The Hamriyah Freezone is located in the Emirate of Sharjah, in the United Arab Emirates. It was established in 1995 and covers an area of 2,590 hectares. The free zone is strategically located on the Arabian Gulf, adjacent to the major seaport of Khor Fakkan.
Business setup in Hamriyah Free zone
The freezone offers a wide range of benefits to businesses, including 100% ownership, 100% exemption from corporate and personal taxes, 100% repatriation of profits, and no restrictions on the currency. In addition, businesses in the free zone can benefit from a number of amenities, such as modern office space, warehouses, and land for industrial development.
Advantages of the Hamriyah Free zone
100 percent foreign ownership
100% of the capital and profits are repatriated
Complete exclusion from import and export taxes
15-year leases that are extendable for another 25 years
Access to a well-developed water port with two container terminals, two general cargo berths, and specialised facilities for bulk handling of petrochemical and LPG.
The inner harbour, which is 7 metres deep and a great place for shipbuilding, dry docking, and other maritime services.
Rentable prefabricated offices, industries, and warehouses
Adaptable spatial planning with cutting-edge communication capabilities.
Abundant and reasonably priced energy
Recruiting options for qualified employees and a competitive workforce.
The Hamriyah Freezone has consistently boosted the UAE’s economy for more than 20 years. In this area, developing small and medium-sized businesses is prioritised heavily. The steps for establishing a business in the Hamriyah Freezone are the same as those in the other free zones and the same paperwork are generally needed.
Conclusion
The Hamriyah freezone is an ideal location for businesses looking to set up in the United Arab Emirates. The free zone offers a wide range of benefits and is strategically located on the Arabian Gulf. There are a wide range of businesses that can be set up in the free zone, including trading, manufacturing, logistics, and construction. If you are looking to set up a business in the UAE, then Hamriyah Freezone is the perfect option for you.
HLB HAMT to Assist!
HLB HAMT is a platform that helps entrepreneurs build up their businesses. Our knowledgeable staff will walk you through the procedure effortlessly. To incorporate in the Hamriyah Freezone, contact us right away.
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