Hamriyah Free Zone Authority (HFZA) is an eminent business hub under the governance of the Emirate of Sharjah and proudly standing as the second largest Free Zone in the UAE, following in the footsteps of JAFZA. Since its establishment in 1987, HFZA has experienced rapid growth, and is consistently expanding its dimensions and welcoming a diverse array of companies into its vibrant community. Renowned both nationally and internationally, HFZA hosts representative offices of major corporations, further enhancing its global stature.
Positioned strategically, Sharjah uniquely grants Hamriyah the advantage of access to both the Arabian Gulf and the Gulf of Oman, making Hamriyah Port an exceptionally convenient logistical hub. Moreover, the emirate’s central location within the UAE, interconnected road networks, and accessibility to 230 cities through Sharjah International Airport contribute to HFZA’s unparalleled connectivity and accessibility for businesses aiming to thrive in a dynamic economic landscape.
Unique Features of HFZA
- Due to its advantageous location within the Emirate of Sharjah, HFZA offers businesses easy access to important markets in the Gulf of Oman and the Arabian Gulf.
- With connections to 230 cities, Sharjah International Airport improves the international connectivity of the Hamriyah Free Zone, making it easier to move people and goods.
- The water port at HFZA is 14 meters deep and can handle bulk handling, LPG, two container terminals, two general cargo berths, and dedicated petrochemical operations.
- HFZA provides a selection of industrial plots with sizes starting at 2,500 square meters. Investors can customize these plots to meet their specific needs.
Types of licenses available in HFZA
HFZA offers three types of licenses:
- Trade License
- Service License
- Industrial License
Benefits of setting up a business in HFZA
- 0% corporate tax on Qualifying Income
- 100% foreign ownership
- No currency restrictions
- Availability of warehouses and plots of land
- Own sea port inside of the free zone
- Pre-built warehouse and office units for lease
FAQs
The process of setting up a company in HFZA mainly includes:
- Choose the type of license
- Choose your type of facility
- Choose a company name and structure
- Submit the signed application forms with required documents
- Obtain initial approval
- Obtain commercial registration (CR)
The documents required for company formation in HFZA include but not limited to:
For establishing FZE/ FZC
- Passport and visa copies of all shareholders, directors, and general manager
- Copies of Emirates ID of director, shareholders, and general manager (for UAE residents)
For opening a branch or subsidiary company
- A copy of the parent company’s license
- The parent company’s certificate of incorporation
- Memorandum of Association (MOA) and Articles of Association (AOA)
- Board Resolution
- Passport and visa copies of all shareholders, directors, and general manager
The permitted legal entities in HFZA are:
- Free Zone Establishment (FZE)
- Free Zone Company (FZC)
- Branch of a local company
- Branch of a foreign company
The costs of setting up a company in HFZA will vary depending on the type of license you require and the complexity of your business operations. Contact Gatestone Group for more information via [email protected] or call +971 4 450 1023.
No, you do not need a local partner to set up a company in HFZA. Foreign investors are allowed to own 100% of their businesses in the free zone. For seamless company formation and expert guidance in HFZA, reach out to Gatestone Group today via [email protected] or call +971 4 450 1023.
The process of setting up a company in HFZA can take an average of 2-3 weeks. Empower your business success in HFZA with Gatestone Group’s expertise and unwavering support via [email protected] or call +971 4 450 1023.
If you are establishing an FZE or an FZC, the minimum capital requirement is AED 150,000, but there is no minimum capital required if you are setting up a branch of a foreign or local company. Contact Gatestone Group for more information via [email protected] or call +971 4 450 1023.