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Hamriyah Free Zone Onshore Company, Sharjah(U.A.E.)

HFZA

Hamriyah Freezone company SetupHamriyah Free Zone is located in Sharjah, the only one of the seven emirates with ports on the Arabian Gulf's west & east coasts with different access to the Indian Ocean. Sharjah offers extensive transportation links to the Gulf States, Indian sub-continents and the emerging markets in Asian & African nations through its three modern seaports and an international airport.

Established in 1995 by an Emiri Decree, Hamriyah Free Zone fosters entrepreneurship and economic development. The Free Zone has been deploying business solutions for international and local investors to access a lucrative market of roughly 1.5 billion consumers within the MENA region.

A recent addition to its SME oriented strategy, Hamriyah Micro Business (MB) Zone is designed to specifically cater to the needs of micro business owners. Whether it's service or manufacturing or trading, Hamriyah MB Zone offers convenient and practical business solutions for micro business owners. All plots in the MB Zone are already leveled, compacted and fenced. These plots are 2,500 sq. meters each.

Over 60,000 people across 5,500 companies representing 136 nations have already choosen HFZ.

Location: Sharjah, (U.A.E.)
Permitted activity: Manufacturing/Trading/Service activities can be carried out
License available: Industrial/Commercial trading/General trading & Service license can be obtained
Types of entities: FZE (single shareholder), FZC (2-5 shareholders) & branch office
Shareholder: Can be individuals or corporate entity
Director: Individuals only (Minimum one. Shareholder can also be Director)
Share capital: No share capital is required for offices. AED 150,000/- for warehouse/land
Audit: Annual audit report to be filled by FZE & FZC. Not required for branch office
Estimated time: 3-5 days for incorporation & setting up a company. Another 7 days for immigration & registration and thereafter visa may take approximately 7-10 days on normal basis
Key benefits:
  • Ownership, Taxation, Repatriation Advantage.
  • 100% foreign ownership.
  • 100% repatriation of capital and profits.
  • No personal income tax.
  • No corporate tax.
  • Leases for 15 years renewable for a further 25 years.
  • Access to a highly developed water port that accommodates dedicated berths for petrochemical / LPG, bulk handling as well as 2 general cargo berths and 2 container terminals.
  • Inner harbor which is an ideal location for ship repairing, dry docking, ship building and various other marine services.
  • Flexible space design with state-of-the-art communication facilities.
  • Highly developed infrastructure and telecommunications links.
  • Abundant and inexpensive energy.
  • Access to abundant and inexpensive workforce.
Renewal: License of the company has to be renewed on annual basis. Penalty would be charged by the authority if license is renewed after expiry date.

The approximate cost for setting up a company in Hamriyah Free Zone is between AED 26,000/- to AED 100,000/- depending upon the type of license and facility selected. Documents required are passport copies of shareholders/directors/manager, project profile, corporate documents, etc depending upon structure of the proposed company.

The GBS team can enlighten and support you in all aspects of incorporating your business in Hamriyah Free Zone. We have years of experience in setting up business' in this industrial hotspot.

Whilst every effort has been made to ensure that the details contained herein are correct and up-to-date, it does not constitute legal, tax or other professional advice. We do not accept any responsibility, legal or otherwise, for any errors or omissions.