Hamriyah Free Zone Authority Sharjah ᐅ Make the right choice!

ᐅ What is the Hamriyah Free Zone Authority (HFZA) in Sharjah?
The Hamriyah Free Zone Authority, located in Sharjah, UAE, is an economic free zone designed to encourage and facilitate business development. It offers various benefits such as 100% foreign ownership, zero customs duties, and a global market access due to its strategic location along the Arabian Gulf.

ᐅ What are the advantages of setting up a business in the Hamriyah Free Zone?
Establishing a business in the HFZA provides various benefits, including a 100% tax exemption on corporate profits, 100% repatriation of capital and profits, and minimal licensing fees. Additionally, companies enjoy a simplified and expedited company setup process and assistance with administrative procedures.

ᐅ Can foreign investors own 100% of their business in Sharjah Free Zone?
Yes, foreign investors can own 100% of their business in the Hamriyah Free Zone. The HFZA allows full foreign ownership, making it an attractive option for entrepreneurs looking to establish their businesses in the UAE.

ᐅ What types of businesses can operate in the Hamriyah Free Zone?
The HFZA accommodates a wide range of businesses, including trading, manufacturing, and services. Key sectors include logistics, construction, and petrochemicals, among others. The free zone is particularly popular for companies in the import-export business due to its strategic location.

ᐅ What is the process for obtaining a business license in the Hamriyah Free Zone?
To obtain a business license in the HFZA, you need to complete a series of steps: choose your business activity, select a company setup type, submit the necessary documents, and pay the required fees. The HFZA offers various types of licenses, including trading, industrial, and service licenses.

ᐅ How long does it take to set up a company in the Hamriyah Free Zone?
Setting up a company in the HFZA can typically be completed within a few days to a couple of weeks, depending on the type of license and the complexity of the business setup. The HFZA provides efficient services to streamline the registration process.

ᐅ What are the documentation requirements for starting a business in the Hamriyah Free Zone?
The essential documentation for setting up a business in the HFZA includes a completed application form, passport copies of shareholders and managers, a business plan, and proof of address. Additional documents may be required depending on the business type.

ᐅ Is it possible to obtain a residence visa for the owner and employees in the Hamriyah Free Zone?
Yes, upon registering a company in the HFZA, you can apply for residence visas for the owner and employees. The number of visas that can be secured will depend on the size and nature of the business.

ᐅ What support does the Hamriyah Free Zone Authority provide to entrepreneurs?
The HFZA offers extensive support to entrepreneurs, including advisory services, administrative support, and assistance with legal and financial matters. They also provide facilities for networking and collaboration, enhancing business opportunities.

ᐅ Are there any restrictions on company activities in the Hamriyah Free Zone?
While the HFZA supports a wide array of business activities, there are certain restrictions on activities such as banking and financial services or real estate investment. It is advised to check with the HFZA for specific regulatory guidelines.

ᐅ How does Cassius Law assist businesses in the Hamriyah Free Zone?
At Cassius Law, we specialize in guiding businesses through the complexities of establishing a company in the Hamriyah Free Zone. We provide comprehensive services in licensing, labor law, commercial law, and company formation to ensure your business complies with all regulations and operates smoothly.

ᐅ What legal considerations should I be aware of when starting a business in Sharjah's free zone?
When starting a business in the Hamriyah Free Zone, it's important to be aware of regulations related to licenses, labor laws, and compliance with local laws and regulations. Working with a legal expert can help navigate these complexities and ensure a compliant setup.

ᐅ Can I transfer my business to another free zone or mainland after establishing it in the Hamriyah Free Zone?
Transferring a business from the HFZA to another free zone or mainland is possible, but it often involves specific legal processes and potential costs. It's essential to seek legal advice to understand the implications of such a move.

ᐅ What are the costs associated with setting up a business in the Hamriyah Free Zone?
The costs involved in establishing a business in the HFZA vary depending on the business type and required licenses. Generally, the costs include registration fees, business licensing fees, and potential facility leasing costs.

ᐅ How can I ensure compliance with labor laws in the Hamriyah Free Zone?
To ensure compliance with labor laws in the HFZA, it's best to familiarize yourself with the labor regulations applicable in the UAE and seek guidance from experts in employment law. Cassius Law provides dedicated services to help you navigate these legal frameworks.

At Cassius Law, we are committed to providing expert guidance and support for all your business setup and legal needs in the Hamriyah Free Zone and beyond. We invite you to contact us for tailored advice and a seamless business establishment experience. Your success is our priority, and we are here to assist you every step of the way.