Service fees (USD) for the registration of companies in the Hamriyah Free Zone include license, rental of an office in the Hamriyah Business Center, stamps, business creation services and e-channel registration [1]. Corporate tax, stable banking system, ability to work in U.S. dollars, rapid registration of companies, the ability to create substance in the country of registration, and the ability to obtain a residence visa for shareholders and employees of the company.
Hamriyah Free Zone is the next generation free zone that guarantees that its management is more adaptable and dynamic than other investor-oriented free zones. Hamriyah has developed into an industrial centre for the Emirate of Sharjah. Establishment of companies in the free zone: The free zone was established by Emiri, as explained in an issue of 12 November 1995. Investors formed a beeline to locate companies in the zone once it was declared a designated VAT zone.
Most free zones in the UAE are exclusive to a single economic sector. Hamriyah, however, is one of the free zones that offer business opportunities in several industries. The free zone is divided into different zones. These zones offer opportunities for the creation of different types of companies. The most important feature of the Free Zone is that it is located in a strategic position of the country.
There are five options in the Hamriyah Free Zone. The cost of each of these options is different and divided into different sub-packages. The HFZ offers different packages depending on the type of company. The cost of setting up a business depends on the choice of these packages.
All business activities are welcome in the Hamriyah Free Zone. The Free Zone Establishment (FZE) is a limited liability company that can be incorporated into the Free Zone. The minimum capital requirement to be included in the FZE is DHS150,000 ($40,000), which also applies to land and warehouses.
Disadvantages of registering Hamriyah companies to establish a Free Zone Establishment (FZE) or Free Zone Company (FZC) in Sharjah require a minimum capital of AED150,000 (approx. 41,000 US dollars) as the minimum capital required to establish a branch of a foreign or local company and at least two directors and a secretary are required to establish the FZE or FZC.
Advantages and disadvantages of Hamriyah Company Registration Incorporating in the hamriyah free zone has been beneficial to our customers as hamriyah law does not require UAE nationals to hold a share in the registered entity. As a result, the company may be owned by foreigners.
The Hamriyah Free Zone Authority tries to ensure that its management is flexible, dynamic and investment-oriented for a free zone. Like other free zones, Hamriyah goes through various challenges and takes into account the global presence of Abu Dhabi and Dubai Free Zones, but it is not a race.
Hamriyah Free Zone company registration starts at 11,000 AED plus license fee. On top of that, you also have to rent a post office. The provisions of the Hamriyah Free Zone apply to 1 residence visa. Stock prices start at 85,000 AED for 300 sqm. The free zone is set up for one working day.
A major advantage of doing business in the UAE is the Hamriyah Free Zone in the Emirate of Sharjah. Due to its geocentric location, Sharjah is an important business centre, including key markets in Asia, the Middle East and Africa. The free zone is located in Sharjah, the capital of the United Arab Emirates.
Our Business setup Hamriyah free zone specialists individually address concerns relating to company registration and documents.
We also help clients with legal procedures, licences, taxes issues, and visa needs.
