Company Formation & Business Setup in Hamriyah Freezone (HFZ)
Easy Business Setup in HFZ Freezone with the Best Business Consultants in UAE.
ABOUT
What is
Hamriyah Freezone?
Hamriya Free Zone offers several benefits to business owners that are looking to enter its thriving market. It was founded in 1995 and nowadays plays a crucial role in the development of the industrial sector of the UAE since it’s the home for several companies. Ever since its creation has been known as one of the fastest-growing Free Zones in the UAE.
More than 6000 companies have set their operations in this place since it’s the perfect location for businesses that belong in the oil and gas, marine, manufacturing, and other related industries.
PROCESS
How to set up your business in Hamriyah Freezone?
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DOCUMENTS
Documents for Business Setup in Hamriyah Freezone
- Your application form and letter of Intent.
- Passport copies of each shareholder.
- Copies of shareholders’ passports.
- Copy of trade license (for a branch company)
- Bank reference letter
- MOA and Articles of Association
Hamriyah Freezone
Business Licenses for Business Setup in Hamriyah Freezone
This license allows you to perform the same activities as the trade license. However, it allows you to trade a wider range of goods and products.
This one is a tailor-made license for companies that offer services instead of products, like those companies that provide IT services.
With this other license, you can perform industrial activities, such as manufacturing, packaging, assembling, and more.
If you carry out your business activities online, this is the license that you need.
BENEFITS
Benefits of Setting Up Business in Hamriyah Freezone
- 100% ownership of your business
- Multiple tax incentives, which include full exemption from corporate and income taxes.
- You can get multiple visas without having a physical office space
- Full repatriation of capital and profits
- No minimum share capital is needed to establish a company
- No personal or corporate income taxes
- You can sponsor your dependents easily
- No currency restrictions
- Easy to trade with companies in the UAE and the rest of the world
Allowed types of companies in HFZ.
There are several options for incorporating a business since you have various types of legal structures available. You can choose the best option for you that suits your requirements depending on the business activity & amount of shareholders, a determinate type of entity can be best for you.
Free Zone Establishment (FZE)
An individual or a corporate can establish a Limited Liability Establishment in HFZ.
Free Zone Company (FZC)
FZC is a Limited Liability Company that has more than 1 shareholders and up to 50 as maximum.
Branch of a Local Company
Companies registered in the UAE, whether in Mainland or in another Free Zone can establish a branch in HFZ.
Branch of a Foreign Company
An international company, which has been incorporated outside the UAE, can establish a branch in HFZ to carry out its operations.
In HFZ you can have access to outstanding facilities that allow you to set an excellent place for your business. Some of the best facilities are the following:
- International Business Center
- Industrial facilities
- On-site accommodation
- Warehouses
- Transportation
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FAQ’s
Answers to Some Common Questions
What kinds of business licenses can you get to start a business in the Hamriyah Free Zone?
Investors can get licenses for companies, services, or industries. These permits allow individuals to perform various business operations. It includes manufacturing, professional advisory, trading, and specific e-commerce businesses.
What does the Hamriyah Free Zone (HFZ) mean, and what kinds of enterprises are most suited for it?
In Sharjah, Hamriyah Free Zone is one of the most important industrial centres. It is perfect for the oil and gas, food manufacturing, large-scale manufacturing, and maritime fields.
What are the key incentives to start a business in Hamriyah Free Zone?
Full ownership and revenue repatriation are two of the most important perks. Companies also benefit from low corporate taxes and having access to deep-water ports.
What kinds of enterprise structures and amenities can you find in Hamriyah Free Zone?
Company establishments and branch offices are examples of structures. The facilities available include furnished executive apartments, pre-built warehouses, and massive plots of industrial land for building custom factories.
What papers do you need to start a business in the Hamriyah Free Zone?
A short business plan, passport copies, and bank letters of recommendation are all standard criteria. Corporate applicants must submit board resolutions and certified copies of the incorporation.