Opening a company in Hamriyah Free Zone (HAFZA)

Opening a company in Hamriyah Free Zone (HAFZA) - Makebiz

Hamriyah Free Zone was established in 1995 and is located in Sharjah. It offers investors the opportunity to open a company in one of six different sectors. Each sector is equipped with a range of solutions that include office space, warehouses and industrial sites, supported by attractive packages and simplified procedures. The LEZ is particularly notable for the absence of customs duties, fixed land lease rates for the first 10 years and 24-hour security. 

Let us list the proposed sectors:

  • Industrial and Manufacturing Park — 30 million square metres of infrastructure designed to support the steel, wood, telecommunications and household industries.
  • The Global Logistics Park is an integral part of the global supply chain with excellent delivery networks around the world. Entrepreneurs can take advantage of three world-class seaports as well as an international airport that receives an average of 153 flights from 85 countries per day. Freesonia is also renowned for its excellent telecommunications links and customs procedures for the efficient movement of goods. All of this allows access to competitive markets in the MENA region and beyond.
  • Oil and Gas. A dedicated area of 4.6 million square metres offers many integrated solutions for upstream, midstream and downstream projects. HAFZA is the second largest petrochemical centre in the UAE, with easy access to major markets and a range of professional services designed to help your business maximise its potential.
  • The Accelerator Centre specialises in working with SMEs in key sectors, providing invaluable support and expertise every step of the way.
  • The maritime industry means access to a 14 metre deep port, a 7 metre deep inner harbour and an integrated maritime zone, including land. The LEZ offers different licence options for activities including drilling rigs and shipbuilding, ship repair, ship conversion, offshore fabrication and ship recycling.
  • The restaurant park is designed specifically for food manufacturing, storage and packaging businesses with 11 million square feet of space. It provides food safety training and facilitates interaction with regulatory agencies.

The process of registering a company on the freezone is quite simple. Having decided on the activities for the licence, you need to pick a business name for the future organisation and enter into a lease agreement for an office, warehouse or land. Keep in mind that some licences require external approvals from regulatory authorities. Once these have been verified, the company can operate and apply for a corporate account. 

Investing in a business in the UAE entitles you to a resident visa. This requires a medical examination and biometrics procedure. 

Hamriyah Free Zone is a business centre located close to major trade routes, with a highly developed infrastructure, low rents and fast registration procedures. Doing business here offers great opportunities and can be extremely promising and lucrative. Book a free consultation with a Makebiz lawyer and find out how to start a company in Hamriyah Free Zone.

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