Hamriyah Free Zone Authority
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Hamriyah Free Zone Authority (HFZA)
Hamriyah Free Zone stands as a prominent and rapidly expanding Industrial Free Zone within the UAE. It accommodates a diverse community of 6500+ companies from over 160 nations. Positioned near Hamriyah port, it’s particularly favored by logistics and trading enterprises. Operating across sectors such as Oil & Gas, Petrochemicals, Marine, and more, Hamriyah Free Zone in Dubai is a bustling hub for businesses seeking strategic growth opportunities.
Distinctive Features of Hamriyah Free Zone
- Remote Company Registration: You can register your new company without the necessity of being physically present in the UAE.
- NOC Not Required: Unlike many other zones, Hamriyah Free Zone doesn’t mandate a No Objection Certificate (NOC) for initiating your company.
- Freedom in Hiring: There are no limitations on hiring foreign employees, providing flexibility in building your workforce.
- Complete Foreign Ownership: Enjoy the privilege of 100% foreign ownership, enabling you to maintain control of your business.
- Unrestricted Fund Transfer: The flexibility of 100% free transfer of funds facilitates smooth financial operations.
- Capital Repatriation: The zone imposes no restrictions on the repatriation of capital, ensuring easy management of your financial resources.
- Zero Import or Re-export Duties: Businesses operating in Hamriyah Free Zone benefit from a favorable 0% import and re-export duty policy.
- Zero Personal Income Tax: Employees and individuals associated with companies in the zone are exempt from personal income tax.
- No Mandatory Share Capital or Annual Audit: You are not required to maintain a specific share capital amount or undergo an annual audit, simplifying financial obligations.
- Swift Documentation: All necessary documentation is issued within a mere 2-day timeframe, expediting the setup process.
- Efficient Digital Procedures: Embrace a streamlined digital approach for all formalities, making the entire process cost-effective and straightforward.
Hamriya Free Zone Business Setup in Dubai –Types of Licenses Available
Companies established in Hamriyah Free Zone are required to obtain a license to operate legally. There are three distinct license options to choose from:
- Commercial License: Allows you to engage in trading and commercial activities within the free zone.
- Service License: Ideal for service-oriented businesses, enabling you to provide various services within the free zone.
- Industrial License: Tailored for industrial and manufacturing operations, permitting you to set up manufacturing facilities and conduct related activities.
Documentation required for establishing a Company in Hamriyah Free Zone in Dubai
When initiating the process of setting up a business in Hamriyah Free Zone in Dubai, it’s essential to have a specific set of documents approved by the relevant authorities. The following list outlines the documents you need to submit:
For Establishing a Free Zone Establishment (FZE) or Free Zone Company (FZC):
- Passport copies of shareholders and managers.
- Copy of the shareholder’s and manager’s visit or tourist visa.
- An attested “No Objection Letter” from the current sponsor (if holding a valid UAE employment visa).
For Opening a Subsidiary Company:
- 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 the intent to establish a branch or subsidiary in Hamriyah Free Zone. This resolution should also mention the appointed director, manager, and authorized signatory.
- Copies of the directors’ and manager’s passport and visa.
Procedure for Establishing a Company in Hamriyah Free Zone
Setting up a company in Hamriyah Free Zone in Dubai can be a streamlined process when you follow the steps mentioned below. LinksUAE’s expertise, you’ll navigate through these steps effortlessly:
- Complete the application forms and ensure they are signed, accompanied by the required documents.
- Make the payment.
- Once the formalities are completed, collect your trade license.
Advantages of Choosing Hamriyah Free Zone for Business Setup in Dubai
Selecting Hamriyah Free Zone for business setup in Dubai offers several advantages that make the setup process hassle-free and cost-effective:
- Seamless and straightforward company formation procedure.
- Cost-effective solution compared to other options in the UAE.
- Single registration process along with efficient name approval.
- No need for a No Objection Certificate (NOC) during the company formation process.
LINKS CORPORATE CONSULTANTS Business Setup Services is dedicated to handling the intricacies of business setup procedures, offering comprehensive support for the establishment of your company in Hamriyah Free Zone in Dubai. Our expert team is well-versed in the nuances of the setup process, ensuring a seamless experience for you. For more information, get in touch with us today!