Hamriyah free zone is one of the top choices for foreign investors when it comes to business setup in Sharjah. Since its inception in 1995, the free zones has been serving as the perfect hub for industrial businesses. The free zone is home to more than 6,500 companies from over 163 countries. Big industrial companies set up a business in Hamriyah to capitalise on the free zones’ unique location with ports on both the Arabian Gulf and the Gulf of Oman, as well as an international airport and road links to offer investors access to 1.5 billion potential customers.
The role played by Hamriyah Free Zone in enhancing the industrial prowess of the UAE is commendable. If you are seeking to launch logistics, manufacturing or any other related activities in Hamriyah, consult with reputed business setup consultants in Sharjah who will guide you through all the essential steps of incorporation. Read on further to understand the opportunities of business setup in Hamriyah Free Zone along with the requirements and procedure:
Major Industrial Business Sectors in Hamriyah
Hamriyah Free Zones is a powerhouse that plays a key part in boosting the industrial prowess of Sharjah as well as the entire UAE. Companies from a wide variety of sectors have over the years set up businesses in Hamriyah Free Zone. Let’s have a look at some of those sectors which have yielded to be a lucrative business opportunity for foreign investors:
1. Heavy Industry
If your business activity is related to heavy industries, you might be requiring ample land, facilities and a competitive pricing structure. Company formation in Sharjah Hamriyah Free Zone gives you access to 26 million square metres of prime industrial land, affordable operational costs, and robust business policies.
2. Logistics & Transportation
Logistics and transportation have always been a promising business sector but its profitability has witnessed a jump Post COVID-19. More investors are finding Hamriyah Free Zone as an ideal platform to initiate business setup in the UAE considering the strategic location, smooth accessibility bay air, land and sea and a flexible regulatory regime that enables easy flow of goods into the global markets.
3. Oil & Gas
Investing in Oil & Gas sector makes business sense as the UAE is home to the world’s seventh-largest proven crude oil reserves and nearly 3.5% of global gas reserves. Business setup in the UAE is highly profitable for the Oil & Gas sector investors as the country is also a major partner in global energy markets. For such investors, Hamriyah Free Zone delivers highly integrated solutions in refinery, petrochemical and power generation for downstream projects.
4. Food Industry
Global demand for food is always surging without pause propelled by the ever-increasing global population and availability of higher disposable incomes in the developed nations. You can reap benefits such as exemption from tax and commercial levies by setting up a food industry business in the UAE. What Hamriyah offers for such investors are dedicated areas within the Free Zone for both setting up a company as well as scaling up the business.
5. Packaging Industry
With the advent of new technologies and innovation, the packaging industry is on a steady growth path. There is a huge demand for robust packaging solutions that will ensure product safety right from the minute it leaves from the manufacturing facility to the end-user. To reap the benefits of this increased demand, you can set up a company in Hamriyah Free Zone at reduced operational cost.
Benefits of Company Incorporation Hamriyah Free Zone
Hamriyah Free Zone has always maintained the reputation of being an investor-friendly free zone that provides a wide range of benefits for the businessmen including 100% ownership, total repatriation of capital etc. However, apart from that, you need to consider the following advantages as well before commencing business setup in Hamriyah Free Zone:
- Less-stringent Regulations
- Modern infrastructure and telecommunication links
- Pre-built warehouses and office units for lease
- Premium office suits for lease
- On-site accommodation for personnel employed by the investor
- Reduced labour cost
- Strategic access to global markets
- Reasonable cost of living in Sharjah
Business Setup in Hamriyah Free Zone: Is it Worth the Effort?
If you are not yet sold on the business opportunities and benefits of company formation in Hamriyah Free Zone, then you should consider some more points. Unlike in the mainland, setting up a business in Hamriyah Free Zone won’t take you long to complete the procedures. All you need to do is,
- Identify the business type
- Submit company name
- Submit the application (you can get it from business setup consultants in Sharjah)
- Submit the required documents
- Obtain the trade license issued by Hamriyah Free Zone Authority
The entire process can be completed in five or fewer steps depending on the nature of your proposed business activity. All you need to do is hire the best business setup consultants in Sharjah who will undertake the incorporation process on your behalf. All it takes is a few days and the costs of business setup in Hamriyah Free Zone are highly competitive.
Incorporate Through Business Setup Consultants in Sharjah
Investors looking to initiate business setup in the UAE in the industrial sector must set Hamriyah Free Zone as one of their top priorities. The strategic location, easy business setup procedure, economic operational costs etc. are among the key reasons that justify this recommendation. Since the Free Zone doesn’t mandate the physical presence of the shareholders for incorporation, the foreign investors can hire reputed business setup consultants in Sharjah such as Jitendra Business Consultants, who will facilitate all the paperwork. JBC’s highly qualified business setup consultants provide the investors with the required legal know-how and local market expertise that will facilitate a smooth incorporation procedure. JBC will take care of processing all the visa requirements including sponsoring of documents in an efficient manner. Foreign investors can ensure a quick business setup in Hamriyah Free Zone by hiring the services of JBC.