Jan 09, 2021 
VAT
Business Setup in HFZA or Hamriyah Free Zone Authority
The Hamriyah Free Zone in Sharjah ,United Arab Emirates is established in November, 1995 by an Emiri decree. It is the industrial hub of Sharjah emirate.
Types of companies approved by HFZA:
HFZA approves two types of entities:
- A Free zone establishment:It will have a single shareholder with a minimum capital requirement of AED 150,000
- A Free zone company: It may have upto a maximum of 5 shareholders
- Branch: A branch of a local or an international company
- Commercial license
- Service license
- Industrial license
- Application form
- Company name approval
- Business activity approval
- Business plan
- CV and passport copy of shareholder and manager
- No objection letter from the sponsor, if it is a UAE based company
- World class infrastructure
- 100% foreign company ownership and 100% repatriation of capital and profits
- 100% Import and Export tax exemption
- No corporate tax, income tax.
- 25 year leases available, renewable for a further 25 years
- Attractive investment incentives
- Liberty for personnel recruitment and economical workforce
- Availability of Pre-built warehouses and office units for lease
- Visas liquidation
- Establishment card cancellation
- Lease cancellation (If any)
- Customs clearance for commercial licenses
- License degeneration
