Why set up a business in Hamriyah Free Zone?

Cheapest Business set up cost UAE

Established on November 12. 1995, the Hamriyah Free Zone is home to more than 6,500 businesses from 163 countries. In addition to world-class facilities including offices, warehouses, factories and executive office suites, Hamriyah Free Zone also has over 15 on-site key business services, like banking and auditing firms, currency exchanges, conference rooms, staff accommodation, and more.

Sharjah is the only Emirate to have ports on the coast of both the Arabian Gulf and the Arabian Sea, providing the Free Zone with a huge strategic advantage as it has the capability of servicing three continents- and over 1.5 billion people- due to its unique positioning. Businesses located at the Hamriyah Free Zone can take advantage of the numerous shipping networks that pass through Sharjah, as well as the state-of-the-art technology and range of cargo containers at the Port and the Depot.

Due to its strategic benefits the Hamriyah Free Zone is home to the largest number of Steel fabricators in the UAE, as well as being a hub for oil and gas companies and transportation and logistics companies. There is also an 11 million square feet Food Park specifically planned and developed for the requirements of the food industry.

Its 26 million square metres of prime industrial land make it an ideal location for heavy industries, while its abundance of land and warehouse facilities have made it extremely popular amongst manufacturers of building materials.

Hamriyah Free Zone has built a world-class infrastructure in order to ensure that the businesses set up there have all the tools necessary in order to succeed.In addition to that, the Hamriyah Free Zone Authority (HFZA) has brought a special discount on E-office packages. The first-ever HFZA exclusive discount is commencing from 1st April to 30th June 2020.

PACKAGE 1
Normal Price AED 11,000 Yearly
Promotional Price AED 8,800 20% Discount
Free Zone Establishment (1 Shareholder)
Hamriyah Business Centre (Virtual)
Up to 3 activities
Provision to apply for 1 visa*
PACKAGE 2
Normal Price AED 17,000 Yearly
Promotional Price AED 13,600
20% Discount
Free Zone Establishment (1 Shareholder)
10sqm Office.
Up to 3 activities
Provision to apply for 4 visas*
PACKAGE 3
Normal Price AED 20,000 Yearly
Promotional Price AED 16,000
20% Discount
FZE/FZC (1-3 Shareholders)
10sqm Office.
Up to 3 activities
Provision to apply for 4 visas*
PACKAGE 4
Normal Price AED 25,000 Yearly
Promotional Price AED 20,000
20% Discount
FZE/FZC (1-5 Shareholders)
10sqm Office.
Up to 5 activities
Provision to apply for 6 visas*
PACKAGE 5
Normal Price AED 35,000 Yearly
Promotional Price AED 28,000
20% Discount
FZE/FZC (1-5 Shareholders)
10sqm Office
1 General Trading activity
Provision to apply for 7 visas*

All packages include:
1. Office rent for 1 year.
2. License fee for 1 year.
3. Name approval charges.
4. Service charges (office, electricity and maintenance).
*Visa related costs are excluded in package price.

To know more about this exclusive offer, get in touch with one of our team members at mail@affiniax.com or call us on +971 4 425 6616.

Why Outsource Bookkeeping and Accounting Function?

Outsourced CFO Services Dubai
Every business is different and one business’ proven formula may not fit another’s. It is very important for a Company to maintain its financial discipline, irrespective of the nature or size of the business. Some of the key benefits of outsourcing finance operations are:
  1. Saves time – One of the most common and obvious advantages of outsourcing is the amount of time you save. It’s a simple concept: accounting and payroll take time. If you’re doing it yourself, then that’s time lost. There are a lot of different aspects to consider and it becomes a balancing act. By outsourcing your accounting and payroll services, you simply save time that’s better spent on core tasks.
  2. Reduced Overheads – By outsourcing accounting, a Company saves overheads like visa costs, perks, visa deposits, sick leaves, annual leaves etc.
  3. Faster decision making – Our reports are customizable and helps the management to make informed decisions at the right time, which is crucial for any business to grow exponentially. After all, if you’re paying money to work with the experts, they’ll have the information you need to see in a way that makes sense. This allows you to continue to make decisions to grow your business with peace of mind.
  4. Updated Big Picture – If you’re on the fence about outsourcing one service or another, an important thing to keep in mind is the amount of information and insight you might receive. Good quality accounting and payroll companies will have a “big picture” in mind after dealing with your company for a while. This information can be had at a moment’s notice, and advanced technologies can help you obtain personalized reports giving you the insight you need to further your company.
The types of Outsourced Accounting and Bookkeeping Services we offer are listed below:

Bookkeeping / Outsourced Accountant

A service which helps the Company maintain their set of books in complete order, compliant with local laws and reconciled with various statements. This is a basic feature and  the minimal requirement for any Company, whether it is a startup or a Multi-National entity. Our bookkeeper shall handle day-to-day data entry, either on a full-time deputation basis or through regular visits. Typical kinds of bookkeeping outsourcing could be on a Full time, Part Time or Project Basis.

Management accounting / Outsourced FM

Management accounting entails the management of business assets, internal business operations of clients, reports on profit and loss based on the company budget, reports on the fulfillment of key performance indicators or performance metrics that are uniquely adapted by the company, cash forecasts and revenue projection, among others. In managing this data, your provider must assume an eagle-eye approach with regard to how your company’s leadership realistically fulfills all its financial goals.

Financial controller services / Outsourced CFO

These services cover coordination with bookkeepers and business owners in the completion of monthly management reports. In the fulfillment of these services, your provider will handle financial data that is crucial to hiring, dealing with clients, and the like—an assessment of how healthy your business is at any given time. Financial analysis is a part of this service, which includes data that pertains to product cost calculation; profitability; reviewing of credits and rebills; and reviewing company sales contracts to determine impact on accounting policies, among others.

Payroll services

Another service that is available is the management of your company’s payroll. Our payroll services include the tallying of your company’s pay cycle, the accounting of on-demand services, end-of-month services, and end-of-year services. Your provider is obligated to learn the payroll management norms of your company, as well as what the just and timely standards are for your employees’ compensation, in order to ensure that they adhere to the same.

To know more details, please contact Nihar Kothari, Partner at Affiniax at nihar@affiniax.com