Hamriyah Free Zone is a free trade zone in Sharjah, which is one of the emirates of UAE, that was established in November 1995 by an Emiri decree. It has the size of 24 square kilometers with a deep port of 14 meter. It is the second largest free zone in the whole of United Arab Emirates. It nurtures entrepreneurship and economic development in the region.
The strategic location of the Hamriyah free zone is one of its great advantages. Being located in Sharjah provides the free zone an exceptional geographic and time zone advantage. It is supported by a secure and fully convertible currency and easy access to the global countries through sea, land and air.
Over the years, the Hamriyah free zone has been providing business solutions to International as well as regional investors catering to the market of about 1.5 billion people within the Middle East and North Africa region. The major advantages of the free zone are complete ownership of businesses, complete repatriation of capital and profits, absolute elimination of taxes and duties etc. The one-stop shop concept is applied for the issue of licenses that will make it very easy for the entrepreneurs. It also attracts investors by means of viable visa solutions for business owners and their employees.
Hamriyah Free Zone cater to the needs of both the multinational investor and the budding entrepreneur coming with big dreams. A variety of services are offered to both the categories. It contains land for long term lease, built –in warehouses, factories and executive suite houses. It already hosts about 5,000 companies, employing over 60,000 people, representing about 136 nations.
Sharjah is the only one emirates in the UAE that has ports on the west and east coast of Arabian Ocean, with easy access to the Indian Ocean. By means of its three modern sea ports and an International Airport, Sharjah is equipped with transportation links to the nearby Gulf countries, Indian sub-continent and the expanding markets in Asia and Africa.
Cost of living that is comparatively low and telecommunication links that are highly developed are the added advantages of Hamriyah free zone. On-site accommodation is provided to the investors.