Looking to establish your business in the UAE? The Hamriyah Free Zone, strategically located in Sharjah, offers many opportunities for entrepreneurs seeking a thriving business environment. Hamriyah Free Zone business setup stands as one of the UAE's largest and rapidly expanding Industrial Free Zones.
Hosting over 6500 companies from more than 160 nations, it has become a preferred destination for businesses. Its strategic location near Hamriyah port makes it ideal for logistics and trading enterprises. The zone accommodates a diverse array of industries, including Oil & Gas, Petrochemicals, Chemicals, Marine, Steel, Construction, Timber, Food Packaging, and Light Industries.
In this guide, we'll delve into the difficulties of Hamriyah company setup, exploring the process, benefits, and available licenses for aspiring entrepreneurs.
Hamriyah Free Zone, strategically located in the United Arab Emirates, stands as an opportunity for entrepreneurs seeking prime business facilities in the Middle East. With its seamless infrastructure and investor-friendly policies, Hamriyah belongs to ambitious visionaries worldwide. Hamriyah Free Zone business setup services pave the way for smooth establishment, offering customized solutions for companies keen on tapping into the region's lucrative markets. Whether it's navigating regulatory frameworks or securing essential permits, Hamriyah business setup services ensure a hassle-free experience, enabling businesses to focus on growth and expansion. As a dynamic hub for trade and commerce, Hamriyah Free Zone continues to attract ventures across diverse sectors, propelling economic prosperity and fostering innovation on a global scale.
Hamriyah Free Zone stands out as an ideal choice for business setup in the UAE due to several compelling reasons:
Situated in Sharjah, one of the seven emirates of the UAE, the Hamriyah Free Zone offers proximity to both the Arabian Gulf and the Indian Ocean, facilitating easy access to international markets.
The Business Setup in Hamriyah Freezone boasts modern infrastructure equipped with world-class facilities, including office spaces, warehouses, and manufacturing units tailored to meet diverse business requirements.
Hamriyah Free Zone is renowned for its investor-friendly policies, streamlined procedures, and tax incentives, making it an attractive destination for businesses across various sectors.
With its strategic location and excellent connectivity through sea, air, and road networks, companies operating in the Hamriyah Free Zone can easily tap into global markets, enhancing their competitiveness and growth prospects.
The following are categories of licenses available for Hamriyah company setup:
This license enables the holder to engage in the import, export, sale, distribution, and storage of specified items. There are three different categories:
TRADING: This license permits the import, export, sale, distribution, and storage of specified items.
GENERAL TRADING: This license allows for the trading (import, export) of an unlimited number of products.
E-COMMERCE: This license facilitates the trading of goods and services over electronic networks.
For business setup services for Hamriyah freezone in UAE this license grants the holder the ability to provide specified services or consultancy services as outlined in the license contract clause.
This license authorizes the importation of raw materials for the purpose of manufacturing, processing, and/or assembly of specified products, as well as packaging and exporting the finished products.
These are the available categories for legal structure for the business setup services for Hamriyah Freezone in uae
A Free Zone Establishment is a Limited Liability Establishment owned by a single natural or juridical person. It possesses a distinct legal entity and maintains independent financial liability.
A Free Zone Company is a Limited Liability Company owned by multiple shareholders. It holds a distinct legal entity and maintains independent financial liability.
A Branch or Subsidiary Company is a branch of a local company or a company incorporated outside the UAE.
Business setup services for Hamriyah Free Zone involves several steps, including:
Choose a Business Activity: Determine the type of business activity you intend to undertake, considering the permissible activities outlined by the free zone authority.
Select a Company Type: Decide on the appropriate legal structure for your business, whether it's a Free Zone Establishment (FZE), Free Zone Company (FZC), or a branch of an existing company.
Reserve a Trade Name: Select a unique trade name for your company and submit it for approval to the Hamriyah Free Zone Authority (HFZA).
Prepare Required Documents: Gather necessary documents, including passport copies of shareholders and directors, business plan, Memorandum of Association (MOA), and other relevant paperwork for Hamriyah free zone business setup .
Apply for License and Visa: Submit your license application along with the required documents to HFZA. Upon approval, proceed with visa processing for shareholders, employees, and dependents.
Obtain Necessary Approvals: Depending on your business activity, secure approvals from relevant authorities such as the Department of Economic Development (DED) and other regulatory bodies.
Commence Operations: Once all formalities are completed, you can commence your business operations in Hamriyah Free Zone and start capitalizing on the available opportunities.
Various company setups in Hamriyah Free Zone require specific documentation for establishment.
Copies of the shareholders and manager's passports
Copies of the shareholders and manager's visit/tourist visas
An attested "No Objection Letter" from the current sponsor (if holding a valid UAE employment visa)
Copy of the parent company's license
The parent company's certificate of incorporation
The parent company's memorandum and articles of association
A board resolution outlining branch/subsidiary establishment in Hamriyah Free Zone, appointing director, manager, and authorized signatory.
Copies of the directors' and manager's passports and visas
Business setup in Hamriyah Free Zone offers a myriad of benefits for entrepreneurs, including:
100% Foreign Ownership: Companies established in the Hamriyah Free Zone enjoy full foreign ownership, providing investors with complete control over their businesses.
Tax Exemption: Free zone businesses enjoy tax exemptions, fostering cost savings and profitability for a set duration.
Repatriation of Capital and Profits: Investors in Hamriyah Free Zone can repatriate 100% of capital and profits earned without restrictions
No Currency Restrictions: There are no currency exchange controls in the free zone, enabling seamless transactions in multiple currencies and facilitating international trade for Hamriyah company setup .
World-Class Infrastructure: Hamriyah Free Zone offers essential infrastructure like telecommunications and modern office and industrial spaces for business success.
Business setup in Hamriyah Free Zone presents a compelling opportunity for entrepreneurs to establish and grow their ventures in a dynamic and investor-friendly environment. The free zone's strategic location, policies, and infrastructure foster success for businesses in the global marketplace.
Dhanguard is your trusted partner for business setup services in Hamriyah Free Zone, UAE. With our expertise and dedication, we streamline the process of establishing your company in this thriving economic hub. From initial consultations to documentation and licensing, we provide comprehensive assistance every step of the way. Our team understands the unique requirements of Hamriyah Free Zone and ensures that your business setup is smooth and efficient.
Dhanguard simplifies Hamriyah company setup, freeing you to focus on core operations.
Hamriyah Free Zone is a strategic economic zone in the United Arab Emirates (UAE) offering various incentives for businesses, including 100% foreign ownership, tax exemptions, and state-of-the-art infrastructure.
Both local and international entrepreneurs can establish businesses in the Hamriyah Free Zone. The zone welcomes a wide range of industries, including manufacturing, trading, and services.
Hamriyah Free Zone allows various types of business entities, including free zone establishments (FZE), free zone companies (FZC), branches of foreign companies, and subsidiaries of local or foreign companies.
Some benefits include 100% foreign ownership, 100% repatriation of capital and profits, no personal income tax, no corporate tax, strategic location, access to world-class infrastructure, and simplified administrative procedures.
The process typically involves selecting a business activity, choosing a legal structure, applying for a trade license, leasing office or warehouse space, obtaining necessary approvals, and registering with relevant authorities.
Costs vary depending on the type of business activity and the chosen legal structure. Generally, expenses may include license fees, visa fees, office or warehouse rent, and additional service charges.
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