Hamriyah Free Zone Company Setup

Name: Shuraa Business Setup
Brand: Shuraa
Rating: 4.7 (1148 reviews)

Form your company in Hamriyah

Established in 1995, Hamriyah Free Zone in Sharjah is home to nearly 6,500 businesses from over 160 countries. It’s an ideal business location with easy access to global markets. The zone offers world-class facilities, including factories, warehouses, executive office suites, regular offices, a VIP Investors Lounge, a Customs office, recreational centres, currency exchanges, banks, supermarkets, labour accommodation, and the Sharjah Civil Defence station.

Shuraa can help you learn more about the Hamriyah Free Zone. We cover everything from required documents and setup costs to benefits.

Benefits of Hamriyah Free Zone

The benefits of the Hamriyah Free Zone are as follows:

1. Remote Company Registration

You can register your new company without visiting the UAE, making the process convenient for international investors.

2. No NOC Required

You can start your business without needing a No Objection Certificate, simplifying the setup process.

3. Flexible Hiring

There are no restrictions on hiring foreign employees, giving you access to a global talent pool.

4. 100% Foreign Ownership

Foreign investors can fully own their companies, providing complete control over your business.

5. Free Fund Transfers

You can transfer funds without any fees, ensuring financial flexibility.

6. Capital Repatriation

No restrictions exist on returning your profits to your home country.

7. Tax Benefits

Enjoy 0% import or re-export duties and 0% personal income tax, significantly reducing your tax burden.

8. No Share Capital or Annual Audit Needed

You don't need to provide share capital or conduct annual audits, simplifying financial management.

9. Fast Documentation

All necessary documents are issued within 2 days, speeding up the setup process.

10. Easy, Digital, and Cost-Efficient

The registration and operational processes are straightforward, digital, and cost-effective, saving you time and money.

Type of Licenses in the Hamriyah Freezone

The Hamriyah Free Zone offers three types of licenses:

Commercial License Permits import, export, sale, distribution, and storage of specified items. A General Trading License covers all items. Sales within the UAE require a local distributor or agent.

Industrial License It allows the import of raw materials for manufacturing, processing, or assembly. Export is permitted, but UAE sales need a local distributor or agent.

Service License Authorises the provision of specified services.

Comparing Different Hamriyah Entities

Below are the various Hamriyah entities listed in tabular form:

Compare different Hamriyah entities	Free Zone Establishment	Free zone company	Commercial license company	Industrial license company	Service license company
Also known as	FZE	FZC	FZE/FZC	FZE/FZC	Branch
Best use of company?	Professional services	All products and services	Trading and online retail	Manufacturing and assembly	Specific projects
How soon can you invoice clients or sign sales contracts with local customers?	2 months	2 months	2 months	2 months	2 months
How soon can you invoice or sign sales contracts with international customers?	2 months	2 months	2 months	2 months	2 months
How soon can you hire staff?	2 months	2 months	2 months	2 months	2 months
How soon can you sign a lease?	1 week	1 week	1 week	1 week	1 week
How long will it take to provide corporate bank account numbers?	1 month	1 month	1 month	1 month	1 month
How long will it take to provide company registration or tax numbers?	2 months	2 months	2 months	2 months	2 months
Limited liability entity?	Yes	Yes	Yes	Yes	No
Is government approval needed for foreign owners?	No	No	No	No	No
Resident director/partner/manager/needed legal representative?	No	No	No	No	No
Minimum paid-up share capital?	US$1	US$1	US$1	US$1	US$1
Can we bid for Government contracts?	Yes	No	No	Yes	Yes
Can we do business with UAE customers without appointing a local agent?	Yes	No	No	Yes	Yes
Can you do business with UAE customers by appointing a local agent?	Yes	Yes	No	Yes	Yes
Corporate bank account location?	ADCB	ADIB	Ajman Bank	Emirates NBD	Union National Bank
VAT payable on sales to local customers?	5%	0%	5%	5%	5%
Average total engagement period?	3 months	3 months	6 weeks	3 months	4 months

How to Start a Business in Hamriyah Free Zone?

Below are the steps to start a business in the Hamriyah Free Zone:

1. Choose Your Business License

Select the appropriate business license, such as a commercial, industrial, or service license, for your intended activities.

2. Determine Legal Structure

Based on your business goals, decide on the legal entity for your company, whether it’s a sole proprietorship, partnership, or limited liability company (LLC).

3. Select Your Space

Identify the type and size of facilities you need to effectively operate your business, considering factors like location, infrastructure, and available services.

4. Submit Required Documents

Prepare and submit all necessary documentation along with the payment of applicable fees. Be sure to account for the Hamriyah Free Zone license fees, as these are typically the most significant expense.

5. Start Operating Your Business

Once your application is approved, you will receive your business license to commence operations within the free zone.

Documents required for Business Setup in Hamriyah Free Zone

Below are the documents needed to set up a business in the Hamriyah Free Zone:

Application form and Letter of Intent
Passport copies of all shareholders
Trade license copy (if establishing a branch)
Bank reference letter
A copy of the MOA and AOA

Get Your Hamriyah Free Zone Company Setup - It Starts Now

License Renewal in Hamriyah Free Zone

Requirements for Renewing Your Hamriyah Free Zone License:

Original Trade License
Audit Report
P.O. Box Renewal Receipt
License Renewal Fee

Closing/Termination/Liquidation of a Company in Hamriyah Free Zone

Termination Procedures:

Get Customs NOC
Complete Termination Form and Board Resolution
Submit original company documents
Return office keys
Settle outstanding payments and fees
Cancel visas and immigration cards

Costs of Operating in Hamriyah Free Zone

Company registration in the Hamriyah Free Zone starts at 11,000* AED for the license fee, which includes the option to apply for one resident visa. Additionally, renting a P.O. box costs around 1,000* AED annually.

Warehousing fees begin at 70,000* AED for 200 sq. meters, with the option to pay in instalments.

Note: This does not cover the license cost, deposits, or other additional fees.

The lowest fees in Hamriyah include (AED):

Type of License	Cost in AED
1 visa package	11,000
7 visas package	35,000

Note: For the exact cost, you can contact our Shuraa experts!

With Shuraa Business Setup

In conclusion, we’ve covered all the important steps for starting a business in Hamriyah Free Zone. For expert guidance and support, contact Shuraa Business Setup at +971 4408 1900, send a WhatsApp message to +971 5077 75554, or email us at [email protected]. We’re here to assist you promptly with all your business setup needs!