What is the Buzz About Hamriyah Free Zone?
Brief History of How it All Started
Hamriyah Free Zone Authority was founded on 12 November 1995 and was established by an Emiri decree.
It has a specific goal as stated on their website: “to be the most cost-effective, efficient and profitable Free Zone in the region with a commitment to excellence leading to the broad-based & sustainable development of highly skilled human resources.”
The Seven Sub Zones of Hamriyah Free Zone
This free zone is composed of seven subzones, being called the Seven Magnificent Zones of Hamriyah Free Zone.
These subzones are named as follows: Oil and Gas Zone, Petrochemical Zone, Construction World, Timber Land, Maritime City, Steel City, and Perfume Land.
Startups, SMEs, branches, entrepreneurs, and even big corporations can find their place in the Hamriyah Free Zone with specific locations for the kind of industry that they belong in. This kind of approach has helped in the rise of the business set up in Hamriyah Free Zone. Because of this, new zones are under development to cater to other companies with different industries to what the free zone already offers. The new subzones are called Industrial Zone and Logistics Village. These will have 144 plots of industrial-zoned land and 224 warehouse units, respectively. This approach is expected to have more investors coming in to conduct a business setup in Hamriyah Free Zone.
What are the Entities that Hamriyah Free Zone Allow?
It does not only have a number of subzones to catering companies with different industries, but it also has a number of entities that can operate in this free zone. Those entities are FZE (single shareholder), FZC (two to five shareholders), the branch of a local company, and A branch of a foreign company.
What are the Types of Licenses that Hamriyah Free Zone Issues?
The Hamriyah Free Zone has three kinds of license that they can issue to companies that want to get started in their location. These licenses are Industrial License (for companies that need to import raw materials for certain products that need to be manufactured, processed, and/or assembled using those materials), Commercial License (for companies that need import, export, sell, distribute, and store items that are only stated on the said license), and Service License (for companies that operate certain services on the license that are allowed by the Hamriyah Free Zone).
Read also: how to start a business in Sharjah?
Benefits that Businessmen Get in Hamriyah Free Zone
Hamriyah Free Zone has a lot to offer to businessmen looking for a place to expand. In one glance, it can be said that it has a geographic and time-zone advantage. It is located in Sharjah, one of the Emirates of the UAE that is blessed with ease of access to other countries may it be through land, sea, or air. Sharjah is well-known for its industrial areas.
Hamriyah Free Zone holds 22 million square meters of land and a 14-meter deep water port. It offers pre-built warehouses and office units that fit the requirements of businessmen in accordance with their industry’s needs. It even has on-site accommodation for a company’s employees.
It has what most businessmen are looking for since it offers a lot in just the first go. There are more to look forward to once one decides to start a business setup in Hamriyah Free Zone.
What Documents Should Be Prepared for a Business Setup in Hamriyah Free Zone?
There is a list of documents that need to be organized before passing an application to the Hamriyah Free Zone Authority. The general papers that an interested businessman should have are as followings:
- Shareholders’ clear passport copies
- Shareholders’ clear visa/proof of entry to the UAE copies
- Passport-sized photos
- Application signed by shareholders
- Company name approval
- Business activity approval
Top Business Setup Consultants in UAE
A company formation in Hamriyah Free Zone is possible to be easy with business setup consultants in UAE. They are the people who will help you with the process and procedure that is needed to be adhered to.
FAR Consultants has a team of business setup consultants in Sharjah UAE that is experienced in this field. Since we have been in the industry for 35 years, we have set up various kinds of businesses and thousands of them as well. We are also capable of providing with you the data and information that you may need in order to be completely sure with your decision of a company formation in Hamriyah Free Zone.
Because we value you, we will ensure that the people that will help you through this are knowledgeable about the matter at hand.
A free consultation with one of our business setup consultants in Dubai is waiting for you with just a phone call. More information about Hamriyah Free Zone will be explained by them to enlighten you more.