Hamriyah Free Zone Company Setup
Form your company in Hamriyah
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Form your company in Hamriyah
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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.
The benefits of the Hamriyah Free Zone are as follows:
You can register your new company without visiting the UAE, making the process convenient for international investors.
You can start your business without needing a No Objection Certificate, simplifying the setup process.
There are no restrictions on hiring foreign employees, giving you access to a global talent pool.
Foreign investors can fully own their companies, providing complete control over your business.
You can transfer funds without any fees, ensuring financial flexibility.
No restrictions exist on returning your profits to your home country.
Enjoy 0% import or re-export duties and 0% personal income tax, significantly reducing your tax burden.
You don't need to provide share capital or conduct annual audits, simplifying financial management.
All necessary documents are issued within 2 days, speeding up the setup process.
The registration and operational processes are straightforward, digital, and cost-effective, saving you time and money.
The Hamriyah Free Zone offers three types of licenses:
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.
It allows the import of raw materials for manufacturing, processing, or assembly. Export is permitted, but UAE sales need a local distributor or agent.
Authorises the provision of specified services.
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 |
Below are the steps to start a business in the Hamriyah Free Zone:
Select the appropriate business license, such as a commercial, industrial, or service license, for your intended activities.
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).
Identify the type and size of facilities you need to effectively operate your business, considering factors like location, infrastructure, and available services.
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.
Once your application is approved, you will receive your business license to commence operations within the free zone.
Below are the documents needed to set up a business in the Hamriyah Free Zone:
Requirements for Renewing Your Hamriyah Free Zone License:
Original Trade License
Audit Report
P.O. Box Renewal Receipt
License Renewal Fee
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
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.
| 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!
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 info@shuraa.com. We're here to assist you promptly with all your business setup needs!
Shuraa Business Setup is the highest-rated business setup consultancy in the UAE, providing expert guidance and comprehensive service to help entrepreneurs establish and grow their businesses seamlessly.
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