Business setup In HAMRIYA free zone
Are you looking to establish or expand your enterprise in a dynamic and investor-friendly environment? Business setup in Hamriyah Free Zone (HAFZA), located strategically in Sharjah, stands as a premier choice for ambitious companies seeking unparalleled opportunities for growth. As one of the largest and fastest-growing industrial free zones in the UAE, Hamriyah Free Zone Authority (HFZA), established by Emiri decree on November 12, 1995, has rapidly evolved into a cornerstone of the United Arab Emirates’ industrial development. It actively fosters a business-oriented free zone ecosystem, ensuring its management is flexible, dynamic, and meticulously designed to facilitate your success.
HAFZA offers a compelling suite of advantages that attract companies from over 160 nations, housing over 6,500 investors within its expansive industrial and commercial land. These benefits include 100% full foreign company ownership – eliminating the need for any local partner – along with 100% exemption from corporate tax and personal income tax. Investors also enjoy no import, export, or re-export custom duties, coupled with full repatriation of capital and profits. The free zone provides a fast business setup process, low costs, and the option to waive audit reports, making company formation in Hamriyah an incredibly attractive proposition. Located on the UAE’s northern coast, the Hamriyah Free Zone Authority (HFZA) boasts a significant 14-meter deep water port, offering exceptional access to international markets across the Middle East, Africa, and Asia. Businesses in sectors like trade, manufacturing, services, oil & gas, petrochemicals, chemicals, marine, steel, construction, timber, food packaging, and light industries can genuinely thrive within this growing hub, leveraging its unparalleled logistical connectivity. Whether you’re an aspiring entrepreneur seeking a Virtual Office Package or an established enterprise needing vast industrial plots or pre-built warehouses, Hamriyah offers a range of customized solutions tailored to your business requirements, including options at the Hamriyah Business Centre.
How to Set Up a Company In HAMRIYA Freezone?
The company formation process in Hamriyah Free Zone is renowned for its simplicity, flexibility, and cost-effectiveness. With business-friendly regulations and streamlined procedures, entrepreneurs can quickly start operations. This guide outlines the key steps to set up a business in Hamriyah Free Zone and capitalize on its growth opportunities.
Here are the key steps to set up a business in Hamriyah Free Zone
Choose your desired business activity and the corresponding Hamriyah Free Zone license type (e.g., Commercial, Service, Industrial). This crucial initial step ensures your company registration aligns perfectly with your operational goals within this thriving industrial free zone.
Secure your lease agreement for a suitable facility – whether a premium office space, a robust pre-built warehouse, or an expansive industrial plot. Concurrently, register a unique trade name with the Hamriyah Free Zone Authority (HFZA), officially establishing your business presence for your company formation journey.
Obtain a lease agreement for your chosen facility, be it a physical office, pre-built warehouse, or an industrial plot within HFZA. Simultaneously, register a unique trade name with the Free Zone Authority, ensuring compliance with local regulations for your Hamriyah Free Zone company formation journey.
Provide all required documentation, including passport copies of shareholders and managers, along with their relevant visa details (e.g., visit/tourist visa, UAE entry page) or an attested No Objection Letter. A smooth submission ensures efficient processing for your Hamriyah Free Zone company setup.
Upon successful review, apply for your e-licence through the streamlined business setup process. This finalizes your Hamriyah Free Zone business setup and allows you to fully operate, unlocking comprehensive free zone tax benefits and other investor incentives.
The final, pivotal step is to set up a corporate bank account. This is essential for managing your company’s finances, facilitating seamless international trade, and capitalizing on the full repatriation of capital and profits inherent in your Hamriyah Free Zone entity.
Key Benefits of Business Setup In HAMRIYA Freezone
Choosing Hamriyah Free Zone (HAFZA) for your business setup in Sharjah offers a strategic advantage, making it one of the most attractive investment destinations in the UAE. This investor-oriented free zone provides a unique blend of incentives designed to maximize your profitability and operational freedom.
One of Hamriyah Free Zone’s biggest advantages is its commitment to 100% full foreign ownership. Unlike mainland businesses in the UAE, companies in HAFZA don’t need a local sponsor. This empowers international investors to maintain full control over their enterprise, make independent decisions, and enjoy the comprehensive tax-free benefits of the free zone.
Compared to other UAE free zones, Hamriyah Free Zone (HAFZA) offers a remarkably cost-effective business setup. This includes lower registration fees, flexible office options (such as Virtual Office Packages or Executive Office Suites), and minimal overhead costs. These factors make it an ideal environment for startups and small businesses, facilitating company formation without excessive financial burden.
Hamriyah Free Zone (HAFZA) delivers a truly 100% tax-free environment. This comprehensive exemption applies to corporate tax, personal income tax, and even capital gains tax. Businesses can significantly maximize their profits, reduce operating costs, and reinvest capital without any tax burdens, enjoying full repatriation of capital and profits.
Strategically positioned in Sharjah, UAE, Hamriyah Free Zone (HAFZA) boasts unparalleled access to major shipping ports, airports, and global trade routes. Its 14-meter deep water port and access to three seaports, including Sharjah International Airport, coupled with its direct link to the “Sharjah link” corridor, allows businesses to connect seamlessly with markets across the Middle East, Africa, and Asia. This prime location is a significant logistical benefit for companies engaged in import, export, trading, and industrial activities.
Essential Documents for business setup In HAMRIYAH Freezone
A seamless business setup in Hamriyah Free Zone requires careful preparation of essential documents. Our expertise streamlines this process, ensuring your company formation in Hamriyah progresses efficiently under the rules of Hamriyah Free Zone Authority (HFZA).
Cost of Business Setup In HAMRIYAH Freezone
Understanding the cost of business setup in Hamriyah Free Zone is key to your strategic planning. Hamriyah Free Zone (HFZA) offers a truly cost-effective business setup, with company registration starting from just AED 11,000 for basic packages. Your overall investment for company formation in Hamriyah will depend on factors like your chosen license type (Commercial, Service, Industrial), desired facility (office, warehouse, land), and visa quotas for investors and employees. While initial license fees are transparent, consider additional rent costs, visa fees (including Establishment Card), and minor administrative charges like P.O. box rental, ensuring a clear financial roadmap.
Our Business Setup services In HAMRIYAH include:
Beyond just company formation, our comprehensive business setup services in Hamriyah extend to critical operational support, ensuring your enterprise thrives. We offer end-to-end solutions for a seamless presence in the Hamriyah Free Zone.
PO Box registration and mail management
We manage your PO Box registration and mail, ensuring secure correspondence for your Hamriyah Free Zone business.
Annual Support Services Assistance
Receive ongoing annual support for continuous compliance and smooth operations of your Hamriyah Free Zone company.
Document translation and attestation
We provide document translation and attestation, ensuring your paperwork meets UAE government and HFZA requirements.
Document delivery
Our reliable document delivery ensures vital permits and communications reach your Hamriyah Free Zone business efficiently.
Customs code
Expert assistance with customs code and procedures ensures smooth import/export for your Hamriyah Free Zone company.
Courier service
Efficient courier services for documents and parcels maintain the agility of your Hamriyah Free Zone business operations.
VIP Services
We offer premium services to meet your specific needs, ensuring a highly personalized business setup experience in Hamriyah Free Zone.
Extensive Support Services
Providing comprehensive support beyond initial business setup, we assist your Hamriyah Free Zone company with all ongoing requirements.
Car registration renewal
Assisting with car registration renewals ensures smooth operation for your vehicle assets within your Hamriyah Free Zone business
Dedicated Relationship Managers
Benefit from personalized support and guidance from your Dedicated Relationship Manager, simplifying your Hamriyah Free Zone journey.
Bank account opening assistance
We provide expert assistance for opening corporate bank accounts, crucial for managing your Hamriyah Free Zone company's finances effectively.
Visa and Immigration Assistance
Helping with visa applications and immigration procedures, we ensure a hassle-free process for your Hamriyah Free Zone investors and employees.
Frequently Asked Questions about Business Setup In HAMRIYA Freezone
Hamriyah Free Zone (HFZA), located in Sharjah, UAE, is one of the largest and fastest-growing industrial free zones. Established in 1995, it's a premier investment destination offering unique benefits for business setup, contributing significantly to the UAE's economy.
Key benefits include 100% full foreign ownership, 100% tax exemption (corporate, personal income, capital gains), full repatriation of capital and profits, no import/export duties, and a strategic location with access to deep water ports and international markets.
Hamriyah Free Zone offers three main license types: Commercial License (for trading, import/export), Service License (for professional services), and Industrial License (for manufacturing, processing, assembly).
Yes, absolutely. Hamriyah Free Zone is designed for 100% full foreign ownership, meaning international investors can own their companies entirely without the need for a local sponsor or local partner.
No. Hamriyah Free Zone (HFZA) provides a 100% tax-free environment, with full exemptions from corporate tax, personal income tax, and capital gains tax, enhancing profitability for your enterprise.
You can establish a Free Zone Establishment (FZE) with a single shareholder, a Free Zone Company (FZC) with 2-5 shareholders, or register a Branch of an existing local or foreign company.
The business setup process in Hamriyah Free Zone is notably efficient. Basic company registration can be completed in as little as one day if all required documents are submitted promptly and correctly.
HFZA offers a diverse range of world-class facilities, including pre-built warehouses, various office spaces (e.g., Executive Offices, Virtual Offices), and extensive industrial plots for tailor-made development.
Yes, Hamriyah Free Zone companies are eligible for residence visas for investors and employees. The number of visas depends on your license type and chosen facility.
Essential documents typically include passport copies of shareholders/managers, visa copies (or NOC if applicable), a signed online application, and legal documents like a Memorandum of Association.
While a specific "General Trading License" may not exist by name, Hamriyah Free Zone offers a comprehensive Trading/Import/Export license allowing up to 10 product categories, providing broad trading capabilities.
No, not always. Hamriyah Free Zone offers flexible office options, including Virtual Office Packages and Flexi-desk solutions, suitable for entrepreneurs not requiring a dedicated physical space.
Yes, Hamriyah Free Zone provides on-site staff accommodation facilities, supported by amenities like canteens, recreation centers, and health clubs, ensuring an economical and convenient workforce solution.
A basic Hamriyah Free Zone license package for services or trading, typically including one visa quota, starts from a cost-effective AED 11,000, making it accessible for startups.
While HFZA streamlines setup, Hamriyah Free Zone companies must comply with UAE regulations such as Economic Substance Regulations (ESR), Ultimate Beneficial Ownership (UBO), and Anti-Money Laundering/Combatting Financing of Terrorism (AML-CFT). Professional consultants can assist.
