Company Formation in Hamriyah Free Zone (HFZA)
Hamriyah Free Zone Authority
Company Formation in Hamriyah Free Zone Authority because it is currently one of the top business zones in UAE. Established in 1995 by an Emiri Decree, its serves as the top location with some of the best facilities. It is flourishing because of good incentives, wide range of opportunities, tax free environment and more.
Advantages/Benefits of Company Formation in Hamriyah Free Zone:
There are several reasons to why HFZA holds the great business impression today. They are stated below-
• Allowance of Complete foreign ownership
• Free from import and export taxes
• Allowance of complete repatriation of profits and capital
• Allowance of accessing markets of UAE and GCC
• Energy available in abundance
• Business friendly locations
• Brilliant infrastructure
• Lower labor costs
• Linked with international airports and seaports
• Free from corporate and income taxes
• Great investment incentives
Type of licenses for businesses in Hamriyah Free Zone:
There are 3 major business licenses in Hamriyah Free Zone. They are-
i) Commercial License- A commercial license is a gateway towards trade. It can be import of goods, export, trade, distribution and more.
ii) Industrial License- An industrial license is a gateway to industrial help in business. Raw material for manufacturing or specified products can be imported with the help of this license.
iii) Service License- A service license is a gateway to carry out the services a business firm or an individual wants to offer.