Hamriyah Free Zone

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Hamriyah Free Zone (HFZ) is located in Sharjah, United Arab Emirates, which gives the free zone a geographic advantage unlike any other free zone in the country and access to international markets through land, sea and air. HFZ is fast becoming one of the cornerstones of the United Arab Emirates economic miracle. As the second largest free zone in the UAE, HFZ wants to remain flexible and dynamic besides being an investor oriented free zone.

Hamriyah Free ZoneHamriyah Free Zone is a free zone with a special focus on the Small and Medium Enterprises (SME) sector. Apart from a tax-free environment, full ownership of business and state-of-the-art facilities and infrastructure, it offers unique business solutions for SMEs that include discounted lease rents, simplified procedures and minimum formalities. Quality & standard of service lies at the heart of Hamriyah Free Zone’s reputation & credibility.

Hamriyah Free Zone has implemented an Integrated Management System (ISO9001:2008, ISO14001:2004, OHSAS18001:2007 International Standards by TUV NORD, Germany) to effectively meet its commitment on Safety, Health, Environment and Quality (SHE-Q).

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ADVANTAGES OF SETTING UP IN HAMRIYAH FREE ZONE

  • Business License issuance in 5 days or less
  • Developed infrastructure
  • Low setup costs
  • Low labour costs
  • 100% Foreign company ownership is allowed
  • 100% Import and Export tax exemption
  • 100% Exemption from all commercial levies
  • 100% Repatriation of capital and profits allowed

CHARACTERISTICS

LEGAL ENTITIES PERMITTED
Free Zone Establishment (FZE), Free Zone Company (FZC), Branch of a foreign Company, and Branch of a UAE Company.

TYPE OF LICENSES ISSUED
Trading, Services, Industrial & Commercial

SHAREHOLDERS
One Shareholder for FZE, Minimum two and maximum five for FZC

SHARES
No bearer shares will be allowed.  All shares must be fully paid when allocated. No different classes of shares allowed.

SHARE CAPITAL
Original Bank Share Capital Letter is required if the Share capital is more than the License fees, otherwise it is exempted.

DIRECTORS
Minimum number of Directors Two and Maximum five. No corporate directors allowed.

MANAGER
Every FZE / FZC company shall have a manager who must also be under the company’s visa. It should be a natural person and his name shall be on license.

RESTRICTIONS ON NAME
Names must end with the word “FZE or FZC” as the case may be. Location names and religious words are prohibited.

PRESENCE
The shareholder has to be physically present either himself or through an attorney at the Free Zone.

AUDIT
The company shall appoint an auditor and file annual accounts as may be requested the authorities.

FACILITIES OFFERED
Office units, Warehouse, Harbours & Accommodation city

VISA ELIGIBILITY
Employment Visa availability depending on size of office, type of company and activity. No Investor Visa Category Available

GOVERNING LAW
Companies are subjected to the UAE law in general and for some specific functions law of the Emirates of Sharjah.

OTHER SERVICES
Driving License, NOC, Signing resolution etc. need to apply from Sharjah Government Department.

DISTANCE FROM DUBAI
30 kms

DOCUMENTATION

DOCUMENTS REQUIRED FOR ESTABLISHING AN FZE / FZC

INDIVIDUAL SHAREHOLDER

  1. Application forms duly signed by the authorized signatory.
  2. Shareholders’s Personal Details, Power of attorney (if any) and clear passport copy with the validity of six months, Passport copy & Power of Attorney for Manager, Director & Secretary.
  3. Original Bank Share Capital Letter is required if the Capital is shown more than the License fees otherwise it is exempted.
  4. Bank Reference Letters.

CORPORATE SHAREHOLDER

  1. Applications forms duly signed by the authorized signatory.
  2. Certificate of Registration (or) Certificate of Incorporation (or) Certificate of Good Standing of the Mother Company, Memorandum & Articles of Association of the Parent Company. (Attested)
  3. Board Resolution calling for the establishment of FZE/FZC in HAFZA, attachment of Specimen Signature, Passport copy & Power of Attorney for Manager, Director & Secretary.
  4. Letter from the shareholding company for the appointment of Manager.
  5. Original Bank Share Capital Letter is required if the Capital is shown more than the License fees otherwise it is exempted.

DOCUMENTS REQUIRED FOR ESTABLISHING A BRANCH COMPANY

  1. Application forms duly signed by the authorized signatory.
  2. Certificate of Registration (or) Certificate of Incorporation (or) Certificate of Good Standing, Memorandum & Articles of Association of the Mother Company, Attachment of Specimen Signature, Passport copy & Power of Attorney for Manager and Directors.
  3. Board Resolution calling for the establishment a branch in HAFZA and guarantee full financial commitment.
  4. Letter from the parent company for the appointment of Manager.
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