Company Formation

Hamriyah Free Zone Company Setup

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Company Formation

Hamriyah Free Zone (HFZ)

The creation of free zones is one of the most important factors that have led the business community considering Dubai as the favourite place to invest their hard earned money. Every business setup in Dubai has been able to not only cover the Middle East but also reach the other areas of Asia. In other words, UAE provides a route for companies to reach the markets in the Asian region.

Hamriyah Free zone is located in Sharjah, a city in the UAE which where people and the businesses have access to an international airport as well as a seaport that allows goods to come in and go out to the rest of the world. The Hamriyah free zone allows the Dubai free zone companies operating within its boundaries to connect with the market easily. It is not only the location of the free zone but also the infrastructure developed around it that has made it possible for the companies to access markets and people. 

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Features of the Hamriyah Free Zone (HFZ)

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Business setup in HFZ

The HFZ Authority allows Dubai free zone companies to register businesses and obtain licenses. Once this is done by the companies, they are able to enjoy the world class business facilities being provided by the free zone. Some of these are business friendly infrastructure, complete repatriation of the profits earned and complete ownership without the need of a local sponsor to own 51% of company shares.

Business setup in Dubai has been made easier thanks to the policies being followed by the free zone authorities. The registration process for companies is easy and quick which reduces the frictions caused by time and load of documentation as well.

The two types of companies that the authorities allow to be formed in the HFZ are free zone companies and Branch Office businesses. For the former, requirements such as the minimum land requisition and warehousing facilities are to be fulfilled if free zone companies are to be incorporated. For the branch office, there is no minimum capital requirement.

Open branch office in Hamriyah

There are two types of branch offices that can be established in the HFZ. For the branch office of local company, the requirements are: For the branch office of an international company, the requirements are:

Business licenses offered by HFZ

The three types of licenses offered by the HFZA are industrial license, commercial license and service license. The industrial license allows manufacturing and other such activities.

The commercial license allows companies to export, import and sell goods that are mentioned on the license. The third type, service license allows companies to provide specialized professional services to its clientele.

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