HAMRIYAH FREE-ZONE (HFZA), SHARJAH

Sharjah, in the United Arab Emirates, is playing an important role as the pre-eminent industrial base of the UAE, with its unique strategic location between three continents, serving a growing market of 1.5 billion people. Sharjah is the only one of the seven Emirates with ports on the Arabian Gulf’s west coast and east coast with direct access to the Indian Ocean, and an international airport which connects to 230 cities.
Hamriyah Free Zone Authority was established by an Emiri decree issued in November 12, 1995. It is located in Sharjah, United Arab Emirates, which gives the free zone a unique geographic and time zone advantage backed by a secure and fully convertible currency and a multi-access to neighboring and global countries through land, sea and air. Hamriyah Free Zone is fast becoming one of the cornerstones of the United Arab Emirates industrial development. As the Next Generation Free Zone, Hamriyah Free Zone is ensuring that its management is flexible and dynamic besides being an investor oriented free zone.

Hamriyah Free Zone is challenged to provide competitive incentives and unique opportunities to establish a business in a tax free environment, full company ownership, exemptions from all commercial levies and repatriation of capital and profits. The free zone manages an area of approximately twenty two million square meters of prime industrial and commercial land and a 14 meter deep water port which includes room for expansion.

Business incentive:

• 100% Company ownership
• Exemption from all commercial levies
• Repatriation of capital and profits
• Tax free environment

Additional advantages:

• Land lease for 25 years renewed for similar periods
• Availability of 14 meter deep water port & 7 meter deep inner harbor adjacent to it
• Pre-built warehouses and office units for lease
• Exquisitively designed and furnished executive office suits
• On-site accommodation for investor’s personnel including recreation center and health club
• International Business Center with conferencing, internet and telecommunication facilities.
• Highly developed infrastructure, telecommunication links and an access to three sea ports on both coasts in addition to Sharjah International Airport
• Abundant and inexpensive energy
• Liberty for personnel recruitment and economical workforce
• Affordable cost of living.

Types of license’s.
The type of License that will be issued to an applicant company will be defined by the activity the applicant company is permitted by the Hamriyah Free Zone to undertake as follows:

1. Industrial License
This license will allow the holder to import raw materials for the purpose of manufacturing, processing and/or assembly of specified products. The finished products may be exported outside the UAE. If the finished products are sold in the UAE market then the License holder will need to do this through a local distributor or a local agent.

2. Commercial License  -Specific & General Trading
This license will allow the holder to import, export, sell, distribute and store items specified on the license. If the finished products are sold in the UAE market then the License holder will need to do this through a local distributor or a local agent.

3. Service/Professional License
This license allows the holder to carry out the services which are specified on the license within the Hamriyah Free Zone only.