Hamriyah Free Zone (HAFZA)

  • Founded in:  1995
  • Location:  Sharjah
  • Time for registration: 7-10 days
  • Types of licenses: trading, service, industrial
  • Types of companies:  a new company, branch, subsidiary
  • Share capital:  minimum share capital is USD 41,096 or AED 150,000 (depositing into bank account is not required).

BRIEF INFORMATION ABOUT HAMRIYAH FREE ZONE (HAFZA)

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.

TYPES OF LEGAL ENTITIES IN HAMRIYAH FREE ZONE

-Free Zone Establishment (FZE) with one shareholder

-Free Zone Company (FZC) with 2 to 5 shareholders

-Branch of a local or international company

BUSINESS LICENSES IN HAMRIYAH FREE ZONE

-Industrial License

-Commercial License

-Service License

PERMITTED BUSINESS ACTIVITIES IN HAMRIYAH FREE ZONE

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

BENEFITS OF COMPANY SETUP IN HAMRIYAH FREE ZONE

-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

REQUIREMENTS FOR COMPANY SETUP IN HAMRIYAH FREE ZONE

-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

RESIDENCE VISA

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

FACTS YOU SHOULD KNOW ABOUT Hamriyah Free Zone (HAFZA)

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COSTS OF BUSINESS SETUP

Hamriyah Free Zone (HAFZA)

 

  • Registration feeAED 9,000 / USD 2,466
  • LicenseAED 3,000 / USD 822
  • Flexi-deskAED 22,000 / USD 6,027
  • TOTALAED 34,000 / USD 9,315
  • *Rent of a flexi-desk makes only the owner of the company eligible for a resident employment visa.

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