Hamriyah Free Zone (HFZA) Business Setup
Introduction to Company Formation in Hamriyah Free Zone Authority
If you are looking for company formation in Hamriyah Free Zone (HFZA), this guide is has everything you need to know. From various advantages to complete the company formation process, we strived to provide all answers to you. The HFZA has several advantages, as it is one of the oldest and most prominent free zones in the UAE, which we will explain to you in the blog.
The twenty-four square kilometer-long HFZA free zone is well-connected with the rest of the world through land, sea, and air. By business setup in Hamriyah, you get access to the global sea routes through its 14-meter deep port. Therefore, it’s one of the top choices when you wish to start an export-import business in the UAE market.
The Hamriyah company formation is also a favorable choice for many businesses due to its world-class infrastructure. There are state-of-the-art offices, large warehouses, well-designed factories, and great transportation facilities.
Speaking of transportation facilities, the Hamriyah Free Zone, located in Sharjah, has direct roads to all other six emirates. Besides that, it is located in the only emirate that has connectivity through both: the Arabian Gulf and the Gulf of Oman.
There are four main pillars that define HFZA’s culture:
- Convenience
- Collaboration
- Connectivity
- Commerce
HFZA focuses on providing benefits to businesses that function here based on these four pillars. That’s the reason why it has become the home of more than 6,500 businesses.
Suitable Business Activities for Business Setup in Hamriyah Free Zone
Out of all activities, there are certain business activities getting exclusive benefits due to Hamriyah's strategic location and business-friendly environment. Let's check out each business activity one by one:
1) Oil and Gas:
Hamriyah Free Zone has the world's seventh-largest crude oil reserve and UAE's second-largest petrochemical hub. Therefore, by the business setup in Hamriyah, you get easy access to raw materials as well as the market, letting the business make the most out of the free zone.
2) Food Park (Food and Beverages Industry):
Hamriyah Free Zone is the best place to start a food production business as it has dedicated space for product, storage, and packaging of food. Besides that, the HFZA also provides food quality training, consulting, and certification services.
3) Industrial Manufacturing Park (Manufacturing):
Large warehouses and pre-built factories allow manufacturing businesses to get started in no time. Manufacturing company formation in Hamriyah free zone is supported by the highest number of steel fabricators in the region.
4) Maritime Industry:
With world-class port and harbor, and plots that have convenient access to the seashore, business setup in Hamriyah for the maritime industry is one of the most preferable options. The authority also supports by providing best-in-class tools, infrastructure, and services.
5) Logistics Park:
As we already discussed, Hamriyah company formation has benefitted from global connectivity that makes it easy for businesses to connect with customers. Additionally, the customs procedures are made business-friendly and efficient to allow fast movement of goods.
Facilities You Get With Hamriyah Company Formation
There are many exclusive facilities that you get by company formation in Hamriyah free zone (HFZA) and nowhere else. That's because the free zone authority strives to handle all the requirements efficiently. There's even an on-site dedicated personnel who takes care needs of every business.
Check out some of the facilities below:
• High-class VIP longue for investors
• Customs office
• Facility for currency exchange
• Banks
• Regular public transport
• Recreational centers for workers with numerous facilities
• Supermarkets
• Inexpensive accommodation for labourers and
• Sharjah civil defence
• Pre-built factories that you can get on lease
• Power and water management
• Land on lease for 25 years
• Flexi visa quota
• High-speed Internet
Start a Global Level Comapny With Hamriyah's Several Benefits and Facilities
Benefits of Company Formation in Hamriyah Free Zone:
There are several reasons to why HFZA holds the great business impression today. They are stated below-
• Allowance of Complete foreign ownership
• Free from import and export taxes
• Complete repatriation of profits and capital
• Access to the global market
• Energy available in abundance
• Business-friendly locations
• Brilliant infrastructure
• Lower labor costs
• Linked with international airports and seaports
• Free from corporate and income taxes
• Great investment incentives
Type of Licenses for Business Setup in Hamriyah Free Zone:
There are 3 major business licenses in Hamriyah Free Zone. They are-
i) Commercial License- A commercial license is a gateway towards trade. It can be import of goods, export, trade, distribution and more.
ii) Industrial License- An industrial license is a gateway to industrial help in business. Raw material for manufacturing or specified products can be imported with the help of this license.
iii) Service License- A service license is a gateway to carry out the services a business firm or an individual wants to offer.
Types of Packages for Company Formation in Hamriyah Free Zone
There are a total of ten different packages segmented under four different business types. Let's explore each business type and the packages associated with it.
1) Start-Up Business
There's only one package available for start businesses. If you are an individual who doesn't require a designated area, then a start-up business package is suitable for you.
2) Smart Business
There are four packages under the smart business category. All the packages offer a 10 sqm area. However, you can select the suitable package as per the number of shareholders, visa required, and activities.
3) Standard Business
In the case of standard category businesses, the maximum number of shareholders remains the same (Five) for all the packages. However, with different packages, the area allocated, the number of activities, and visas increase.
4) Supreme Business
The maximum allocated area for standard business is 20 sqm. If your company formation in Hamriyah free zone requires more area, go for supreme business. The number of shareholders and activities remain the same as standard business packages, but the area and number of visas increase.
The Complete Process for Company Formation in Hamriyah Free Zone
For Hamriyah Free Zone company formation, first, you need to select a license type as per your business activity. As mentioned in the license types, you can either go for commercial, industrial, or service license types.
After selecting the license type, you need to choose the legal structure of the company. Hamriyah free zone offers three types of company structures:
- Free Zone Establishment
- Free Zone Company
- Branch or Subsidiary Company
Now, as you have selected the license and company’s legal structure, it’s the type to choose the facility:
- office,
- warehouse, or
- industrial land.
HFZA offers several packages for offices, which we mentioned in the previous section. If you select warehouse facility for HFZA company formation, it’s available in three different sizes:
- 200 sqm
- 400 sqm
- 600 sqm
For industrial land, there are different sizes available, starting from 2,500 sqm. You can get the land for a 25-year lease and build your own infrastructure on 60% of the area.
You have to submit all the above-mentioned information in the application form, and then the HFZA executive will contact you.
Rather than you doing the complete application process yourself, we can handle the entire company formation in Hamriyah free zone for you.
You can have a discussion with our company formation expert. Based on the discussion, our expert will select the facility, fill out the application, communicate with their team, arrange the documents, and perform the entire setup process.
After filling the application and arranging the documents, you are good to go and start your business right away.
Start Your Business in Hamriyah Without Wait!
Documents Required for Business Setup in HZFA
After you fill out the application, you'll need to submit the documents before obtaining the license. Check out the list of those documents here:
1) Passport copy for manager
2) Passport copy of shareholder(s)
3) Passport copy of director(s)
4) Visa copy for manager
5) Visa copy of shareholder(s)
6) Visa copy of director(s)
7) NOC from the current sponsor
8) License copy of the parent company
9) Certificate of incorporation of the parent company
10) Memorandum of Association
11) Board resolution approving the company formation
Business Setup HQ's Hamriyah Company Formation Services
As we mentioned before, you can either perform company formation in Hamriyah free zone by yourself or have the right agent by your side. The benefit of appointing a business setup HQ for company formation is its years of experience with HFZA business setup.
When you have us by your side, you won't need to face the hassle of starting your company, as we will do that for you. Therefore, you'll be able to focus on core business processes. Besides that, you'll not need to worry about the application rejection. As we have helped several companies in starting their company in HZFA, we can ensure your company formation as well.
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Hamriyah Free Zone Authority (HFZA) : FAQs
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