The Board’s decision to open a branch in the Hamriyah Free Zone appoints the head of Free Zone Operations to certify a copy of his passport and power of attorney. The reference letter from the Bank on the creditworthiness of the company must be original. Local and international companies must have a license certificate from the Economic Department.
FZE / FZC is a limited liability company. It is a branch of local and foreign companies in the Free Zone, licensed for establishment and registration. Not a natural or legal person, but a company registered under the FZC in the Hamriyah Free Zone.
For example, the business registration fee for Hamriyah FZ companies and the establishment of the Free Zone (FZE) is DHS9,000 (US $2,450). Furthermore, ongoing operating costs are very competitive. There is no corporation tax or income tax in the country. There are no restrictions on repatriating capital or profits to the United States, so the FZ’s structure is a perfect way to book international profits without paying local corporate tax. The requirement for the company to prepare financial statements and file tax returns with the authorities facilitates the administration and registration of the company is cost-effective compared to other UAE free zones, as the correct documentation only takes 24 hours.
Business Setup In Hamriyah Free Zone company registration starts at 11,000 AED plus license fee. On top of that, you also have to rent a post office. The Hamriyah Free Zone can be established within one working day. The warehouse price starts at 85,000 euros (AED) for 300 square meters. The free zone has provisions for applying for a residence visa.
The process of establishing a business in the Hamriyah Free Zone is exactly like any other Free Zone (more or less the same documents are required). Depending on this, you will need to apply for the appropriate license. To start the process, you decide which business you want to do.
It is what most business people are looking for, as it offers a lot at first glance. Here is a list of documents that need to be organized to forward the application to the authorities of the Hamriyah Free Zone. Business start-ups in the free zone are possible and easy with business start-up consultants in the UAE. There is more to consider when deciding to start a business in the hamriyah-free zone.
This zone is ideal for the creation of SMEs, as it complements the quick and easy e-office package. The micro-business zone of HFCs is tailored to the needs of the owners of micro-enterprises. Micro-enterprises are enterprises with fewer than 5 employees, whether family-owned or self-owned. The zone meets the needs of micro-entrepreneurs with convenient, efficient, trouble-free and practical solutions.
Most free zones in the UAE are exclusive to a single economic sector. Hamriyah, however, is one of the free zones that offer business opportunities in several industries. The zone is divided into different zones. These zones offer opportunities for the creation of different types of companies. Another important feature of Hamriiyah is its strategic location in the country.
The Hamriyah Free Zone provides serious business owners and budding entrepreneurs with competitive incentives and unique investment opportunities to locate their businesses in a tax-free oasis with hundreds of percent ownership and repatriation of existing capital and profits. The Hamriya Free Zone is 24 square kilometres in size, with a 14 metre deep harbour and a 7 metre deep inner harbour. According to its own information, the HFZ has a 1.4-metre-deep harbour and 2.2 million square metres of industrial and commercial space.
It is also a hub for skilled workers. The Hamriyah Free Zone is further divided into seven different zones. These zones are called industrial zones and logistics villages. Each of these zones has between one and forty-four plots of industrial land and two hundred and twenty-four storage units.
If you need an office or warehouse at a reasonable price and don’t mind the remote location, the al-Hamriyah Free Zone in Sharjah is your option. Hamriyah is developing into a more customer-friendly zone suitable for both small and large companies.
The Hamriyah Free Zone Authority tries to ensure that its management is flexible, dynamic and investment-oriented for a free zone. Like other free zones, it faces various challenges and takes into account the global presence of Abu Dhabi and Dubai free zones, but it is not in a race.
Furthermore, the availability of offices and warehouses and easy access to Emirates Road (E611) and Sheikh Mohammed bin Zayed Road (E311) facilitate the business environment in the Hamriyah Free Zone. Customers must register on the online portal with a username and password, with a second option of logging in with an Emirates ID and email address.
Here is an overview of the industrial zone in Sharjah. The industrial zone of Sharjah, formerly known as the Al Hamriyah Free Zone, was established in 1995. With more than 6,500 companies from 163 countries, it is based in the United Arab Emirates, the capital of the Emirate of Sharjah.
The Hamriyah Free Zone Authority was established on November 12, 1995 and established by Decree No. 1 of the Emirates. The Free Zone consists of seven sub-zones called the Seven Magnificent Zones within the Free Zone. The seven free zones are named as follows: oil and gas zone, petrochemical zone, building world, woodland, maritime city, steel city and perfume country.
There are five options in the Hamriyah Free Zone. The costs of these options are different and divided into different sub-packages. The HFZ offers different packages depending on the type of company. The cost of starting a business depends on the choice of these packages.