, warehouses, executive office suites, recreational centres, labour accommodation, and more. Furthermore, investors planning Hamriyah Free Zone company formation can take advantage of the advanced seaports, airports, and major highways.
About Hamriyah Free Zone
The Hamriyah Free Zone Authority (HFZA) is controlled by the Emirate of Sharjah, the second-largest free zone in the UAE. Founded in 1995, HFZA has become home to representative offices for numerous big domestic and foreign companies. Since Sharjah is the only emirate with access to both the Arabian Gulf and the Gulf of Oman, businesses can gain various logistical benefits and global connectivity from this free zone.
Hamriyah Free Zone is appropriate for both large and small businesses. Hence, those looking for an affordable office or warehouse in a prime location with excellent connections, this can be their best bet.
Range of facilities offered in Hamriyah Free Zone:-
- Water Port - Dedicated petrochemical, bulk handling, general cargo berths, LPG and container terminals.
- Land for Lease - An array of industrial plots developed by investors to suit their exact requirements.
- Warehouse/Factory/Office Units for Lease - Integrated, comfortable and investor-oriented pre-built warehouses.
- Executive Leased Offices - Flexible space design with state-of-the-art communications facilities and business center accommodating over 100 Executive office suites, conferencing and internet facilities.
- Staff Accommodation – On-site housing facilities for the workers with a canteen that caters to international cuisine, a recreation centre, and a health club for a healthy & fit working environment.
Benefits of Hamriyah Free Zone business setup
The Hamriyah Free Zone is a perfect combination of investor-friendly policies and high economic potential solutions. Listed are some extended benefits of the Hamriyah Free Zone company formation:
- Strategic Location - Located in Sharjah, providing excellent connectivity to local and international markets and proximity to the Sharjah International Airport and major seaports.
- Tax Benefits - 100% exemption from corporate, income, and personal taxes and zero customs duty for goods and services within the free zone.
- No Restrictions on Repatriation of Profits - Unrestricted capital repatriation or transfer of profits made in the free zone to a foreign account.
- Ease of Doing Business - A seamless and hassle-free business setup process with efficient administration services, including quick document processing, licensing, and visa applications.
- State-of-the-art Infrastructure - Modern facilities like offices, warehouses, and industrial lands catering to the needs of various types of businesses.
- 100% Foreign Ownership - Complete foreign ownership without a local sponsor, giving investors full rights to make the business decisions, the profits, and the management of the company.
- Wide Range of Business Activities - Supports industrial, trading, commercial, and service activities, offering flexibility to choose multiple activities under one license.
- Affordable Setup and Facilities - Affordable business license packages, warehouses, offices, and industrial land for new ventures, small and medium-sized enterprises, and large-scale manufacturing firms.
- Easy Visa and Immigration Process – Easy processing of investor and employee visas with flexible quotas, allowing businesses to hire skilled professionals from around the world.
- Remote Company Registration – Convenience of registering the new company without visiting the UAE.
- No NOC Required – Simplified setup process without the need for a No Objection Certificate.
- Flexible Hiring - No restrictions on hiring foreign employees, giving access to a global talent pool.
- No Share Capital or Annual Audit Needed – Simplified financial management by eliminating the need to provide share capital or conduct annual audits.
- Easy, Digital, and Cost-Efficient - Straightforward, digital, and cost-effective registration and operational processes, saving business owners their time and money.
Types of licenses for Hamriyah Free Zone company formation
There are three types of licenses offered in Hamriyah Free Zone:
- Industrial License: Allows businesses to import raw materials for manufacturing, process specified products, and export finished products outside the UAE.
- Commercial License: Allows businesses to import, export, sell, distribute and store items specified on the license.
- Service License: Allows holders to provide professional services specified on the license.
Hamriyah Free Zone company formation process
A company registration in Hamriyah Free Zone can be carried out by following these steps:
Step 1: Choose the business activities and license type
Choose the appropriate license type based on business activities. Selecting the incorrect license and activity might hinder the company registration process, further limiting the ability to open a bank account or secure a UAE visa.
Step 2: Determine the legal form of the business
Choose the legal form, such as FZE (Free Zone Establishment), FZC (Free Zone Company), or a branch of an existing domestic or international business.
Step 3: Prepare and file the required documentation
Prepare the required paperwork and submit it along with the application to the HFZ authority. Pay the registration and processing fee.
Step 4: Collect the license and registration documents
Receive the license and registration documents of the company, including:
- Certificate of Incorporation
- Memorandum of Association and Articles of Association
- Investment Service Agreement
- Share certificate
- Lease agreement
Step 5: Secure an Establishment Card
Now that you have the company’s details and visa quotes, get an Establishment Card.
Step 6: Apply for an entry permit
Submit an application for an entry permit. This permit allows you to enter the UAE to finish the residence visa formalities, such as biometrics and medical examination.
Step 7: Take a medical test and submit visa documents
After arriving in the UAE, complete the medical examination and apply for a residency visa. The number of visas may vary depending on the registration package.
Step 8: Collect your Emirates ID
After securing the residence visa, apply for an Emirates ID card, the official identification card applicable in the Emirates.
Step 9: Open a bank account
Set up a corporate bank account by submitting an application to a reputable UAE bank. Once you get your account details, begin operating in the Hamriyah Free Zone.
Documents required for Hamriyah Free Zone company formation
The set of documents required to set up a business in the Hamriyah Free Zone include:
- Application form
- Letter of Intent
- Passport copies of all shareholders
- Trade license copy (for branch establishment)
- Bank reference letter
- A copy of the MOA and AOA
Cost of Hamriyah Free Zone business setup
Hamriyah Free Zone company formation costs are determined by the type of license, the intended business activity, facilities acquired, and the number of visas. Apart from being the cheapest free zone in the UAE, Hamriyah Free Zone offers various packages that can be customised to the needs of a startup, trading, or industrial company. However, the cost of a visa, registration, and facility rental can be additional expenses for the investors.
With proper planning and professional support, businesses can deal with costs effectively and ensure proper financial planning in advance. Reach out to our experts to get the estimated cost in detail.
Why choose us for your Hamriyah Free Zone business setup?
We take pride in being a reliable business setup consultancy firm in the UAE, recognized for providing trustworthy and transparent services. Our skilled advisors are well-versed in UAE laws and regulations and hence can offer personalised solutions for their company formation needs.
From activity selection and licensing to visa processing and bank account support, our experts will manage the entire process efficiently with competitive pricing and open communication. We aim to provide an easy setup experience so that you can concentrate fully on growing your business in the UAE’s thriving market.
Partner with us today and simplify your Hamriyah Free Zone business setup journey.
