Since its establishment in 1995, the Hamriyah Free Zone has drawn more than 6,500 businesses from about 163 nations. In addition to industrial operations, the Hamriyah Free Zone grants permits to e-commerce and consulting firms. Continue reading to learn more about forming a corporation in the Hamriyah Free Zone.
The Hamriyah Free Zone, one of the biggest industrial zones in the United Arab Emirates, is in Sharjah. Establishing a business in the Hamriyah Free Zone offers a highly favourable atmosphere for industrial operations like packing, assembly, and manufacturing. The infrastructure, permits, infrastructure, and contemporary amenities in the free zone are all in place to support the establishment of industrial enterprises. Furthermore, Sharjah’s rise to prominence as a regional industrial hub is frequently attributed to the Hamriyah free zone.
Business setup advisors in Sharjah advise foreign investors to invest in the Hamriyah Free Zone because of its advantageous location, 100% foreign ownership, simple establishment process, and first-rate amenities, including pre-built office spaces and warehouses.
Why Set Up Business in Hamriyah Free Zone?
Because it is the only emirate with ports on the Arabian Sea and Arabian Gulf coast, Sharjah is a vital link in the global supply chain and has access to international shipping networks. The Hamriyah Port is a hub for exports to foreign markets. The excellent road system in Sharjah, which links the region to Oman, Bahrain, and other places, enhances the area’s great coastal location.
Apart from serving as a centre for oil and gas enterprises, the HFZA Maritime City presents investors with prospects to enhance shipbuilding, repair, offshore fabrication, and other fields. Apart from the robust land, sea, and air connectivity, establishing a business in the region, particularly through the Hamriyah Free Zone Authority (HFZA), offers the following advantages:
- Special VAT benefits
- Full foreign ownership
- Business set up in an hour
- Access to GCC and UAE market
- Renewable long and short-term lease options
What are the Three Types of Licences You Must Obtain for Hamriyah Free Zone Business?
- Industrial License: Holders of this license are permitted to import raw materials for manufacturing, processing, packaging, assembling, and other related uses. They may also work with regional distributors and agencies to sell goods in the UAE market.
- Commercial License: As the license stipulates, holders can import, export, distribute, sell, and store goods. E-commerce, general trading (for up to three or five activities), and specific trading are also included.
- Service License: This license enables holders to provide the services listed exclusively inside the Hamriyah Free Zone.
AIMS UAE Offers the Best Business Setup in Hamriyah Free Zone
The second-largest industrial zone in the United Arab Emirates, Hamriyah Free Zone progressively advances the nation’s economy. The Hamriyah free zone is situated near Sharjah and is a popular destination for investors because of its advantageous location, making it an ideal choice for businesses looking to optimize their logistical operations. Even though forming a company is simple, most business owners choose to work with AIMS UAE, one of Sharjah’s top business setup consultants, to expedite the acceptance of their licenses.
Foreign investors trust AIMS UAE’s business setup services in Sharjah, United Arab Emirates, because experience, expertise, and legal know-how are very important when it comes to company creation. The team of company setup experts at AIMS UAE helps the investors by making the approval process easy with their extensive experience and understanding of free zone rules.
Frequently Asked Question
Here are some of the documents required to set up a business in the Hamriyah free zone -
- Utility bills copy
- Colour passport copy
- NOC from the current sponsor
- Colour copy of UAE residence visa and Emirati ID copy
Here are the steps to set up a business in Hamriyah Free Zone -
- Submit a duly filled form.
- Submit the application.
- Make the payment.
- Collect the trade licence.
Here are the three statutes in the Hamriyah Free Zone -
- Free Zone Establishments with one shareholder
- Branch of a local and international company
- Free Zone Company with 2-5 shareholders
