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Free zone companies can run business within the relevant zone or outside the UAE. Some free zones (including ADGM, JAFZA, DMCC, RAK FTZ) allow for inward re-domiciliation of foreign companies, which means a transfer of a corporate seat of an existing company from abroad to the UAE free zone.
Located in Sharjah, SRTIP Free Zone is one of the newest and most innovative freezones in the UAE. It offers a hub for industries such as technology, research and development, and innovation. SRTIP is spread over a large area in the Sharjah Research Technology and Innovation Park, on the University City Road (E88). [7]
In 2010, the Hamriyah Free Zone Authority (HFZA) commissioned and AED 800 million contract for infrastructure expansion and development. It was set to increase its port capacity by up to 80% upon completion. [5] The free-zone is strategically located on the borders of Ajman and Sharjah, with direct access to Ras Al Khaimah.
[citation needed] The main localities where British citizens are based include Dubai, Abu Dhabi and Sharjah. A number of Britons working in the UAE are high-salary white-collar job professionals. Probationary work permits are valid for up to six months for Britons.
The Hamriyah Free Zone Authority was established by an Emiri decree issued on 12 November 1995 and consists of a port and associated logistics and trade facilities. [32] Also established in 1995, the SAIF Zone is adjacent to Sharjah International Airport and is currently home to some 2,500 companies. The Sharjah Research, Technology ...
Industrial Area 4 in Sharjah is a major commercial and industrial hub, located near to the Sharjah – Dubai border. It part of 18 industrial zones Sharjah, Industrial Area 4 is one of the sub-districts in the industrial zone surrounded by Abu Shagara and Bu Daniq to the west, Al Ghubaiba to the north, Industrial Area 5 to the east and Industrial Area 1 to the south.
Free-trade zones can also be defined as labor-intensive manufacturing centers that involve the import of raw materials or components and the export of factory products, but this is a dated definition as more and more free-trade zones focus on service industries such as software, back-office operations, research, and financial services.
Sheikh Tarik bin Faisal Al Qasimi is a member of the Al Qasimi family of Sharjah, United Arab Emirates; businessman and Jiu-Jitsu champion. [1] [2] He served as a member of the Executive Council of the Government of Sharjah and led the economic committee from 1997 to 2007. [3]