Hamriyah Free Zone Authority set to Boost Company Setups

Launch of Sharjah Food Park at Hamriyah Free Zone Authority set to Boost Company Setups

March, 2017

The number of new Hamriyah Free Zone Authority (HFZA) company setups is predicted to increase following the launch of HFZA’s “Sharjah Food Park”.

HFZA’s new company setups will rise because it is strongly expected that the Food Park will boost the economic growth and trade of Sharjah. This will in turn lead to an increase of interest in Sharjah by foreign investors who will want to set up companies there.

The launch of the Food Park was announced at a press conference held at the Dubai World Trade Centre on 2nd March.

The Food Park is the biggest and most prestigious facility in the region focusing on food and food related industries.  It is a food industries hub dedicated to exports, imports, storage and packaging of foodstuff for the huge Middle East and North Africa food industry and the rest of the world.

Advantages of a Company Setup at Hamriyah Free Zone Authority

Enjoy the tax and investment benefits of setting up a company in HFZA, which are:

• Zero corporate taxes
• Zero personal taxes
• Full foreign company ownership
• Zero import and export taxes
• Full exemption from all commercial levies
• Full repatriation of capital and profits
• Modern legal framework
• High security of investments

There are superb trade competitive advantages when you set up a company in HFZA such as:

• Strategic location with easy access to UAE, GCC and global markets
• Highly developed infrastructure
• Three seaports and an international airport
• Low energy costs
• State-of-the-art offices, warehouses and factory units for lease
• Plots of land available for lease
• Low cost of living
• Low labour costs

Set Up your HFZA Company – Contact Us

Our goal at FBS Kotsomitis is to provide the best possible service to our clients to make setting up their companies in the UAE as simple and stress-free for them as possible.  We have first-hand experience of what works in the UAE to ensure success and prosperity.

We can Help you Set Up and Build Your Business to make your Vision a Reality – Click Here to Set Up Your Company

We will guide you through the five steps involved in setting up a company in the UAE – Click on the links below for the 5 simple steps to set up your Hamriyah Free Zone Authority or any other UAE Free Zone company:

Step One: Get in Touch with FBS Kotsomitis

Step Two: Select your most suitable company type

Step Three: Start the company setup process

Step Four: Opening of corporate and personal bank accounts

Step Five: Begin to operate your company with the support of FBS Kotsomitis

Here’s how to Set Up your Company in Hamriyah Free Zone Authority – Contact Us

Click Here if you are Interested in  HFZA Company Setup Procedures and Fees

Nice to know facts about HFZA

HFZA was established in 1995 and is the largest free zone in Sharjah and the second largest industrial hub in the United Arab Emirates. Sharjah contributes to the UAE’s GDP with over 100 billion AED.

HFZA has set up over 6,500 free zone companies from 157 different countries. The Food Park houses offices, warehouses and worker accommodation and covers an area of 11 million sq ft. The new Food Park business centre will provide over 100 executive suites.

At the HFZA Foodpark, Commercial Licenses can be granted for general trading or for specific trading and for up to 5 business activities. The Industrial License covers activities such as manufacturing, assembly, processing, packaging. Service Licenses cover various services including consultancy services.