Hamriyah Free Zone (HFZ)

Many expats flock to open a business in a free zone in the UAE due to advantages like 100% ownership and complete tax exemption. Apart from Dubai and Abu Dhabi, business setup in Sharjah free zone is catching the eyes of investors around the globe. Setting up a business in Hamriyah Free Zone in Sharjah is one of the best and cheapest options in the UAE. Hamriyah Free Zone Authority (HFZA) was established by an Emiree Decree in November 1995. HFZA is becoming one of the cornerstones of the United Arab Emirates industrial development. The zone has provided competitive incentives and unique opportunities for investors to establish a business in a tax-free environment. The free zone manages an area of approximately 22 million square meters of prime industrial and commercial land and a 14-meter deep Hamriyah port, which has scope for expansion. Hamriyah Free Zone is playing a prominent role as the pre-eminent industrial base of the UAE, with its unique strategic location between 3 continents, serving a growing market of 1.5 billion people.

Types of Entities in Hamriyah Free Zone

Zones in Hamriyah Free Zone

Key Benefits of Setting Up a Business in Hamriyah Free Zone

Why Set Up in Hamriyah Free Zone?

Hamriyah Free Zone Authority is continually trying to ensure that its management is flexible and dynamic, besides being an investment-oriented free zone. Like any other free zone, Hamriyah too goes through different challenges, but taking into consideration the global presence of Abu Dhabi and Dubai free zones, Hamriyah Free Zone in Sharjah is not behind in the race.  It has invited many investors to its location for business setup.

The below list illustrates why investors are keen on establishing their company in this place.

1. 100% Foreign Ownership

There are places in the UAE where you need to have a local sponsor to start a business. Also, the local sponsor shall own 51% of the shares in the company. But in free zones, there is no such problem. An expat can have 100% ownership of his/her company.

2. Location

As mentioned before, Hamriyah enjoys a strategic geographic location by being accessible via land, sea, and air. Many investors find this beneficial, hence a good number of international companies situated in the free zone.

3. Tax Exemption

Another benefit of setting up business in Hamriyah Free Zone is tax exemption. Even if the value-added tax (VAT) has already been implemented in the country for some goods and services, corporate and income taxes are still not required to be paid to the government.

Contact us to set up your business in Hamriyah Free Zone, our team will be glad to assist you!

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