Sharjah Freezone Business Setup
In 12 November 1995, Hamriyah Free Zone Authority was established by an Emiri decree. Its aim, as stated in their website, is “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.”
There are seven sub-zones that composed Hamriyah Free Zone, Sharjah. These are called 7 Magnificent Zones. They are as follows: Oil and Gas Zone, Petrochemical Zone, Steel City, Construction World, Timber Land, Maritime City, and Perfume Land. A lot of SMEs are attracted to this kind of approach, hence the good number of Hamriyah Free Zone companies registered. This is also why there are a number of oil and gas companies in Hamriyah Free Zone because there is a specific place dedicated to only them. This kind of approach has definitely helped in upping the demand for Sharjah Free Zone company setup even more. There are still new zones that are under development; they are called Industrial Zone and Logistics Village that will have 144 plots of industrially zoned land and 224 warehouse units, respectively. These are expected to pull in more investors to carry out their Sharjah free zone company setup in these zones.
Hamriyah Free Zone Sharjah has geographic and time zone advantage as it is located in one of the Emirates of the UAE that has easy access to other countries through land, sea, and air. It is one of the known industrial areas of the UAE. It has been attracting commercial organizations that add to the soaring economy of the UAE. It is holding 22 million square meters of land and a 14-meter deep water port. Because of this, Sharjah free zone company formation is known in the UAE. A lot of investors come and choose the place to go through Hamriyah Free Zone company registration as it meets the requirements that their organization needs.
The business types that are operating inside the free zone are as follows: Industrial License, Commercial License, and Service License. The Hamriyah Free Zone companies are enjoying structured facilities, such as pre-build wheelhouse, harbour, accommodation city, etc.
Hamriyah Free Zone Company registration, like any other free zones, has its own procedures on how to process documents. Once you decide that you want to carry out Hamriyah Free Zone business setup, it is advisable to reach the help of business consultants. Most, if not all, of the Sharjah Free Zone companies are these people will provide you the information that you need. By letting you know the Sharjah free zone license cost, they will help you be prepared for the financial side of things. It is beneficial for your side if you are aware of the Hamriyah Free Zone business setup cost so that you can plan a budget from the formation of the organization until its first few months or to a year of operation. Another advantage of having a consultant on your side is that you can pose Sharjah trade license inquiry and everything you want to know about it. And one of the benefits, of course, is they will be the one to go to the concerned departments, like Sharjah Economic Department. With the right people on your side, you can simply wait and be ensured that everything is done properly and in the correct manner.
Suitable for Industries
Following industries you can setup in Hamriyah Free Zone
We covers all the following industries, even if your industry not in list you can consult with us we can help you setup.
Benefits / Advantages
Benefits of Business Setup in Hamriyah Free Zone (Sharjah)
For more than two decades, Hamriyah Free Zone has been continuously being a great help to the economy of UAE. It has invited many investors to its location to have a Sharjah free zone business setup.
The following additional benefits are listed below for you to see:
- 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
- Favourable low-cost living conditions
- Low labour costs
- 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
Business Setup Requirements & Procedure
Documents Required for Hamriyah Free Zone Company Formation
Basic requirements for Hamriyah Free Zone business setup:
- Certificate for reservation of business’ trade name issued by local government authority
- Initial Approval from Hamriyah Free Zone Authority
- Passport of each shareholder (copy)
- Appointed manager’s resume and passport
- Business facility rental agreement
- Personal and financial information sheet – for shareholders and business’ appointed manager
- A notarized and attested POA to appoint your company’s legal representative for business setup
For a Hamriyah Free Zone Representative Office or Limited Liability Company, the free zone authority requires the furnishing of the following documents:
- Corporate documents (all notarized and attested)
- ompany registration certificate (if applicable)
- oard resolution for Hamriyah Free Zone business setup
The procedure of processing your Hamriyah Free Zone company setup will range from 2 to 4 weeks.
Our Services Covers
Support Services Offered in Hamriyah Free Zone (Sharjah)
FAR Consulting Middle East is one of the leading Sharjah business setup consultants that offer quality business setup services in Sharjah. We will ensure that you have all your questions answered, such as business setup cost in Sharjah and any follow-up questions you have about your Sharjah trade license inquiry.
Our solutions for Hamriyah Free Zone business setup include:
- Processing of company registration
- Opening of account (business) from UAE Ministry of Labor
- Ministry of Interior (MOI) account opening
- Establishing business address
- Processing of business setup requirements
We also advise our clients on the appropriate type of legal entity to register in Hamriyah Free Zone. Call us today!
Hamriyah Free Zone Company Formation Cost
Hamriyah Free Zone provides a competitive advantage to investors by offering reasonable prices as well as suitable facilities for company formation. Farahat & Co has a team of proficient business setup consultants that can assist in Hamriyah free zone business setup. The fee table below explains the estimated Hamriyah free zone company formation cost. Please do not hesitate to contact us for more information on business setup in Sharjah Free Zones.
Cost for Business setup in Cost in Fees of Hamriyah Free Zone
|Business Registration and Licensing Cost||Fees|
|Incorporation Fee||AED 9,000.00|
|Refundable Deposit on Registration||AED 5,000.00|
|Yearly Service Fee||AED 5,000.00|
|Knowledge Fee & Innovation Fee||AED 20.00|
|Cost by Trade Licence Type (Select one of the following)|
|General Trading (Starting from)||AED 12,000.00|
|Industrial License Fee||AED 3,500.00|
|E-Commerce License||AED 12,000.00|
|Commercial/Service License – (Starting From)||AED 11,000.00|
|Investment of Own Financial Resources License Fee||AED 35,000.00|
|Additional Fees for Business Registration|
|Chamber of Commerce Fees||AED 1,800.00|
|E – Channel Registration||AED 2,200.00|
|E – Channel Refundable Deposit||AED 5,000.00|
|Security approval for Establishment Card||AED 150.00|
|Establishment Card||AED 2,000.00|
|Visa Processing Cost|
|Emirates ID application||AED 400.00|
|Medical Test||AED 400.00|
|Employment/Residence Visa (Select one of the following)|
|Investor/ Partner/ Employment / Residence Visa – In Country, Normal process||AED 3,500.00|
|Investor/ Partner / Employment / Residence Visa – Out of the Country, Normal Process||AED 3,500.00|
|Postal Services Cost|
|New P.O. Box, Normal Process||AED 1,000.00|