Company Formation
The Hamriyah Free Zone Authority is one of the most preferred free zones in the UAE, in the Emirate of Sharjah. Developed in 1995, HFZA relates to a strategic business location offering simple processes for company formation and operations across industries. It has been a favorite among entrepreneurs and multinational corporations due to economic development as part of its commitment.
Strategically positioned at the meeting point of global trade routes, HFZA offers access to markets in the Middle East, Africa, and South Asia like no other. At the same time, it acts as a major trade and logistics center supported by the well-developed ports, airports, and roads of Sharjah. Businesses in HFZA enjoy world-class infrastructure aligned with a business-friendly regulatory environment that places the free zone as an integral part of the UAE's economic landscape.
All these benefits HFZA combines to create an investment-friendly environment that promotes the success of businesses in the UAE and beyond.
1. Industrial License
It enables companies to carry out manufacturing, assembling, and processing activities within the free zone. This license is utilized by production and industrial organizations.
2. Commercial License
This license enables the import/export of goods, storage, and distribution. It is well suited for trade house companies operating in regional as well as international markets.
3. Service License
This license allows the provision of professional services like consultancy, IT solutions, and management support within HFZA.
4. E-commerce license
This license is aimed specifically at businesses that operate through the Internet. Therefore, it aids in online trading and digital retail services.
5. Freelancer's license
It provides independent working opportunities for professionals, designers, writers, or consultants who will work under their brand name.
1. Determination of Business Activity and Legal Structure
Business activity determination such as industrial, commercial, or service with the legal structure as FZE, FZC, or a branch.
2. Application and Documents Required
Fill out the application form and send them the required documents like passport copies, proof of address, and a business plan if so requested.
3. Preliminary Approval from the HFZA Authorities
The team studies the application submitted and gives initial approval to continue with the setup process.
4. Lease Agreement and Facility Allocation
A lease agreement needs to be signed for the chosen facility office, warehouse, or industrial plot, and the finalization of the allocation process.
5. License and Company Registration
After receiving the go-ahead from HFZA, after all the formalities are completed, the business license is issued, and company registration is conducted so that the business can start its operations.
Compulsory Documents for HFZA Company Formation
Clear photocopies of valid passports of all stakeholders in the company.
The address verification documents and UAE residency visa (if the applicant stays in the UAE).
This is a comprehensive plan that describes the business model, objectives, and operations (for specific business activities).
Letter from the sponsor in the current UAE, allowing the person to set up a new business (as applicable).
1. Compliance with HFZA's Policy and Procedures
Businesses are expected to comply with the policies and procedures set by HFZA, such as operational guidelines, health and safety standards, and environmental practices.
2. Annual Business License Renewal Process
HFZA business licenses need to be renewed yearly. The firm is supposed to submit its documents and fees accordingly to avoid subsequent penalties or even disruptions in running the business.
3. Compliance with Audit and Financial Reporting
Regular audits, correct financial reports, transparency, and UAE regulations help businesses increase credibility, avoid legal complications, and strengthen their business posture.
Get a trusted business setup partner in Hamriyah Free Zone Authority (HFZA) in the shape of Reyson Badger. Our extensive experience in free zone regulations and company formation takes all the complexity off the shoulders of entrepreneurs and businesses. The team will take care of all the paperwork, legal compliance, and facility selection, so you have a trouble-free experience. By having Reyson Badger as your partner, you will have tailored solutions, professional advice, and a commitment to the success of your venture. Let us support you in your formation here in HFZA so you can realize your vision for this strategic business hub.