Jurisdictions >> Hamriyah Free Zone >> Hamriyah Free Zone Company Formation

Hamriyah Free Zone. Hamriyah Free Zone Company Formation.

Worldwide Incorporation Services specializes in Hamriyah Free Zone Company Formation, establishment of branches of local and foreign companies, opening bank accounts and visa processing services.

Hamriyah Free Zone – General Information

Emirate: Hamriyah.
Country: UAE.
Location: Middle East, bordering the Gulf of Oman and the Persian Gulf, between Oman and Saudi Arabia.
Time Zone: UTC+4.
Currency: Emirati dirham (AED).

Hamriyah Free Zone – Overview

Welcomed business activities:

All business activities are welcomed by the Hamriyah Free Zone.

Key Benefits of Hamriyah Free Zone Company Formation

No corporate tax
No personal income tax
100% foreign ownership
100% repatriation of capital and profits
Allowed to do business in the UAE
Allowed to have an office in the UAE
Company can hold an account in a bank in the UAE
Possibility to get resident or employment visas for investor and employees

Hamriyah Free Zone Company Formation – Company Types

The Hamriyah Free Zone Authority allows two types of business setups:

Free Zone Establishment (FZE) is a single share holder limited liability company which can be incorporated in Hamriyah Free Zone. The minimum capital requirement for incorporating a Free zone Establishment (FZE) is Dhs.150, 000 (Approximately US$ 40,000) (Applicable for Land / Warehouses). This will not be blocked, but can be used for business.

Free Zone Company (FZC) will be a similar incorporation with multiple shareholding (maximum 5 shareholders).

Hamriyah Free Zone – Required Documents

Passport copy of owners
No Objection letter from current sponsor (if holding a valid UAE visa) attested from Chamber of Commerce OR Visit/Tourist visa

* Hamriyah Free Zone reserves the right to obtain additional documents if required.

Types of License in Hamriyah Free Zone

The categories of license available within the Hamriyah Free Zone are:

Commercial License

This license will allow the holder to import, export, sell, distribute and store items specified on the license. If the finished products are sold in the UAE market then the License holder will need to do this through a local distributor or a local agent.

Industrial License

This license will allow the holder to import raw materials for the purpose of manufacturing, processing and/or assembly of specified products. The finished products may be exported outside the UAE. If the finished products are sold in the UAE market then the License holder will need to do this through a local distributor or a local agent.

Service License

This license allows the holder to carry out the services which are specified on the license within the Hamriyah Free Zone only.

Calculating Your New Free Zone Company in the Hamriyah Free Zone

This is always crucial to understand the initial costs for a company start-up. Below is an overview of the basic expenses associated with a company registration in the Hamriyah Free Zone:

1.Type of License and Facility

Each activity of a company falls under a specific License Type. Being a Hamriyah Free Zone licensed entity you are required to rent an office. Investors can choose between E-Office in Porta Cabins and Office in Pre-fabricated Buildings available exclusively for their companies. The Hamriyah Free Zone offers special packages combining license and facility type – “all in-one” for start-up companies.

Commercial or Service Trading License

type of FACILITY

Porta Cabin Building– 10 sq.mt.

Pre-fabricated Building – 15 sq.mt.

Pre-fabricated Building – 20 sq.mt.

VISA ELIGIBILITY

6-7

ANNUAL COST

AED 25,000

AED 39,000

AED 46,000 - 55,000

Cost includes: incorporation fee, service fee, license fee, deposits, utilities and facility.

General Trading License

type of FACILITY

Porta Cabin Building– 10 sq.mt.

Pre-fabricated Building – 15 sq.mt.

Pre-fabricated Building – 20 sq.mt.

VISA ELIGIBILITY

6-7

ANNUAL COST

AED 35,000

AED 48,000

AED 55,000 - 63,000

Cost includes: incorporation fee, service fee, license fee, deposits, utilities and facility.

2. Other Documents

Establishment Card is a mandatory document to enable the company register in the Residency Department. P.O. Box registration is required.

DOCUMENT

Establishment Card

P.O. Box Registration

COST

AED 1,200

AED 850

3. Visa Application

The manager of the company is the first person who is eligible to obtain visa in the Hamriyah Free Zone. The visa application should be submitted when the passport holder is outside of the UAE. Employment / residence visa is valid for 2 years.

VISA APPLICATION

Resident Visa Application

Medical Test and Emirates ID

COST

AED 3,500

AED 1,270

* For staff, additional one month salary + one way ticket equivalent applicable

4. WIS Hamriyah Free Zone Company Formation Packages

Three packages are available for clients’ choice depending on individual needs.