Hamriyah Free Zone in Sharjah has a flexible management style that values time as much as it does its customers.
Hamriyah Free Zone (HFZ) is one of the significant contributors to the industrial development of the United Arab Emirates. Styling itself as the Next Generation Free Zone, HFZ boasts a management that is flexible and dynamic besides being an investor-oriented free zone.
HFZ provides competitive incentives and unique opportunities to establish a business in a tax-free environment, full company ownership, exemptions from all commercial levies and repatriation of capital and profits. The free zone manages an area of approximately 12 million square metres of prime industrial and commercial land.
Deep water port
It has a 14 metre deep water port and seven metre deep inner harbour for investors to export and import goods in addition to access to another port in Sharjah on the Arabian Sea and yet another in Khor Fakkan on the Indian Ocean. Sharjah International airport is also easily accessible from HFZ.
HFZ gives customers the freedom to develop their factories, office infrastructure, warehouses, and other buildings on the land they have leased from it. Land can be leased within HFZ for 25 years and renewed for a similar period.
Land lease rates are fixed for the first 5 years with a rent review at the end of that time. The minimum area offered for lease is 2,500 square metres and the rent for that area is Dh25 per square metre.
For those investors who require ready-made, ready-to-go warehouse space, HFZ provides the investor with a choice of pre-built buildings in sizes of 614 square metres, 416 square metres and 276 square metres. These units include warehouse /factory space, offices, toilets, kitchenette/pantry and car parking bays. The rents for these units per annum are Dh110,000, Dh85,000 and Dh55,000 respectively.
Business centre
The business centre provides space for over 100 executive office suites ranging in size from 15 square metres to 42 square metres with conferencing and internet facilities for lease. The rents for these units range from Dh1,200 per square metre per year.
On-site accommodation for investors' personnel including a recreation centre and health club is offered at the rate of Dh300 per person per month rent. Each room can accommodate up to eight members. Investors are guaranteed the liberty to recruit the personnel of their choice.
Being quality conscious and ISO certified, HFZ procedures for setting up a company are easy and well streamlined. The simple procedures and formalities involved make it possible to obtain a licence within 24 hours of submitting all requisite documents.
The unique and investor-friendly HFZ looks forward to a bright future with increased growth and a Maritime City coming up within it.
