Introducing Hamriyah Free Zone Authority (HFZA) Business Setup
Located in Sharjah, the Hamriyah Free Zone Authority, or HFZA, is the UAE’s second-largest industrial free zone, spanning around 26 square kilometers. The free zone business setup is a good option as the UAE is uniquely located at the intersection of three continents, with ports on both the Arabian Gulf on the west and the Gulf of Oman on the east, making it a prime location for investors. The UAE free zones also boast world-class facilities such as offices, warehouses, factories, and executive office suites, with over 15 on-site services including banking and auditing firms, currency exchanges, conference rooms, staff accommodation, and more.
This comprehensive guide will explore the details of the Hamriyah free zone business setup.
Why Start Own Company in HFZA, UAE?
The HFZA provides customers looking for a Hamriya Free Zone company setup with unique advantages and competitive incentives, ranging from a corporate, income, import, and export tax-free environment with full foreign ownership to exemptions from all commercial charges.
Moreover, customers can avail of a multitude of other benefits, including:
- Business set up in less than 1 hour
- Strong land, air, and sea connectivity, including access to three seaports, and Sharjah International Airport
- Repatriation of capital and profits
- Purpose-built office accommodation, warehouse, and factory units
- Land lease for 25 years, renewable for a similar period
- Access to the UAE and GCC markets
- Low-cost energy
- Cost-effective workforce
- 24-hour security within the Free Zone
- Special VAT advantages
- Onsite labor accommodation
- Access to a 14-meter deep port and 7-meter deep inner harbor
- Onsite customs facilities
- Single window convenience for all administrative services
- No tax on corporate, income, imports, and exports
- 100 % foreign ownership
Types of Licenses Available in Hamriyah Free Zone Sharjah
Investors can obtain several types of trade licenses when setting up their business in the Hamriyah Free Zone, including commercial, service, and industrial licenses.
- Commercial: This type of license allows the holder to import, export, sell, distribute, and store items specified on the license.
- Service: This license allows the holder to carry out the services specific to the license provided by Hamriyah Free Zone Authority as per user requirements.
- Industrial: This license allows the import of raw materials for manufacturing, processing, and/or assembling specified products.
The types of activities that are covered by HFZ commercial, service, and industrial licenses are:
Commercial Services
- Business Consultancy
- Management Consultancy
- Marketing Consultancy
- IT Consultancy
- Design Consultancy (Except engineering consultancy)
- HR Consultancy
- Tourism Consultancy
- Event Management
- Health and Fitness Consultancy
- Sports Consultancy
- Project Management (Overseas)
- Turnkey Project (Overseas)
- Marine-related activities
- Investment of own resources
Industrial
- Manufacturing
- Processing
- Packaging
- Assembling
- Fabrication
The setup procedure:
The setup of Hamriyah Free Zone companies depends on the type of legal entity you wish to establish. The types of entities allowed by the HFZA are Free Zone Establishments (FZE), which include a single shareholder, Free Zone Companies (FZC), which include 2-5 shareholders, or a branch of a local company or setup branch of a foreign company in the UAE. Hamriyah free zone companies
Documents Required for Starting Hamriyah Free Zone Business
- Setting up an FZE or FZC, copies of the shareholders’ and managers’ passports and visit/tourist visas, along with an attested “No Objection Letter” from their current sponsor (if they already possess a valid UAE employment visa), must be provided.
- To open a branch or a subsidiary company, a copy of the parent company’s license, certificate of incorporation, memorandum, and articles of association, in addition to a board resolution for opening the branch or subsidiary in Hamriyah Free Zone, which mentions the appointed director, manager, and authorized signatory, and copies of the directors’ and manager’s passport and visa, must be provided.
- For local companies, the relevant documents must be attested by the Economic Department of the HFZA, whereas company documents for foreign companies must be notarized and attested by the UAE Embassy in the company’s country of origin.
- With our legal services at Business Link UAE, you can set up your company within the Hamriyah Free Zone with ease. Our team of experts is well-equipped to provide our clients with quality assistance and can facilitate all procedural requirements, including obtaining the required licenses and necessary approvals from UAE government authorities, with whom we have strong links. Our detailed knowledge of the UAE government’s rules and regulations, our customized and transparent approach to meeting our clients’ requirements, and our timely delivery of services have set us apart as a prominent consulting firm, helping companies and individuals to set up their businesses efficiently within the UAE.
For more information regarding how to set up a business in UAE Hamriyah Free Zone as well as other Free Zones and Mainland please contact our professional business setup consultants at 00 971 50 205 2735 or e-mail us at info@businesslinkuae.com.
