Tax-Free Advantage: The Untold Benefits of Hamriyah Free Zone Business Setup

Hamriyah Free Zone (HFZ) as being the Next Generation Free Zone in the United Arab Emirates, is making sure that its management is flexible and dynamic. Free zone authority is determined to create an investor-oriented environment to help individuals and companies to establish and grow strong. Located in Sharjah, UAE’s, HFZ has the geographic benefit due to the strategic location unlike any other free zone in the country as well as it has access to international markets via land, sea, and air.

Hamriyah Free Zone (HFZ) is fast becoming one of the keystones of the United Arab Emirates economy. Hamriyah Free Zone is the second largest freezone in the United Arab Emirates and is flexible and dynamic business policies attract investors around the world to get benefits of business setup in an investor-friendly and business-oriented freezone.

Hamriyah Free Zone put an effort to focus on the Small and Medium Enterprises (SME) sector. It offers unique business solutions with other incentives like a tax-free environment, full ownership of the business, and state-of-the-art infrastructure and facilities. For SMEs that include discounted lease rents, simplified procedures, and minimum formalities for company formation.

Benefits of Company formation in Hamriyah Free Zone (HFZ)

• 100% Tax-free environment on company formation in Hamriyah Free Zone
• 100% Company ownership on business setup in Hamriyah Free Zone
• 100% Exemption from all commercial levies on company incorporation in Hamriyah Free Zone
• 100% Repatriation of capital and profits on business setup in Hamriyah Free Zone
• Lease on land for 25 years and renewable for a similar period on company formation in Hamriyah Free Zone
• Access to deep water port to connect to the neighboring markets after company incorporation in Hamriyah freezone 
• Pre-built warehouses and office units for lease for your business setup in Hamriyah free zone
• Access to exclusively designed and furnished Executive offices in Hamriyah free zone
• To meet the need of your business setup availability of abundant and inexpensive energy
• Hamriyah freezone benefits you with the autonomy for personal recruitment of economical workforce for your business setup.

Legal Entities permitted in Hamriyah Free Zone

There are four types of legal entities allowed for business setup in Hamriyah free zone

• Free Zone Establishment (FZE)
• Free Zone Company (FZC)
• Branch of a Foreign Company
• Branch of a UAE Company

Required documents for business setup as an FZE/FZC

Individual shareholder

• Duly signed application forms by the authorized signatory.
• Personal details of shareholders
• Passport copy that should be valid of six months
• Power of attorney (if any)
• Passport copy & POA (Power of Attorney) for Manager, Director as well as Secretary
• If the capital is shown more than the License fees than original Bank Share Capital Letter is required otherwise it is exempted
• Reference Letters from bank

Corporate shareholder

• Duly signed applications forms by the authorized signatory
• Certificate of Incorporation or Certificate of Registration or Certificate of Good Standing of the parent Company
• Attested memorandum and Articles of Association of the Parent Company
• Resolution by the board calling for the establishment of FZE/FZC in Hamriyah freezone
• Attachment of Specimen Signature, Power of Attorney and passport copy for Manager, Director and Secretary
• Appointment letter from the shareholding company of Manager
• If the capital is shown more than the License fees than original Bank Share Capital Letter is required otherwise it is exempted

Documents required for business setup as Branch Company

• Duly signed applications forms by the authorized signatory
• Certificate of Incorporation or Certificate of Registration or Certificate of Good Standing of the parent Company
• MOA (Memorandum of Association) and AOA (Article of Association) of the Parent Company
• Resolution by the board calling for the establishment of a branch in the Hamriyah freezone and guarantee full financial commitment.
• Appointment letter from the shareholding company of Manager

Business setup License Types in Hamriyah Free Zone

• Industrial license
• Commercial license
• Service license

1. Industrial License:

 Under the industrial license a company or business set up is permitted to import raw materials for the use of manufacturing, processing, or assembly of the products specified in the license.

2. Commercial License:

 Under the commercial license a company or business setup is allowed to import, export, sell, distribute and store items specified in the license.

3. Service License:

 Under the service license a company or an individual can carry out the services which are specified on the license.

Hamriyah Freezone Business setup facilities:

• Business setup in Hamriyah freezone facilitates with executive office suites in the International Business Center
• Company formation in Hamriyah freezone facilitates with a competitive land lease for 25 years renewed for a similar period
• Company incorporation in Hamriyah freezone facilitates with pre-built warehouses, factories, and office units on competitive lease rates
• Business setup in Hamriyah freezone gains you access to the deepwater port
• Company formation in Hamriyah freezone facilitates with on-site accommodation for investors
• Company incorporation in Hamriyah freezone facilitates you with the option of personnel recruitment and economical workforce
• Business setup in Hamriyah freezone will provide you access to transportation via road, sea, and an International airport to connect to the world’s markets
• Company incorporation in Hamriyah free provides you the facility of highly developed infrastructure and telecommunications system
• Business setup in Hamriyah freezone provides plentiful and inexpensive energy

We at MSZ corporate services provider offer a complete range of packages for company setup in Hamriyah Free Zone. Our dedicated consultants are ready to take on the task of company setup in the UAE. For inquiries regarding to Hamriyah Free Zone company setup, get in touch with us, Click Here to Contact MSZ or Email to info@msz.ae