Sharjah Freezone Business Setup
Hamriyah Free Zone Company Registration
Through an Emirati edict on November 12, 1995 the Hamriyah Free Zone Authority established itself as one of the North Emirates Free Zones. As a location within Sharjah’s United Arab Emirates territory, this free zone gains superior geographic placement and time zone benefits along with a safe affordable currency and unlimited connection possibilities to worldwide destinations. The Hamriyah Free Zone advances rapidly as an essential development catalyst for the UAE economic expansion. The Next Generation Free Zone Hamriyah Free Zone prioritizes investors by using an adaptable management system that remains dynamic to ensure success. As your partner,r Farahat & Co. assists you with company establishment within the Hamriyah free zone.
The Free Zone of Hamriyah Sharjah benefits from prime location in the United Arab Emirates because it enables seamless movement of products throughout airways at sea and land transportation to international destinations. The UAE classifies this industrial area as one of its most recognized. Multiple organizations are finding their place in the thriving UAE economy thanks to Hamriyah’s development. The facility offers port access at 14 meters depth while maintaining 22 million square meters of land. The establishment of businesses within Sharjah free zone business zones has become widely recognized throughout the United Arab Emirates. Many investors visit and decide to register with their companies in the Hamriyah Free Zone since it satisfies the conditions that their company requires.
The following business categories are present in the free zone: commercial, service, and industrial licenses. Companies operating in the Hamriyah Free Zone benefit from organized amenities including a pre-built wheelhouse, harbor, lodging city, etc.
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Advantages of setting up a business in Al Hamriyah Sharjah Freezone
- Completely foreign ownership
- 0% corporate tax if all legal criteria are met
- Simple procedure for setting up a business
- Numerous licenses in a variety of fields, including aviation
- An international airport and three seaports
- Low operational costs and competitive pricing
- Personal and income tax exemption
- Low freight costs and exemption from import/export tariffs
- There are available 25-year leases that are renewable for an additional 25 years.
- A key site for accessing international markets
- Constructed infrastructure
How much does the Hamriyah free zone license cost?
AED 11,000 is the starting license charge for registering a business in the Hamriyah Free Zone. It allows you to apply for a single residence visa. Additionally, you will have to pay around AED 1,000 a year to rent a P.O. box.
The current starting price for warehousing is AED 56,000 for 200 square meters, which includes a 20% first- and second-year discount. You can pay the fee in installments. The license fee, deposit, and other extra charges are not included in this.
HMZA’s most affordable one-year license packages or Sharjah free zone license cost
The Sharjah free zone company setup cost depends on the type of license:
The price for 7-visa Trading/Import/Export/Services license amounts to, AED 31,500.
And for 1-visa Trading/Services license package – AED 11,000
The trading/import/export license allows for up to 10 product categories and 1 to 5 shareholders. A 10-square-meter office space is covered by the license. A firm name board, a business address, and electricity and water bills are all included.
Apart from the license price, further expenses consist of:
- HFZA visa costs
- Rent charges for HFZA
- HFZA Establishment Card Health examination
- Insurance for investors, managers, and employees with Emirates ID
Business operations and licenses for the Hamriyah Free Zone
The Hamriyah Free Zone company formation process has a wide range of commercial activities to choose from, most of which are associated with trade, industry, and logistics. These include:
- Consultancy for insurance
- Designing clothing
- Sports consulting and research
- Consultancy for science and technology
- investment of one’s own funds as well as those of others
Businesses can engage in up to three commercial activities with even the most basic license. The list of business licenses that HFZA supports, together with descriptions of each, is shown in the table below.
Documents Required for the Formation of a Hamriyah Free Zone Company
The prerequisites for setting up a business in the Hamriyah Free Zone include:
- The local government body granted the certificate for the business’s trade name reserve.
- The Hamriyah Free Zone Authority’s initial approval
- Each shareholder’s passport (copy)
- The passport and resume of the appointed manager
- Agreement for the rental of business facilities
- Financial and personal data sheet for the company’s designated manager and shareholders
- A POA that has been notarized and attested designates the legal representative for the establishment of your business.
For a Hamriyah Free Zone Representative Office or Limited Liability Company, the free zone authority requires the following documents:
- Corporate documents (all notarized and attested)
- Company registration certificate (if applicable)
- Board resolution for Hamriyah Free Zone business setup
Support Services Provided in Sharjah’s Hamriyah Free Zone by FAR Consulting Middle East
One of the top Sharjah business setup consultants, Farahat & Co. provides high-quality Sharjah business setup services. We are committed to providing tailored services which include and is not limited to:
- Company registration processing
- Registering a business account with the Ministry of Labor (MOI) in the United Arab Emirates
- Creating a business address
- Processing the criteria for business setup
Contact us today and we shall be glad to assist you.
Following industries you can setup in Hamriyah Free Zone
We covers all the following industries, even if your industry not in list you can consult with us we can help you setup.