Hamriyah Free Zone (HFZ)
Types of Entities in Hamriyah Free Zone
Zones in Hamriyah Free Zone
Key Benefits of Setting Up a Business in Hamriyah Free Zone
Why Set Up in Hamriyah Free Zone?
Hamriyah Free Zone Authority is continually trying to ensure that its management is flexible and dynamic, besides being an investment-oriented free zone. Like any other free zone, Hamriyah too goes through different challenges, but taking into consideration the global presence of Abu Dhabi and Dubai free zones, Hamriyah Free Zone in Sharjah is not behind in the race. It has invited many investors to its location for business setup.
The below list illustrates why investors are keen on establishing their company in this place.
1. 100% Foreign Ownership
There are places in the UAE where you need to have a local sponsor to start a business. Also, the local sponsor shall own 51% of the shares in the company. But in free zones, there is no such problem. An expat can have 100% ownership of his/her company.
As mentioned before, Hamriyah enjoys a strategic geographic location by being accessible via land, sea, and air. Many investors find this beneficial, hence a good number of international companies situated in the free zone.
3. Tax Exemption
Another benefit of setting up business in Hamriyah Free Zone is tax exemption. Even if the value-added tax (VAT) has already been implemented in the country for some goods and services, corporate and income taxes are still not required to be paid to the government.
Contact us to set up your business in Hamriyah Free Zone, our team will be glad to assist you!
UAE Corporate Services