Hamriyah Free Zone Sharjah (HAFZA) is located in the emirate of Sharjah.
Apparent advantage of Sharjah is its convenient geographical position. Only Sharjah provides exit to Gulf sea ports (Port Khalid) and access to the Indian Ocean (Khor Fakkan Port.)
Hamriyah Free Zone Sharjah is gradually becoming one of the main industrial development centers of the United Arab Emirates.
It is conventionally divided into 7 zones, which are grouped by various activities. These are zones dedicated to oil and natural gas industry, steel, construction, petrochemicals, timber, perfume manufacturing and shipping.
Clients may benefit from renting a virtual office, a standard office space, a warehouse, a labor camp or a plot of land in Hamriyah Free Zone Sharjah.
-Free Zone Establishment (FZE) with one shareholder
-Free Zone Company (FZC) with 2 to 5 shareholders
-Branch of a local or international company
-Industrial License
-Commercial License
-Service License
The HFZ supports the following both commercial and industrial business activities. The following are the key business sectors:
-Manufacturing and Industrial Production
-Logistics and Warehousing
-Trading and Import/Export
-Maritime and Shipping
-Renewable Energy and Sustainability
-Information Technology and Software Development
-Food Processing and Agribusiness
-Healthcare and Pharmaceuticals
-Consultancy and Professional Services
-E-commerce and Retail
-100% foreign ownership
-Tax benefits
-Cost-Effective
-Investors can open bank accounts locally and internationally
-Complete confidentiality
-No re-export, export or custom duty
-Opportunity to get a residence visa
-Wide choice of warehouses and offices
-Initial approval of the Sharjah Airport Free Zone Authority
-Obtaining a Business License
-Minimum share capital is AED 150,000 ($ 41,096)
-Depositing into a corporate bank account is NOT required
Opening a company in Hamriyah Free Zone entails a resident for a visa opening.
-the visa of the company owner is valid for 3 years
-the visa of a HAFZA company employee is valid for 2 years
minimum share capital requirement amounts to AED 150,000 (USD 41,096). Share capital may be reflected in statuary documents without actual transfer of funds into bank account.
1 year only, as in any other emirate, after which the license needs to be renewed.
It is mandatory to appoint auditors and submit annual audit report at the end of company’s financial year.
Company’s license is due for renewal prior to its expiration date, otherwise, penalties for late renewal apply.
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