Hamriyah Free Zone

https://www.gbsei.com/wp-content/uploads/2020/06/hamriyah.jpg

Established in 1995 by an Emiri Decree, Hamriyah Free Zone fosters entrepreneurship and economic development. The Free Zone has been deploying business solutions for international and local investors to access a lucrative market of roughly 1.5 billion consumers within the MENA region. This encompasses total ownership of businesses, repatriation of capital and profits, no taxes or duties, application of one-stop-shop concept for quick issuance of licenses and a viable visa solution for business owners and their employees. Also there is no import-export duties levied.

True to its vision of creating affordable yet world class free zone, Hamriyah Free Zone Authority has formulated explicit policies and designed special programs to strengthen the small and medium sized enterprise (SME) sector. Hamriyah SME Zone offers investors seven strategic clusters comprising the Oil & Gas Zone, Petrochemical Zone, Maritime City, Steel City, Construction World, Timber Land & Perfume Land. The size of each land plot in SME Zone is 5,000 sq. mtr.

Major Benefits of Company Formation in Hamriyah Free Zone:

100% foreign ownership,
100% repatriation of capital,
100% exemption from personal income tax, corporate tax, service tax, import and export tax,
Sharjah International Airport and seaports access
Pre – built warehouses and office units for lease
Affordable cost of living

Characteristics of Hamriyah Free Zone Company Setup:

Location:

Hamriyah Free Zone, Sharjah, (U.A.E.)

Proposed activity:

Manufacturing/Trading and Service related activities can be carried out in Hamriyah Free Zone.

License available:

Commercial trading/General trading, Service and Industrial license are available options for Hamriyah Free Zone.

Type of entities:

FZE (Free Zone Establishment – Single Shareholder), FZC (Free Zone Company – Multi Shareholders) and Branch

Shareholder:

Shareholder for Hamriyah Free Zone Company can be Individuals or Corporate entity (maximum 5)

Director:

Individuals only (Minimum one. Shareholder can also be Director)

Share capital:

AED 150,000/- (150 shares of AED 1,000/- each) for Hamriyah Free Zone Company Setup and AED Nil/- in case of Branch office. (Required to be deposited in bank before or after company incorporation)

Do note that shares are deemed to be issued on company incorporation irrespective of whether share capital is deposited in bank pre or post incorporation.

Audit:

Audit report is required to be filed with Hamriyah Free Zone.

Estimated time:

2-4 working days to obtain trade license of the company and register a company in Hamriyah Free Zone

Another 7-10 working days for immigration card subject to security clearance & thereafter visa may take approximately 7-10 working days on normal basis.

Hamriyah Free Zone(HFZ) Company Setup Process:

Identify the legal form of company to be registered in HFZ
Select activity from HFZ activity list,
Apply for name and initial approval,
Payment of fees related to HFZ business set up,
Sign Hamriyah Free Zone (HFZ) company registration and incorporation documents,
Apply for HFZ residence visa.

Documents Required for Hamriyah Free Zone Company Registration:

The documents required for business set up in Hamriyah Free Zone depends on whether a shareholder is individual or corporate entity. Basic requirements are

Color passport copy,
Color UAE residence visa & emirates id copy,
Utility bill copy
NOC from current sponsor

To know more about the complete requirements for company formation in Hamriyah Free Zone call us now on 050-8992852 or drop an email to sagar.mehta@gbsei.com

Company Formation Cost in Hamriyah Free Zone:

Hamriyah Free Zone Company Setup begins from AED 20,155/-.

Call us now on 050-8992852 or drop an email to sagar.mehta@gbsei.com to know about special promotions/offers related to business setup in Hamriyah Free Zone.

Other Notes for Hamriyah Free Zone Company Formation:

Document to be legalized with UAE Embassy in case of corporate shareholder
Shareholder or directors wishing to have UAE residency visa on said company will need to revisit after issuance of license, immigration card and entry permit for stamping of visa on the passport and may need to stay in UAE for 5 to 7 working days as that process may take time.
Company Immigration/Establishment card to be renewed every three years
Investors to have family status UAE visa should have share capital of AED 75,000/- and in order to be eligible for Owner/Investor/Partner visa should have share capital of AED 60,000/-

Global Business Services DMCC has helped many individuals and corporate entities to set up their businesses in Hamriyah Free Zone. Our company acts as a one stop solution for Hamriyah Free Zone company incorporation services.

If you are looking for Hamriyah Free Zone company setup, please get in touch with us for professional assistance

Call us now on 050-8992852 or drop an email to sagar.mehta@gbsei.com to know about special promotions/offers related to business setup in Hamriyah Free Zone

Whilst every effort has been made to ensure that the details contained herein are correct and up-to-date, it does not constitute legal, tax or other professional advice. We do not accept any responsibility, legal or otherwise, for any errors or omissions.

GBSOur Office

Organically grow the holistic world view of disruptive innovation via empowerment.

+971 4 4471804

+971 4 4471803

info@gbsei.com

gbsei.com

OUR LOCATIONWhere to find us?

For company formation and company incorporation services please contact us at our mailing address:

Office No.12A-06,
13th floor HDS Tower,
Plot No. F2,
Jumeirah Lakes Towers,
Post Box 309074,
Dubai (U.A.E)

QUICK LINKSOur Services

Advisory Services
Commercial Services
Accountancy Services
Company Formation Services
Company Management and Compliance
Assistance on Trade Mark and IP Registrations
VAT Advisory Services

GET IN TOUCHGBS Social links

https://www.gbsei.com/wp-content/uploads/2020/10/Quality-1.png