How to Get an Industrial License in Hamriyah Free Zone?
Industrial License in the Hamriyah Free Zone
When starting an industrial business in the United Arab Emirates (UAE), people often get confused about where to begin their industrial or manufacturing-related business in the UAE. However, the country has several areas to start your manufacturing business, but Hamriyah Free Zone stands out as the ideal industrial Free Zone in the UAE.
You can also become a part of an industrial hub by starting your industrial company in this popular and lucrative free zone. However, you cannot begin manufacturing or industrial business without an Industrial License. Today, we are going to explore an in-depth guide that will help you acquire an Industrial License in the Hamriyah Free Zone.
Hamriyah Free Zone – Overview
Hamriyah Free Zone (HAFZA) was developed through an Emiri declaration issued on 12 November 1995. This Free Zone has turned into a hub for industrial businesses in the UAE with more than 6500 companies from over 160 countries. Hamriyah Free Zone comes under Sharjah. Sharjah has ports on the Arabian Gulf’s West Coast and East Coast with easy access to the Indian Ocean and the International Airport. All these factors make the Hamriyah Free Zone a perfect location to start your industrial business.
The Hamriyah Free Zone is the second-largest free zone in the United Arab Emirates following the Jebel Ali Free Zone Authority (JAFZA). You can find a wide range of industrial companies, like oil & gas, chemical, marine, steel, construction, and more in the Hamriyah Free Zone.
This free zone is perfectly located on the border of Ajman and Sharjah and has become strong due to an infrastructure and road-building project commissioned by the Free Zone Authority in late 2019, with an AED 94 million project value.
Why should you consider starting your manufacturing business in Hamriyah Free Zone?
By setting up your manufacturing or industrial business in Hamriyaah Free Zone (HAFZA), you can instantly access countless benefits. Its benefits are among the top reasons that people are considering this free zone as an ideal location to start their business. Let us discuss the top benefits of beginning your manufacturing or industry-related business in the Hamriyah Free Zone:
- Fast process of setting up a business: If you want to start your manufacturing or industry-related business as soon as you can, then the Hamriyah Free Zone or HAFZA is the perfect location for you, as this free zone allows you to set up your business in less than 24 hours*.
- Save money: You can also save big by setting up an industrial business in the Hamriyah Free Zone as this Free Zone lets you enjoy freedom from customs duties on imports and exports. In addition, you can also enjoy exemption from income and Corporate Tax in certain cases.
- Complete foreign ownership: If you are a foreigner, you can access the full ownership advantage by setting up your manufacturing business in the Hamriyah Free Zone. It means you can enjoy complete control over your industrial company.
If you want to enjoy these advantages in the Hamriyah Free Zone, you should open your manufacturing or industrial business with an industrial license.
What activities come under the industrial license
You can conduct many activities with the help of an industrial license. However, it is better to understand the activities that fall under this license. The following are the top activities you can perform with this license:
- Manufacturing
- Steel fabrication
- Packaging
- Assembling
- Re-packaging
Documents required to obtain an Industrial License in Hamriyah Free Zone
Indeed, you need an industrial license to begin your industrial business in the Hamriyah Free Zone. However, you also need some documents to get this license. The following is the list of common documents you need to obtain an industrial license in this zone:
Documents for companies with Individual or multiple shareholders
- Passport
- Visit visa
- NOC from the current sponsor
- Proposed company name
- Requested activities
Documents for branch or subsidiaries
- Incorporation certificate
- License of your parent company
- Memorandum of Association (MoA)
- Board Resolution
How to obtain an industrial license in the Hamriyah Free Zone
There are numerous steps you need to follow to acquire an industrial license in the Hamriyah Free Zone. Therefore, let us explore the list of steps you need to follow to get an Industrial License in Hamriyah Free Zone:
- Initially, you should meet the sales department representative and submit the application for your industrial license. Next, the sales officer will create documents like registration applications, lease profiles, name applications, and more. Later, you along with the sales officer must sign the UBO form.
- After signing the UBO form, the Leasing Department will print and approve the lease agreement along with the MoA.
- Next, you must settle all necessary fees with the Finance and Account Department.
- After completing the whole process, the relevant authority will issue the license for your industrial company in the Hamriyah Free Zone.
- Lastly, you will receive a digital copy of all essential documents, like an industrial license, company register, lease agreement, MoA, and AoA, on your registered email address.
How can Flyingcolour Business Setup help you?
Hamriyah Free Zone is one of the most reliable locations to begin your industrial business in the UAE. However, you need an industrial license to kick-start your industrial company in this free zone. As we discussed in this article, you need to perform several steps to acquire an Industrial License in Hamriyah Free Zone. Plus, a single mistake may ruin your chance of getting an industrial license in this free zone. Flyingcolour Business Setup can help you at each step to get this license more effectively. Our experts will prevent you from making any mistakes.
To learn more about get an Industrial License in Hamriyah Free Zone, book a free consultation with one of the Flyingcolour team advisors.
Please note that this article was published on 22/07/2024 by the federal policies and updates at the time of writing. For the latest info please talk to our consultant.
