The Hamriyah Free Zone is a free zone place in the city of Sharjah in the United Arab Emirates. Established by an Emiri decree in November, 1995, the Free Zone is 24 square kilometers in size and has a 14 meter deep port and 7 meter deep inner harbor. Sharjah is the only one emirate, which having ports on the Arabian Gulf’s west coast and east coast with direct access to the Indian Ocean.
Advantages of Hamriyah Free zone Authority
- Land lease for 25 years renewed for similar period
- Availability of a 14 meter deep water port & a 7 meter deep inner harbor nearby to it
- Pre-built warehouses and office units for lease
- Exclusively designed and furnished Executive office suites
- International Business Center with conferencing, internet and telecommunication facilities
- On-site accommodation for investor’s personnel including recreation center and health club
- Highly developed infrastructure, telecommunications links and an access to three sea ports
- Seaports on both coasts in addition to Sharjah International Airport
- Abundant and reasonably priced energy
- Liberty for personnel recruitment and economical workforce
- Affordable cost of living
Types of companies available for registration in Hamriyah Free Zone
– The FZE will have only one shareholder, while the FZC may have up to 5 shareholders;
– one needs a minimum share capital of 150,000 AED in order to set up a FZE.
The Hamriyah Free Zone Authority allows two types of business setups:
Free Zone Establishment (FZE) is a single shareholder limited liability company which can be incorporated in Hamriyah Free Zone. The minimum capital requirement for incorporating a Free Zone Establishment (FZE) is Dhs.150, 000 (Approximately US$ 40,000) (Applicable for Land / Warehouses). This will not be blocked, but can be used for business.
Free Zone Company (FZC) will be a similar incorporation with multiple shareholding (maximum 5 shareholders).
Types of License in Hamriyah Free Zone
This license enables the license holder to import, export, sell, distribute and store licensed products. The licensee will have to do this via a local retailer or a local agent if completed goods are sold in the UAE market.
This license will permit the holder to import raw materials to manufacture, process and/or assemble certain products. The products completed can be exported outside the UAE. The license holder will need to do so via a local retailer or local agent if final goods are sold in the UAE market.
This license allows the holder to carry out the services which are specified on the license within the Hamriyah Free Zone only.