Hamriyah Free Zone is the next generation free zone that guarantees that its management is more adaptable and dynamic than other investor-oriented free zones. Hamriyah has developed into the industrial centre of the Emirate of Sharjah. Investors form a beeline to locate companies in the free zone once it has been declared a designated zone by the VAT for this purpose. Company formation in the Hamriiyah Free Zone: The Free Zone was established when Emiri declared the problem on November 12, 1995.
By using this tactic, the government expects a flood of investors to come and do business in the hamriyah free zone company setup. This type of strategy will help to encourage business start-ups in the free zone. From SMEs to branch offices, start-ups in the Free Zone can find a home precisely in the area and type of industry.
Hamriyah Free Zone company registration starts at 11,000 AED as royalty. On top of that, you have to rent a post office. The Hamriyah Free Zone can be established within one working day. Prices start at 85,000 (AED) for 300 sqm. The free zone has provisions for applying for a residence visa.
This zone is an ideal facility for SMEs as it complements the quick and easy e-office package. The micro-business zone of HFCs is tailored to the needs of the owners of micro-enterprises. Micro-enterprises are enterprises with fewer than 5 employees, whether family-owned or self-owned. It meets the needs of micro-entrepreneurs with a convenient, efficient, problem-free and practical solution.
All business activities are welcome in the Hamriyah Free Zone. The Free Zone Establishment (FZE) is a limited liability company that can be incorporated into the zone. The minimum capital requirement for inclusion in the Free Zone is DHS150,000 ($40,000) (applicable to land and warehouses).
The service fees (in USD) for the registration of companies in the Hamriyah Free Zone include a license, the rent of an office in the Hamriyah Business Center, stamps for business start-up services and registration by e-mail [1]. The corporate tax, stable banking system, ability to work in U.S. dollars, rapid registration of companies, the ability to create substance in the country of registration, and the ability to obtain a residence visa for shareholders and employees of the company.
FZE / FZC is a limited liability company. It is a branch of local and foreign companies in the free zone, licensed for establishment and registration. Not a natural or legal person, but a company established as FZE or FZC in the Hamriyah Free Zone.
$41,000 Minimum capital required to establish branches of foreign or local companies At least two directors and a secretary are required to establish a free zone for the establishment of an FZE or Free Zone Company (FZC). Disadvantages of the registration of Hamriyah companies The establishment of a free zone for the establishment of FZs in Sharjah requires a minimum capital of AED150,000.
The Board’s decision to open a branch in the Hamriyah Free Zone appoints the head of Free Zone Operations to certify a copy of his passport and power of attorney. The reference letter from the Bank on the creditworthiness of the company must be original. Local and international companies must have a license or certificate of commercial registration from the Economic Department.
Hamriyah Free Zone (HFZ) assigns two types of corporate structures to the company and its investors. Free Zone Establishment: This is a single ownership situation where a single shareholder is sufficient. A Free Zone Company is a type of company that has several shareholders.
The Hamriyah Free Zone Authority tries to ensure that its management is flexible, dynamic and investment-oriented for a free zone. Like other free zones, Hamriyah is undergoing various challenges and is not in a race, given the global presence of Abu Dhabi and Dubai Free Zones.
Hamriyah has evolved into a more customer-friendly zone suitable for both small and large businesses. If you need an office or warehouse at a reasonable price and don’t mind the remote location, the Al Hamriyah Free Zone in Sharjah is your option.
The low annual licensing fees make it attractive for manufacturing companies and service providers. Hamriyah is located on the west coast of Sharjah. With a deep-water port, an import / export-oriented infrastructure, international entrepreneurs can establish themselves in the free zone by establishing a FZE (Free Zone Company) or FZC for international trade activities.
A major advantage of doing business in the UAE is the Hamriyah Free Zone in the Emirate of Sharjah. Due to its geocentric location, Sharjah is an important business centre, including key markets in Asia, the Middle East and Africa. The free zone is located in Sharjah, the capital of the emirate.
Commercial Licenses: Commercial licenses allow the holder to import, export, sell, distribute and store items specified in the license. Service Licenses: Service licenses allow holders to perform services specified in a service license within the Hamriyah Free Zone.
Depending on this, you will need to apply for the appropriate license. The process of setting up a business in the Hamriyah Free Zone is exactly the same as in any other Free Zone, and more or less the same documents are required. To start the process, decide which business activities you want to continue.
Your application will be approved within 1-2 weeks. Once your application is approved, you will receive a certificate of incorporation and a business license. We have listed a few reasons why you should start a business posthumously in the Hamriyah Free Zone.
