CHENNAI: In a move to give an idea to Indian investors looking to invest in Sharjah, a roadshow was conducted in the city to highlight various opportunities that Sharjah has to offer through the Hamriyah Free Zone Authority (HFZA).
Located in the Emirates of Sharjah, and established in 1995, HFZA manages an area of 22 million square metre of prime industrial and commercial land which has direct access to the Arabian Gulf and the Indian Ocean.
Among the ‘unlimited advantages’, besides being a 100 per cent tax-free zone, company ownership, and repatriation of capital and profits are among the benefits of the zone, said Saud Salim Al Mazrouei Director, Hamriyah Free Zone Authority (HFZA).
“Currently, the licences are issued at the zone in less than two hours. The types of licences available are industrial for manufacturing and assembling, service (consultancy), and commercial,” said Muhamed Basheer, head of Business Development Department, HFZA.