Hamriyah Free Zone Authority
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Hamriyah Free Zone Authority (HFZA)
Hamriyah Free Zone, situated under the jurisdiction of the Emirate of Sharjah, stands as the second-largest free zone in the United Arab Emirates, following closely behind JAFZA. It has been steadily expanding in both its physical size and the number of companies it accommodates.
Numerous prominent national and international enterprises have chosen to establish their companies in Hamriyah free zone Sharjah.
This particular free zone boasts a range of logistical advantages. Sharjah, being the only emirate with access to both the Arabian Gulf and the Gulf of Oman, positions Hamriyah Port advantageously. Moreover, Sharjah’s central location within the UAE, along with its well-connected road network linking it to all six emirates and neighboring GCC states, enhances its accessibility. Notably, Sharjah International Airport further bolsters its connectivity, offering flights to 230 cities.
When registering a company in the Hamriyah Free Zone in the United Arab Emirates, there are several documents required, and there are numerous benefits associated with this business setup. Here is an overview of the documents needed and the advantages of registering a company in Hamriyah Free Zone:
Documents Required - Hamriya Free Zone Sharjah Company Registration
- Application Form: A completed application form provided by the Hamriyah Free Zone Authority.
- Business Plan: A comprehensive business plan outlining your company’s activities, projected financials, and business objectives.
- Passport Copies: Passport copies of all shareholders and directors of the company.
- No Objection Certificate (NOC): If applicable, a NOC from the current sponsor or employer of the shareholders or directors.
- Memorandum and Articles of Association: Drafted in accordance with Hamriyah Free Zone regulations.
- Bank Reference Letter: A bank reference letter for each shareholder and director.
- Proof of Address: A copy of a utility bill or other proof of address for each shareholder and director.
- Board Resolution: If your company has a corporate shareholder, a board resolution authorizing the investment in the UAE and appointing a representative.
- Specimen Signature: A specimen signature of each shareholder and director.
- Initial Capital: Proof of payment of the required share capital.
Benefits of Hamriyah Free Zone Company Registration
- 100% Foreign Ownership: Companies registered in Hamriyah Free Zone can have 100% foreign ownership, which means you have full control of your business.
- Tax Benefits: There are no corporate taxes, personal income taxes, or import/export taxes in Hamriyah Free Zone, providing significant cost savings for businesses.
- Centralized Location: Hamriyah is strategically located with access to both the Arabian Gulf and the Gulf of Oman, making it an ideal location for businesses engaged in trade and logistics.
- Great Infrastructure: The free zone offers modern infrastructure, including state-of-the-art office spaces and warehousing facilities.
- No Restrictions on Currency: There are no currency restrictions, allowing for easy repatriation of profits and capital.
- Full Repatriation of Profits: Companies can repatriate 100% of their profits and capital.
- No Import/Export Duties: Businesses in Hamriyah Free Zone are exempt from import and export duties.
- Fast and Easy Setup: The registration process in Hamriyah Free Zone is known for its efficiency and speed, enabling businesses to start operations quickly.
- Access to a expert workforce: The UAE has a diverse and skilled workforce that is readily available for businesses operating in Hamriyah.
- Various Business Activities: Hamriyah Free Zone offers a wide range of permitted business activities, allowing for flexibility in choosing the type of business you want to establish.
- State-of-the-Art Facilities: Access to modern amenities and infrastructure, including advanced telecommunications services and business support.
- Free Zone Benefits: Companies operating in free zones are not subject to UAE’s commercial company law, providing more flexibility in business operations.
What is the Process of Company Registration UAE?
- Process of Choose your business activity and license type.
- Select your company type (FZE, FZC, or branch).
- Submit an application and a business plan.
- Get your trade name approved.
- Determine and provide the required share capital.
- Prepare legal documents and obtain necessary approvals.
- Compile and submit required documents.
- Pay registration and license fees.
- Finalize a lease agreement for office or warehouse space.
- Attend legal procedures, sign documents.
- Receive your business license.
- Process UAE residency visas if needed.
- Begin business operations.
It’s important to note that while the Hamriyah Free Zone company setup offers numerous benefits, the specific advantages and requirements may vary depending on the type of business and its intended activities. Consider consulting our team of experts at Insight 360 Corporate Consultants for assistance with company registration in the Hamriyah Free Zone. For more details, request a free consultation today!
