The Hamriyah Free Zone in Sharjah is a popular destination for foreign investors looking to set up a business in the UAE due to its many benefits, including total tax exemption and 100% ownership. The zone has given investors aggressive incentives and distinctive chances to launch a firm in a tax-free setting. Additionally, the Hamriyah Free Zone is strategically located between three continents and has a developing market of 1.5 billion people, making it an ideal location for businesses looking to expand their reach.
The Hamriyah Free Zone Authority (HFZA) was established by an Emiri Decree in November 1995 and has since played a significant role in the industrial growth of the United Arab Emirates. The zone offers investors aggressive incentives and unique opportunities to launch a business in a tax-free environment. It manages a 14-meter deep port and around 22 million square meters of valuable industrial and commercial property, which provides ample space for growth. The strategic location of the Hamriyah Free Zone between three continents and a developing market of 1.5 billion people further enhances its position as the leading industrial base of the United Arab Emirates.