How to Setup Business in Hamriyah Free Zone Authority - HFZA : Setup by Step Guide
HFZA provides investors with an excellent opportunity to establish a business in a free zone environment, offering numerous advantages.
- 100% Foreign Ownership
- Easy Business Setup
- 100% Repatriation of Capital
- Well-developed Infrastructure
Established through an Emiri decree on November 12, 1995, Hamriyah Free Zone (HFZ) is rapidly becoming a cornerstone of industrial development in the United Arab Emirates. As a Next Generation Free Zone, Hamriyah Free Zone is committed to being flexible and dynamic in its management, prioritizing the needs of investors.
Why Company Formation in Hamriyah Free Zone Authority ?
Hamriyah Free Zone Authority was established in 1995 and has quickly become a vital part of the United Arab Emirates' industrial growth. It prioritizes investor-friendly policies, offering competitive incentives and unique opportunities for establishing businesses in the UAE. These benefits include full company ownership, exemptions from all commercial levies, and the ability to repatriate capital and profits. The free zone covers approximately twenty-two million square meters of prime industrial and commercial land, along with a constantly expanding deep-water port.
Hamriyah Free Zone Offers a Range of Facilities for Investors:
- Access to a 14-meter deepwater port and a 7-meter deep inner harbor
- Land leases for 25 years, renewable for an additional 25 years
- Pre-built warehouses, factories, and office units available for lease
- Executive office suites in the International Business Center for lease
- On-site accommodation for investors' personnel, including a recreation center and health club
- Transportation access via road, three seaports, and Sharjah International Airport
- Highly developed infrastructure and robust telecommunications connections
- Abundant and cost-effective energy sources
- Freedom for personnel recruitment and access to an economical workforce
- An affordable cost of living
Types of Businesses in Hamriyah Free Zone, UAE
Industrial License
This license allows the holder to import raw materials for manufacturing, processing, and/or assembling specified products. Finished products may be exported outside the UAE. If selling finished products in the UAE market, the license holder will need to use a local distributor or agent.
Commercial License
This license enables the holder to import, export, sell, distribute, and store items specified on the license. If selling finished products in the UAE market, the license holder will need to use a local distributor or agent.
Service License
This license permits the holder to provide specified services within the Hamriyah Free Zone only.
Benefits of Establishing a Company in Hamriyah Free Zone, UAE
Industrial License Benefits:
- 100% foreign company ownership allowed
- 100% import and export tax exemption
- 100% exemption from all commercial levies
- 100% repatriation of capital and profits allowed
- 25-year leases available, renewable for an additional 25 years
- No personal income tax
- Strategic location for accessing global markets
- Access to the UAE and GCC markets
- Attractive investment incentives
- Abundant and cost-effective energy
- Well-developed infrastructure
- Land available for lease for investor development
- Purpose-built office accommodations, warehousing, and factory units
- Access to three seaports and an international airport
- Favorable low-cost living conditions
- Low labor costs
- Hamryiah company formation
Allowed Business Activities in Hamriyah Free Zone, UAE
Hamriyah Free Zone grants licenses for a wide range of service, commercial trading, industrial, and manufacturing activities. The Free Zone allows any industrial activity as long as it adheres to environmental standards and complies with local regulations.
Looking for a seamless business setup experience? Trust Smart Zones® Dubai to pave the way.
Documents Required to Get a License in Hamriyah Free Zone, UAE
To obtain license in HFZ requires the submission of the following documents:
- Shareholders' passport copies
- Your visa copy, visit visa copy, and UAE Entry page
- Online application signed by the shareholders
- Legal documents signed in front of the free zone authority
- Your passport size photo
- Name and activity approvals
Submitting incorrect documents can lead to immediate rejection. Our consultants at Smart Zones® UAE ensure you have the right documents, avoiding any complications in the process.
Cost of Establishing a Company in Hamriyah Free Zone, UAE
Commencing Hamriyah Free Zone company registration requires a license fee starting from 11,000 AED. This includes the provision for applying for 1 resident visa, and in addition, a P.O. box rental of approximately 1,000 AED per year is required.
Warehousing rates begin at 70,000 AED for 200 sq. meters, with the option to pay the fee in installments. It's important to note that this cost does not cover the license, deposit, and other supplementary fees. You can contact Smart Zones® UAE for a more accurate estimate.
HFZA, established in 1995, is a vital component of the industrial growth in the United Arab Emirates. It emphasizes investor-friendly policies and provides unique opportunities for establishing businesses in the UAE.
Some benefits include 100% foreign company ownership, import/export tax exemption, repatriation of capital and profits, long-term leases, no personal income tax, strategic location, and access to well-developed infrastructure and markets.
Facilities include a deepwater port, inner harbor, land leases, pre-built warehouses, office units, executive suites, on-site accommodation, transportation access, robust telecommunications, and cost-effective energy sources.
Businesses can obtain Industrial, Commercial, or Service licenses, allowing for various activities such as manufacturing, trading, and specified services within the free zone.
Required documents include shareholders' passport copies, visa copies, online application, legal documents signed in front of the free zone authority, passport size photo, and name/activity approvals.
The Free Zone permits a wide range of service, commercial trading, industrial, and manufacturing activities, provided they adhere to environmental standards and local regulations.
The company registration fee starts from 11,000 AED, including one resident visa. Warehousing rates begin at 70,000 AED for 200 sq. meters, with additional fees. It's advisable to contact Smart Zones® UAE for a more accurate estimate.
Submitting incorrect documents can lead to immediate rejection. Consultants at Smart Zones® UAE ensure proper documentation to avoid complications in the process.
Smart Zones® UAE consultants assist in ensuring the right documents are submitted, providing accurate estimates for associated costs, and guiding through the company formation process in Hamriyah Free Zone.
Want to know more, talk to Smart Zones® Dubai advisory team they will be happy to help. Ready to invest in your future?
