Introduction
Hamriyah Free Zone is well known free zone which is situated in Sharjah (on the border of Ajman). Hamriyah Free Zone is a hub of petroleum and other related chemical trading. HAFZA provides very cost effective packages for company formation and issue trade license within 1 working day.
Benefits
- Full foreign ownership permitted
- 100% repatriation of capital and profits
- VAT designated zone
- No corporate and income taxes
- Business setup within 1 working day
- Flexible visa quota
- Competitive lease rates for industrial plots, prefabricated warehouses and office units
Hamriyah Free Zone company setup require below license types
- Commercial License
- Trading – This license allows the holder to import, export, sell, distribute, and store items specified on the license.
- General Trading – This license allows trading (import, export) of unlimited number of products.
- E-commerce – This license allows the holder to trade goods and services over electronic network.
- Service license – This license allows the holder to conduct services or consultancy services listed on the license contract clause.
- Industrial license – This license allows the holder to import raw materials for the purpose of manufacturing, processing, and/or assembly of specified products, packaging and exporting of the finished products.
Minimum share capital requirement for Hamriyah Free Zone company setup
Minimum share capital requirement for formation of Hamriyah Free Zone company shall be AED 10,000/- per shareholder and the share capital do not need to deposit into the company’s bank account.
Hamriyah Free Zone license Cost
| Sr. No. | Package type | No. of shareholders | Standard price (AED) | Office Price (AED) |
|---|---|---|---|---|
| 1 | Package – 1 visa | 1 | 11,000/- | 8,800/-* |
| 2 | Package – 4 visas | 1 | 17,000/- | 13,600/-* |
| 3 | Package – 4 visas | 1 to 3 | 20,000/- | 16,000/-* |
| 4 | Package – 6 visas | 1 to 5 | 25,000/- | 20,000/-* |
| 5 | Package – 7 visas | 1 to 5 | 35,000/- | 28,000/-* |
*Please confirm the offer price with us first
Types of office available and cost
Following are the lease facilities available with Hamriyah Free Zone:
| Sr. No. | Office Type | Size (SqMt) |
|---|---|---|
| 1 | Office | 10 to 40 |
| 2 | Warehouse | 200 to 600 |
| 3 | Land | Starting from 2,500 |
Hamriyah Free Zone visa cost
| Sr. No. | Particulars | Amount (AED) |
|---|---|---|
| 1 | Security Approval | 150/- |
| 2 | Establishment card | 1,860/- |
| 3 | E-channel | 4,675/- |
| 4 | Residence visa – Investor/Partner | 4,000/- |
| 5 | Residence visa – Manager/Employee | 3,800/- (Refundable Deposit of 1 month salary & one-way air ticket charge is required) |
List of documents required for Hamriyah Free Zone company setup
Following documents are required for formation of company in Hamriyah Free Zone:
- Passport copy
- Passport size photo
- Copy of previous entry stamp to UAE
- Business plan only for certain activities
- No Objection Letter (NOC) in case your visa is issued by another company/sponsor
Timeline
| Sr. No. | Particulars | Working days |
|---|---|---|
| 1 | Issuance of trade license | 1 day |
| 2 | Establishment card | 3 to 5 days |
| 3 | Visa | 7 to 10 days |
Hamriyah Free Zone license renewal
Hamriyah Free Zone required for below for license renewal:
- Old trade license copy
- P O Box renewal receipt (if company has P O Box)
- Audit report/Audit waiver
License renewal can be done remotely without the presence of shareholder/manager.
Hamriyah Free Zone license Amendment
Some of the amendments can be done remotely and some are required shareholder’s presence like share transfer. The amendment cost depends upon the type of amendment like share transfer charge is AED 15,000/-.
Hamriyah Free Zone company liquidation
Company liquidation Procedures:-
- Request for NOC from Customs
- Filled Company Termination Form & Board resolution
- Submission of all original Company Documents (Trade Licence, MOA, Tenancy etc)
- Handover the Office Keys
- Settlement of all outstanding payments, Termination fee and Late liquidation Fee
- Visa & Immigration Card cancellation
- License cancellation
Timeline of liquidation depends on the facility lease type and it cost starts from 6,000/-. Once the company is liquidated all the deposit will be returned back.
Conclusion
Hamriyah Free Zone is suitable for small and large company. It is suitable Logistics & transportation, Oil & gas, Petrochemical, Building Material etc. If you need any further information then contact us.
