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.

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Hamriyah Free Zone Authority (HFZA) : FAQs

HFZA offers wide range of facilities depending on the business requirement. Some of them includes well maintained office spaces, warehouses, land, factories etc. It is beneficial due to its link with seaports and airports. Lastly, it offers comparatively lower cost of living.
HFZA is free from import and export taxes.
The services offered by HFZA includes restaurant services, banks, gyms and more.

Any business step requires absolute patience and right guidance blended with knowledge. The step of acquiring license or the formation of a company requires understanding of various things to make the process easier. Hereby, Business Setup HQ was designed in a way to help businesses from across the world flourish. It aims to help investors, owners, and entrepreneurs do their Business Setup in UAE.