Benefits of setting up a Business in Hamriyah Free Zone

Hamriyah Free Zone is a free trade zone in the United Arab Emirates that offers various incentives for businesses, such as tax exemptions and 100% foreign ownership. It attracts a wide range of industries, including manufacturing, logistics, trading, and services.

Want to explore the benefits of setting up a business in freezones? Look no further than the Hamriyah Free Zone (HFZ). As one of the fastest-growing free zones in the country, it offers numerous benefits for businesses looking to establish their presence in the region. In this blog post, we will discuss everything you need to know about the Hamriyah Free Zone, including its overview, business incentives offered, facilities and services available, and available business activities.

We will also highlight some of the key benefits of setting up your business in the HFZ, including unique opportunities for businesses to establish themselves in a tax-free environment with full ownership and repatriation of capital and profits, as well as the incorporation of businesses, import, export, sell, distribute, and store items specified on the license holder’s license. Additionally, the HFZ offers simplified processes for obtaining necessary visas, permits, and licenses, reducing bureaucratic hurdles for businesses and making it the ideal location for the next generation of businesses. The HFZ also provides accommodation for staff, making it a convenient and efficient location for businesses to operate. So if you’re interested in exploring new opportunities and expanding your business, keep reading!

Understanding Hamriyah Free Zone

Strategic for business setup, Hamriyah offers competitive incentives, full company ownership, purpose of manufacturing, logistics, and easy access to the Arabian Gulf and the Indian Ocean.

Overview of Hamriyah Free Zone

Established in November 1995, spanning 22 million square meters, the zone houses over 6,500 businesses across various industries, catering to both local and international opportunities. Proximity to Sharjah International Airport and Hamriyah Port provides easy trade access.

Importance of Business Set-up in The Hamriyah Free Zones

Free zones in the UAE, like Hamriyah, create a competitive business environment and attract international investors with unique incentives for manufacturing and trading opportunities. The free zone authority ensures industrial development and strategic business location.

Business Incentives Offered by Hamriyah Free Zone

Financial benefits in the zone encompass tax exemptions, competitive land lease rates, and currency exchanges. Business owners can acquire various licenses and enjoy full company ownership, bank account setup, and repatriation of capital benefits. The authority provides a strategic location and a business-friendly environment.

Financial Incentives

The Hamriyah authority provides tax exemptions, competitive land lease rates, and currency exchange benefits, fostering a business-friendly environment attracting industries from various domains.

Location Advantages

Strategically located in Sharjah, Hamriyah Free Zone offers easy access to international airports, deep water port, and industrial zone, attracting global business owners seeking a competitive edge.

Regulatory Benefits

The Hamriyah Free Zone authority grants business owners various licenses, a conducive business environment, and opportunities for capital repatriation and currency exchanges.

Facilities and Services in Hamriyah Free Zone

Offering a diverse range of facilities, including industrial land and executive office suites, along with utility services like water, electricity, and gas. The zone also provides attractive business incentives and a strategic location.

Range of Facilities

Business owners benefit from purpose of manufacturing, logistics, direct access to deep water port, food park, currency exchanges, strategic location, competitive incentives, and commercial license opportunities in Hamriyah Free Zone.

Utility Services

Businesses in Hamriyah Free Zone benefit from essential utility services such as water, electricity, gas, and waste management, ensuring a conducive environment for diverse industries. The strategic location and competitive incentives make it a preferred business location.

Banking Facilities

Ensuring convenient financial transactions, Hamriyah Free Zone offers access to international and local banks, currency exchanges, and strategic banking facilities for efficient business operations.

What are the Available Business Activities in the Free Zone?

Exploring a variety of business activities like manufacturing, logistics, and commercial operations fosters a business-friendly environment for growth and development. The authorized operations include trading, industrial, and service businesses, offering competitive incentives and strategic locations.

Permitted Business Activities

With a wide range of business activities, including industrial, commercial, and service operations, the free zone fosters business development and growth opportunities. Competitive incentives and easy access to strategic locations support expansion and growth.

Restrictions on Business Activities

Imposing specific business activity restrictions ensures compliance with local regulations and international standards, fostering business development, growth opportunities, and competitive incentives within Hamriyah Free Zone authority. Easy access to distributors, agents, and strategic locations supports these restrictions.

Key benefits of setting up a business in Hamriyah Freezone

To sum it all up, the Hamriyah freezone offers the following benefits to business owners:

• 100% foreign ownership.
• Tax exemption.
• Access to skilled workforce.
• Strategic location.
• Modern infrastructure.
• Efficient company registration process.

Conclusion

In conclusion, setting up a business in Hamriyah offers numerous benefits, including financial incentives, location advantages, and regulatory benefits. The range of facilities and services available in the free zone, such as utility services and banking facilities, further enhance the business environment. With a wide range of permitted business activities, you have the flexibility to choose the industry that suits your expertise and goals. However, it is important to be aware of any restrictions on certain business activities. Overall, Hamriyah Free Zone provides a conducive and supportive environment for businesses to thrive. If you are looking to establish a successful business in the UAE, Hamriyah Free Zone is definitely worth considering.

ALSO READ: How to setup a Company in Ras Al Khaimah Freezone – RAKEZ

About Arnifi

Arnifi is digital first Corporate service provider helping companies enter the Middle East region, starting with UAE and Saudi Arabia markets. Founded and backed by professionals from Amazon, Souq and other large companies operating in KSA – the team understands what it takes to succeed as a startup in both UAE and Saudi Arabian markets, apart from going through the setup process multiple times. Arnifi will provide a truly digital experience to entry and scale up of companies both UAE and Saudi Arabia. The Arnifi promise is simple, yet revolutionary, use technology and a great team to provide transparency, efficiency and great customer experience in the whole process. Check out at – www.Arnifi.com for more details