Why to Form a Company in Hamriya Freezone

Hamriya Freezone is UAE’s second largest industrial free zone which is spread across approx. 26 million square meters. It was established in November, 1995 by Emiri Decree No. 6 of 1995. It is having world class facilities including warehouses, plots for factories, offices and executive office suites. Location It is Located in the second largest Emirate in UAE, Sharjah, with an adjacent port and nearby location to Sharjah International Airport and as its situated in the connection of E311(Shk. Mohammad Bin Zayed Road a major road in the United Arab Emirates and E611 (Emirates Road link the Emirate of Abu Dhabi with the northern Emirates of Ras al Khaimah, Umm al Quwain, parallel to E311 without passing through the city of Dubai) it has made a home place for 6500 business from 163 countries specially.

Key benefits of forming company in Hamriya Freezone

• 100% ownership
• Repatriation of capitals and profit
• Access to a 14-meter deep port and 7-meter deep inner harbour
• Strong land, air and sea connectivity
• Renewable long term and short term lease
• Onsite Labour accommodation
• Onsite custom facilities
• Special VAT advantages
• No import, export, re-export and custom duty

The key benefits and the ideal location have inspired to build up an industrial hub with below related activities:-

• Building Materials
• Food Industries (It is having 11 million square feet food park)
• Heavy Industry
• Logistics and Transportation
• Oil and Gas (It is primary hub for oil and gas companies)
• Packaging
• Perfume and cosmetics
• Petrochemical
• Recycling
• Steel (It is home to highest number of steel fabricators in UAE)
• Textile
• Timber
• Marine

Types of Licenses

Hamriya Freezone provides all the three types of licenses with all most all the activities. Mainly they can categorized as mentioned below:-

Commercial

• • Import, export and Trading
  • E-Commerce

Services

• • Business Consultancy
  • Management Consultancy
  • Marketing Consultancy
  • IT Consultancy
  • Design Consultancy
  • HR Consultancy
  • Tourism Consultancy
  • Event Management
  • Health and Fitness Consultancy
  • Sports Consultancy
  • Project Management (Overseas)
  • Marine related activities
  • Investment of Own Resources

Industrial

• Manufacturing
• Processing
• Packaging
• Assembling
• Fabrication

Packages

There are 4 different packages Hamriyah Freezones offers :

HBC offices

Its having 1 visa package with 1 shareholder with 3 product trading or 3 services activities

E-office

Its having 3 different packages which can provide up to 6-7 visa packages with 1-5 shareholders option with 5 product trading or 5 service activities.

Executive office

Its having 5 different packages starting from 15 square meter to 40 square meter executive office depending on the employee requirement and the activity

Warehouse

Its having 3 different options having 276 square meter, 416 square meter and 614 square meter warehouses. All the warehouses comes with the below mentioned facilities:-

• Office
• Pantry
• Toilet
• Car Parking bay

Cost and prices

Hamriyah Freezones runs different offers to ease the startup process. The approx. startup license cost can be seen as mentioned below:-

• HBC package –AED 11000 yearly
• E-Office packages-AED 17000-35000 yearly
• Executive offices-AED 40000-115000 yearly
• Warehouse-Depending on the availability
• Visa cost-Investor Visa-AED 3345 and Employment Visa AED 3300
• Emirates id –AED 370
• Visa Related cost-AED 4500 approx

Hamriyah Freezone has bagged many prestigious awards to earn the confidence for the new entrepreneurs to start the business like UAES FASTEST GROWING BRAND 2018-2019, Best Regional Enterprise &; Manager of the year 2019, Quality Choice Prize 2019, World’s greatest brands and & Leaders Awards for the Asia One World’s Greatest Brands 2017-18 Asia & GCC awards, Uae’s strongest brand in UAE since 2017 for 3 consecutive years, FDI FREEZONE of THE YEAR 2018, BIZZ 2018 Business Excellence Award, Arabian Business Excellence Award 2018, and International Business Excellence award 2017. Hamriyah freezone is also having on-site key business services like banking and auditing firms, currency exchanges, conference rooms, online service, staff accommodation and more.

This blog is written by Ms. Ananya Mukherjee, Business Advisor at Flyingcolour Business Setup, VAT and Accounting Services, Dubai. If you have any question regarding setting up a company in Hamriya Freezone or anywhere across the UAE then please contact us at +971 4 4542366 or email us at info[at]flyingcolour[dot]com. Please Note: This article was published on 8th October, 2020. The information provided in the article is based on the policies and rules applicable at the time of writing it. Talk to one of our consultants for any recent update or change.