HAMRIYAH FREE ZONE
Hamriyah Free Zone Authority was established by an Emiri decree issued in November 12, 1995. It is located in Sharjah, United Arab Emirates, which gives the free zone a unique geographic and time zone advantage backed by a secure and fully convertible currency and a multi-access to neighboring and global countries through land, sea and air. Hamriyah Free Zone 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.
BUSINESS IN Hamriyah Free Zone
Hamriyah Free Zone is challenged to provide competitive incentives and unique opportunities to establish businesses in a tax free environment with full company ownership, exemptions from all commercial levies and repatriation of capital and profits. The free zone manages an area of approximately 22 million square meters of prime industrial and commercial land and a 14 meter deep water port which includes scope for expansion.
Location : Hamriyah Free Zone is located in the emirate of Sharjah. Sharjah is the only one of seven emirates with ports on the Arabian Gulf’s west and east coasts with direct access to the Indian Ocean, and an International Airport. Sharjah offers extensive transportation links to the Gulf States, Indian subcontinent and the emerging markets in Asian and African nations. These services are made possible by the “Sharjah link”.
Activities Allowed by the Free Zone : Almost any activity is permitted by HFZ as long as the activity is environmentally friendly and in accordance with local rules. Though it is preferred, companies do not have to add value to their products. Investors can ship goods in and out of HFZ without necessarily adding any value at all.
Facilities for lease (Units & Prices) : Pre-built warehouses, factories and offices are available for investors to take advantage of, and for those who require tailor-made facilities there are industrial plots available for lease. Staff accommodation is also available onsite with a choice of senior or junior suites.
Land for lease – Tailor made development : The strategic plan for future development of HFZ’s prime property envisions the building of a range of industrial plots ranging in size from 5,000 sq. m. and upwards in multiples of 5,000 sq. m. These plots can be developed by investors to suit their exact requirements, and up to 60% of the land that is leased can be developed.
Land Leasing Terms : Although the minimum lease term is five years, investors do have the option of leasing their plot of land for a maximum of 25 years, and then later renewing the same lease for a further 25 years.
Lease rates are normally fixed for the first 5 years with a rent review at the end of this period.
Warehouses, Factories and Office Units : HFZ’s customer-oriented approach allows customers the freedom to develop their factories, office infrastructure, warehouses, and other buildings in a custom fit manner. However, for those investors who require ready-made, immediately available warehousing space.
Hamriyah Free Zone company type
- Free Zone Establishment (FZE) : An FZE is a legal entity incorporated/registered by a single shareholder. The shareholder can either be an individual or a non-individual/corporate.
- Free Zone Company (FZCO) : An FZCO is a legal entity incorporated/registered with a minimum of two shareholders. Shareholders can be either individuals or non-individual(s)/corporate.
Hamriyah Free Zone License type
- Industrial License : Allows the investor to import raw material, manufacture, and process, assemble, package and export the finished product.
- Commercial License : Allows the investor to import, export, distribute, consolidate and store items specified in the license. There is a maximum limit of three similar product lines.
- Service License : Allows the investor to carry out only specified services.
|Hamriyah Free Zone|
|About the free zone||Hamriyah Free Zone focuses to provide competitive incentives and unique opportunities to establish a business in UAE. It is located between the deep water Hamriyah Seaport and a major national highway. The free zone comprises of 7 zones namely Oil and gas zone, Construction world, Petrochemical zone, Maritime city, Timber land, Perfume world and Steel city.|
|Number of companies||5890|
|Industry focus||Suitable for all types of industries|
|Limited liability companies||Yes|
|Minimum number of shareholders required||1|
|Minimum number of directors required||1|
|Corporate shareholders allowed||Yes|
|Corporate directors allowed||No|
|Public register of shareholders and directors||No|
|Access to UAE Double Taxation Treaties||Yes|
|Port at freezone||Hamriyah Sea Port|
|Allowed to import and export goods||Yes|