General Information
Hamriyah Free Zone (HFZ) was established by an Emiri decree issued in November 12, 1995. HFZ is fast becoming one of the cornerstones of the United Arab Emirates industrial development. As the Next Generation Free Zone, Hamriyah Free Zone is ensuring that its management is flexible and dynamic besides being an investor oriented free zone.
Hamriyah Free Zone Authority has taken creation in 1995, fast becoming one of the cornerstones of the United Arab Emirates industrial development. Hamriyah Free Zone is ensuring that its management is flexible and dynamic besides being an investor-oriented free zone, providing competitive incentives and unique opportunities to establish a business in a tax free environment, full company ownership, exemptions from all commercial levies and repatriation of capital and profits. The free zone manages an area of approximately twenty two million square meters of prime industrial and commercial land and a deep-water port, which is constantly expanding.
Hamriyah Free Zone Authority offers an array of facilities for investors:
- Access to 14 meter deep water port and 7 meter deep inner harbor;
- Land lease for 25 years renewed for similar period;
- Pre-built warehouses, factories and office units for lease;
- Executive office suites in the International Business Center for lease;
- On-site accommodation for investors’ personnel including recreation center and health club;
- Transportation via road, 3 sea ports and Sharjah International airport;
- Highly developed infrastructure and telecommunications links;
- Abundant and inexpensive energy (Electricity: $0.05 per KWA, Water: $8.17 per 1000 Gallons);
- Liberty for personnel recruitment and economical workforce;
- Affordable cost of living.
Business licenses types:
- Industrial License
This license will allow the holder to import raw materials for the purpose of manufacturing, processing and/or assembly of specified products. The finished products may be exported outside the UAE. If the finished products are sold in the UAE market then the License holder will need to do this through a local distributor or a local agent.
- Commercial License
This license will allow the holder to import, export, sell, distribute and store items specified on the license. If the finished products are sold in the UAE market then the License holder will need to do this through a local distributor or a local agent.
- Service License
This license allows the holder to carry out the services which are specified on the license within the Hamriyah Free Zone only.
Business benefits within Hamryiah Free zones:
100% Foreign company ownership is 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 a further 25 years
No corporate profits tax No personal income tax
Strategic location to access global markets
Access to the UAE and GCC markets
Attractive investment incentives
Abundant and inexpensive energy
Developed infrastructure
Land for lease for investor development
Purpose built office accommodation, warehousing and factory units
Three seaports and international airport
Favorable low cost living conditions
Low labor costs
Hamryiah company formation:
Incorporating a new company (FZE/FZC)
Establishing a branch. Business setup as branch of a local company or of an international company no capital is required to be deposited with the UAE bank.
