Hamriyah Free Zone
Hamriyah Free Zone Authority, Sharjah
Description
Hamriyah Free Zone is a strategic industrial and commercial hub in Sharjah, providing businesses with modern infrastructure, tax incentives, and access to regional and global markets.
| Emirate | Sharjah |
| Website | https://hfza.ae/ |
| Contact Email | info@hfza.ae |
| Contact Info |
Phone: +971 6 526 3333
Address: P.O. Box 1377, Sharjah, UAE
|
| Year Established | 1995 |
| License Types | Commercial License, General Trading License, E-Commerce License, Service License, Industrial License |
| License Cost | License fees typically range from AED 10,000 to AED 15,000, depending on the license type and business activity. |
| Formation Cost | Formation costs vary based on the chosen business package and facilities. |
| Minimum Capital Requirement | No minimum share capital requirement. |
| Allowed Business Activities | Trading, Manufacturing, Services, E-Commerce, Logistics, Oil & Gas |
| Company Legal Structures | Free Zone Establishment (FZE), Free Zone Company (FZC), Branch of a Local or Foreign Company |
| Restricted Activities | Activities conflicting with UAE laws and Islamic morals |
| Investor Visa Cost | A residency visa costs approximately AED 3,000 to AED 5,000, including medical tests and Emirates ID issuance. |
| Employee Visa Cost | Employee visa costs vary based on the company's requirements and the number of visas. |
| Processing Time (Days) | Company formation can be completed in one working day; warehousing registration may take longer due to additional approvals. |
| Physical Office Required | Yes |
| Office Space Options | Offices, Warehouses, Industrial Land |
| Office Space Cost | Office space costs depend on the type and size of the facility chosen. |
| Virtual Office Available | No |
| Bank Account Assistance | Yes |
| Bank Account Cost | Assistance with bank account opening is provided; costs vary by bank and account type. |
| Partner Banks | Emirates NBD, Mashreq Bank, RAKBANK |
| Governing Laws | Subject to UAE federal laws and regulations. |
| VAT Registration Required | Yes |
| Corporate Tax Applicable | No |
| Annual Audit Required | Yes |
| Renewal Fees | Renewal fees vary based on the license type and business activities. |
| Business Restrictions | Prohibited from engaging in activities outside the scope of licensed operations. |
| Ownership Structure | 100% foreign ownership allowed. |
| Import/Export Restrictions | No No restrictions; businesses benefit from 100% import and export tax exemption. |
| Benefits | Strategic location with access to three seaports, Cost-effective utilities, Modern infrastructure and facilities, No currency restrictions, 100% repatriation of capital and profits |
| Drawbacks | Physical office space is mandatory; no virtual office options. |
| Specific Compliance Requirements | Compliance with UAE labor laws, Adherence to HFZ regulations and guidelines |
