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Established on November 12, 1995, Hamriyah Free Zone (HFZ) stands as a cornerstone of industrial development within the United Arab Emirates. Positioned as the Next Generation Free Zone, HFZ boasts a management ethos characterized by flexibility, dynamism, and investor orientation.
HFZ is committed to providing competitive incentives and unparalleled opportunities for businesses to thrive in a tax-free environment. With full company ownership, exemptions from all commercial levies, and the freedom to repatriate capital and profits, HFZ ensures an attractive proposition for investors.
Spanning approximately 22 million square meters of prime industrial and commercial land, HFZ offers a robust infrastructure tailored to meet the diverse needs of businesses. Its 14-meter-deep water port, coupled with ample scope for expansion, further enhances its appeal as a strategic investment destination.
Located in the emirate of Sharjah, HFZ enjoys proximity to key transportation hubs, including ports on both the Arabian Gulf’s west and east coasts, direct access to the Indian Ocean, and an international airport. Sharjah’s extensive transportation links to the Gulf states, the Indian subcontinent, and emerging markets in Asia and Africa further reinforce HFZ’s connectivity and accessibility, making it an ideal choice for businesses looking to capitalize on regional and international trade opportunities.
Established in 1995, the Sharjah Airport International Free Zone (SAIF Zone) is a bustling hub housing over 6000 companies. Situated in close proximity to Sharjah International Airport, SAIF Zone offers seamless licensing services, making it an ideal choice for businesses.
SAIF Zone boasts numerous advantages, including access to warehouses, storage areas, container parking, and bunkers. Its strategic location provides excellent air, land, and sea links, facilitating efficient logistics and transportation. Additionally, businesses benefit from the backup services offered by the Sharjah Economic Department (SED) and Sharjah Expo, ensuring comprehensive support.
Moreover, SAIF Zone offers competitive pricing for licenses and labor accommodation, making it an attractive option for companies across various industries. The flexibility of choosing between warehouse spaces and offices further enhances its appeal. Whether companies require a single office space or complete manufacturing facilities, SAIF Zone offers tailored packages to meet diverse business needs.
With its convenient location, competitive pricing, and flexible solutions, SAIF Zone continues to be a preferred destination for businesses seeking to establish a presence in the region.
Sharjah Media City Free Zone (SHAMS), established in 2017, is a vibrant hub in Sharjah, serving as a catalyst for the growth and prosperity of creative and media businesses. With a vision to become a world-class media destination offering innovative facilities and services, SHAMS provides a diverse range of business activities for entrepreneurs seeking to establish their presence in the UAE.
Key features of SHAMS include:
– Wide Range of Business Activities: SHAMS offers a comprehensive selection of business activities available under a single license, providing flexibility and convenience for entrepreneurs.
– Fast Company Setup: All company documents are issued within days, streamlining the setup process and enabling businesses to start operations promptly.
– 100% Foreign Ownership: Entrepreneurs enjoy the privilege of 100% foreign ownership, empowering them to maintain full control over their ventures.
– Remote Company Formation: Shareholders are not required to be physically present in the UAE to incorporate a new company in SHAMS, facilitating ease of setup for international entrepreneurs.
– Limited Liability: Companies registered in SHAMS benefit from limited liability, safeguarding shareholders’ assets and interests.
– Capital and Profit Repatriation: SHAMS allows for 100% repatriation of capital and profits, ensuring financial flexibility and freedom for businesses.
– Tax Benefits: With 0% corporate or personal income tax, SHAMS provides a favorable tax environment for businesses to thrive.
– Strategic Location: Situated just 5 minutes from Sharjah International Airport and 15 minutes from Dubai International Airport, SHAMS offers convenient access to global transportation networks, enhancing connectivity and accessibility for businesses.
With its strategic location, streamlined processes, and attractive incentives, SHAMS is an ideal destination for entrepreneurs and businesses looking to capitalize on the growing opportunities in the media and creative industries.
– Commercial License: Enables trading activities within the free zone.
– Industrial License: Allows for manufacturing or industrial operations.
– Professional License: Permits service providers to offer their expertise within the free zone.
In Sharjah Free Zones, corporations have the option to establish two distinct legal entities based on their shareholding structure:
1. Free Zone Establishment (FZE):
– This legal entity represents a single shareholder limited liability company.
2. Free Zone Company (FZC):
– An FZC is a multiple shareholder limited liability company, allowing for incorporation with a maximum of 2 to 5 shareholders.
“There are three free zones in Sharjah where entrepreneurs can choose to establish their businesses:
1. Hamriyah Free Zone (HFZA)
2. Sharjah Airport International Free Zone (SAIF Zone)
3. Sharjah Media City (SHAMS)”
1. Tax and Duty Exemptions: Businesses operating within Sharjah Free Zones enjoy exemption from taxes and foreign duties, enhancing cost-effectiveness and profitability.
2. 100% Foreign Ownership: Entrepreneurs benefit from full ownership of their businesses, empowering them to retain complete control and autonomy over their ventures.
3. Full Repatriation of Capital: Free zones in Sharjah facilitate the repatriation of capital and profits, enabling businesses to efficiently manage their finances and investments.
4. World-Class Infrastructure: Sharjah Free Zones boast state-of-the-art infrastructure, providing businesses with access to modern facilities and amenities conducive to productivity and growth.
The free zone provides four types of licenses, each with varying costs and setup procedures:
1. Service License
2. Trading License
3. Industrial License
4. Holding License
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