Hamriyah Sharjah Free Zone Company Formation

Business Setup Services | Hamriyah Sharjah Free Zone

Many international investors want to open a business in a free zone in the UAE due to advantages like 100% ownership and complete tax exemption. Business setup in Sharjah free zone is catching the eyes of investors around the globe apart from Dubai and Abu Dhabi several companies interested in doing business here. One of the best and cheapest Free Zone for business in the UAE is the Hamriyah Free Zone in Sharjah. On November 1995 Emiree Decree established the Hamriyah Free Zone Authority (HFZA).

After the opening of HFZA the development of the United Arab Emirates’ industrial skyrocketed. The Free Zone has provided unique opportunities for investors to establish a business in a tax-free environment and competitive incentives. An area of approximately 22 million square meters of prime industrial commercial managed by the Free Zone and a 14-meter deep Hamriyah port, which has scope for expansion. As the pre eminent industrial base of the UAE Hamriyah Free Zone is playing a prominent role with its unique strategic location between 3 continents and serving a growing market of 1.5 billion people.

Types of Entities in Hamriyah Free Zone

  • To open a Free Zone Establishment you need only 1 shareholder
  • To open a Free Zone Company you need 2 to 5 shareholders
  • Branch of a Foreign Company
  • Branch of a Local Company

Zones in Hamriyah Free Zone

  • Hamriyah SME Zone
  • Hamriyah Logistic Village
  • Hamriyah MB Zone
  • Hamriyah Industrial Zone

Advantages of Business Setup in Hamriyah Free Zone

  • 100% foreign ownership
  • 100% repatriation of capital and profits
  • No customs duty
  • No currency restriction
  • Affordable cost of living
  • Abundant and reasonably priced energy
  • Exclusively designed and furnished executive office suites
  • You can get land on lease for 25 years and can renew for another 25 years
  • Pre-built warehouse and office units for lease
  • Liberty for personnel recruitment and economical workforce

Business Setup in Hamriyah Free Zone

With the hard work and dedication Hamriyah Free Zone has been continuously contributing to the economy of the UAE for more than 2 decades and a large emphasis is put on nurturing small and medium-sized enterprises (SMEs). Company registration is the same for any individual or company as the other free zone with more or less the same documents required.

Before the process of the business setup decide which business activity you want to choose. After you select your activities you need select and appropriate license. But before that, don’t forget to register your business at the free zone portal. After the documents are approved, which won’t take more than a week, you are good to go ahead and start your business.

Documents for a License in Hamriyah Free Zone

  • These are documents you need to provide for business setup
  • Passport copies of the shareholders
  • A copy of your visa
  • Online application signed by the shareholders
  • The documents should be signed in the presence of the authority
  • Your passport size photo
  • Name and activity approvals

Why Set Up in Hamriyah Free Zone?

To make sure that management is flexible and dynamic Hamriyah Free Zone Authority is continually using new methods to help businesses make fell special and besides being an investment-oriented free zone. Hamriyah zone has its challenges just like any other Zone goes through different challenges but Hamriyah Free Zone in Sharjah is not behind in the race taking into consideration the global presence of Abu Dhabi and Dubai free zones and because of that many international investors are coming here for business opportunities.

The benefits which make investors interested in investing money in Hamriyah

1. 100% Foreign Ownership

Some Free Zones in the UAE where you need to have a local investor in order to start a business and the sponsor have to own 51% of the shares of the company. But in free zones, there is no such problem. An expat can have 100% ownership of his/her company.

2. Location

As mentioned before, Hamriyah enjoys a strategic geographic location by being accessible via land, sea, and air. It provides easy transport services and reduces wasting of time that why several investors find this beneficial and a good number of international companies situated in the free zone.

3. Tax Exemption

Another benefit of setting up a business in Hamriyah Free Zone is tax exemption. For some goods and services, corporate and income taxes are still not required to be paid to the government even if the value added tax has already been implemented in the country.

Hamriyah Free Zone has access to the UAE and GCC markets and enjoys many such leverages. Hamriyah provides access to different markets, land, places and several other facilities which help in your business growth and that why you need to open your business here.

BCM Corporate Services Can Help You !

1. GET A VISA WITH FLEXI-DESK:

While Dubai World Trade Centre Free Zone is home to a large number of multinational corporations, it’s also very popular with smaller businesses – and its flexi-desk package is a big reason. Flexi-desk is perfect for entrepreneurs who don’t want to commit to permanent physical office space, but still require the ad-hoc use of office equipment and facilities such as meeting rooms. But the key benefit here is that with DWTC’s flexi-desk package you can apply for multiple visas.

2. NO NEED TO COMMIT TO OFFICE SPACE:

For those who require more flexibility than a flexi-desk, Dubai World Trade Centre allows you to set up shop without committing to any office space at all – simply register your business in the free zone and work from wherever you wish. If an office is a requirement, however, DWTC has you covered here as well. Entrepreneurs have the option of taking permanent office space in DWTC’s business centre – currently located in Sheikh Rashid Tower but soon to move to brand new facilities in the coming months.

3. STRAIGHTFORWARD AND AFFORDABLE SETUP:

Whatever type of business you wish to form, Dubai World Trade Centre company setup is fast, simple and affordable. Starting a Free Zone Establishment (FZE), a Free Zone Company (FZCO) or a branch of an existing business in DWTC can be very reasonable. In fact, for the flexi-desk option it may be as low as AED 41,000. As for the process, all is taken care of through the Dubai Department of Economic Development (DED) special project counter and therefore follows the standard DED company formation process.

4. NO REQUIREMENT FOR NOC FROM A LOCAL SPONSOR:

Another reason why Dubai World Trade Centre Free Zone appeals to smaller businesses is that it does not require entrepreneurs to provide a No Objection Certificate (NOC) from a current employer. This is ideal for first time entrepreneurs wishing to set up side businesses within the free zone while still employed.

5. A VARIETY OF BUSINESS TYPES AVAILABLE:

Perhaps the biggest reason why DWTC is one of the UAE’s most bustling business hubs is that it is open to such a wide variety of businesses. Entrepreneurs wishing to set up here can select any DED listed business activity – that’s a choice of over 2,000 from industries as diverse as agriculture, construction and finance.

6. SHARE CAPITAL REQUIREMENTS:

To set up in Dubai World Trade Centre Free Zone you simply deposit AED 300,000 in paid upfront share capital and provide proof that you have done so. While this is certainly a barrier for some, it’s a relatively small cost for setting up in such a prestigious location. If you wish to set up a branch of an existing company, no share capital is required.

7. NO AUDITING OR BOOK KEEPING REQUIRED:

Anything that can lighten the administrative burden can only be a good thing. Fortunately, Dubai World Trade Centre is on hand to help. Not only is there no annual audit for DWTC businesses but there’s also no ongoing book keeping requirements.

8. EASY TO ARRANGE YOUR CORPORATE BANK ACCOUNT:

Another way DWTC can help to reduce admin is by assisting with the opening of your corporate bank account. As well as advising you on the best banks to suit your needs, Dubai World Trade Centre staff can also arrange meetings with your chosen financial institutions should you so wish.

9. EASY TO SPONSOR DEPENDANTS:

As well as making it easy to apply for your own visa, it’s also straightforward for entrepreneurs in Dubai World Trade Centre to sponsor dependants for their residence visas as well. Whether you wish to sponsor a maid, driver or family member, the process is relatively easy – entry permit, status adjustment, medical fitness test, then Emirates ID registration and visa stamping. As this is such an important process, it’s a good idea to get advice from an expert in setting up UAE free zone businesses. This ensures that before you start an application, both you and those you’re hoping to sponsor meet all of the entry criteria.

10. SET UP WITH MULTIPLE SHAREHOLDERS:

Another major draw for large businesses toward Dubai World Trade Centre is that it allows for setup with multiple shareholders – which can be individuals, corporate entities or a combination of the two. Entrepreneurs wishing to set up such a business simply need to register a Free Zone Company.

11. WORLD CLASS LOCATION AND FACILITIES:

Dubai World Trade Centre’s strategic location is yet another factor behind its tremendous popularity. Its transport links include the Dubai Metro and close proximity to Al Maktoum International Airport. Plus, at the heart of its complex is the Dubai International Convention and Exhibition Centre making DWTC the perfect home for entrepreneurs looking to network, collaborate and engage with likeminded professionals from around the world.

12. COMPETITIVE EDGE:

Dubai World Trade Centre’s location, coupled with its low setup costs can offer businesses a real competitive edge. At the heart of Dubai’s financial district, next door to Dubai International Financial Centre, DWTC offers businesses a prestigious office address without the sky-high costs usually associated with the area.

CALL

+ 971 502585921

TALK TO OUR BUSINESS SETUP EXPERTS & GET INSTANT SOLUTION FOR YOUR BUSINESS

Simple and straightforward is always the easiest way. We explain every aspect so you understand each step of the process.
Get a Quote Today

Company Registration Service in Hamriyah Sharjah Free Zone Know business setup cost & Package with Tariff for Hamriyah Sharjah Free Zone. You will get Hamriyah Sharjah Free Zone Office at affordable cost, You can see several new companies in Hamriyah Sharjah Free Zone generating good Revenue. Read on Hamriyah Sharjah Free Zone Jurisdiction and Benefits of setting up of company in Hamriyah Sharjah Free Zone. We help you getting Business License in Hamriyah Sharjah Free Zone. Rules & Regulations in Hamriyah Sharjah Free Zone are similar to other free zones in UAE. You might have read about the activities, advantages employee benefits of Hamriyah Sharjah Free Zone. Get a quote today and know about license fees & trade license cost towards establishment of Hamriyah Sharjah Free Zone.

CONTINUOUSLY GROWING WITH
YOU.

0 +
Years Established
0 +
Satisfied Customers
0 +
Countries
0 +
Languages Spoken