There are a lot of free trade zones are present in majority of the states of UAE other than Dubai. But now, most of those free trade zone are giving importance. For such purpose, each and every state is not only in the development of increasing the number; but also the standard of those free trade zones. An example in this regards is that the emirate of Sharjah. This emirate has the 3rd leading number of free trade zone after Dubai and Abu Dhabi. Out of these free zones in Sharjah, the most vital as well as most important one is Hamriyah free zone (HFZ). And company formation in Hamriyah free zone is one of the fastest in the Sharjah free zone company formation.
The fact about Hamriyah free trade zone is that it is not only the most vital free zone in Sharjah. But it is also one of the quick, and the second largest in UAE after JAFZA. Majority of the free trade zone in UAE is focus on one business. But Hamriyah is one among those free trade zones which offer opportunities for a number of industries.
This free trade zone in Sharjah is divided into various zones. These are Hamriyah SME zone, Hamriyah Logistic Village along with Hamriyah MB Zone. All these zones provide opportunities for the Company formation in Hamriyah free zone of different kinds. Another important feature of this free trade zone is that it is on a strategic position within the UAE.
Company formation in Hamriyah free zone
One of the central factors that give an edge to Hamriyah company formation; that is, cost effective Hamriyah free zone company formation. It means one can start a business at a comparatively lower cost and get same benefits; which are available in most of the other free zones in UAE. Thanks to comprehensive business opportunities as well as low cost; company formation in Hamriyah free zone is mostly feasible for SMEs and micro businesses. Apart from that, large industries also are sponsors due to the supply of warehouses.
The two main types of company formation in HFZ. These are free trade zone establishment (FZE) along with free trade zone Company (FZC). The minimum share capital for both these type of company is AED 150,000. But in case if you are searching to form a branch of local or international company. Then you don’t need of a share capital to form your branch in this free zone.
Hamriyah free zone license cost
In order to take the idea of the expense of the company formation in Hamriyah free zone. Then it is must to know about the types of offices and facilities available here. HFZ is offering several types of packages for company formation in Hamriyah free zone. The cost of company setup in this free zone mainly depends on the selection of these packages.
There are total 5 options which are accessible for company formation in Hamriyah free zone. The costs for all these packages are diverse and are further divide into various sub-packages.
HBC Offices for Hamriyah free zone company formation
A company formation in HFZ with one partner can select such sort of office. There are 2 packages obtainable during this category. Most of the features are mutual in both such packages. They are accessible with a commercial service license. With this type of packages, 3 service activities or trading of up to 3 product categories are permitted
The only dissimilarity between both these package is that the number of visas one can apply for. The 1st package permit only one visa; while the 2nd package allows for four visas. There is no need to show a bank letter for both of these types of packages. As there is a slight or no difference between these two packages, therefore the difference in cost is in addition marginal.
Executive Office for Hamriyah free zone company formation
This is the leading supreme office existing for company formation in Hamriyah free zone. There are 5 kinds of packages available during such sort of office. A critical difference between these packages is that the size of offices existing. These offices are obtainable from 15 m2 to 40 m2 of sizes. Most of the opposite facilities are similar.
E office for Hamriyah free zone company formation
There are 3 types of packages available for such sort of office. Package 1 can only obtainable for a free zone company (FZC) with 2 to 4 shareholders. In such package you are allows to practice only 3 service activities or 3 trading product category.
The 2nd along with 3rd package are available for FZE company formation in HFZ and FZC (2-4 shareholders); and also for a branch. 5 services or products alongside 6 visas are sanction in package 2. General trading along with investment together with 7 visas is available with package 3.
The charges of those three packages of E office is different according with their features. Package 1 is that the least costly one while Package 3 is that the uppermost package for businesses.
Warehouse for company formation in HFZ
Warehouses are offered for giant industrial units. Here during this option, one can acquire several packages consistent with the requirement of the corporate. There are 3 packages existing for warehouses. The sizes of these packages are different while there is a difference within the nature of facilities available for these packages.
Extra charges for a license, service charge and incorporation fee as well as refundable deposit are a minimum of AED 22,500. Warehouses are offered from 276 m2 to 614 m2 in sizes. There are a exceptional number of offices along with other facilities available in these 3 different types of warehouse packages.
Prime Industrial Land for company formation in HFZ
If you would like to make your own industrial structure; then for such purpose the land is available in Hamriyah free zone. You will purchase plots as prime industrial land from 2,500 m2 in size. This land is out there with a lowest price of AED 30/m2. A hard as well as fast land lease is out there for the primary 10 years. Investors are sanction to develop up to 60% of the plots.
Whole details about the final cost of company set up in Hamriyah Free Zone can only be known after taking guidance from a challenging consultancy firm. You can contact us for such purpose.