Hamriyah Free Zone in Sharjah is one of the leading destinations for setting up businesses in the UAE, thanks to its strategic location and ideal business environment. Hamriyah Free Zone offers attractive investment opportunities for local and international investors, including individuals from the Gulf countries, who are looking to expand their business activities in the UAE market.

Hamriyah Free Zone is distinguished by its prime location on the coast, which provides easy access to the sea and logistics services. This strategic location makes it an excellent starting point for companies seeking to expand into the Middle East and global markets. Moreover, the zone provides advanced infrastructure including commercial facilities and warehouses, which contributes to facilitating business operations and growth.

Hamriyah Free Zone offers numerous benefits including 100% tax exemption on profits, 100% foreign ownership, and simplified incorporation procedures. It also supports companies in the zone with a variety of services such as fast registration, easy licensing, and ongoing support from the authorities.

Establishing a company in Hamriyah Free Zone can be an ideal option for Gulf investors looking to benefit from a flexible and supportive business environment. Whether you are thinking of starting a new business or expanding your existing business, Hamriyah Free Zone provides all the resources and facilities you need to achieve success in the UAE market.

In this article, we will review the basic steps for establishing a company in the Hamriyah Free Zone, and highlight the advantages that make it a distinguished investment destination in the UAE.

 

Steps to establish companies in the Hamriyah Free Zone

To establish a company in a free zone such as Al Hamriya in Dubai, the following steps must be followed:

1. Choosing the type of company: Before starting the incorporation process, you must choose the appropriate type of company, such as a sole proprietorship, limited company, joint stock company, etc.
2. Determine the business activity: The company’s activity must be precisely defined in accordance with the local laws and regulations in the Hamriyah area.
3. Choosing a company name: You must choose a unique and appropriate name for the company and make sure that it complies with the rules of naming companies.
4. Identify shareholders: The shareholders and their share in the capital must be identified.
5. Determine the capital: The capital required to establish the company must be determined and transferred to the designated bank account.
6. Preparing the necessary documents: The documents required to establish the company must be prepared, such as the company incorporation form and the partnership agreement (if it is a partnership company).
7. Submitting the application: The application for establishment and the required documents must be submitted to the local regulatory authority in the Hamriyah area.
8. Obtaining the necessary licenses: After reviewing the documents, the necessary licenses and approvals are obtained from the relevant authorities.
9. Opening a bank account: The company must open a bank account to manage financial matters.
10. Tax Registration: The company must register for taxes and comply with applicable tax legislation.

Business activities permitted in Hamriyah Free Zone

The Hamriyah Free Zone in Dubai offers a wide range of business activities that can be carried out within it. Activities permitted in the Hamriyah Free Zone may include but are not limited to the following:

• General trade: selling and distributing products and goods in general.
• E-commerce: Establishing and managing companies operating in the field of e-commerce.
• Financial Services: Providing financial services such as investment, insurance, banking, etc.
• Technology and Innovation: IT company formation, software, technical development, and innovation.
• Consulting Services: Providing consulting services in various fields such as management, marketing, technology, etc.
• Tourism and Hospitality: Establishing and managing hotels, resorts, and tourism companies.
• Manufacturing: establishing industrial companies to produce various products.
• Research and Development: Establishing companies working in the field of research and development in various industries.
• Education and Training: Providing education and training services in various fields.
• Medicine and healthcare: establishing and managing medical centers and hospitals and providing healthcare services.

Cost of establishing a company in Hamriyah Free Zone

Establishing a company in the Hamriyah Free Zone requires considering several factors that affect the total cost. These factors include:

• Licensing Fees: Includes commercial licensing fees that depend on the type of business your company will be conducting. Fees vary depending on the nature of the business and the size of the business.
• Registration fees: There are registration fees paid when establishing the company, and these fees include the costs of preparing legal documents and registering with the relevant authorities.
• Office Rental Cost: It depends on the size and type of space you need, whether it is a small office or a larger warehouse. Hamriyah Free Zone offers a variety of options to suit the needs of different companies.
• Visa fees: This includes the cost of obtaining work visas for employees, and these fees vary depending on the number of visas required and the classification of the workforce.
• Administrative Services Costs: There are additional costs such as legal services, business consulting, and administrative services that your company may need.
• Infrastructure costs: If your business requires special facilities such as warehouses or factories, there will be additional costs associated with infrastructure.
• Costs of opening a bank account: The company needs to open a bank account to manage its money, and this process may involve fees that vary depending on the bank and its requirements.
• Annual License Renewal Costs: You should take into account the annual costs of renewing the business license and other fees associated with continuing to operate within the free zone.

Advantages of establishing a company in Hamriyah Free Zone

Establishing a company in a free zone such as Al Hamriya in Dubai can provide many advantages and benefits, including:

1. Full Foreign Ownership: Dubai’s free zone system allows 100% foreign ownership without the need for a local partner.
2. Exemption from customs duties: Companies in the free zones enjoy exemption from customs duties on import and export.
3. Flexible legislative environment: Free zones provide a flexible and favourable legislative environment that facilitates the procedures for establishing and operating companies.
4. Government Facilities: The government provides direct support and facilities to companies in the free zones in order to encourage business.
5. Access to the global market: Dubai’s free zones are a hub for global trade, providing opportunities for companies to access new markets.
6. Advanced Infrastructure: Free zones have advanced infrastructure that supports businesses effectively.
7. Financial Freedom: Free zones provide an environment free from financial restrictions for companies.
8. Tax Concessions: Companies in free zones enjoy tax concessions such as no income and corporate taxes for a specified period.
9. Access to diverse human resources: Free zones attract talented employees from all over the world, providing opportunities for companies to access diverse human resources.

In conclusion, establishing a company in the Hamriyah Free Zone is a promising strategic move for investors seeking to enter a vibrant market and look for innovative business opportunities. Thanks to its strategic location in the heart of Sharjah and proximity to major ports, the Hamriyah Free Zone offers advanced logistical and commercial advantages that enhance companies’ ability to expand and grow.

Hamriyah Free Zone is an ideal destination for investors looking to benefit from a flexible business environment, offering significant facilities including tax exemptions, low operating costs, and easy registration and licensing procedures. These advantages make Hamriyah Free Zone an attractive option for investors, especially those seeking operational efficiency and cost effectiveness.

Hamriyah Free Zone’s commitment to providing comprehensive support to investors, through a streamlined regulatory environment and advanced logistical support, contributes to accelerating the process of establishing companies and ensuring their success. In addition, the continuous support from government agencies and local authorities ensures that investors have the necessary resources and appropriate guidance at every stage of establishment.

Top Frequently Asked Questions About Establishing a Company in Hamriyah Free Zone