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Hamriyah Free Zone

Hamriyah Free Zone (HFZA): A Premier Business Hub in the Dubai (UAE) Introduction-

Hamriyah Free Zone (HFZA), the United Arab Emirates (UAE) has solidified its position as a international business hub, attracting investors from around the global with its favorable business climate and strategic destination location. Among the many free zones that dot the UAE’s landscape, HFZA (Hamriyah Free Zone) Free Zone stands out as an especially attractive destination for investors. Established by an Emiree Decree in November 1995, Hamriyah has played a crucial role in the UAE’s industrial expansion and economic growth and development. BFS Corporate

Hamriyah Free Zone
Hamriyah Free Zone

A Strategic Location for Global Trade: -

One of HFZA’s most significant advantages is its strategic location. Situated in Sharjah, the free zone benefits from its position between three major continents—Asia, Europe, and Africa. This geographic advantage provides unparalleled access to a market of approximately 1.5 billion people. The proximity to major international trade routes and the presence of the Hamriyah Port, with a depth of 14 meters, ensure that businesses operating within HFZA can efficiently engage in global trade and logistics.

The free zone’s location is not only advantageous for shipping and logistics but also places businesses at the heart of a rapidly growing consumer market. This makes HFZA an ideal base for companies looking to expand their reach into new markets and tap into emerging economic opportunities.

Foreign Ownership | Total Tax Exemption | No Import or Export Duties-

  1. HFZA is renowned for offering a comprehensive range of incentives designed to support and facilitate business growth. These incentives make it an attractive option for both new and established businesses:
  2. Unlike many other jurisdictions where foreign investors are required to have a local partner, HFZA allows for confirmation foreign ownership of businesses. This means investors can retain complete control over their operations without the need for a local sponsor or partner.
  3. Businesses operating within HFZA benefit from total tax exemptions. More information corporate and personal income taxes, VAT, and other taxes. The lack of taxation on business activities significantly reduces operational costs and enhances profitability.
  4. HFZA offers exemptions from customs duties on imports and exports. This incentive further reduces operational expenses and simplifies the process of trading goods across borders.
  5. These incentives are part of HFZA’s broader strategy to attract foreign investment and foster industrial growth. By creating a business-friendly environment, HFZA aims to support the success and expansion of enterprises within the free zone.

State-of-the-Art Infrastructure: Hamriyah Port | Industrial and Commercial Property | Modern Facilities and Technology | Business Support Services

  1. Hamriyah Free Zone infrastructure is designed to support a wide range of industries and business activities. Key features include:
  2. The port, with its 14-meter depth, is capable of accommodating large cargo ships. This deep-water port is a critical asset for businesses engaged in international trade, providing efficient and cost-effective shipping options.
  3. HFZA manages approximately 22 million square meters of industrial and commercial property. This expansive space is available for businesses to set up operations, expand, and grow. The property includes state-of-the-art facilities, modern warehouses, and well-planned industrial zones.
  4. The free zone is equipped with cutting-edge technology and infrastructure designed to meet the needs of various sectors, including manufacturing, logistics, and trading. Businesses benefit from high-quality facilities and support services that enhance operational efficiency and productivity.
  5. HFZA offers a range of support services to assist businesses in their operations. These services include administrative support, legal and compliance assistance, and networking opportunities, helping businesses navigate the regulatory environment and connect with key industry players.

A Hub of Opportunity and Growth: Business Networking| Entrepreneurial Ecosystem | Support for Innovation-

  1. As a leading industrial base, HFZA plays a significant role in the UAE’s economic development. The free zone’s dynamic environment is designed to support innovation, entrepreneurship, and business growth. Key aspects include:
  2. HFZA is committed to fostering a culture of innovation and technological advancement. The free zone provides businesses with access to research and development facilities, technology hubs, and innovation centers, encouraging the development of new products and services.
  3. HFZA offers a supportive ecosystem for entrepreneurs, including access to mentorship, funding opportunities, and business development resources. The free zone’s commitment to nurturing startups and small businesses contributes to a vibrant and diverse business community.
  4. The free zone regularly hosts networking events, industry conferences, and trade shows, providing businesses with opportunities to connect with potential clients, partners, and investors. These networking opportunities are valuable for expanding business relationships and exploring new market opportunities.

Cost Considerations for Business Setup: Visa Costs | Company Setup Cost | Company Registration | Hamriyah Free Zone License Cost:

  1. When considering setting up a business in HFZA, it is important to understand the associated costs. These can include:
  2. The cost of obtaining a business license in HFZA varies depending on the type of business activity and the size of the company. Different license categories are available, including trading, industrial, and service licenses, each with its own cost structure.
  3. The process of company registration involves several steps, including document submission, approval, and payment of registration fees. The cost of registration can vary based on the complexity of the business structure and the type of license required.
  4. Initial setup costs include expenses for office space, equipment, and other infrastructure needs. HFZA offers a range of office solutions, from virtual offices to fully equipped commercial spaces, allowing businesses to choose an option that fits their requirements and budget.
  5. Companies in HFZA need to obtain business and residency visas for their employees and owners. The cost of visas can vary depending on the number of individuals and the type of visa required. HFZA provides visa services and support to streamline the process.

Notable Companies and Industries: Specialty Companies| Manufacturing | Oil and Gas-

  1. HFZA is home to a diverse range of companies across various industries. Notable companies and sectors include:
  2. The free zone hosts several prominent oil and gas companies, including Descon Hamriyah Free Zone and Lamprell Energy Ltd. These companies benefit from HFZA’s infrastructure and incentives to support their operations in the energy sector.
  3. HFZA is a hub for manufacturing companies, including steel fabrication and other industrial firms. The free zone’s facilities and resources support the production and export of manufactured goods. HFZA also accommodates specialized companies such as Swiss Perfumes, which benefit from the free zone’s business-friendly environment and strategic location.